Arm Stock Price Pops By Nearly One-Quarter After First Trading Day
The share price Arm Holdings ended Thursday at $63.59, up nearly 25% above the initial public offering price, a strong early sign for the tech listing market overall.
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Elon Musk’s X Hires Four Former TV and Advertising Executives
The new hires are all former colleagues of X CEO Linda Yaccarino from her days at NBCUniversal and Turner.
Arm Prices IPO at $51 a Share
Arm's listing will be followed soon by Instacart and Klaviyo. If things go well, the IPO market could pick up.
Google Lays Off Hundreds of Recruiters
Google has pared down some teams since cutting 12,000 employees in January.
Amazon Adds Ex-Intuit CEO to Board
Brad D. Smith served as Intuit’s CEO from 2008 to 2019 and its executive chairman from 2019 until 2022.
SpaceX’s Starlink Generated $1.4 Billion in 2022 Revenue
Starlink revenues have surged since 2021.
European Union Launches Probe Into China’s Subsidies for Electric Cars
Europe's anti-subsidy probe comes at a time when Chinese electric car makers are stepping up their efforts to expand globally.
Microsoft Tried—Again—to Buy Yahoo Before Apollo Won the Deal
Years after its $45 billion offer to buy Yahoo was rebuffed, Microsoft was the runner up to land Yahoo in 2021.
Apple Unveils iPhone 15 and New Watch Models, Emphasizing Sustainability
The Apple Watch Series 9 is the company’s first carbon-neutral product.
Google Pays More Than $10 Billion a Year For Search Deals, Lower Than Previously Estimated
That figure is lower than the $15 billion or $20 billion some analysts estimated Google paid Apple for default status.
Deel Updates Terms of Service to Prohibit Ponzi Schemes
Deel had become a popular payment provider for dozens of websites that charge investors to enter simulated trading contests.
Amazon and Flexport Launch Dueling Supply Chain Services
Both companies are pitching their products as one-stop-shops for sellers to get items moved from overseas factories all the way to the doorsteps of customers.
Alibaba’s New CEO Urges Company to Embrace AI Revolution
Eddie Wu, who took the helm Sunday, said the Chinese e-commerce giant will reinforce its strategic investments in AI-driven tech businesses.
Oracle Touts $4 Billion in AI Contracts But Stock Drops on Slower Growth
Oracle’s stock fell more than 9% in after-hours trading as the company disclosed lower revenue growth for the current quarter, in part because it can't open data centers fast enough to soak up demand.
AWS Rejected Nvidia’s Power Play in Cloud Services
The AI chip designer is leveraging its dominance in AI hardware to compete with traditional cloud providers, including AWS.
Microsoft’s Nadella, Oracle’s Ellison Plan Joint Cloud Announcement
The companies have discussed sharing servers to ease the AI chip shortage.
Dimon: Firms Wary of Down Rounds Should ‘Grow Up’
JPMorgan CEO also takes aim at new proposed capital rules
Apple to Use Qualcomm Modems in Phones Through 2026
The pact shows the challenges the company’s in-house modem project has faced.
Disney and Charter End Blackout, Add Disney+ to Spectrum TV Bundle
As part of the deal, Charter's Spectrum TV service will offer different channel bundles that also include Disney+ and, soon, ESPN's new streaming service.
Klaviyo Targets Up to $8.37 Billion Valuation in IPO
The marketing software firm was last publicly valued at more than $9 billion in 2021.
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