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.
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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
Meta’s Stock Plunges More than 26%
The sharp fall wiped more than $250 billion off the company’s market value.
Pinterest Revenue Jump Sends Stock Soaring; U.S. Users Drop Again
Pinterest’s fourth-quarter revenue rose 20% year-over-year, but U.S. monthly users declined for a third straight quarter.
Biden Administration Considers Rule Change to Address Potential TikTok Risks
The proposed rule would expand government oversight of foreign-owned apps
Meta-backed Diem Association Confirms Asset Sale
The sale marks the end of Meta's beleaguered cryptocurrency project.
The New York Times Is Buying Hit Viral Game Wordle
The company paid creator Josh Wardle a price in the “low seven figures.”
Legendary Entertainment Sells Stake to Apollo for $760 Million
The deal comes as Hollywood studios try to cash in on the growing demand for producers of streaming content.
Coinbase Adds Shopify CEO to Board
Shopify CEO Tobias Lütke will advise Coinbase executives as the cryptocurrency exchange platform expands internationally and develops new products.
Bolt CEO Replaced Following Controversial Tweets
CEO Ryan Breslow called Stripe and Y Combinator "the Mob Bosses of Silicon Valley" in a series of Tweets last week.
FTX Valued at $32 Billion in New Funding Round
The fundraising comes less than four months after the company raised money at a $25 billion valuation in October.
Vista and Elliott to Buy Citrix for $16.5 Billion
Citrix is one of a number of older enterprise software firms that is trying to shift towards cloud-based subscription software but whose revenue is growing very slowly.
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