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Dorsey Keeps Twitter CEO Spot in Truce With Elliott Management

Jack Dorsey will stay on as Twitter’s CEO, fending off a coup attempt by activist investor Elliott Management. But Twitter is bringing three new members onto its board, including Jesse Cohn, the Elliott portfolio manager who led the activist crusade. As part of the deal, Silver Lake will invest $1 billion into Twitter and its co-CEO Egon Durban will also join the board. Twitter said it will...

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Revenue Soars at Alphabet’s Verily as It Inches Toward Independence
Illustration via Shutterstock.
Verily, an Alphabet unit applying data analytics to healthcare, continues to post heavy losses but may be moving closer to gaining independence from Google’s parent company, according to previously undisclosed financial information. Revenue at Verily more than doubled in the first nine months of last year to $470 million from $228 million in the same period of 2021, making it by far the...
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TikTok Meets Republican Lawmaker to Discuss Data Security Plans
Coatue General Partner David Cahn Departs for Sequoia Capital
Tiger Global Reportedly Lowers Fundraising Target
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Illustration via Shutterstock.
Exclusive google
Revenue Soars at Alphabet’s Verily as It Inches Toward Independence
Verily, an Alphabet unit applying data analytics to healthcare, continues to post heavy losses but may be moving closer to gaining independence from Google’s parent company, according to previously undisclosed financial information.
Photo by Bloomberg
The Briefing markets facebook
Meta Declares ‘Year of Efficiency’ as Revenue Stagnates
We’re in the middle of Chinese New Year celebrations at the start of the Year of the Rabbit. At Meta Platforms, though, it’s the “year of efficiency,” as CEO Mark Zuckerberg declared Wednesday on announcing fourth-quarter results.
Cameo co-founders Steven Galanis, Devon Townsend, Martin Blencowe, from left to right. Photo by Michael Kovac/Getty Images
Creator Economy startups crypto
Cameo and Rally Shutter NFT Products, #Paid Conducts Layoffs
I’m kicking off today’s newsletter with some news: Creator services from Rally to Cameo are ditching crypto features that generated lots of buzz during the pandemic.
Stripe CEO Patrick Collison. Photo by Bloomberg.
Crypto Global crypto
Stripe’s Ill-Timed Crypto Re-Entry; SBF Needs to Stay Off Signal
My colleagues have been busy covering the latest at payments giant Stripe , which is in talks with existing investors that include Joshua Kushner ’s Thrive Capital to raise $3 billion.
Photo by Bloomberg.
e-commerce amazon
Amazon’s No-Fly Zone: Drone Delivery Largely Grounded Despite Splashy Launch
Amazon in December announced with great fanfare that, after nearly a decade of work, it had finally launched drone delivery in the U.S., in two towns in California and Texas.
Exclusive entertainment
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.