Meta Adds Hock Tan and John Arnold to Board
Meta’s board now has 11 members, though former chief operating officer Sheryl Sandberg plans to step down at Meta’s annual shareholder meeting in May.
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Recent Editions
Musk and Tesla to Appeal Delaware Ruling on $56 Billion Pay
Their intention to appeal was mentioned in a letter filed Tuesday by the plaintiff’s lawyers.
Amazon’s Prime Bundle, Delivery Policies Squash Competition, Mexican Regulator Says
The preliminary order also targeted Mercado Libre, a $87 billion e-commerce firm focused on Latin America that offers its own Prime-like subscription service.
Bret Taylor Unveils AI Agent Startup, Sierra
The details come less than a month after the company was reportedly valued at $1 billion in a financing.
Coca-Cola Among Suitors to Buy Healthy Soda Maker Poppi
Poppi is one of several startups aiming to shake up the beverage industry.
Uber Unveils $7 Billion Stock Buyback Plan
Uber expects to generate more than $3 billion in free cash flow annually, financing the stock buyback.
Meta’s Zuckerberg Says Quest 3 Headset Is Better Than Apple Vision Pro
The comments were his first volley against Apple’s $3,500 device, which debuted to mixed reviews due to its lack of comfort but breakthrough user experience.
Instacart to Cut 250 Jobs, Says Three Top Execs Resign
The company said the move should improve "operational efficiencies."
Lyft Posts Free Cash Flow in Q4
Lyft's new CEO promises to achieve profitable growth but growth remains a question mark.
Airbnb Forecasts Higher Revenue as it Expands Internationally
The rental site said it's seeing growth in cross-border travel.
Robinhood Transaction Revenue Grows, Shares Rise
The company posted its highest quarterly net income since 2020.
Walmart in Talks to Acquire TV Maker Vizio for More Than $2 Billion
Owning Vizio could give Walmart more advertising inventory and customer data, helping it sell video ads to brands that already offer their goods in its stores and e-commerce marketplace.
Judge Dismisses Some Claims in Sarah Silverman Versus OpenAI
Silverman's case is one of many brought against OpenAI and its rivals in recent months.
Shopify Forecasts Higher Expenses As Marketing Ramps Up
The e-commerce giant had previously touted how improvements like AI had helped cut expenses.
Paramount Global Lays Off 800 People
Paramount Global is grappling with a shrinking cable TV sector and streaming losses.
Founders Fund Realized $1.8 Billion Gain From Crypto Before Crash, Bought More Last Year
The VC fund has reportedly made a killing from cryptocurrencies
Temu Airs Super Bowl Ads For Second Year In a Row
The e-commerce upstart planned $10 million in giveaways for shoppers as part of its marketing blitz.
Jeff Bezos Sells $2 Billion in Amazon Stock
Earlier in February, Amazon said in a securities filing that Bezos could sell up to 50 million shares, or about 5% of his total Amazon stake, over the next 12 months.
Wish, Discount Site Once Valued at $14 Billion, Sold for $173 Million
Wish, which went public in 2020, presaged a newer wave of deeper-pocketed competitors like Temu and Shein.
Apple Settles with Chip Startup It Accused of Stealing Trade Secrets
The settlement is likely good for chip startup Rivos, which could have faced potential damages and been forced to pay Apple a royalty for its chip designs.
Weekday mornings
The Information AM by The Information Staff
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