Meta Plans to Sell At Least $25 Billion of Bonds
Meta has received orders for about $125 billion for the sale.
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Travel Software Firm Navan Falls on Opening Day of Trading
It’s the largest company to go through with a public listing during the government shutdown.
SpaceX Says It’s Considering Changes to Moon Mission Plan After NASA Chief’s Criticism
SpaceX has suffered from delays to its Starship launch vehicle that acting NASA administrator Sean Duffy said prompted the agency to open up bids to rivals.
Core Scientific Investors Vote Down $9 Billion Sale to CoreWeave
The deal would have given CoreWeave data centers consuming 1.3 gigawatts of power, allowing it to own the facilities housing its chips.
China’s Tencent Invests in AI Agent Genspark
Tencent is also an investor in Manus, an AI agent that competes with Genspark.
YouTube Announces Voluntary Buyouts for Employees
Mohan also announced a reorganization that combines YouTube’s product teams into three umbrella organizations.
Meta Shares Sink on 32% Growth in Costs
Meta said it expected “notably larger” dollar growth in capital expenditures and "significantly faster" percentage growth in total expenses next year.
Microsoft Revenue Growth Stays Flat in Third Quarter Despite Cloud Boost From OpenAI
Microsoft’s capital expenditures rose as it continues to spend heavily on data centers, but gross margins stayed flat.
Google Cloud Boosted Alphabet Revenue Growth, Profits in Third Quarter
The company also said its Gemini chatbot growth was surging.
Troubled Sheertex Tights Maker Weighs Potential Sale, CEO Steps Down
Founder Katherine Homuth left the company earlier this year as part of a deal to secure lifeline financing for the company.
Morgan Stanley Buys EquityZen To Extend Reach to Private Markets
The deal reflects the increasing appetite of Wall Street to invest in privately held companies.
Nvidia’s Market Capitalization Passes $5 Trillion
Nvidia is $1 trillion more valuable than the next-most valuable company, Microsoft.
Bending Spoons to Buy AOL
Bending Spoons CEO Luca Ferrari said AOL generates revenue both from advertising and subscriptions.
Exclusive: Nvidia-Backed Data Center Power-Management Startup Raises $18 Million
Utilities have been cautious to approve data center connections to the power grid.
Payments Firm Fiserv’s Stock Collapses 45% After 2025 Outlook Slashed
Fiserv CEO said the original growth assumptions were too optimistic.
Etsy Replaces CEO As It Continues Push To Revive Growth
Longtime executive Kruti Patel Goyal previously ran Depop, a much faster-growing piece of Etsy’s business.
Cursor Co-Founder Departs
In only three years, Anysphere has become one the hottest AI startups around.
Musk Suit Against OpenAI Can Proceed Despite Restructuring
State attorneys general already approved the restructuring, which could be hard to reverse.
Uber and Nvidia Target 100,000 Self-Driving Cars
Car companies said they plan to use Nvidia’s new self-driving technology.
Nvidia Has Received More Than $500 Billion in Orders Through 2026
Nvidia also announced technology for simulating factories and quantum computing, and a $1 billion investment in Nokia.
Weekday mornings
The Information AM by The Information Staff
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