Top news of the week: 09.02.2023.
Meta’s Reality Labs lost $13.7 billion on VR and AR last year
Meta's investment into its vision of a VR-connected future for social media remains colossal.
Tech CEOs screwed up
Tech CEOs at companies like Facebook, Google, and Amazon screwed up — but it's the laid-off employees who are paying the price.
Disney CEO Bob Iger has 'very little room for maneuver' as he tackles layoffs, budget cuts, a company reorg, and questions over the future of Hulu and ESPN
Bob Iger has spent the months since he returned to Disney as CEO poring over the books and speaking to staff. Now he's set to lift the curtain on his strategy to bring the magic back.
Tim Cook on the possibility of Apple layoffs: ‘A last resort kind of thing’
While tech giants like Amazon, Google, and Meta have laid off thousands of employees recently, Apple has avoided doing so. In a new interview with the Wall Street Journal, Apple CEO Tim ...
Daily Crunch: Bitcoin-demanding cybercriminals use bug from 2021 to initiate global ransomware attack
Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
Amazon.com Announces Fourth Quarter Results
Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its fourth quarter ended December 31, 2022. Fourth Quarter 2022 Net sales increa
Here's how tech giants Microsoft, Google, and Baidu are taking on ChatGPT, and what that could mean for investors
AI-powered ChatGPT has become a buzzword for investors. Here's what the Big Techs are working on to make sure they don't get left behind.
Legendary VC Bill Gurley warns of a tougher era for tech investors, praises Jeff Bezos, and casts doubt on the metaverse in a new interview. Here are the 10 best quotes.
Startups could previously raise money easily and not worry about profits, but now they face higher interest rates and reduced liquidity, Gurley said.