Reddit IPO Filing Shows Slowing Sales But Narrowing Losses
Revenue hit $804 million last year, representing about 21% annual growth, but falling roughly one-quarter shy of a revenue goal set by the board of directors, the filing shows.
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Techstars Plans to Shut Down Seattle, Boulder Accelerator Programs
The startup accelerator says founders want to work in cities with the most access to capital and tech talent.
Nvidia Forecasts 233% Revenue Growth Next Quarter as AI Dominance Persists
The results could buttress the notion that Nvidia faces no real challengers at the moment.
Top Blackstone Executive Leaves The Firm
A 14-year veteran is leaving the private equity firm
BuzzFeed Sells Complex Networks Assets, Announces Layoffs
BuzzFeed has sold Complex Networks assets for $108.6 million. It will use the money to pay down debt and announced layoffs of 16% of its workforce.
Reddit Will Reserve Shares for its Prolific Users During its IPO
Reddit will turn to the Redditors that put the meme stock craze on the map during the pandemic.
Astera Labs Increases Revenue 50% Ahead of IPO
The company's sales have surged with demand for chips needed to run AI training models.
Google Releases Open-Source AI Models in Challenge to Meta
Gemma is based on the same technology as Google’s proprietary Gemini models.
Palo Alto Networks Stock Plunges As Firm Offers Free Security Software to Win Customers
The company is offering its cybersecurity software for free for several months to customers who switch away from rivals.
Amazon Plans to Sunset Freevee Streaming Service, Report Says
The news comes after Amazon in January started showing advertisements on Prime Video, its paid streaming service.
Amazon Replaces Walgreens in Dow Jones Industrial Average
The Dow Jones Industrial Average already includes some large tech firms, including Microsoft and Apple, but does not include Google parent Alphabet.
Fubo TV Sues Disney, Fox and Warner to Block Sports Streaming Joint Venture
Fubo TV is hoping to block the new streaming joint venture, which would compete with Fubo to offer a bundle of sports TV channels.
Universal Music Group Buys KKR Out of Song Catalog for $240 Million
KKR will exit the music venture it co-launched in 2021
Walmart to Acquire TV Maker Vizio for $2.3 Billion
Owning Vizio would give Walmart more advertising inventory to sell and more customer data to use when targeting ads.
Chinese Startup Moonshot AI Raises More Than $1 Billion
As China's domestic AI race heats up, tech giants are ramping up their investments and some startups are raising big funding rounds.
European Commission Opens Inquiry Into TikTok Over Risk of Addiction
Europe's new Digital Services Act requires large platforms like TikTok to ensure their systems don't pose threats to people's mental health.
China’s JD.com Mulls Acquisition of U.K. Electronics Retailer Currys
The Chinese e-commerce giant's talks come as U.S. investment firm Elliott is reportedly considering making a new bid for Currys.
EU to Fine Apple $538 Million Over Antitrust Breach
The European regulator has been investigating how Apple's App Store rules favor Apple Music over rival services such as Spotify.
AI Chip Startup Graphcore is on the Market—Report
Graphcore is one of a crop of startups that have emerged in the past couple of years, seeking to compete with Nvidia in the market for specialized AI chips.
SoftBank Said to be Seeking $100 Billion for AI Chip Project
The chip project is code-named Izanagi after the Japanese god of creation.
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