Electric Carmaker Fisker Drops Direct To Consumer Sales Model
Fisker has struggled to deliver its cars to customers, which are built in a factory in Austria and shipped to the U.S.
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Recent Editions
Mobileye Stock Plunges on Lower 2024 Revenue Projection
Mobileye said customers held "excess inventory" which would result in revenues falling this year by as much as 12%.
Facebook Introduces Link History Setting on Mobile App
The feature offers an opt-out, but the data is used for targeted ads.
T-Mobile Will Offer Hulu for Free to Some Customers
T-Mobile and its rival Verizon are aggressively cutting deals with streamers as the owners of those services are seeking distribution and revenue support.
Intel Spins Out Generative AI Software Group
The new company will work with customers that use artificial intelligence chips from competitors, including Nvidia and Advanced Micro Devices.
SpaceX Launches New Starlink Satellites
Six of the new satellites will offer direct to cell service, allowing launch of SpaceX's deal with T-Mobile.
The Board of the News Startup The Messenger Mulls Shutting It Down
The Messenger raised $50 million last year but is reportedly facing "dwindling" cash reserves and announced layoffs this week.
MicroStrategy’s Saylor Will Sell Over $200 Million of Stock
MicroStrategy's stock price has soared more than 300% in the past 12 months as bitcoin has rallied.
Disney Strikes Deal With ValueAct While Another Ally Seeks Board Seats
ValueAct expressed support for Disney CEO Bob Iger while Blackwells, which has also expressed support, nominated three people for election to the board.
China Removes Gaming Official After New Regulation Spooked Industry
A proposed new regulation has caused gaming stock turmoil and brought flashbacks to Beijing’s tech crackdown in 2021
Early-Stage VC Firm Countdown Capital Is Shutting Down
Three-year-old firm cites competition from larger firms looking for alternatives to SAAS deals.
News Startup The Messenger to Lay Off Dozens
The Messenger, which raised $50 million last year, is reportedly seeking to raise more money as it struggles to reach its lofty revenue goals.
Tesla’s Q4 Production Rises 12.6%
BYD, the Chinese EV maker, overtook Tesla to become the world’s largest producer of electric vehicles.
Jack Ma Cedes Control of Fintech Giant Ant Group
The Chinese company completed the change in controlling shareholder announced a year ago
Fidelity Cuts Valuation on X/Twitter Again
The Axios report said that Fidelity has now cut the carrying value of its stake in X by 71.5% since Musk's October, 2022 $44 billion acquisition of the company.
OpenAI Surpassed $1.6 Billion in Annualized Revenue Despite CEO Drama
OpenAI's annualized revenue is up 20% from its pace two months ago.
BuzzFeed’s President Quits
Marcela Martin was the second senior BuzzFeed executive to depart in the past few months, following the CFO.
JD.com Wins Anti-Monopoly Suit Against Alibaba
Alibaba was fined billions by Chinese regulators in 2021.
X Fails to Block California Content Moderation Law
The law requires social media companies to disclose how they moderate certain content on their platforms.
Top American at Tencent to Leave
Wallerstein has long been viewed as the most powerful American at Tencent, whose job was to bridge the cultural gap between the tech giant and Silicon Valley startups.
Weekday mornings
The Information AM by The Information Staff
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