Amazon’s Stock Tanks on Grim Holiday Forecast
Amazon’s stock plummeted as much as 20% in after-hours trading after posting weak growth for the third quarter and providing a bleak outlook for the holidays.
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Recent Editions
TikTok to Launch Games Tab
The tab to feature mobile games expand the short-form video app’s entertainment offerings.
Meta Stock Plunges Following Earnings Announcement
The price has fallen to the lowest point since 2015
Comcast Reports Higher Cord-Cutting, Sky Writedown
Comcast wrote down Sky by $8.6 billion, or about 22% of its purchase price, due to a more pessimistic view about the satellite TV service's future profits.
Blockchain.com Discussing Fresh Funding at Sharply Lower Valuation
The startup last raised a Series D round led by Lightspeed Venture Partners in March that valued the company at $14 billion.
Shopify Shares Surge As Revenue Growth Ticks Higher
Shopify’s revenue jumped 22% as the e-commerce company saw growth in payment processing and other add-on services, sending shares up nearly 18%.
Elon Musk Tells Advertisers Twitter Won’t Become “Free-For-All Hellscape”
The deal’s not closed yet but Musk is making move to assuage Twitter’s clients
Apple Pauses Gambling, Other Ads on App Pages After Criticism
The move comes after online backlash from developers who said the ads on their app pages were hurting their brands.
Mobileye Rises 38% in First Day of Trading
The debut is the first major tech offering this year, a period marked by rising interest rates and falling stock prices.
Meta Platforms’ Q3 Revenue Drops 4%
The company said it anticipates losses for its Reality Labs department will go up next year.
Microsoft’s GitHub Service Hits $1 Billion in Customer Commitments
Microsoft's decision to plunk down more than $7 billion to acquire the top code-sharing service for open-source software developers appears to be paying off.
Musk Becomes ‘Chief Twit’ and Carries Sink Into Twitter HQ
Musk's jokes suggest he is preparing to take control of Twitter as scheduled on Friday.
Andreessen Horowitz’s Flagship Crypto Fund is Down 40%
Andreessen Horowitz's crypto gamble isn't paying off.
Mobileye Prices IPO Above Range, Valuation Still Far Below Initial Target
The company is one of few to proceed with a public listing amidst the stock market downturn.
Alphabet Posts 6% Revenue Growth as Ad Downturn Worsens
Alphabet CEO Sundar Pichai warned of further hiring reductions in Q4 as the company adapts to a more challenging economic environment.
Microsoft’s 11% Revenue Growth is Slowest in Five Years
Growth in the company’s Azure cloud-server and software business continued to slow and declines in the sale of its Windows operating system worsened.
Elon Musk Tells Banks He Will Close Twitter Deal on Friday
Musk must close the $44 billion acquisition by Friday or go to court.
Amazon Adds Option For Shoppers To Pay with Venmo
Amazon shoppers can now pay for items with Venmo, as the e-commerce giant looks to boost sales by providing another popular payment option on its site.
WhatsApp Back to Normal Service After Temporary Global Outage
Users around the world reported problems sending messages Tuesday but the app's owner Meta Platforms says the issue has now been fixed.
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.
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