Amazon said on Wednesday that the company’s board has authorized a $10 billion share buyback plan and a 20-for-1 stock split. The buyback program is notable. Amazon had last authorized a buyback of its own stock in 2016 to the tune of $5 billion, but it hadn’t used any of it until January of this year, securities filings show. The company has now used more than $2 billion of that 2016...
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Microsoft Might Keep Losing in Search and Still Win
Could Microsoft win even if it loses in the next chapter of internet search? That was the question running through my head at an event in Redmond, Wash., earlier today, where Microsoft confirmed reporting from The Information and others when it announced it will remake its Bing search engine using artificial intelligence technology from OpenAI. The new and improved...
Goldman Sachs Asset Management Closes $5.2 Billion Growth Fund
Twitter’s Head of Revenue Strategy & Operations Departs
Meta Beginning Effort to Trim Managerial Ranks
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