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Shares in Intel fell despite posting a strong first quarter after it warned that it would pull its forecast for 2020 because of too much uncertainty caused by the impact of Covid-19. The semiconductor maker said revenue in the first quarter grew 23% amid a surge in buying as employees bought personal computers to work from home and companies bought more servers to handle the extra capacity...

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Netflix Tells Advertisers Sign-Ups to Ad Tier Doubled in January
Netflix is making progress in its plunge into advertising—slowly. The streaming firm told advertisers in the past 10 days that new sign-ups for the tier with ads had doubled in January over December, a sign that low-cost offering was catching on with subscribers, ad executives say. Netflix didn’t tell advertisers how many sign-ups that amounted to. But last fall, when it was first...
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Intel Cuts Salaries Amid Grim Outlook
AMD Forecasts Sales Slowdown Due to Weak PC Demand
Snap Warns Revenue Could Fall 10% This Quarter
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Photo: Bloomberg
Creator Economy
Meta’s Resistance to Sharing Ad Sales Starts to Crumble
For at least a year, one question has hung over Meta Platforms -owned Facebook and Instagram : whether the apps will introduce a way to share a cut of ad revenues with more creators, similar to how YouTube pays video-makers.
Snap CEO Evan Spiegel. Photo by Getty Images.
The Briefing markets amazon
Snap’s Spaghetti Strategy Is Cause for Concern
Snap’s abysmal financial forecast for the current quarter continued the company’s string of rough news.
Art by Shane Burke. Photo by Bloomberg
Exclusive
Musk Leaves Twitter Staff Without Equity Plan as Deadline Looms
Shortly after Elon Musk bought Twitter last fall, he promised Twitter staff that they could look forward to the kind of stock rewards employees at SpaceX—another private company Musk runs—enjoy.
Illustration by Getty Images.
Opinion venture capital
The Relationship Model Is Killing Venture Capital
The social and racial homogeneity of the venture capital industry has long been a source of frustration for entrepreneurs and investors alike.
Illustration by Josh Brill
Exclusive entertainment facebook
Meta Insiders Debate Key Issue for Reels: Whether to Share Ad Dollars With Creators
When Wall Street analysts dial into an earnings call tomorrow with Mark Zuckerberg, they’re likely to pepper the Meta Platforms CEO with different versions of a favorite question: What’s the latest on making money from Reels, Meta’s answer to TikTok?
Stripe CEO Patrick Collison. Photo: Bloomberg.
startups
Stripe in Talks to Raise Up to $3 Billion From Current Investors
Less than a week after telling employees that it would evaluate a public offering over the next year, payments giant Stripe is moving quickly on a deal to raise as much as $3 billion from its existing investors.