Trump Officially Names Musk, Ramaswamy to Lead Government Efficiency Push
Musk had previously promised to identify $2 trillion in cuts to the federal budget.
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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.
IAC Explores Spinoff of Angi
The move would follow previous spinoffs from IAC, such as Ticketmaster and Expedia.
Apple Developing Surveillance Camera Amid Smart Home Push
The camera is part of Apple's efforts to expand its smart home business with products that integrate seamlessly with the iPhone, Siri and Apple Intelligence.
Google’s News Executive Leaves
Prakash’s role had included managing Google News and also communicating with publishers about Google’s increasing emphasis on AI in search.
Bitcoin Hits $88,000 as Crypto Market Cap Tops $3 Trillion
Coinbase shares rose 20% Monday.
Forerunner Ventures Raises $500 Million Early-Stage Fund
The firm, known for consumer investments, now manages assets totaling around $3 billion.
Amazon Developing Smart Glasses for Delivery Drivers
The glasses could enable workers to deliver more packages per shift, cutting down on Amazon’s delivery costs.
StockX Names New CEO
Greg Schwartz is the company’s current chief operating officer and cofounded the company in 2016.
Musk Had Phone Call With Trump and Zelensky
Both Elon Musk and Donald Trump have voiced doubts about whether Ukraine can win its war against Russia.
Block Discloses New Money Laundering Probe
Jack Dorsey’s payments fintech Block is negotiating a potential settlement with several state regulators.
Paramount’s Streaming Unit Ekes Out Profit as TV Continues to Decline
Paramount reported a 10% growth in its streaming unit as overall company revenue fell 6% during the third quarter.
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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