Amazon Posts Sluggish Online Sales, Strong AWS Growth
Amazon continued to see slow growth due to a slowdown in retail sales, along with excess operational costs due to overstaffing and overbuilding of warehouses.
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Jack Ma to Relinquish Control of Ant Group
The outspoken Chinese billionaire would give up some of his voting rights in the digital financial powerhouse whose $35 billion IPO was stopped by authorities.
Roku Stock Plummets on Weak TV Ad Demand
The streaming company forecast just 3% revenue growth in the third quarter, blaming a slowdown in TV advertising.
Apple Shares Rise Despite Weak Revenue Growth, Profit Decline
Apple posted weak quarterly results compared to its unusually strong performance in 2021, when it saw a surge in consumer spending.
Intel Shares Drop 10% As Quarterly Sales Growth Plummets
Intel, which has already been grappling with the effects of the global chip shortage, is now trying to address internal missteps in product design and other areas.
Variant Raises $450 Million For Two New Crypto Venture Funds
The funds mark the latest in a string of crypto venture capital firms raising money despite a collapse in crypto asset prices.
Instagram Walks Back Feed Changes After User Uproar
Instagram scales back its test featuring more recommended posts after user backlash.
Meta Cuts Funding for News Publications
The company will stop paying news publications for content to populate its Facebook News tab.
Google Delays a Phase-Out of Chrome Ad Trackers to 2024 as Antitrust Trials Loom
Antitrust concerns could be a key reason Google is taking its sweet time to kill cookies on Chrome.
Meta Platforms Reports First-Ever Revenue Drop and Projects More of the Same in Q3
The ad downturn is hurting Facebook's parent company a lot more than Google.
FTC Sues to Block Meta Platforms’ VR App Acquisition
The move comes seven months after The Information reported the agency had opened an in-depth review of the $400 million deal.
Microsoft Recruits Alphabet, Oracle for Government Cloud Lobbying
Microsoft is rallying competitors to convince the federal government to adopt a multi-cloud approach to awarding government tech contracts.
Spotify Stock Jumps on Strong Subscriber Growth, Forecasts
The streaming music service's shares jumped on strong user and revenue growth, along with a bullish outlook for the future.
Microsoft Revenue Growth Slowed to 12% as Cloud and Ads Dragged Down Results
Microsoft reported slowing cloud and advertising revenue growth but also blamed exchange rates and China lockdowns for the weak results.
PriceRunner Sues Google for 2.1 Billion Euros Alleging Unfair Competition
The European price-comparison firm alleged Google manipulated search results unfairly.
Chinese E-Commerce Giant JD.com’s Founder to Donate $2.3 Billion to Charity
The donation, which follows similar moves by other Chinese internet giants, comes as tech billionaires are facing more scrutiny from Beijing.
Amazon Hikes Prime Fees as Labor and Shipping Costs Mount
Amazon posted a slowdown in online store sales during the key holiday quarter, with sales falling 1% to $66.1 billion.
AWS Sales Growth Remains Strong Despite Outages, Exec Departures
Amazon Web Services, the industry's top cloud provider, has accelerated sales growth 12% over the past four quarters
Snap Reports First Quarterly Net Profit, Shares Jump 60%
Its revenue and user growth results surpassed analyst projections
Weekday Mornings
The Information AM by Myk Klemme
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
By providing your email, you agree to The Information’s Privacy Policy