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Digital marketing software company Ibotta closes up 17% at $103.25 per share in its trading debut, after raising ~$577.3M in an IPO priced above marketed range (Bloomberg)
Thursday April 18, 2024
Bloomberg:
Digital marketing software company Ibotta closes up 17% at $103.25 per share in its trading debut, after raising ~$577.3M in an IPO priced above marketed range — - Founder and CEO Leach to have 71% of the voting power — Digital marketing firm's backers include Koch Industries arm
Google says it will consolidate teams that focus on building AI models across Research and DeepMind, and move its Responsible AI teams in Research to DeepMind (Zaheer Kachwala/Reuters)
Thursday April 18, 2024
Zaheer Kachwala / Reuters:
Google says it will consolidate teams that focus on building AI models across Research and DeepMind, and move its Responsible AI teams in Research to DeepMind — Alphabet-owned Google (GOOGL.O) said on Thursday it would consolidate teams that focus on building artificial intelligence models across …
Meta cuts the price of the base 128GB Quest 2 from $249 to $199, its second permanent price cut in four months, after a drop from $299 to $249 in January (Kris Holt/Engadget)
Thursday April 18, 2024
Kris Holt / Engadget:
Meta cuts the price of the base 128GB Quest 2 from $249 to $199, its second permanent price cut in four months, after a drop from $299 to $249 in January — The base 128GB headset will cost $199 from now on. — For the second time this year, Meta has given the Quest 2 a permanent price cut.
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Netflix won't report subscriber numbers or Average Revenue per Membership starting in Q1 2025, saying time spent is its "best proxy for customer satisfaction" (Todd Spangler/Variety)
Thursday April 18, 2024
Todd Spangler / Variety:
Netflix won't report subscriber numbers or Average Revenue per Membership starting in Q1 2025, saying time spent is its “best proxy for customer satisfaction” — Netflix will no longer report subscriber numbers — a key metric for streaming services for years — beginning with the first quarter of 2025.
Netflix reports Q1 revenue up 15% YoY to $9.37B, vs. $9.28B est., paid users up 16% YoY to 269.6M, vs. 264.2M est., and net income $2.3B, up from $1.3B YoY (Sarah Whitten/CNBC)
Thursday April 18, 2024
Sarah Whitten / CNBC:
Netflix reports Q1 revenue up 15% YoY to $9.37B, vs. $9.28B est., paid users up 16% YoY to 269.6M, vs. 264.2M est., and net income $2.3B, up from $1.3B YoY — LOS ANGELES — Netflix reported earnings that beat on the top and bottom line after the bell Thursday. — Here are the results:
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