Warner Bros Discovery is shutting down its nascent CNN+ streaming service at the end of April, a month after it launched, CNN said. The shuttering comes two weeks after CNN’s parent WarnerMedia was swallowed up by Discovery in a merger creating the new Warner Bros. Discovery. The new company has targeted $3 billion in cost savings. News of the closure came the same day as WarnerMedia’s former...
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SEC Probes Whether SoftBank-Backed Messaging App Misled Investors
The Securities and Exchange Commission has been investigating whether SoftBank-backed messaging app IRL violated securities laws, including in the way the startup described its business performance during talks with investors, according to people with knowledge of the situation. The SEC investigation began after The Information reported in May that some IRL employees had expressed concern to...
Plaid Cuts 20% of Staff After Growth Falls Short
U.S. National Security Deal on TikTok Held Up on Security Concerns
Pinterest Adds Elliott Management Executive to its Board
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Microsoft Eyes ‘Super App’ to Break Apple and Google’s Hold on Mobile Search
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