FTC Hires Outside Economists To Review Amazon’s OneMedical Buyout
OneMedical shares are trading more than 15% below Amazon’s proposed buyout price of $18 per share, reflecting investor skepticism that the deal will go through.
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Amazon’s Video and Music Costs Surged 28% Last Year
The expense includes production and licensing costs for pricey Prime Video content that debuted in 2022 such as Thursday Night Football and The Lord of the Rings: The Rings of Power.
Stripe CFO Dhivya Suryadevara to Leave Company
Suryadevara joined from General Motors in 2020, a hire that signaled the payments startup was gearing up to go public
Apple Revenue Declines as iPhone Sales Slide
Services still grew, driven by app store subscriptions and cloud services.
Alphabet Revenue Growth Slowed Again in Q4
The ad slowdown shows how Google has been slammed by the weak economy.
Amazon Plans to Close Some Grocery and Convenience Stores
Amazon recorded a $720 million charge from costs including breaking leases and closing stores, Olsavsky said.
Amazon Sees AWS Slowdown Lasting For Several Quarters
Amazon’s chief financial officer Brian Olsavsky said the company expects to “to see some slower growth rates for the next few quarters.”
Investor Paul Wachter Becomes New Board Chairman of United Talent Agency
Wachter, CEO of Main Street Advisors, is a prominent investor in media, entertainment and sports. He joins UTA as the firm expands its business through investments and acquisitions.
Three Top Twitter Engineers Depart Company
The departures add what was already a revolving door among Twitter’s engineering leadership.
Salesforce Reveals More Layoffs, App Marketplace Chief Steps Down
Salesforce appears to have laid off thousands more employees as part of the 10% workforce reduction it revealed in early January.
Chainalysis Lays Off 5% of Workforce
Chainalysis was last valued at $8.6 billion after raising $170 million in a round led by Singapore’s sovereign wealth fund GIC.
Pressure Mounts on TikTok as Prominent Democrat Calls for Ban
TikTok CEO Shou Zi Chew is set to testify before Congress in March.
TikTok Meets Republican Lawmaker to Discuss Data Security Plans
The meeting, however, didn't change Republican congressman Mike Gallagher's mind about seeking a ban on TikTok in the U.S.
Coatue General Partner David Cahn Departs for Sequoia Capital
Cahn spent five years at Coatue, where he was involved with artificial intelligence investments including Stability AI.
Tiger Global Reportedly Lowers Fundraising Target
The new target indicates weakening demand to back one of the tech boom’s most prolific investors.
Meta Platforms’ Revenue and Profit Fall in Q4
The company’s stock climbed after the announcement, buoyed by the news of a $40 billion stock buyback.
Checkout.com Shuffles Executives to Double Down on U.S. Expansion
Céline Dufétel will take on the new role of president to lead the company’s growth in the U.S.
Judge Tells Sam Bankman-Fried to Stop Texting Former FTX Colleagues
Bankman-Fried has reached out to current and former FTX employees since his arrest in December.
Judge Rejects FTC’s Bid To Block Meta VR Deal
The decision marks a setback for FTC Chair Lina Khan.
Peloton Shares Jump on Subscription Growth and Narrower Loss
The fitness products and content company ended the latest quarter with more people subscribed to its all-access membership, but total members dropped slightly.
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The Information AM by The Information Staff
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