Apollo Invested $25 Billion During Tariff Turmoil
Private-equity firm has a history of investing in downturns, including in Airbnb and Expedia during pandemic.
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DOJ’s Google Data Sharing Proposal was Based on Google-Yahoo Japan Deal
Google has argued that the Department of Justice’s data sharing proposal would create privacy concerns and make it “unviable” for Google to continue investing in research and development.
Mozilla Says Revenue Would Drop ‘Precipitously’ Without Google Deal
Eighty five percent of Mozilla's revenue last year came from Google.
Temu Asks China-based Merchants to Fulfill Orders On Their Own
The move also marks a sea change to the bargain shopping site’s original model, under which it exercised tight control over merchants, dictating what they can sell and at what prices.
Judge Throws Out Some of Musk’s Claims Against OpenAI
The remaining claims will go to trial next March.
Instacart Revenue Rises on Ad Sales, Order Volume
Orders rise to highest in 10 quarters as shoppers took advantage of free delivery fees.
Airbnb Posts 6% Revenue Growth as Uncertainty Weighs on Travelers
Airbnb's first-quarter revenue growth was its slowest since the start of the 2021.
OpenAI Lawyer Suggests Coalition Opposing Conversion Has Ties to Musk
The coalition denies Musk's involvement.
Reddit Stock Surges on 61% Revenue Growth
Growth in Revenue and Daily Active Unique Visitors Slowed from the Prior Quarter
Trump’s Stablecoin Used in Abu Dhabi’s $2 Billion Binance Deal
Trump family business stands to benefit from interest income generated from Trump stablecoin.
Apple Posts 5% Higher Revenues as iPhone Sales Rise Slightly
Apple's services revenue rose 12% in the quarter.
Amazon Reports Steady First Quarter Results, Including 9% Sales Growth
The company also added new language to the financial guidance section of its earnings release, noting that “tariff and trade policies” could materially affect its performance.
Roku Buys Live TV Subscription Streaming Service
Roku is aiming to grow the part of its business where it generates revenue from subscriptions purchased by users from their Roku accounts.
Microsoft Prepares to Host xAI’s Grok Model on Azure
Meanwhile, Microsoft AI developers have been testing out ways to swap out OpenAI’s models in its Copilot chatbot for xAI models in recent months.
Microsoft Raises Xbox Prices 20% as Tariffs Drive Up Cost of Development
Microsoft said the increases are are due to “market conditions and the rising cost of development."
Tesla Chair Denies Report on Plans to Look for New CEO
The board contacted several executive search firms about possibly replacing the Tesla CEO.
Judge Blasts Apple For Violating Antitrust Ruling
The ruling was the latest twist in the longrunning Epic Games lawsuit against Apple over its App Store policies.
Exclusive: Glean Nears $7 Billion Valuation in Wellington-Led Round
The deal would indicate investors are still willing to pay high prices for fast-growing artificial intelligence startups despite stock volatility that threatened to cool dealmaking.
Glean Nears $7 Billion Valuation in Wellington-Led Round
The deal would indicate investors are still willing to pay high prices for fast-growing artificial intelligence startups despite stock volatility that threatened to cool dealmaking.
Amazon to Open Dozens of Warehouses in Rural Expansion
The announcement comes one day after United Parcel Service said it planned to lay off 20,000 employees and close 73 facilities as it handles fewer Amazon packages.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
By providing your email, you agree to The Information’s Privacy Policy