Robinhood Stock Sinks as it Forecasts Steep Drop in Revenue
Robinhood’s grim outlook for the quarter further punishes its stock.
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Recent Editions
Credo Technology Climbs 17% In Public Debut
Credo marked the first big tech IPO of 2022. Tech stocks have been sliding in recent weeks on worries about forthcoming interest rate hikes.
Apple Boosts Revenue 11% in December Quarter
Apple said iPhone revenues rose 9% while Mac revenue jumped 25%. Services, which has become one of Apple's fastest growing businesses, rose 24%.
Meta’s Kustomer Acquisition Wins EU Approval
The $1 billion deal remains under investigation by the Federal Trade Commission in the U.S.
Progressive Groups Push for Urgency in DOJ Antitrust Hiring
Filling key roles is vital as under resourced agencies go up against the tech giants.
Comcast Doubles Spending to $3 Billion on Peacock
The company disclosed for the first time that Peacock has 9 million paid subscribers.
WeTransfer Scraps IPO Amid Market Volatility
The Dutch file-sharing service was planning to go public this week. It would have marked the first major IPO in Europe this year.
Diem, the Crypto Project Backed by Meta Platforms, Sell Assets to Crypto Bank Silvergate Capital for $200 million
Diem Association is selling its technology and winding down, marking the end of the effort launched in 2019.
Amazon Shuts Down Retail Partnership Program, Pays $2.25 Million in Washington State Antitrust Settlement
The Washington state attorney general accused the company of fixing prices with third party sellers through its “Sold by Amazon” Program.
HBO Max Sees 10% Jump in Retail Subscribers
WarnerMedia CEO Jason Kilar expects much of U.S. growth next year to come from ad-supported version.
Intel Wins Court Battle Against Landmark $1.2 Billion Antitrust Fine
The decision is a rebuke to the European antitrust regulator, which has brought a string of high-profile cases against multinational tech companies
Diem, the Crypto Project Backed by Meta Platforms, Sell Assets to Crypto Bank Silvergate Capital for $200 million
Diem Association is selling its technology and winding down, marking the end of the effort launched in 2019.
Chinese Search Giant Baidu’s Electric Car Unit Raises $400 Million
Baidu, whose once-dominant position in China's internet and ad industries has declined, is trying to grab a piece of the country's growing EV market.
Spotify Partners With Stripe to Expand Podcasts
With Stripe, creators can accept payments in different currencies
Microsoft’s Sales Top $50 Billion in Q2, But Cloud Growth Slows
Microsoft last quarter changed the way it reports revenue for its Azure cloud business, but sales of its cloud services hit a slowdown this quarter.
YouTube Is Exploring NFTs for Creators
YouTube is the latest tech giant to explore offering NFTs.
Neil Young Calls for Spotify to Take Down Rogan Podcast
The musician is the latest public official to express concern about Rogan spreading disinformation about COVID-19.
Google Takes Another Stab At Web-Tracking Changes
The U.K.’s competition regulator is overseeing Google’s work on phasing out third-party cookies in Chrome
Nvidia Planning to Call Off Arm Deal as Chinese Regulatory Review Kicks Off
Nvidia has told some partners that it did not expect the takeover to be completed.
Chinese Fast Fashion Retailer Shein Revives Plans for IPO in the U.S.
The company had around $15.7 billion in revenue in 2021 and its valuation doubled to $50 billion.
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.
By providing your email, you agree to The Information’s Privacy Policy