X Expects $2 Billion in Ad Revenue This Year
X is reportedly bringing in about $2 billion in ad revenue this year, less than half of its ad revenue in 2021.
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Recent Editions
DoorDash Adds Max Streaming to DashPass Subscription
The delivery company is trying to compete on delivery of groceries and other products, in addition to restaurant orders.
Alibaba’s Lazada Unit Records First Positive Ebitda in July
In Southeast Asia, the Alibaba unit continues to face intense competition from TikTok's e-commerce business as well as regional rivals like Shopee.
Pentagon to Remove Chinese Lidar Maker Hesai From Blacklist
The rare reversal comes less than a year after the Defense Department added Hesai to its blacklist of Chinese companies with military ties.
Elon Musk Blames Trump Interview Delay on DDoS Attack
Musk suggested opposition to Trump was behind the attack.
Patreon Says It Must Use Apple’s Payment System Or Risk Removal
Patreon said Apple is requiring the membership site’s iOS app to use its in-app purchasing system by November.
BuzzFeed Q2 Revenue Fell 24%
BuzzFeed's advertising business continues to shrink, though the company said it's seeing improvements in its higher-margin automated ad operations.
Robinhood Hires Former Lyft Executive as CTO
Pinner, who most recently worked at Cruise, has infrastructure and AI expertise.
Hackers Hit Trump Campaign
The attack comes amid a Microsoft warning about Iranian influence on the election.
Former Twitter Board Member Sues Elon Musk’s X for $20M
Omid Kordestani is the latest high-ranking ex-Twitter exec to sue.
China’s WeRide Readies U.S. IPO
The autonomous driving company’s $120 million offering marks a rare listing from a Chinese company.
Venezuela Blocks X for 10 Days
Retaliation follows Elon Musk's criticism of long-time president Nicolas Maduro.
Cisco Reportedly Will Lay Off Thousands of Workers
Cisco plans to lay off as many as 4,000 workers, or about 5% of staff, in a second round of layoffs this year, Reuters reported.
Senators Introduce New Bill to Crack Down on Duty-Free Apparel Imports
The bill is the latest effort by officials to increase oversight of a controversial trade provision.
Anthropic Offers $15,000 to Break New AI Safety System
Anthropic is dangling financial incentives in front of hackers as it looks to prevent embarrassing or dangerous misuse of its chatbot.
OpenAI Appoints Carnegie Mellon Professor to Board of Directors
OpenAI's board of directors now has nine people.
White House, Harris Advisers Hear Out Crypto Leaders
White House officials and an advisor to Kamala Harris listened to crypto executives’ concerns but didn’t make any promises.
Paramount Global Takes $6 Billion Writedown
Paramount Global made a small profit in its streaming operations but its TV networks and studio suffered sharp declines in revenue.
U.K. Launches Formal Probe Into Amazon’s Anthropic Investment
The regulator could eventually approve Amazon’s investment, seek to block it or force changes to the relationship between the companies.
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