Sales Fall on China’s Biggest E-Commerce Shopping Festival
The country’s annual online shopping feast has been a key gauge of consumer sentiment
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Meta, Tencent Sign Preliminary Deal to Sell Quest Headset in China
The deal would be the first time Meta has been able to offer a product or service in China after its services were blocked from the country in 2009.
Apple to Pay $25 Million to Settle Federal Job Discrimination Case
The settlement highlights how tech firms seek to pay lower wages to foreign workers who are less likely to quit due to a dependence on the firms for visas.
Shares of The Trade Desk, an Online Ad Firm, Plunge 30% on Slower Growth
Prior to the report, shares in the company had risen more than 70% this year, giving it a $38 billion market capitalization.
Humane Kicks Off Marketing For AI Pin
Humane's device, due out next week, is likely to be the first of many AI-centered hardware devices.
Coatue, Lightspeed Exit Stability AI’s Board
Stability has also raised an additional $50 million from Intel.
Amazon and Meta Test Advertising Partnership
The partnership asks people to link their Amazon accounts to their social media profiles.
Amazon to Resume Fresh Supermarket Openings in 2024
The move follows a year-long suspension that left built-out but unopened “zombie” stores across the country.
Lyft Reports Higher Revenue But Growth Trails Uber
Lyft continues to burn cash, while its bigger rival Uber is now solidly profitable.
Southeast Asia’s Grab Delivers First Adjusted Operating Profit
Company expects to achieve positive free cash flow next year
SoftBank Group Reports Loss as WeWork’s Collapse Weighs
The Japanese tech investment giant wrote down its stake in WeWork, which filed for bankruptcy protection this week.
Hollywood Actors’ Union Reaches Tentative Deal With Studios to End Strike
If approved by the actors' union's board and members, the deal would end a months-long work stoppage that ground Hollywood to a halt.
Google Lays Off Some User Support Staff
The layoffs affected “a small number of roles on a team of hundreds,” a Google spokesperson said.
Disney Reduces Streaming Losses, Projects Profits Next Year
Disney said it still projects profits from its streaming business by this time next year. It also plans to cut another $2 billion in costs.
Instacart Grocery Order Volume Up 6% in First Earnings Release
The company said it would "opportunistically" buy back up to $500 million shares, signaling that it thinks its stock price is low.
Warby Parker Shares Slide As Margins Shrink, Customer Growth Stalls
The DTC eyewear company boosted its revenue guidance ahead of the holiday season.
Amazon Discounts One Medical for Prime Members by 50%
One Medical now costs 99 per year for people who already pay $139 for Prime.
Nvidia Hires Meta Infrastructure Exec to Run New Cloud Business
Alexis Black Bjorlin will report to Nvidia CEO Jensen Huang and oversee the company's new DGX Cloud business.
Warner Bros. Discovery CEO Hints at Consolidation Moves
Warner Bros. Discovery has emphasized profits in streaming, over subscriber growth, but CEO David Zaslav said this approach positioned the company well for future growth.
Goldman Looks to Get Out of GM Card Partnership
Wall Street bank continues its retreat from consumer products.
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