Amazon, Sony Invest in Latest Round by Superplastic
The collectibles creator has raised a $24 million round as it preps its first streaming show.
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Musk Sells More Tesla Stock
Musk tweeted late on Thursday that his selling was done, sending Tesla stock up 5.4% on Friday.
Beijing Seeks to Reassure Tech Giants
Officials will meet with the heads of China’s tech giants as Covid slows the economy
Epic Games Fights to Keep Bandcamp in Google Play Store
It’s the latest move in the long-running antitrust fight against the power of Google and Apple’s app stores.
China’s Covid-19 Lockdowns to Hit Apple
Chip shortages, and recent Covid-19 lockdowns at Apple’s Chinese factories, will squeeze the June quarter, the iPhone maker said.
Intel Still Struggling with Manufacturing Costs
The company’s gross margins will get worse before they get better.
Amazon Has ‘Too Much Space’ After Costly Logistics Expansion As Sales Slow: CFO
Amazon may have gotten too big too fast, CFO Brian Olsavsky said on a call with reporters Thursday.
Robinhood Revenue Slumps 43%, Users Drop
Shares of the company have fallen 74% from its July IPO price as of market close on Thursday. Robinhood stock tumbled another 11% in after-hours trading after the company reported results.
Netflix Lays Off Staff of Tudum Marketing Site
The layoffs come just days after the company reported its first decline in subscribers in more than a decade.
NSA Picks AWS for $10 Billion Cloud Contract Despite Microsoft Protest
The National Security Agency has once again chosen AWS for a major cloud deal after initially doing so last July, in a major win for the cloud giant.
Snap Releases Pixy, a Companion Camera Drone for Snapchat Users
The drone, which retails for $229, is available in the U.S. and France.
Comcast’s Peacock Reports Solid Growth in Paid Subscribers
The company expects slower growth for the streaming service this quarter.
Twitter Blames Ukraine War For Revenue Growth Shortfall in Q1
Twitter’s daily active users rose 15.9% to 229 million compared to a year earlier, a slight uptick on the rate of user growth of the past few quarters.
Europe to Accuse Apple of Breaking Antitrust Laws With Apple Pay
Investigators have been looking into whether Apple Pay’s closed system using its NFC chip—which allows iPhone users to tap to pay—has frozen out rivals.
Investment into China Tech Drops Dramatically
Quarterly investment in China tech collapsed to just $3.51 billion versus $15 billion , according to a Chinese government affiliated think tank.
SoftBank, Arm Take Steps to Regain Control of Arm’s China Business
SoftBank and Arm are trying to push out Arm China CEO who has refused to leave even after the Chinese joint venture's board decided to fire him in 2020.
Cathie Wood and Mike Novogratz Tout Fidelity and Foresee SEC Approvals
The two executives of asset management companies said that other brokerages are likely to follow Fidelity's 401(k) bitcoin decision.
Google Looks to Revamp DC Image
The search giant is reportedly using Microsoft as a new model for its lobbying efforts.
Pinterest Narrows Loss, Reports 18% Jump in Revenue
The digital scrapbooking service arrested the sequential decline in monthly users that it saw throughout most of 2021.
Meta Platforms Reports Slowing Revenue Growth in Q1
The company’s stock jumped more than 17% in after-hours trading.
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