Meta’s Revenue Climbs 11% as Reality Labs Continues to Lose Billions
Meta is projecting revenue in the third quarter will be in the range of $32 billion to $34 billion, which would be growth of between 15.5% and 24.5%.
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Judge Tightens Sam Bankman-Fried’s Bail, Will Consider Jailing Him Ahead of Trial
Federal prosecutors pushed for jail time after they alleged Bankman-Fried leaked personal writings of Caroline Ellison to the New York Times.
Walmart+ Launches Travel Perks in Battle With Amazon
The travel perks bring the subscription competition between the two retailers to a new frontier.
Dish Starts Selling Wireless Plans on Amazon
The move falls far short of other wireless benefits for Prime subscribers Amazon has reportedly been considering.
Singapore Sovereign Wealth Fund GIC Reports Worst 5-Year Return Since 2016
The world's seventh largest sovereign wealth fund with $690 billion in total assets said its return was impacted by last year's global economic slowdown.
Apple Card Notched Roughly 10 Million Users Earlier This Year
Still, the card partnership with Apple isn't a profitable enough endeavor for Goldman Sachs to want to continue it, people familiar with the matter said.
Banc of California to Buy PacWest in Regional Bank Tie-Up
Both banks' stocks had been hammered after the collapse of SVB.
Snap Stock Plunges as Company Projects Down Quarter
The company blamed the revenue downturn on adjustments the company has made to its ad targeting amid an overall difficult period for the digital ad industry.
Alphabet CFO Porat to Become President, Chief Investment Officer
Porat will focus on the company’s “Other Bets” and engagement with policymakers and regulators.
Microsoft Reports Lowest Annual Revenue Growth in Six Years as Azure Cloud Slows
Microsoft’s annual revenue grew 7%, the lowest rate of growth since 2017.
UPS and Union Reach Deal, Likely Averting Strike
The new deal, which delivers wage increases across the board for UPS workers, likely avoids a strike that would've hamstrung millions of daily deliveries.
Spotify Stock Sinks on Slimming Cash Flow Generation
Revenue growth in podcast ads are a strong growth vertical for the company.
Amazon and iRobot Lower Takeover Price
Stock movement indicates investors think the deal is now slightly more likely to close.
Andreessen Horowitz Hires Discord Exec as AI-Focused General Partner
The Ubiquity6 co-founder previously launched Kleiner Perkins first seed fund.
Sequoia Cuts Seven Employees From Talent Team
Sequoia's COO told Forbes that the number of requests from startups for hiring assistance had declined amid the downturn.
Sam Altman’s Worldcoin Cryptocurrency Soars in Launch
The tokens amassed a market cap of more than $200 million on Monday.
Benchmark’s Newest General Partner is Former Gaming CEO Victor Lazarte
Victor Lazarte joins Benchmark as its sixth general partner.
Lyft Looks for Buyers, Investors in Bikes Division
The bikes business likely won't fetch nearly the $250 million that Lyft paid in 2018.
Stripe Plans to Hire Fewer Than 1,000 Workers Through 2024
Stripe has told investors John Collison must approve any significant hiring plans.
Musk Says Twitter Will Change Logo to ‘X’
Twitter changed its company name to X Corp. earlier this year, and Musk has said that he wants to turn Twitter into “X, the everything app."
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The Information AM by The Information Staff
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