Amazon plans to close AmazonSmile, launched in 2013 to let customers donate 0.5% of eligible items' purchase prices to a charity, on February 20, 2023
Amazon will be closing its charity program, AmazonSmile, in the coming weeks in order to “focus its philanthropic giving to programs with greater impact.”
Memo: Microsoft plans to lay off 10,000 employees through March 31, reducing its headcount by less than 5%, and take a $1.2B charge tied to severance and more
Yesterday, Microsoft announced it would be the latest tech … Esther Shein / TechRepublic : Microsoft will lay off 10,000 employees Ana Kessler / 80 Level : Microsoft Is Laying Off ...
Filing: Elon Musk raises $7.14B for his Twitter bid from Saudi Prince Alwaleed, Larry Ellison, Sequoia, VyCapital, Binance, a16z, and others; Ellison gives $1B
Elon Musk on Thursday disclosed a group of co-investors in his Twitter takeover. The names are impressive, but most of their check sizes aren't. Source: SEC.gov .
Filing: Elon Musk secures $7.14B for his Twitter bid from Larry Ellison, Binance, Sequoia, a16z, Saudi Prince Alwaleed, Fidelity, and others; Ellison gives $1B
Tesla chief raises $7bn from new investors for takeover of social media platform — Elon Musk has revealed that he has raised $7.14bn … Source: SEC.gov .
GitLab closed up 35% in its Nasdaq debut, giving it a $14.9 billion market cap, after raising $801M in its IPO at an $11B valuation
Ari Levy / CNBC :
Amazon says it will acquire MGM Studios for $8.45B, its second-largest acquisition since it paid $13.7B for Whole Foods in 2017
they are laser-focused on expanding and entrenching their monopoly power. That's bad for workers, consumers, and small businesses. Josh Hawley / @hawleymo : This sale should not go...
With its MGM acquisition, Amazon doesn't want to compete with streamers like Netflix but reduce Prime subscriber churn by providing enough blockbuster content
Amazon isn't competing with Netflix, but it is spending billions trying to figure out Hollywood. Maybe 007 can help.
Amazon says it will acquire MGM Studios for $8.45B, its second-largest acquisition since it paid $13.7B for Whole Foods in 2017
- Amazon is buying MGM Studios, the companies announced, marking Amazon's most ambitious move yet into the entertainment business.
Microsoft says it has acquired speech tech company Nuance for $19.7B in cash, a 23% premium on its Friday closing price, as it boosts its healthcare offerings
Acquisition will combine solutions and expertise to deliver new cloud and AI capabilities across healthcare and other industries
MetaKovan, an anonymous digital asset investor and founder of NFT focused crypto-based investment fund Metapurse, is the buyer of the $69M Beeple NFT
Sort Of Eileen Kinsella / Artnet News : ‘This Is Going to Be a Billion-Dollar Piece Someday’: The Buyer of the $69 Million Beeple NFT on Why It's the Greatest Artwork in a Generati...
MetaKovan, an anonymous digital asset investor and founder of NFT focused crypto-based investment fund Metapurse, is the buyer of the $69M Beeple NFT
A digital asset investor who goes by the handle Metakovan and refuses to give his full name, announced that he is the buyer …
South Korean e-commerce giant Coupang closes its first day of trading at $49.25 a share, down from $63.50, after raising $4.2B in an IPO at a valuation of ~$60B
Jessica Bursztynsky / CNBC :
Roblox closes at $69.50, valuing it at $38.26B, after opening under RBLX at $64.50, up 43% from its January funding round
and a reminder of the importance of patience in company building. My partner @joshk made this slide, which captures it well: https://twitter.com/... David Baszucki / @davidbaszucki...
Slack Q1: revenue of $201.7M, up 50% YoY, compared with 49% last quarter, and added 12,000 new paid customers for a total of 122K+; stock down 15%+
Jordan Novet / CNBC :
Amazon to license Slack for all employees, while Slack will use underlying tech from AWS's Chime video-calling service to improve its video and audio calls
- Slack will draw on the underlying technology for Amazon Web Services' Chime video-calling service to deliver better video calls for millions of Slack users.
Apple reports Q2 revenue of $58.3B, up 1% YoY, of which $44.9B came from products, $13.35B from services, and net income of $11.25B
Total Revenue Grows, Services Revenue Reaches New All-Time High of $13.3 Billion — Apple today announced financial results for its fiscal 2020 second quarter ended March 28, 2020...
Apple Q2: iPhone sales of $28.9B, down from $31B in Q2 2019, Greater China sales of $9.5B, down from $10.2B YoY, authorizes additional $50B in share buybacks
Emily Bary / MarketWatch :
NYSE will temporarily close its trading floor and move to all-electronic trading starting March 23, after two people tested positive for COVID-19
ALL THESE GUYS DO IS TOUCH THEIR FACES https://twitter.com/... https://twitter.com/... @desertdave2012 : This was 8 years ago (Hurricane Sandy) but they told us there was no way th...