Verizon Seeks Sale of Media Assets
A deal could fetch around $4-$5 billion, around half of what the company paid for Yahoo and AOL.
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Facebook Revenue Grows 48% as Ad Prices Increase
Ad revenue growth is expected to “be primarily driven by price” for the rest of the year.
HBO Max to Cost $9.99 With Ads
The new tier will make the service the most expensive ad supported offering on the market.
Shopify Doubles Revenue in Q1
The Canadian e-commerce software platform had another strong quarter and its results were also boosted by an unrealized gain on its stake in Affirm, which went public in the quarter.
Discovery Reports Lower Profit as Cable TV Declines
The results suggested that growth in Discovery's new streaming service slowed sharply in March, the third month since its U.S. launch.
Spotify Sees Revenue Opportunity in Live Audio
The company sees live audio as a key feature as it seeks to transition from music streaming to an audio platform.
Family of Late Samsung Chairman Discloses Plan to Pay Massive Tax Bill
The news is the latest twist in the saga of Samsung, which has been roiled after its heir was sentenced to a 30-month jail sentence for bribery.
Beijing Investigates Ant Group’s IPO Approval Process
The probe shows the Chinese government's crackdown on Ant, controlled by Alibaba founder Jack Ma, is far from finished.
Games Publisher Nexon Buys $100 Million in Bitcoin
The games publisher Nexon said it has bought about $100 million in bitcoin using its $5 billion in cash and cash-equivalents.
Microsoft Sales Jump 19% in Q3, But Stock Drops
Azure, Xbox and Surface products and services sold well during the quarter, but investors apparently were looking for even better results from Microsoft.
Alphabet Profit Surges; Cloud Unit Pares Loss
The Google parent reported gains from a rebound in digital advertising and equity investments.
Pinterest Reports 78% Revenue Growth But Warns U.S. User Growth Will Slow
Pinterest's user growth accelerated sharply as the pandemic took off last year and remained accelerated all year. In the first quarter it slowed.
Mark Zuckerberg Announces Plans for Creator Shops
Facebook is devoting more attention to the growing creator economy.
NBCU Taps Hulu Executive
Jim Denney will oversee the product and strategy for all of NBCU's digital apps.
Apple Reportedly Set to Face EU Antitrust Charges Over Spotify Complaint
Apple’s global antitrust problems also include a high-profile trial against Epic Games that’s set to start next week.
Senators Press Facebook, Twitter, and YouTube on Harmful Algorithms
Policy representatives from the social media companies defended their efforts to control misinformation.
Murdoch Abandons Plan for Fox News Service in UK
News Corp faced competition in the UK market for a conservative news channel, as a rival organization called GB News is starting a new opinion-led TV channel in the coming months.
Jack Ma’s Ant Group Could See Its Value Tumble to $29 Billion
The Bloomberg estimates represents a big drop from Ant Group's last round of private financing when it was valued at $150 billion.
Google’s Latest Cloud Deal Includes YouTube, Android Services
Multi-faceted agreements are part of Google Cloud CEO Thomas Kurian's strategy for establishing long-term relationships with customers.
Tesla Books Record $438 Million Profit From Sale of Credits, Bitcoin
Tesla's bet on bitcoin at the start of the year helped it to book a record profit in Q1.
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