Journals

Taylor Soper / GeekWire: Expedia says CEO Peter Kern will step down after four years in the role and names its president for business, Ariane Gorin, as CEO, effective May 13, 2024  —  Expedia Group CEO Peter Kern will step… Read More »Expedia says CEO Peter Kern will step down after four years in the role and names its president for business, Ariane Gorin, as CEO, effective May 13, 2024 (Taylor Soper/GeekWire)

Chance Miller / 9to5Mac: Xiaolang Zhang, a former Apple engineer who pled guilty in August 2022 to IP theft of Apple’s car project, is sentenced to 120 days in prison and a ~$147K fine  —  For the last six years,… Read More »Xiaolang Zhang, a former Apple engineer who pled guilty in August 2022 to IP theft of Apple’s car project, is sentenced to 120 days in prison and a ~$147K fine (Chance Miller/9to5Mac)

Dean Takahashi / VentureBeat: Take-Two reports Q3 net bookings down 3% YoY to $1.34B, net revenue down 3% YoY to $1.37B, and plans cost reductions “more robust” than in 2023; TTWO drops 9%+  —  Take-Two Interactive reported results for the… Read More »Take-Two reports Q3 net bookings down 3% YoY to $1.34B, net revenue down 3% YoY to $1.37B, and plans cost reductions “more robust” than in 2023; TTWO drops 9%+ (Dean Takahashi/VentureBeat)

Jordan Novet / CNBC: Cloudflare reports Q4 revenue up 32% YoY to $362.5M, vs. $353.1M est., net loss of $27.9M, vs. $45.9M YoY, and Q1 revenue guidance above est.; NET jumps 17%+  —  – Cloudflare’s revenue and adjusted earnings surpassed… Read More »Cloudflare reports Q4 revenue up 32% YoY to $362.5M, vs. $353.1M est., net loss of $27.9M, vs. $45.9M YoY, and Q1 revenue guidance above est.; NET jumps 17%+ (Jordan Novet/CNBC)

Cory Weinberg / The Information: Source: Disney’s $1.5B investment in Epic Games will give Disney a 9% stake in Epic at a valuation of $22.5B, down ~29% from its 2022 valuation of $31.5B  —  Disney’s $1.5 billion investment in Epic… Read More »Source: Disney’s $1.5B investment in Epic Games will give Disney a 9% stake in Epic at a valuation of $22.5B, down ~29% from its 2022 valuation of $31.5B (Cory Weinberg/The Information)

Jordan Pearson / VICE: Chris Dixon’s book becomes an NYT Best Seller but with a dagger icon denoting bulk orders; a16z and some startups linked to it gave the book to staff and others  —  Motherboard found that firms linked… Read More »Chris Dixon’s book becomes an NYT Best Seller but with a dagger icon denoting bulk orders; a16z and some startups linked to it gave the book to staff and others (Jordan Pearson/VICE)

CNBC: Arm closed up 47.89% after issuing a strong profit forecast, adding ~$38B to its market cap, with $34B+ of that accruing to SoftBank, which owns 90% of Arm  —  – Shares of chip designer Arm climbed 48% on Thursday. … Read More »Arm closed up 47.89% after issuing a strong profit forecast, adding ~$38B to its market cap, with $34B+ of that accruing to SoftBank, which owns 90% of Arm (CNBC)

Jonathan Vanian / CNBC: Pinterest Q4: revenue up 12% YoY to $981.3M, vs. $991M est., MAUs up 11% YoY to 498M, vs. 487M est., and a weaker-than-expected Q1 forecast; PINS drops 10%+  —  – Pinterest missed on sales but beat… Read More »Pinterest Q4: revenue up 12% YoY to $981.3M, vs. $991M est., MAUs up 11% YoY to 498M, vs. 487M est., and a weaker-than-expected Q1 forecast; PINS drops 10%+ (Jonathan Vanian/CNBC)

Jessica Hagen / MobiHealthNews: Unlearn, which helps researchers run small clinical trials by creating digital twins of participants, raised a $50M Series C, taking its total funding to $130M+  —  The California-based company will put the funds toward its workforce,… Read More »Unlearn, which helps researchers run small clinical trials by creating digital twins of participants, raised a $50M Series C, taking its total funding to $130M+ (Jessica Hagen/MobiHealthNews)

Shirin Ghaffary / Bloomberg: A profile of OpenAI COO Brad Lightcap, tasked by Sam Altman with striking a deal with Axel Springer, which may offer a road map for additional media deals  —  Brad Lightcap helped seal the startup’s deal… Read More »A profile of OpenAI COO Brad Lightcap, tasked by Sam Altman with striking a deal with Axel Springer, which may offer a road map for additional media deals (Shirin Ghaffary/Bloomberg)