PayPal names HP CEO Enrique Lores as CEO, replacing Alex Chriss on March 1, and reports Q4 revenue up 4% YoY to $8.68B, below estimates; PYPL closes down 20.3%
PayPal Holdings Inc. said HP Inc. Chief Executive Officer Enrique Lores will take the top job from Alex Chriss …
Sources: HP CEO Enrique Lores leaving to become PayPal CEO blindsided HP, whose board rushed to launch a CEO search process; Lores had worked for HP since 1989
Sources: HP CEO Enrique Lores leaving to become PayPal CEO blindsided HP, whose board rushed to launch a CEO search process; Lores had worked for HP since 1989
Rohan Goswami /Semafor:NEW
PayPal names HP CEO Enrique Lores as CEO, replacing Alex Chriss on March 1, and reports Q4 revenue up 4% YoY to $8.68B, below estimates; PYPL closes down 20.3%
PayPal Holdings Inc. said Chief Executive Officer Alex Chriss will be replaced by HP Inc. CEO Enrique Lores after profit and revenue fell short of expectations.
Sources: Intel is in early-stage talks to add AMD as a foundry customer, but it lacks the technology to produce AMD's most advanced chips; INTC closed up 7.12%
Rohan Goswami / Semafor :
OpenAI closes a $40B round, the most raised by a private tech company, at a $300B post-money valuation; SoftBank led with $30B; source: ~$18B is for Stargate
OpenAI on Monday announced it had closed what amounts to the largest private tech funding round on record.
Filing: CoreWeave is aiming to raise up to $2.7B in its US IPO at a valuation between $27.4B and $32B, selling 49M shares for $47 to $55; Nvidia owns 5.96%
CoreWeave is targeting a valuation of up to $32 billion on a fully diluted basis in its U.S. initial public offering, as the Nvidia …
AI search engine Perplexity is republishing parts of stories by Forbes and others, with nearly identical words and inadequate attribution, on its Pages feature
The startup, hailed as an AI-focused Google challenger, is republishing parts of exclusive stories from multiple publications …
AI search engine Perplexity is republishing parts of stories by Forbes and others, with nearly identical words and inadequate attribution, on its Pages feature
The startup, hailed as an AI-focused Google challenger, is republishing parts of exclusive stories from multiple publications …
Sources: Google laid off 200+ employees from its Core teams, including IT and its Python developer team, and plans to move some roles to India and Mexico
unless it's your smartphone Ann Resuma / International Business Times : Google Lays Off 200 ‘Core’ Employees; Eyes Shifting Some Roles To India, Mexico Alice Nunwick / Verdict : Go...
Memo: Thrasio CEO Greg Greeley plans to resign and five other senior executives will “step down when Thrasio emerges from Chapter 11 in the coming weeks”
Annie Palmer / CNBC : X: @rogoswami and @levynews X: Rohan Goswami / @rogoswami : Holy cow... what's going on in the aggregator world? @annierpalmer keeping the scoop streak going...
Filing: Google said Microsoft offered to sell Bing to Apple in 2018, but Eddy Cue said Microsoft had search quality issues and was investing less than Google
- In 2018, Microsoft offered to sell Apple its Bing search engine or start a Bing joint venture, Google said in a newly unsealed filing.
Flexport raised $260M from Shopify, one of its biggest shareholders; Shopify sold its money-losing logistics unit to Flexport in exchange for equity in May 2023
Report FreightWaves : Flexport raises $260M from Shopify Threads: Ran Reichman / @ranreichman : I don't understand this on two accounts: 1. Flexport CEO said they have a fortress ...
WeWork, valued at $47B in 2019, files for Chapter 11 bankruptcy protection for its US and Canada locations, and reports liabilities ranging from $10B to $50B
The company reported liabilities ranging … Kritikopoulos Spiros : Today's diamonds may easily end up tomorrow's coal! Jerry Kallas : The company leases millions of square feet of o...
A look at Amazon's nascent drone delivery unit, which has struggled due to crashes and other safety issues and now faces layoffs and other cost-cutting measures
Annie Palmer / CNBC :
Court records: SBF is expected to enter a plea before a new judge on January 3; the original judge recused herself because her husband's law firm advised FTX
he needs to enter a plea at the arraignment and that is what has been announced the plea he enters could be “not guilty”! https://twitter.com/... @tree_of_alpha : JUDGE RONNIE ABRA...
The SEC says FTX made two $100M investments using customer funds in fintech company Dave in March 2022 and blockchain startup Mysten Labs in September 2022
- FTX and former CEO Sam Bankman-Fried made two $100 million venture investments using customer funds through an FTX subsidiary, the SEC said in a pair of complaints.