OpenSea Lays Off 50% of Staff
NFT trading volume on OpenSea has plummeted 99% since January 2022.
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Recent Editions
FTC Looking Closely at Tech Companies’ AI, Cloud Deals, Says Khan
Khan made the remarks during a trip to the San Francisco Bay Area, where she planned to meet with startup founders.
Sam Bankman-Fried Convicted on All Counts
A federal jury found the former FTX CEO guilty on seven counts of defrauding customers and investors.
Apple Revenue Falls, Despite 16% Services Growth
Investors still aren't punishing the iPhone maker for its revenue growth challenges.
BuzzFeed Q3 Revenue Dropped 29%
BuzzFeed's revenue through the first nine months of 2023 is down by more than a quarter as the company seeks to sell its Complex Networks assets.
Paramount Reduces Streaming Losses in Q3
Paramount+, its flagship service, added 2.7 million net new subscribers during the third quarter, ending with a total of more than 63 million globally.
Uber and Lyft’s Driver Costs to Rise in New York
Investors shrugged off the companies' settlement with New York's attorney general.
Amazon’s Pricing, ‘Buy Box’ Secrets Detailed by FTC
The new details underscore Amazon’s immense power over sellers.
Musk Says Starlink Has Breakeven Cash Flow
Starlink’s satellite internet service is a growing revenue driver for the $150 billion company.
Shares of Analytics Firm Confluent Sink 40% On Poor Revenue Outlook
The results raise questions about whether the enterprise software industry is recovering from customer pullbacks.
Shopify Shares Jump as Logistics U-Turn Pays Off
The company expects its profitability to improve in the current quarter.
Sheryl Sandberg Sets Up ‘Venture Partners’ Firm With Husband Bernthal
The new firm will use the couple's personal money to invest in 'great entrepreneurs.'
Airbnb Says Fourth-Quarter Growth Will Be Slower Than Expected
Airbnb reported revenues of $3.4 billion, up 18% year-over-year, and $1.3 billion of free cash flow, up 37% year-over-year, in the third quarter, typically its biggest quarter of the year due to summer travel.
Disney to Buy Out Comcast From Hulu
The two companies still have to work out the fair value of Hulu, which will determine the price that Disney pays for Comcast's stake.
DoorDash Revenues Rise 27% in Q3
The quarterly results showed that DoorDash's growth rate is slowing down but only slightly.
Roku Benefits From Streaming Price Hikes
Roku generated $912 million in revenue during the third quarter. A portion of that growth is coming from pricier streaming service subscriptions.
Buyout Firm CVC Postpones Potential IPO
The firm, a major investor in professional sports leagues around the world, postponed the listing because of poor market conditions.
Qualcomm’s Q4 Revenues Plunge 24%
Qualcomm, which supplies key components for smartphones, has been hurt by an 18-month long slump in smartphone sales.
Conde Nast to Cut 5% of Workforce
The magazine publisher, which owns The New Yorker, Vogue and other titles, is scaling back on its ambitions to produce movies and TV shows.
Weekday mornings
The Information AM by The Information Staff
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