Calm Inks Deals With UnitedHealth
The startup had previously disclosed plans to lure strategic partners with cheap stock.
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Silver Lake, GIC to Take Software Firm Zuora Private for $1.7 Billion
The deal is the latest in a string of software deals by Silver Lake this year.
Amazon Debuts New Type of Grocery Store Next to Whole Foods
The store, branded Amazon Grocery, offers products that aren’t sold in Whole Foods, which bars ingredients like artificial sweeteners and color additives.
Meta Reorganizes and Lays Off Staff on Several Teams
Separately, Meta also fired employees for violating policies around meal credits, according to posts on the anonymous forum Blind.
Stripe in Talks to Buy Crypto Startup Bridge for $1 Billion
Deal, which could still fall apart, would represent Stripe’s deepening support for crypto payments for merchants.
Netflix Revenue Up 15%, but Expects Slower Growth Next Year
Netflix said it expects 2024 revenue to be up 15%, but expects a dip next year. It hopes that advertising can boost revenue growth beyond 2025.
Harvard Endowment Posts 9.6% Return in 2024
Harvard Management Company delivered a 9.6% return for its fiscal year ending June 30, 2024
Google Replaces Search and Ads Chief, Moves Gemini Chatbot to AI Group
The moves give AI chief Demis Hassabis more power.
Baidu CEO: Only 1% of AI Companies Will Emerge as Winners
Baidu, China's biggest search provider, is competing with other tech giants and startups in the country's crowded AI race.
TSMC Lifts Profits 54% on AI Demand
TSMC CEO C.C. Wei cited “one of my key customers” saying demand for AI chips “right now is insane.”
Semiconductor Gear Maker ASML’s Stock Selloff Deepens
Lower-than-expected bookings in the third quarter and a conservative 2025 forecast caused the company’s stock to fall for the second day in a row.
Stripe In Talks to Buy Stablecoin Infrastructure Company
Founded in 2022, Bridge helps companies convert dollars or euros into blockchain-based stablecoins.
Uber Consulted Advisers About Possible Bid For Expedia
Uber has mulled acquiring the travel booking website that its CEO, Dara Khosrowshahi, once led, according to a new report.
Founders Fund to Back Data Center Startup Crusoe Energy
Data center startup Crusoe Energy is raising equity financing from existing investors.
Morgan Stanley Joins Investment Banking Rebound
Wall Street is enjoying a healthier environment for dealmaking and trading.
Amazon Invests in New Nuclear Projects
X-energy, a nuclear developer, said Amazon was an anchor investor in a $500 million fundraising round that also included Citadel’s Ken Griffin and Ares Management.
Trump Says He Won’t Break Up Google
Trump indicated he didn't want to weaken Google given competition the U.S. faces from China.
Bob Lee Murder Trial Begins
The courtroom drama could reignite the debate over crime in San Francisco.
Meta’s Head of People to Depart
Lori Goler will depart Meta next summer, she said in a post on Facebook. Janelle Gale, Meta’s head of human resources, will take over Goler’s role in January.
Stripe Uses Paxos’ Service to Add Crypto Payments for Merchants
Paxos launched a new payments platform to make it easier for merchants to accept stablecoin payments.
Weekday mornings
The Information AM by The Information Staff
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