Trump Nominates Rep. Gaetz, Who Voted Against TikTok Ban Bill, as AG
Trump named Republican Matt Gaetz as his pick for attorney general, putting forward a congressman who opposed a bill that could ban TikTok next year.
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Recent Editions
Meta to Face Trial Over Whatsapp, Instagram Acquisitions
The decision follows a series of setbacks in the FTC’s case
OpenAI Nears Release of Software to Operate Devices, Automate Tasks
Rivals such as Anthropic and Google are working on similar computer-using automation software.
OpenAI Discusses AI Data Center That Could Cost $100 Billion
OpenAI is calling on the federal government to help expand the country's data center energy capacity so that it can maintain its lead in AI over China, which is part of Donald Trump’s stated agenda.
Liberty CEO Maffei to Depart
Maffei is leaving after a series of deals have simplified Liberty, leaving it as the owner of the Formula One racing business and a motorcycle racing operation still to be acquired.
Klarna Files Confidentially For U.S. IPO
The installment lender has been eyeing a potential IPO after expanding aggressively in the U.S.
Marc Lore’s Wonder to Buy Grubhub, Raises $250 Million
Wonder is paying $150 million in cash and will assume $500 million in Grubhub debt.
Amazon Launches Temu Competitor Called ‘Haul’
The launch of Haul comes after a yearslong debate inside Amazon about how to respond to the rise of Chinese discount apps Temu and Shein.
Tencent’s Profit Jumps 47% on Videogame Growth in China
The videogame recovery shows Tencent's resilience when many industries are grappling with China's economic slowdown.
Vision Fund Co-CEO Rajeev Misra to Step Down
Misra is leaving as IPOs and stock rallies drive up the returns of the fund known for placing huge bets on startups.
Trump Officially Names Musk, Ramaswamy to Lead Government Efficiency Push
Musk had previously promised to identify $2 trillion in cuts to the federal budget.
Database Provider Snowflake Steps Into AI-Powered Search
Snowflake debuts a new product that makes its database function like an internal AI-powered search engine, marking a new direction for the company.
Spotify’s Price Rises Boost Bottom Line
Recent price rises lifted Spotify's revenue and profits.
BuzzFeed Warns On Convertible Notes
BuzzFeed expects to owe $120 million, and has less than half of that left in cash.
Marc Lore’s Wonder Nears Deal to Buy Grubhub
Grubhub will likely be valued at less than $1 billion if the Wonder deal goes through, according to the Journal.
Instacart Reports 12% Revenue Growth
Instacart shares fell around 3.3% to $46.75 in after-hours trading.
OpenAI President Returns After Monthslong Leave
Greg Brockman's return comes three months after the OpenAI cofounder and president first announced his extended leave of absence.
Shopify Shares Surge More Than 20% On Revenue, Margin Growth
The e-commerce software maker has been touting margin improvements over the past year.
Netflix’s Ads Tier Now at 70 Million Monthly Users
Netflix said it has also sold out commercial time for its two Christmas Day NFL games, which will include FanDuel and Verizon as sponsors.
SoftBank Group Swings to Profit on Vision Fund Investment Gains
The latest results show how a rebound in some public stocks and startup valuations is driving Vision Fund's recovery.
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