Walmart Wants to Move Card Business to Fintech Venture: Capital One
One, the Walmart-backed venture, is also planning to offer buy now, pay later loans to shoppers.
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iRobot’s Revenue Drops, Shares Fall Further Below Amazon Takeover Price
The Roomba maker's shares were trading more than 42% below the price Amazon has agreed to pay.
Judge Says Block’s Tidal Deal Was ‘Terrible Business Decision’
The judge ruled that boards of directors are “free to make a terrible business decision” as long as they are made “in good faith."
Shortage of AI Servers Prompts Microsoft-Oracle Negotiations
Large-scale AI computing has put a strain on all major cloud providers.
Affirm’s Revenue Growth Slows as Loss Widens
Affirm’s results in the third quarter of its fiscal year suggested customers are making smaller purchases through buy now, pay later services.
Tucker Carlson Says He’ll Launch Show on Twitter
The conservative news host Tucker Carlson announced that he would launch a new version of his show on Twitter, after being fired last month from Fox News.
Anthropic Shows How its AI Training Differs From OpenAI’s
Anthropic is sharing details on how it trained the language model behind its Claude chatbot, in an apparent bid to differentiate itself from other AI startups.
Airbnb Revenue Growth Slows to 20%
While the travel booking site is now immensely profitable, its growth rate has slowed sharply as the rebound from the post-Covid period dissipates.
BuzzFeed Revenue Falls 27%
BuzzFeed's revenues plummeted in the first quarter, driven by a 30% drop in ad sales. It forecasts a 29% decline in revenues next quarter.
LinkedIn to Lay Off 716 Employees, Downsize China Business
As part of the reorganization, LinkedIn will shut down InCareer, its local jobs app in China.
Allbirds Forecasts More Revenue Decline, Co-CEO to Change Roles
The direct-to-consumer footwear brand is looking to turn around its business in what executives have called a “year of transition.”
Andreessen Horowitz Pledges $500 Million to Startups Supporting U.S. Interests
Andreessen Horowitz partners also urged fellow VC firms to support companies working in the U.S. aerospace, defenseand public safety industries.
Paramount Cuts 25% of Domestic Staff in TV Division
Paramount is laying off roughly 25% of employees within the unit that oversees its domestic cable networks a week after the company reported declining ad sales.
Ex-Coinbase Product Manager Sentenced for Insider Trading
Federal prosecutors have said the insider trading case was the first ever involving cryptocurrencies.
Warby Parker Sees Revenue Bump Despite Customer Growth Slowdown
The direct-to-consumer eyewear company has been trying to sell existing customers on more products and services.
Amazon Offers Customers $10 to Pick Up Orders at Stores
Some Prime members can get $10 to pick up orders at Whole Foods, Amazon Fresh and Kohl's stores.
PayPal Profit Rises 56% as Expenses Kept in Check
Lower expenses in areas such as sales and marketing and customer support helped boost PayPal's profit in the first quarter.
Tesla Breaks Ground on Lithium Refinery
Tesla aims to start production at the Corpus Christi refinery in 2015
Apollo Part of Bid to Acquire Bankrupt Crypto Lending Firm Celsius
The private equity giant has joined a bid that was placed by crypto investment firm NovaWulf, according to a report from CoinDesk.
Amazon Studios Forms New Film and TV Distribution Unit
Amazon plans to make its movies and TV shows available to rent or buy on other platforms. It's also open to licensing its programming to cable TV networks.
Weekday mornings
The Information AM by The Information Staff
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