Reddit Falls Short of Ad Growth Targets Ahead of Likely 2024 IPO (www.theinformation.com)
If the market for initial public offerings recovers in the new year, one company that aims to go public early on is Reddit. An IPO will put the spotlight on the prospects for Reddit’s advertising business, which has fallen short of ambitious growth targets outlined by executives two years ago....
Reddit Falls Short of Ad Growth Targets Ahead of Likely 2024 IPO (www.theinformation.com)
Google Preps Public Preview of Gemini AI After Postponing In-Person Launch Events (www.theinformation.com)
Emmett Shear Becomes Interim OpenAI CEO as Altman Talks Break Down (www.theinformation.com)
breaking out the popcorn as situations deteriorate (www.theinformation.com)
I don’t know what’s going on but I’m loving it.
New chip factory TSMC to open in Arizona "to make the U.S. self-reliant in chips" won't be able to make finished chips: the chips produced there will still have to be sent to Taiwan to be completed. (www.theinformation.com)
Meta’s Next AI Attack on OpenAI: Free Code-Generating Software (www.theinformation.com)
Meta’s Next AI Attack on OpenAI: Free Code-Generating Software (www.theinformation.com)
Meta’s Next AI Attack on OpenAI: Free Code-Generating Software (www.theinformation.com)
Meta Scales Back Ambitions for AR Glasses (www.theinformation.com)
In March 2020, as the Covid-19 pandemic began to transform the world, the company then known as Facebook struck a deal to buy all the augmented reality displays made by British firm Plessey. At the time, the deal appeared to be a savvy way of squeezing out Apple in the competition to develop AR ...
SpaceX Forecasts Doubling of Revenue to $8 Billion (www.theinformation.com)
Unfortunately, it’s paywalled, so all I can read is the start,...
Social media startup IRL is shutting down after an investigation by its board concluded that 95% of its claimed 20M MAUs were “automated or from bots” (www.theinformation.com)
Reddit sales growth slowdown preceded fight over new API fees (www.theinformation.com)
A stark business reality faced Reddit before a user uprising engulfed its site this month: slowing sales growth. Reddit’s revenue rose 38% in 2022 to about $670 million last year, two people familiar with the matter said, faster than many other internet ad firms but a steep slowdown from the ...