Etsy Sells Depop to eBay At A Loss
Etsy originally acquired Depop for around $1.6 billion in 2021.
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Recent Editions
DoorDash Posts Strong Growth on Deliveroo Acquisition
The restaurant meal delivery app forecast a slowdown in profit growth in the first quarter partly due to investments in Deliveroo.
Figma Posts Accelerating Growth in Fourth Quarter
Figma shares rose as much as 16% in after hours trading.
Zuckerberg Testifies in LA Courtroom
Several hours of testimony had not yielded any revelatory moments. Zuckerberg seemed more annoyed than threatened.
Snap’s Subscriptions Business Passes $1 Billion in ARR
The announcement is a rare bit of good news for Snap, which has reported weak ad growth in recent quarters.
Perplexity Ends Ads Experiment
The pullback comes as ChatGPT’s ads launch has become a talking point for competitors
Saudi Arabia’s Humain Says it Invested $3 Billion in xAI Before SpaceX Merger
It’s unclear why Humain waited until now to reveal its participation in the round, which xAI has previously said raised a total of $20 billion.
OpenAI Pays 20% of Total Revenue to Microsoft Until 2032
The payouts will be more heavily weighted toward the years leading up to 2032
Anthropic Projects Rising Payouts to Cloud Providers: Financial Disclosures
Anthropic shares about 50% of its gross profits with Amazon for any sales Amazon makes
Atlassian Freezes Hiring Amid Business Software Market Turmoil
Atlassian, which has been hard-hit by the gloom over AI's potential impact on the enterprise software market, is now moving to address the situation.
Meta and Nvidia Sign Strategic Partnership
The Information reported in September that Meta was in talks with Google about spending billions of dollars to use TPUs.
ServiceNow CEO Stops Selling Stock in Bid to Calm AI-Skittish Investors
ServiceNow is one of many enterprise software firms whose shares have been hammered over AI fears this year, and now its executives are trying to calm them.
Three Top Execs Leave Crypto Exchange Gemini
Co-founder Cameron Winklevoss will take over more revenue responsibilities.
Benchmark Hires Jack Altman as Newest General Partner
Altman had been running Alt Capital, which had raised a $150 million fund.
Palo Alto Networks Buys Koi
The news marks the latest in a series of acquisitions by the $131 billion company.
Thrive Capital Raises $10 Billion in New Funds
The raise roughly doubles its last fundraise.
Activist Investor Pushes For Tripadvisor Board Shakeup, AI Changes
Starboard Value started building a stake in the travel review site last summer and has been pushing for it to incorporate more AI features.
SpaceX Joins Pentagon Drone Technology Competition
The Elon Musk space company will compete for a $100 million prize with other companies
Apple Announces March 4 Events
The company could introduce new Macs, iPads and the iPhone 17e.
Alibaba Launches New LLM as China’s AI Battle Heats Up
The new model, Qwen3.5, will play a key role in Alibaba’s effort to turn its chatbot app into an all-encompassing AI agent.
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.
By providing your email, you agree to The Information’s Privacy Policy