Spotify Stock Jumps on Strong Subscriber Growth, Forecasts
The streaming music service's shares jumped on strong user and revenue growth, along with a bullish outlook for the future.
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Recent Editions
Two SoftBank Vision Fund Executives to Join Rajeev Misra’s New Fund
Rajeev Misra, who recently stepped back from his main roles at SoftBank, is starting a new fund by raising money from Abu Dhabi.
Microsoft Revenue Growth Slowed to 12% as Cloud and Ads Dragged Down Results
Microsoft reported slowing cloud and advertising revenue growth but also blamed exchange rates and China lockdowns for the weak results.
U.S. Treasury Investigating Kraken for Violating Sanctions
Kraken has been under investigation from the Treasury Department’s Office of Foreign Assets Control since 2019
Amazon Hikes Prime Fees in Europe as Inflation Rises
The announcement comes as the e-commerce giant grapples with slowing online sales and rising costs due to inflation.
Google’s 18-Month Run of Blistering Growth Comes to An End
Alphabet, Google’s parent company, reported its slowest quarterly revenue growth since the start of the pandemic.
Russian Internet Giant Yandex Reports 45% Revenue Growth
Russia’s biggest search engine reported strong search and e-commerce growth despite difficulties caused by the war in Ukraine
Instagram’s Mosseri Responds to Backlash Over TikTok-Like Feed Changes
After Kylie Jenner and Kim Kardashian posted about disliking a test to Instagram's feed, Instagram head Adam Mosseri posted a video explaining the changes.
SEC Investigating Coinbase for Token Listings
A securities designation would lead to increased oversight by the SEC and potentially have widespread changes in how crypto exchanges operate.
Meta Bumps Up Retail Prices For VR Headsets
"The costs to make and ship our products have been on the rise," Meta said of the decision.
Shopify Cuts 10% of Staff, CEO Says Bet on E-Commerce Boom Was ‘Wrong’
The e-commerce software provider is one of many firms that overestimated the staying power of the pandemic-led shift to online shopping.
Shein’s $100 Billion Valuation Comes Under Pressure in Secondary Market
The Chinese fast fashion app has been grappling with the impact from the global economic slowdown, China's Covid lockdowns and the stock market rout.
Alibaba to Apply for Primary Listing in Hong Kong
The move would make it easier for investors in mainland China to buy the Chinese e-commerce giant's shares for the first time.
Facebook Will Share Music Revenue With Creators
Facebook parent company Meta Platforms is giving 20% of revenue to creators who use certain licensed music in their videos.
Google Fires Engineer Who Believed Its AI Was Sentient
The engineer said he made the determination based on his Christian beliefs.
Elon Musk’s Alleged Affair With Sergey Brin’s Wife Reportedly Damaged the Men’s Friendship
The report comes at a time when the Tesla CEO is dealing with other challenges such as his court battle with Twitter.
Twitter Revenue Falls But Stock Stays Flat Thanks to Musk Deal
As advertising demand slows, the social media company’s revenue dropped for the first quarter since the beginning of the pandemic.
Instacart Founder to Step Down After Company Goes Public
Apoorva Mehta, a co-founder of Instacart, currently serves as executive chairman and member of the board after stepping down as CEO last summer.
Shakeup at Amazon as Policy Chief Jay Carney Departs for Airbnb
Though Carney does not officially depart till August, the news of his resignation has already led to changes within the company’s corporate structure.
Samsung Mulls $200 Billion Spending on Texas Chip Plants
Samsung's potential plans come as the U.S. Senate is discussing a bipartisan bill to provide funding to beef up domestic semiconductor production.
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