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.
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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.
AMD Stock Jumps on GPU Revenue Projections
The semiconductor firm’s projections are much smaller than Nvidia’s share of the AI chip market but reflect an early sign of traction.
Alibaba Unveils New LLM as China’s Domestic AI Race Heats Up
In China, where the government blocks U.S. services like OpenAI and Google, local tech giants are battling for supremacy in the domestic AI market.
AWS Launches Product Aimed at AI Chip Shortage
The new service could threaten GPU rental startups.
Google Settles Civil Antitrust Lawsuit Filed by Match Group
A similar lawsuit against Google by Fortnite developer Epic Games is still set to go to trial on Nov. 6.
WeWork Nearing Bankruptcy Filing
WeWork's bankruptcy would crystallize billions in losses for SoftBank, WeWork's biggest backer.
FAA Completes Starship Safety Review Clearing Major Hurdle to License
SpaceX is still awaiting the FAA’s environmental review.
Healthcare Startup Olive AI Sells Off Business Units, Winds Down
Olive was valued at $4 billion after raising nearly $900 million from investors
Biden’s AI Executive Order Requires Google, OpenAI and Others to Share Data
The rules will set off a flurry of compliance and legal work for AI model developers.
SBF’s Pre-Trial Comments Come Back to Bite Him
Sam Bankman-Fried faced hours of intense questioning from prosecutor Danielle Sassoon in his Manhattan criminal trial.
Weekday mornings
The Information AM by The Information Staff
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