Snap Stock Jumps After Company Reports 21% Revenue Growth
The company said subscribers for its Snapchat+ subscription service have reached 9 million.
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Recent Editions
Alphabet Shares Soar After Dividend Announcement, Strong Revenue
Alphabet's shares rose as much as 13% in after-hours trading after the company reported 15% higher revenues and said it would begin paying a dividend.
Microsoft Revenue Grows 17% as AI Copilot Sales Kick In
Growth also slightly accelerated in the business unit that includes Microsoft’s Azure cloud computing service.
Stripe to Add Crypto Payments for Merchants
Merchants will be able to accept Circle’s USDC stablecoin
Temu Parent Discloses U.S. Trade Rule, Forced Labor Law Risks
The Information reported in February that some U.S. members of Congress had called for Temu itself to be placed on a list of violators of the UFLPA.
NBCUniversal Reduces Losses at Peacock
Peacock's continued heavy losses make it something of an outlier in the entertainment industry, as other companies have sharply reduced their streaming losses.
Rubrik Prices IPO at $32 a Share, Above Expected Range
The pricing is a sign of strong demand for a closely watched software IPO.
Apple Releases Small, Open-Source AI Models for On-Device Applications
Apple's new models are significantly smaller than other open-source releases from big tech rivals.
IBM to Buy Hashicorp for $6.4 Billion
HashiCorp went public in late 2021 at an IPO price of $80, but lately it has traded as low as $21, amid heavy losses.
Meta’s Revenue Rises 27% in the First Quarter
The company forecast slower revenue growth in the second quarter and increased its expected capital expenditures for 2024.
ServiceNow Reports 24% Revenue Growth
CEO Bill McDermott said the company's new generative AI tool is “undeniably the most successful new product we have launched."
TikTok Halts Rewards Program Following EU Probe
TikTok suspended the rewards program of its new TikTok Lite app in Europe after regulator concerns.
TikTok Executives to Staff: Stay Focused Amid Ban Threat
Executives told staff that the way TikTok would fail would be by not continuing to grow its platform.
DOJ Seeks Three-Year Sentence for Binance Founder Zhao
Lawyers for Changpeng Zhao argue he should get probation instead
Nvidia Buys GPU Software Startup to Boost DGX Cloud Offering
The deal is another move by CEO Jensen Huang to diversify the company’s revenue streams from chips to software.
Google Delays Phase-Out of Browser Trackers to Next Year
Google said in a statement that it had received “divergent feedback from the industry, regulators and developers” on Privacy Sandbox.
Congress Passes TikTok Bill, Aid Package
The bill now passes to President Joe Biden, who has already said that he would sign it.
FTC Bans Noncompetes Nationwide
The ban blocks employment contracts which prevent workers from joining rival companies or starting similar businesses.
Tesla Revenue Declines 9% as Vehicle Sales Slow
Gross profits also fell 19%, the electric vehicle maker reported.
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