Meta’s Stock Plunges More than 26%
The sharp fall wiped more than $250 billion off the company’s market value.
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Recent Editions
Pinterest Revenue Jump Sends Stock Soaring; U.S. Users Drop Again
Pinterest’s fourth-quarter revenue rose 20% year-over-year, but U.S. monthly users declined for a third straight quarter.
Microsoft’s Next-Gen HoloLens Plans Have Reportedly Been Scrapped
Sources close to the headset’s division describe uncertainty and a pivot to making Microsoft’s mixed reality ambitions “financially sound.”
Former Google Cloud VP Joins AI Startup DataRobot
Debanjan Saha, who managed Google Cloud's BigQuery data warehousing business and previously worked at AWS and IBM, has decided to jump to a startup.
Quest Users Have Spent Over $1 Billion on VR Content, Meta Announces
Meta also announced plans to release a mobile version of its Horizon Worlds VR app later in 2022.
Spotify CEO Addresses Rogan Controversy
Daniel Ek admitted that the company should have published its trust and safety guidelines for creators sooner.
Meta Platforms’ Shares Fall After Q4 Earnings Announcement
The earnings announcement marks the first time that Meta has broken out its financial results as two separate segments.
Biden Administration Considers Rule Change to Address Potential TikTok Risks
The proposed rule would expand government oversight of foreign-owned apps
Zucker Abruptly Resigns from CNN
His departure comes just weeks before Discovery is supposed to close its acquisition of CNN parent WarnerMedia.
Alphabet Flags Data Privacy Crackdown, Sustainability Standards as New Challenges
The Google parent highlighted new data privacy, environmental and human capital-related laws and policies among the business risks it faces
Uber Partners With FastAF To Expand Into Instant Delivery
The deal shows how Uber, which also partnered with Gopuff last year, is responding to the rise of instant delivery firms.
Pinterest Loses More Top Executives, Including Chief Revenue Officer
The company has lost at least nine senior executives in recent weeks.
Cruise Unlocks $1.35 Billion Funding From SoftBank, Creeps Toward Robotaxi Service
Self-driving taxis are making progress, but it's too soon to get excited.
Alphabet To Split Stock After Strong Fourth Quarter Earnings
Google's strong fourth quarter results suggest consumer spending was strong at the end of 2021
Database Provider MariaDB Going Public Via SPAC Merger
MariaDB's software is compatible with MySQL, a widely-used database that is now part of Oracle, which could give it a boost as a public company.
FTC to Review Microsoft’s $69 Billion Activision Deal
The move could be a nod to DOJ antitrust head Jonathan Kanter’s past work with Microsoft.
Meta-backed Diem Association Confirms Asset Sale
The sale marks the end of Meta's beleaguered cryptocurrency project.
The New York Times Is Buying Hit Viral Game Wordle
The company paid creator Josh Wardle a price in the “low seven figures.”
Legendary Entertainment Sells Stake to Apollo for $760 Million
The deal comes as Hollywood studios try to cash in on the growing demand for producers of streaming content.
Coinbase Adds Shopify CEO to Board
Shopify CEO Tobias Lütke will advise Coinbase executives as the cryptocurrency exchange platform expands internationally and develops new products.
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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