Meta Platforms’ Q3 Revenue Drops 4%
The company said it anticipates losses for its Reality Labs department will go up next year.
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Microsoft’s GitHub Service Hits $1 Billion in Customer Commitments
Microsoft's decision to plunk down more than $7 billion to acquire the top code-sharing service for open-source software developers appears to be paying off.
Musk Becomes ‘Chief Twit’ and Carries Sink Into Twitter HQ
Musk's jokes suggest he is preparing to take control of Twitter as scheduled on Friday.
Andreessen Horowitz’s Flagship Crypto Fund is Down 40%
Andreessen Horowitz's crypto gamble isn't paying off.
Mobileye Prices IPO Above Range, Valuation Still Far Below Initial Target
The company is one of few to proceed with a public listing amidst the stock market downturn.
Alphabet Posts 6% Revenue Growth as Ad Downturn Worsens
Alphabet CEO Sundar Pichai warned of further hiring reductions in Q4 as the company adapts to a more challenging economic environment.
Microsoft’s 11% Revenue Growth is Slowest in Five Years
Growth in the company’s Azure cloud-server and software business continued to slow and declines in the sale of its Windows operating system worsened.
Elon Musk Tells Banks He Will Close Twitter Deal on Friday
Musk must close the $44 billion acquisition by Friday or go to court.
Amazon Adds Option For Shoppers To Pay with Venmo
Amazon shoppers can now pay for items with Venmo, as the e-commerce giant looks to boost sales by providing another popular payment option on its site.
WhatsApp Back to Normal Service After Temporary Global Outage
Users around the world reported problems sending messages Tuesday but the app's owner Meta Platforms says the issue has now been fixed.
Warner Bros. Discovery To Take Billions in Restructuring Charges in Q3
Warner Bros. Discovery has focused on cost cutting as it grapples with a debt load of about $50 billion.
Apple Adds NFT Policy to App Store Guidelines
Marketplaces like OpenSea and Magic Eden currently only allow users to view NFTs and don’t offer buying or selling through their apps.
Apple Raises Prices for Music, Streaming Video And Bundles
Apple surprised analysts by not raising the price of the iPhone 14, a sign that executives believe services are more price elastic than hardware.
Meta Investor Calls on Mark Zuckerberg to Lower Metaverse Spending
Shareholder says Meta "needs to get its mojo back."
Snyk Cuts 14% of Staff, Slashes Spending on Real Estate, Software
CEO Peter McKay said the cuts were meant to help the startup achieve profitability.
Hong Kong Shares Tumble on Growing Worries About China’s Economy
President Xi Jinping's decision to surround himself with loyalists spurred concerns that China will stick to its zero-Covid policy that has hurt its economy.
Indian News Site The Wire Retracts Article on Meta
The non-profit news site had alleged that Meta had granted India’s ruling BJP party the power to remove Instagram posts, which Meta denied.
TSMC Halts Production for Chinese Chip Startup Amid U.S. Restrictions
The move is the latest example of how Washington's new restrictions on semiconductor technology exports to China are affecting the global chip supply chain.
Weekday mornings
The Information AM by The Information Staff
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