Disney Reports Streaming Subscriber Growth
Disney gave up $1 billion in revenue by terminating early a film licensing agreement with another company so it could use the content on its own services.
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Apple TV+ Film Marketing Head Departs
The departure comes as the streaming service has started to have some notable success.
Google Reveals Maps, Privacy, AI Improvements at IO Conference
More immersive Google Maps, AI-powered studio quality lighting and better privacy tools were among the announcements at Google's I/O developer conference.
Shopify Executives Say They’re Personally Buying The Company’s Beaten Down Stock
Shopify founder and CEO Tobi Lutke says he's recently placed an order to buy $10 million of stock.
AI Startup DataRobot Lays Off 7% in Cost-Cutting Move
DataRobot has struggled with revenue growth and internal turmoil, and now it is laying off staff after aggressively hiring last year.
Musk Says Would Reverse Twitter Ban on Trump
The billionaire said it was “morally wrong” to have banned the former president.
SoftBank Likely to Suffer Big Quarterly Loss From Stakes in Tech Firms
The global stock market turmoil has dealt a severe blow to the world's largest tech investment firm.
JPMorgan Reports on “Uninvestable” China Tech Stocks Were Published in Error
The JPMorgan analyst reports, published in March, helped fuel more selloffs of Chinese internet stocks.
Allbirds Slashes Full Year Revenue Guidance Amid Slow International Sales
The sneaker seller is moving forward with plan to open more physical stores at the same time it plans to sell its goods through outside retailers.
Coinbase Reports Drop in Revenue, Active Users
Shares of Coinbase ended down 13% ahead of its first quarter results, bringing the stock to an all-time low closing price of $73. Shares tumbled an additional 15% in after-market trading.
Roblox Shares Fall as Platform’s Covid Boost Continues to Fade
The gaming and metaverse trend-setter saw revenue rise while bookings, which capture spending on Roblox’s digital currency, fell.
DOJ Antitrust Chief Kanter Barred From Working on Google Cases
Kanter previously represented Google opponents in private practice.
Shopify Unveils Push Into Digital Advertising
Shopify has finally unveiled plans for a digital ads tool. The move comes as the company's shares have been battered amid an e-commerce slowdown.
Peloton May Sell its Bikes Through Other Retailers as Sales Plunge
Peloton follows sneaker seller Allbirds in a move that counters the original direct-to-consumer brand strategy.
Peloton Revenue Drops 24% in March Quarter
Peloton CEO Barry McCarthy said the company was "thinly capitalized."
Tencent’s Riot Games Sues Gaming Studio Owned by ByteDance
Riot Games alleged that Shanghai Moonton Technology copied its "League of Legends: Wild Rift.”
Tesla Shanghai Plant Slows Production on Covid Curbs
Tesla was only making 200 vehicles a day due to issues securing components as China’s draconian Covid lockdown wreaks havoc on supply chains.
Uber to Cut Marketing and Hiring Costs, Focus on Cash Flow
“Market size is irrelevant if it doesn’t translate into profit,” Uber CEO Dara Khosrowshahi reportedly said in an email to employees.
Match Sues Google Over App Store Practices
Match said Google's app marketplace dominance harms developers and keeps them from reaching more consumers
Galaxy Digital’s Novogratz Says More ‘Difficult’ Quarters to Come for Crypto
Robinhood and Block have also been hit by the downturn in digital assets, setting bleak expectations for Coinbase earnings Tuesday.
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