Amazon’s Ad Growth Driven Mostly by Search, Not Video
Ads at the “top of the funnel”—those that build broad awareness of a brand, such as television commercials—had been “slowing down this year," Amazon's CFO said.
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Amazon Has So-So Quarter But Advertising Shines
Amazon's ad business grew 26% in the quarter, the fastest it has expanded in a year, while AWS' growth rate was 12%, in line with the second quarter.
Microsoft Chief Marketing Officer Capossela Departs
Capossela worked at Microsoft for 32 years.
SoftBank Vision Fund Pulls Back From China as Two Partners Change Roles
SoftBank was previously one of the most important investors in the country.
NBCU’s Peacock Adds 4 Million Subscribers While Losses Fall Slightly
Peacock now has 28 million subscribers. It also lost $656 million on revenue of $830 million.
Intel Expands AI Software Business
The company plans to announce the initiative in the coming months.
Silver Lake Looks to Take Hollywood Talent Giant Endeavor Private
Silver Lake has a 71% of voting stake in Endeavor, which owns agencies WME and IMG and controls the company that runs UFC and WWE.
Morgan Stanley Chooses Ted Pick to Succeed James Gorman as CEO
Pick, who won a three-horse race to be the next CEO, will take over Jan. 1.
Live Shopping Startup Supergreat to Close; Whatnot Hires Staff
Whatnot, a live-shopping startup, is hiring most of the staff of Supergreat, a beauty-focused livestreaming and shopping app, which will shut down in December.
UPS Will Acquire Happy Returns From PayPal
The deal will expand the companies’ existing e-commerce returns partnership.
Meta’s Q3 Revenue Rises 23% in Return to Healthy Growth Rate
Meta's operating profit margin doubled, showing the impact of cost-cutting and surging revenue.
ServiceNow Lifts Revenue 25%
The revenue growth rate was broadly in line with the past few quarters, suggesting ServiceNow hasn’t been as affected by pullbacks in spending on software by companies as other firms.
Apple Raises Prices for Apple TV+, Other Subscription Services
Apple TV+ will now cost $9.99 per month, a $3 increase as other streaming giants also hike prices.
Amazon Launches AI Ads Tool for Sellers
The new AI tool is the latest example of how Amazon is trying to sell brands on its less popular ad formats.
BlockFi Emerges From Chapter 11 Bankruptcy
Users of BlockFi’s wallet product can begin withdrawing assets and the firm expects to repay other customers in the coming months.
Twitter Alternative Pebble, Formerly T2, Shuts Down
Pebble is the first of the Twitter clones that sprung up in the wake of Elon Musk's takeover to officially shutter.
Microsoft Revenue Rises 13% as AI Sales Accelerate Azure Cloud Growth
CEO Satya Nadella attributed the company’s growth to its new artificial intelligence products.
Snap Revenue Back in Green; COO to Retire
The social media company said its internal forecasts assume year-over-year revenue growth of at least 2%.
Cruise Halts Driverless Vehicles in San Francisco
California suspended Cruise’s testing permitted on Tuesday following an October accident.
Google Revenue Accelerates But Stock Drops as AI Fails to Boost Cloud Sales
Overall revenue rose 11% in the third quarter compared to the same period a year ago, an improvement from 3% and 7% in the first two quarters of 2023.
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