DoorDash Reports 27% Higher Revenue But Projects Growth Slowdown in 2024
The projected slowdown in growth likely contributed to DoorDash shares falling 11% after hours.
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Recent Editions
Microsoft to Make Xbox-Exclusive Games Available on Rival Consoles; Teases New Xbox Hardware
Microsoft said it would make four previously Xbox-exclusive games available in the coming year, but didn’t name the specific games.
OpenAI Unveils AI Generator of Realistic Video
The upcoming product ups the ante for existing AI video startups.
Google Unveils Major Upgrade to Flagship Conversational AI
Google said its new Gemini model was cheaper to run than an earlier version it launched just a week ago.
BuzzFeed in Talks to License UK Operations to The Independent
BuzzFeed has been grappling both with sharp declines in its revenue, thanks to a weaker ad market for small firms, and with the need to come up with nearly $200 million by December to pay off debt.
Meta Directs Advertisers to Workaround for Apple Ad Fee
The change is the result of an update Apple made to its App Store Review Guidelines in 2022.
SpaceX Files to Move Incorporation Location to Texas from Delaware
The move follows a Delaware court ruling in late January that rescinded a $56 billion Tesla pay package for Musk.
Google Upgrades Employee Coding Assistant to Boost Productivity
The coding model, Goose, is “trained on the sum total of 25 years of engineering expertise at Google."
Meta Adds Hock Tan and John Arnold to Board
Meta’s board now has 11 members, though former chief operating officer Sheryl Sandberg plans to step down at Meta’s annual shareholder meeting in May.
Musk and Tesla to Appeal Delaware Ruling on $56 Billion Pay
Their intention to appeal was mentioned in a letter filed Tuesday by the plaintiff’s lawyers.
Amazon’s Prime Bundle, Delivery Policies Squash Competition, Mexican Regulator Says
The preliminary order also targeted Mercado Libre, a $87 billion e-commerce firm focused on Latin America that offers its own Prime-like subscription service.
Bret Taylor Unveils AI Agent Startup, Sierra
The details come less than a month after the company was reportedly valued at $1 billion in a financing.
Coca-Cola Among Suitors to Buy Healthy Soda Maker Poppi
Poppi is one of several startups aiming to shake up the beverage industry.
Uber Unveils $7 Billion Stock Buyback Plan
Uber expects to generate more than $3 billion in free cash flow annually, financing the stock buyback.
Meta’s Zuckerberg Says Quest 3 Headset Is Better Than Apple Vision Pro
The comments were his first volley against Apple’s $3,500 device, which debuted to mixed reviews due to its lack of comfort but breakthrough user experience.
Instacart to Cut 250 Jobs, Says Three Top Execs Resign
The company said the move should improve "operational efficiencies."
Lyft Posts Free Cash Flow in Q4
Lyft's new CEO promises to achieve profitable growth but growth remains a question mark.
Airbnb Forecasts Higher Revenue as it Expands Internationally
The rental site said it's seeing growth in cross-border travel.
Robinhood Transaction Revenue Grows, Shares Rise
The company posted its highest quarterly net income since 2020.
Walmart in Talks to Acquire TV Maker Vizio for More Than $2 Billion
Owning Vizio could give Walmart more advertising inventory and customer data, helping it sell video ads to brands that already offer their goods in its stores and e-commerce marketplace.
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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