Source: the US FTC is examining the nature of Microsoft's investment in OpenAI and potentially antitrust law violations but hasn't opened a formal investigation
- The agency hasn't opened a formal probe into Microsoft-OpenAI — Microsoft didn't report deal to FTC due to non-profit status
Netflix Q1: revenue up 4% YoY to $8.16B, 1.8M paid net additions, vs. 2.06M est. and -0.2M in Q1 2022, and global streaming paid memberships up 5% YoY to 232.5M
Netflix Inc (NFLX.O) on Tuesday reported first-quarter revenue and earnings roughly in line with Wall Street expectations …
Netflix plans to ship its last red DVD envelopes in September 2023, after 25 years of mailing shows and movies to subscribers and paving the way for streaming
Sarah Krouse / Wall Street Journal :
Micron reports Q2 revenue down 53% YoY to $3.69B, vs. $3.71B est., and a $2.31B record net loss after a $1.43B write-down, as executives hint at a market bottom
Jeremy C. Owens / MarketWatch :
Meta increases its share repurchase authorization by $40B and says the company bought back $6.91B and $27.93B in stock in Q4 2022 and 2022, respectively
Jordan Novet / CNBC :
Meta reports Q4 revenue down 4% YoY to $32.2B, net income down 55% YoY to $4.7B, and family daily active people up 5% YoY to 2.96B; stock jumps 24%+
Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter and full year ended December 31, 2022.
Meta reports Q4 revenue down 4% YoY to $32.2B, net income down 55% YoY to $4.7B, and family daily active people up 5% YoY to 2.96B; stock jumps 24%+
Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter and full year ended December 31, 2022.
Meta reports $727M Reality Labs revenue in Q4, vs. $715.1M est., a $4.28B operating loss, vs. $4.36B est., a $13.72B loss in 2022, and expects a wider 2023 loss
Microsoft reports Q2 revenue up 2% YoY to $52.7B, net income down 12% YoY to $16.4B, Dynamics 365 revenue up 21% YoY, and LinkedIn revenue up 10% YoY
Earnings Release FY23 Q2 Microsoft Cloud Strength Drives Second Quarter Results REDMOND, Wash. — January 24, 2023 …
Sources: Twitter stopped paying rent on offices and is considering not paying severance packages to cut costs, as its top lawyer Alex Spiro leaves the company
Twitter has stopped paying rent on offices and is considering not paying severance packages to former employees, among other measures.
Sources: Elon Musk pitched charging most or all Twitter users for a subscription; internal estimates show Blue could lose the company ~$6/user/month in the US
Will he go through with it? PLUS: Botched layoffs, how the new Blue could lose money, and more
Twitter begins laying off staff, sending a “Your Role at Twitter” email to their company account for those staying and personal account for those leaving
Employees said the layoffs came across teams, as Twitter broadly reduced its workforce.
Docs: if Elon Musk buys Twitter, he plans to cut nearly 75% of staff; otherwise, Twitter aims to cut payroll by ~$800M by the end of 2023, ousting ~25% of staff
Previously unreported details shed new light on Twitter's motivations for selling the company — and Elon Musk's plans to transform it
SEC filing: Intel's self-driving car unit Mobileye files for an IPO and reports a H1 2022 revenue of $854M, up 21% from H1 2021
Mobileye, Intel Corp's (INTC.O) self-driving unit, on Friday filed for an initial public offering in the United States, revealing a 21% jump in revenue for the first half of the ye...
SEC filing: Intel's self-driving car unit Mobileye files for an IPO and reports a H1 2022 revenue of $854M, up 21% from H1 2021
Mobileye, Intel Corp's (INTC.O) self-driving unit, on Friday filed for an initial public offering in the United States, revealing a 21% jump in revenue for the first half of the ye...
SEC filing: Intel's self-driving car unit Mobileye files for an IPO and reports a H1 2022 revenue of $854M, up 21% from H1 2021
Mobileye, Intel Corp's (INTC.O) self-driving unit, on Friday filed for an initial public offering in the United States, revealing a 21% jump in revenue for the first half of the ye...
SEC filing: Intel's self-driving car unit Mobileye files for an IPO and reports a H1 2022 revenue of $854M, up 21% from H1 2021
Mobileye, Intel Corp's (INTC.O) self-driving unit, on Friday filed for an initial public offering in the United States, revealing a 21% jump in revenue for the first half of the ye...
SEC filing: Intel's self-driving car unit Mobileye files for an IPO and reports a H1 2022 revenue of $854M, up 21% from H1 2021
Mobileye, Intel Corp's (INTC.O) self-driving unit, on Friday filed for an initial public offering in the United States, revealing a 21% jump in revenue for the first half of the ye...
Meta reports its first-ever YoY quarterly revenue decline and issues a lowered Q3 forecast, citing a weak ad demand environment and macroeconomic uncertainty
Facebook parent Meta Platforms Inc. META 6.55%▲ posted its first decline in revenue and issued a muted outlook …