SoftBank Swings to Profit on Vision Fund’s Investment Gains
SoftBank, which last year wrote down its earlier bet on WeWork, is now positioning U.K. chip designer Arm as the centerpiece of its investment portfolio.
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ByteDance’s CEO of China Business Steps Down
The latest change makes the TikTok owner's leadership structure for its domestic operations in China simpler and more centralized.
Amazon Discussed Marketplace Changes Amid Temu, Shein Threat
Temu, which has seen scorching growth since its launch in late 2022, offers rock bottom prices but slower shipping times than Amazon.
Another Amazon Flex Driver Shot and Killed During Delivery
Since the beginning of 2022, at least five other Flex drivers have been shot while on the job, according to an investigation by The Information.
Disney Takes $1.5 Billion Stake in ‘Fortnite’ Maker Epic Games
Disney said it will partner with Epic Games to create new games based on Disney franchises including Marvel, Star Wars, Pixar and Avatar.
Disney’s Traditional TV Business Continues to Shrink as It Reduces Streaming Losses
Disney CEO Bob Iger, during the company's earnings call, said the full-streaming version of ESPN will launch in the fall of 2025.
Target Weighs Paid Membership To Compete With Amazon, Walmart
The new program could involve Shipt, the same-day delivery startup Target acquired in 2017.
Uber Posts Third Quarterly Profit as Ridehailing Revenue Soars
Uber's ridehailing and delivery businesses continue to grow, but its freight business is in decline.
New York Times Reports Subscription Growth While Advertising Falls
The results demonstrate how the digital media sector is becoming much more reliant on subscriptions, as advertising for all but the biggest companies steadily declines.
Alibaba Boosts Share Buyback Program by $25 Billion
The Chinese e-commerce giant is grappling with slow growth in China amid tough competition from domestic rivals like PDD and ByteDance.
Meta to Label AI-Generated Images
The labels will apply to images made using tools from Google, Microsoft, Adobe, OpenAI, Midjourney and Shutterstock as those companies add invisible markers to AI-generated images.
ESPN, Fox and Warner Bros. Discovery Form New Sports Streaming Joint Venture
ESPN, Fox and Warner Bros. Discovery will each own a third of the new venture, which will have its own CEO and management team.
Spanx Names New CEO, Executive Chair
The shapewear brand sold a majority stake to Blackstone in late 2021.
Apple’s TV Service Becomes More Important to Company
Apple has stopped mentioning the App Store as a driver of growth in its services segment.
YouTube TV Passes 8 Million Subscribers
YouTube CEO Neal Mohan also said that globally YouTube viewers are watching YouTube on TV screens for more than 1 billion hours, on average, every day.
Spotify Reports Higher Free Cash Flow After Cost-Cutting
The company said the number of premium subscribers—those who pay for an ad-free version of the service—rose 15% to 236 million.
DocuSign Cuts 6% of Workforce After Sale Talks Stall
The layoffs are the third round of job cuts undertaken by DocuSign in the past couple of years, reflecting a sharp slowdown in growth experienced by the company.
China Plans to Make 5 Nanometer Chips In Defiance of U.S. Sanctions
New production lines at China's Semiconductor Manufacturing International Corp. indicates the country’s chipmaking skills are progressing despite U.S. curbs.
Sequoia Capital’s Evergreen Fund Assets Climb to $17 Billion
Sequoia's evergreen fund now manages $17.8 billion in assets.
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