Uber Unveils $7 Billion Stock Buyback Plan
Uber expects to generate more than $3 billion in free cash flow annually, financing the stock buyback.
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Meta’s Zuckerberg Says Quest 3 Headset Is Better Than Apple Vision Pro
The comments were his first volley against Apple’s $3,500 device, which debuted to mixed reviews due to its lack of comfort but breakthrough user experience.
Instacart to Cut 250 Jobs, Says Three Top Execs Resign
The company said the move should improve "operational efficiencies."
Lyft Posts Free Cash Flow in Q4
Lyft's new CEO promises to achieve profitable growth but growth remains a question mark.
Airbnb Forecasts Higher Revenue as it Expands Internationally
The rental site said it's seeing growth in cross-border travel.
Robinhood Transaction Revenue Grows, Shares Rise
The company posted its highest quarterly net income since 2020.
Walmart in Talks to Acquire TV Maker Vizio for More Than $2 Billion
Owning Vizio could give Walmart more advertising inventory and customer data, helping it sell video ads to brands that already offer their goods in its stores and e-commerce marketplace.
Judge Dismisses Some Claims in Sarah Silverman Versus OpenAI
Silverman's case is one of many brought against OpenAI and its rivals in recent months.
Shopify Forecasts Higher Expenses As Marketing Ramps Up
The e-commerce giant had previously touted how improvements like AI had helped cut expenses.
Paramount Global Lays Off 800 People
Paramount Global is grappling with a shrinking cable TV sector and streaming losses.
Founders Fund Realized $1.8 Billion Gain From Crypto Before Crash, Bought More Last Year
The VC fund has reportedly made a killing from cryptocurrencies
Temu Airs Super Bowl Ads For Second Year In a Row
The e-commerce upstart planned $10 million in giveaways for shoppers as part of its marketing blitz.
Jeff Bezos Sells $2 Billion in Amazon Stock
Earlier in February, Amazon said in a securities filing that Bezos could sell up to 50 million shares, or about 5% of his total Amazon stake, over the next 12 months.
Wish, Discount Site Once Valued at $14 Billion, Sold for $173 Million
Wish, which went public in 2020, presaged a newer wave of deeper-pocketed competitors like Temu and Shein.
Apple Settles with Chip Startup It Accused of Stealing Trade Secrets
The settlement is likely good for chip startup Rivos, which could have faced potential damages and been forced to pay Apple a royalty for its chip designs.
Neuralink Leaves Delaware for Nevada
The move follows Elon Musk’s vows to move Tesla to Texas.
Nvidia Talks to Microsoft, Meta, Amazon About Custom AI Chips
Major cloud providers including Amazon and Microsoft have developed their own custom AI server chips, which they hope will lower their dependence on Nvidia.
CVC Agrees to Buy RuneScape Developer From Carlyle
Deal to buy Jagex is reportedly worth around $1.1 billion
OpenAI CEO Altman Said to be in Talks to Raise Trillions for AI Chip, Power Initiative
Altman is trying to solve one of the key bottlenecks hindering OpenAI’s growth.
VC Firms Invested in AI Companies That Supply China’s Military
The report follows an investigation into the VC firms, some of which have separated from their Chinese entities in the past year.
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