Airbnb posted 13% higher revenue for the second quarter, more than double the growth rate of the first quarter and the fastest the travel bookings firm has grown since the start of last year. Airbnbâs free cash flow was $1 billion, in line with a year earlier. The revenue lift was despite a ... Read more âș
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When Pepsi acquired probiotic soda maker Poppi in May for nearly $2 billion, influencer Alix Earle also won big. The TikTok star, who promoted the brand on social media and appeared in the companyâs Super Bowl commercial, got equity in the company rather than just the typical cash payment. Curate Capital, a venture capital firm that invests in early-stage consumer goods companies founded by women, sees an opportunity for more... Read more âș
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In an interview with The Informationâs TITV, Uber CEO Dara Khosrowshahi said that the company is growing quickly by leveraging its unique position as both a ride and delivery platform. And he laid out a fresh prediction around when autonomous drivers could match the number of human drivers on ... Read more âș
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Uber CEO Dara Khosrowshahi is having a good year. Despite growing competition and the looming rise of autonomous vehicles, the company announced another quarter of solid growth and a $20 billion share buyback. And, as he shared with me in an interview on The Informationâs TITV on Wednesday, itâs all a pretty simple strategy: âWe are both in ride hailing and in delivery, and weâre able to bring consumers onto... Read more âș
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Apollo Global Management is acquiring a majority stake in Stream Data Centers, as the asset manager looks to capitalize on a boom in data centers and artificial intelligence. Founded in 1999, Stream Data Centers develops and operates data centers and has delivered more than 20 campuses across ... Read more âș
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President Donald Trump plans to announce that Apple will invest an additional $100 billion into U.S. manufacturing at an event later on Wednesday, according to Bloomberg. With the pledge, the iPhone maker is likely hoping to avoid costly tariffs by helping Trump with his goal of bringing ... Read more âș
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Big checks, cheap energy and the prospect of fast growth lured artificial intelligence companies to the Middle East. Now they are facing a reality of tough deal terms and delays that raise questions about their own growth trajectories. Saudi Arabia and the neighboring United Arab Emirates have made big pushes to invest in domestic AI projects with the goal of diversifying their economies away from energy. Saudi and UAE state... Read more âș
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Shopify stock jumped 19% after the ecommerce software firm reported 31% revenue growth and said it wasnât seeing any impact on shopper behavior from President Trumpâs tariffs so far. The report was the latest sign that business was strong in the quarter after doubts flared in April when ... Read more âș
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AI developers rejoice! After months of buildup, OpenAI yesterday finally released the first open-weight large language models itâs put out since 2019, which in AI land is forever. (ChatGPT itself was released less than three years ago.)Â The impetus for OpenAI to launch an open-weight model goes back to Chinaâs DeepSeek, which exploded onto the scene late last year with its own open-weight model. Shortly after that release, OpenAI CEO... Read more âș
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Disney plans to take Huluâs brand global: Hulu will replace the Star tile on Disney+ in international markets as it becomes the general-entertainment programming brand within Disney+. The full integration of Hulu into Disney+ is expected to be completed by next year. Disney is betting that a ... Read more âș
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Investors have embraced vibe coding as the next big thing in artificial intelligence. They are pouring cash into fast-growing companies offering coding assistants that can speed the work of software engineersâor potentially replace them. That optimism may be shortsighted. The companies that make AI models, such as OpenAI and Anthropic, are developing their own coding assistants, creating serious competition. Most coding assistant startups rely on these same AI giants to... Read more âș
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Disney announced major content deals with the NFL and WWE as it prepares to launch a new streaming app for ESPN on August 21. ESPN is acquiring the NFL Network, a cable TV channel that includes a mix of live games, studio shows and other programming from the sports league, in exchange for the ... Read more âș
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OpenAI is in talks to sell shares held by current and former employees at a price that values the ChatGPT maker at $500 billion, according to two people familiar with the matter. Thrive Capital is in talks to lead the share sale. The secondary sale is still early in its process and the details ... Read more âș
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Runway and Luma AI, startups developing AI models to generate videos, are in talks with investors to raise large funding rounds, The Information reported Tuesday. Runway is in talks to raise around $500 million at a valuation of at least $5 billion before the investment, led by existing investor ... Read more âș
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Last Friday, the day after Figma went public with a 250% pop, former Federal Trade Commission Chair Lina Khan tweeted that Figmaâs success was âa great reminder that letting startups grow into independently successful businesses, rather than be bought by existing giants, can generate enormous value.â Good point. But for every Figma, thereâs a Snap, whose CEO Evan Spiegel famously turned down a $6 billion buyout offer from Facebook, the... Read more âș
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Startups that use artificial intelligence to make videos for Hollywood studios and amateur filmmakers are getting thirsty for more capital. Runway, a startup that has cut deals with Lionsgate and AMC Networks, is in talks with investors to raise around $500 million at a valuation of at least $5 billion before the investment, or 67% higher than the six-year-old companyâs last round a year ago, according to two people with... Read more âș
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Figma CEO Dylan Field knows people are going to stare at his stock price. âYou canât tell people, âDonât look at the elephant in the room.â Thereâs an elephant in the room â itâs dancing, itâs drunk,â he said in a TV interview the day the company went public last week.But the 33-year-old will have to defy some history if heâs going to get Figma back to the $69 billion... Read more âș
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Snapâs bleak second-quarter results were a letdown after a parade of upbeat reports from Meta Platforms, YouTube and Reddit. The Snapchat ownerâs revenue rose 9% to nearly $1.35 billion during the second quarter, a slowdown from the 14% to 15% growth Snap saw in recent quarters. Read more âș
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The Federal Aviation Administration proposed a new policy that could make it much simpler for Walmart, Amazon and other companies to launch commercial drone delivery services. The agencyâs new proposal outlines a set of standard requirements for drone operators to follow when seeking approval to ... Read more âș
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Snapâs revenue growth slowed sharply to 9% in the second quarter, with advertising revenue expanding just 4%, highlighting the ad challenges facing the social media firm. Snap stock fell 14% in after-hours trading. Snap has been growing around 14-15% in the past few quarters, with ad revenue ... Read more âș
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16.05.2026 23:20
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