The RealReal Taps Former Neiman Marcus Exec As New CEO
The appointment of John Koryl ends the company’s more than six-month search for a new chief executive.
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Shopify Stock Jumps 12% Following Subscription Price Increase
A rare price increase for the e-commerce platform’s subscriptions comes as Shopify looks to further boost its revenue.
DCG Subsidiary Luno Lays Off 35% of Staff
The layoffs are the latest setback for Barry Silbert’s Digital Currency Group.
The Washington Post Lays Off 20 Journalists
Other media companies including NBCUniversal, Vox Media and AdWeek have also cut staff in January as they grapple with falling advertising revenue.
Rupert Murdoch Calls Off Fox-News Corp Merger
Murdoch's decision to abandon plans to combine the companies follows opposition from large shareholders who claimed a potential deal would undervalue News Corp.
Microsoft Reports Slight Revenue Growth, Buoyed Mainly by Azure
Microsoft’s revenue was hardest hit in the units that are exposed to the consumer market, including the business that sells Windows software to computer makers.
Billionaires Buy Stake in Thrive Capital
Walt Disney CEO Robert Iger, Brazilian billionaire Jorge Paulo Lemann and French telecom investor Xavier Niel also participated in the deal.
Amazon Rolls Out Prescription Add-On for Prime Members
RxPass offers generic prescription refills to U.S. Prime members for $5 per month.
Alphabet’s Waymo Robotaxi Unit Lays Off Employees
Waymo becomes at least the fourth Alphabet subsidiary to trim staff.
On Trial, Elon Musk Claims Saudi Arabia Covered ‘Ass’
Musk testifies that his SpaceX equity could have secured the deal on its own.
Away Hires New Marketing Chief, Plans to Boost Traditional Ad Spending
Carla Dunham is the second hire the luggage brand has made for the CMO role in less than a year.
Amazon and Stripe Sign Agreement on Payments, Cloud
Amazon plans to increase its use of Stripe’s payments processing services, while Stripe will expand its use of Amazon Web Services.
Reddit Promotes Harold Klaje to Chief Revenue Officer
The company made several changes to its senior leadership as its ad sales team grows.
Microsoft Makes Multibillion-Dollar Investment in OpenAI
Microsoft will remain OpenAI’s exclusive cloud provider and deploy more of its technology across consumer and enterprise products, the companies said.
Spotify Lays Off 6% of Staff
Dawn Ostroff, Spotify’s content and advertising head, is also leaving the company.
Elliott Management Takes Stake in Salesforce
The activist investor has pushed for major changes in other tech giants.
Singapore’s Sequoia-Backed Startup Zilingo Set to Enter Liquidation
Zilingo, once considered a rising star in Southeast Asia's tech startup scene, fired its CEO last year amid a probe into its accounting practices.
Vice Media Is Up for Sale, Again
Vice Media is once again looking to sell all or parts of its business. The move comes as digital media outlets are struggling to grow revenue amid an economic downturn.
TikTok Staff Use ‘Heating’ Push to Promotes Specific Influencers and Brands
Employees use the feature to encourage certain influencers to partner with the company, a report says.
Amazon Web Services to Spend $35 Billion on Data Centers in Virginia
The money will be spent through 2040 and create 1,000 jobs, according to the state's governor.
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.
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