Intel Shares Plummet After Weak Earnings, Sales Forecast
Intel is continuing to be hit hard by the sluggish PC market and tech spending slowdown, with revenue declines across its key business units.
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SAP Lays Off 2.5% of Workforce, Eyes Sale of Qualtrics Stake
German software giant SAP becomes the latest enterprise tech company to cut staff in a push to improve profitability.
Comcast’s Peacock Loses Nearly $1 Billion in Q4
Peacock added five million paying subscribers to finish the year with more than 20 million but the costs were high.
Venture Firm NEA Raises $6.2 Billion
Limited partners are more willing to back established firms like NEA during the downturn in funding.
Elon Musk Tells Tesla Investors Twitter Acquisition is Good for Automaker
The Cybertruck won’t reach meaningful production levels until 2024, Musk said.
Meta to Reinstate Donald Trump’s Accounts on Facebook and Instagram
The announcement comes two years after Trump was banned from the platforms over comments related to the Jan. 6 riot at the U.S. Capitol.
The RealReal Taps Former Neiman Marcus Exec As New CEO
The appointment of John Koryl ends the company’s more than six-month search for a new chief executive.
Shopify Stock Jumps 12% Following Subscription Price Increase
A rare price increase for the e-commerce platform’s subscriptions comes as Shopify looks to further boost its revenue.
DCG Subsidiary Luno Lays Off 35% of Staff
The layoffs are the latest setback for Barry Silbert’s Digital Currency Group.
The Washington Post Lays Off 20 Journalists
Other media companies including NBCUniversal, Vox Media and AdWeek have also cut staff in January as they grapple with falling advertising revenue.
Rupert Murdoch Calls Off Fox-News Corp Merger
Murdoch's decision to abandon plans to combine the companies follows opposition from large shareholders who claimed a potential deal would undervalue News Corp.
Microsoft Reports Slight Revenue Growth, Buoyed Mainly by Azure
Microsoft’s revenue was hardest hit in the units that are exposed to the consumer market, including the business that sells Windows software to computer makers.
Billionaires Buy Stake in Thrive Capital
Walt Disney CEO Robert Iger, Brazilian billionaire Jorge Paulo Lemann and French telecom investor Xavier Niel also participated in the deal.
Amazon Rolls Out Prescription Add-On for Prime Members
RxPass offers generic prescription refills to U.S. Prime members for $5 per month.
Alphabet’s Waymo Robotaxi Unit Lays Off Employees
Waymo becomes at least the fourth Alphabet subsidiary to trim staff.
On Trial, Elon Musk Claims Saudi Arabia Covered ‘Ass’
Musk testifies that his SpaceX equity could have secured the deal on its own.
Away Hires New Marketing Chief, Plans to Boost Traditional Ad Spending
Carla Dunham is the second hire the luggage brand has made for the CMO role in less than a year.
Amazon and Stripe Sign Agreement on Payments, Cloud
Amazon plans to increase its use of Stripe’s payments processing services, while Stripe will expand its use of Amazon Web Services.
Reddit Promotes Harold Klaje to Chief Revenue Officer
The company made several changes to its senior leadership as its ad sales team grows.
Microsoft Makes Multibillion-Dollar Investment in OpenAI
Microsoft will remain OpenAI’s exclusive cloud provider and deploy more of its technology across consumer and enterprise products, the companies said.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
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