Amazon More Than Doubles Base Salaries Amid Battle for Talent
Amazon will double its maximum base salaries for corporate and tech workers to $350,000 as the company battles to retain and attract talent.
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PriceRunner Sues Google for 2.1 Billion Euros Alleging Unfair Competition
The European price-comparison firm alleged Google manipulated search results unfairly.
Spotify CEO Apologizes to Staff as Joe Rogan Controversy Widens
Spotify CEO Daniel Ek apologized to staff after racist comments made by podcast host Joe Rogan were posted on social media.
Chinese E-Commerce Giant JD.com’s Founder to Donate $2.3 Billion to Charity
The donation, which follows similar moves by other Chinese internet giants, comes as tech billionaires are facing more scrutiny from Beijing.
Amazon Hikes Prime Fees as Labor and Shipping Costs Mount
Amazon posted a slowdown in online store sales during the key holiday quarter, with sales falling 1% to $66.1 billion.
AWS Sales Growth Remains Strong Despite Outages, Exec Departures
Amazon Web Services, the industry's top cloud provider, has accelerated sales growth 12% over the past four quarters
Snap Reports First Quarterly Net Profit, Shares Jump 60%
Its revenue and user growth results surpassed analyst projections
Meta’s Stock Plunges More than 26%
The sharp fall wiped more than $250 billion off the company’s market value.
Pinterest Revenue Jump Sends Stock Soaring; U.S. Users Drop Again
Pinterest’s fourth-quarter revenue rose 20% year-over-year, but U.S. monthly users declined for a third straight quarter.
Microsoft’s Next-Gen HoloLens Plans Have Reportedly Been Scrapped
Sources close to the headset’s division describe uncertainty and a pivot to making Microsoft’s mixed reality ambitions “financially sound.”
Former Google Cloud VP Joins AI Startup DataRobot
Debanjan Saha, who managed Google Cloud's BigQuery data warehousing business and previously worked at AWS and IBM, has decided to jump to a startup.
Quest Users Have Spent Over $1 Billion on VR Content, Meta Announces
Meta also announced plans to release a mobile version of its Horizon Worlds VR app later in 2022.
Spotify CEO Addresses Rogan Controversy
Daniel Ek admitted that the company should have published its trust and safety guidelines for creators sooner.
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.
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.
Weekday mornings
The Information AM by The Information Staff
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