Meta Platforms’ Shares Fall After Q4 Earnings Announcement
The earnings announcement marks the first time that Meta has broken out its financial results as two separate segments.
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Biden Administration Considers Rule Change to Address Potential TikTok Risks
The proposed rule would expand government oversight of foreign-owned apps
Zucker Abruptly Resigns from CNN
His departure comes just weeks before Discovery is supposed to close its acquisition of CNN parent WarnerMedia.
Alphabet Flags Data Privacy Crackdown, Sustainability Standards as New Challenges
The Google parent highlighted new data privacy, environmental and human capital-related laws and policies among the business risks it faces
Uber Partners With FastAF To Expand Into Instant Delivery
The deal shows how Uber, which also partnered with Gopuff last year, is responding to the rise of instant delivery firms.
Pinterest Loses More Top Executives, Including Chief Revenue Officer
The company has lost at least nine senior executives in recent weeks.
Cruise Unlocks $1.35 Billion Funding From SoftBank, Creeps Toward Robotaxi Service
Self-driving taxis are making progress, but it's too soon to get excited.
Alphabet To Split Stock After Strong Fourth Quarter Earnings
Google's strong fourth quarter results suggest consumer spending was strong at the end of 2021
Database Provider MariaDB Going Public Via SPAC Merger
MariaDB's software is compatible with MySQL, a widely-used database that is now part of Oracle, which could give it a boost as a public company.
FTC to Review Microsoft’s $69 Billion Activision Deal
The move could be a nod to DOJ antitrust head Jonathan Kanter’s past work with Microsoft.
Meta-backed Diem Association Confirms Asset Sale
The sale marks the end of Meta's beleaguered cryptocurrency project.
The New York Times Is Buying Hit Viral Game Wordle
The company paid creator Josh Wardle a price in the “low seven figures.”
Legendary Entertainment Sells Stake to Apollo for $760 Million
The deal comes as Hollywood studios try to cash in on the growing demand for producers of streaming content.
Coinbase Adds Shopify CEO to Board
Shopify CEO Tobias Lütke will advise Coinbase executives as the cryptocurrency exchange platform expands internationally and develops new products.
Sony Moves to Acquire Game Studio Bungie for $3.6 Billion
The studio, once owned by Microsoft, is known for creating the influential gaming franchises Halo and Destiny.
Bolt CEO Replaced Following Controversial Tweets
CEO Ryan Breslow called Stripe and Y Combinator "the Mob Bosses of Silicon Valley" in a series of Tweets last week.
FTX Valued at $32 Billion in New Funding Round
The fundraising comes less than four months after the company raised money at a $25 billion valuation in October.
Vista and Elliott to Buy Citrix for $16.5 Billion
Citrix is one of a number of older enterprise software firms that is trying to shift towards cloud-based subscription software but whose revenue is growing very slowly.
Spotify to Add Content Advisory to Podcasts Discussing Covid
The move comes after musician Neil Young last week pulled his music off Spotify saying the app helped spread misinformation about Covid vaccines.
Climate Startups Raised $40 Billion Last Year
Funding battery and electric vehicle startups made up 40% of total investments.
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The Information AM by The Information Staff
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