Meta is playing the AI game with house money
Meta is playing the AI game with house money Mark Zuckerberg’s AI hiring spree is costing a lot of money. His investors don’t care. Meta’s stock price shot up over 10 percent on Wednesday after the company reported better-than-expected earnings. Revenue generated in the second quarter was $47.5 billion, up 22 percent from a year […]
Microsoft reports strong cloud earnings, with Windows and Xbox up too
Microsoft reports strong cloud earnings, with Windows and Xbox up too Microsoft just posted the fourth and final quarter of its 2025 fiscal financial results. The software maker made $76.4 billion in revenue and a net income of $27.2 billion during Q4. Revenue is up 18 percent, and net income has increased by 24 percent. Like clockwork, […]
Layoffs hit CNET as its parent company goes on a buying spree
Layoffs hit CNET as its parent company goes on a buying spree Ziff Davis, the media conglomerate that owns outlets like CNET, ZDNET, PCMag, and Mashable is laying off 15 percent of the unionized workforce, or 23 total people. The majority of layoffs are coming from CNET, where 19 people will lose their jobs — […]
Sonos names Tom Conrad permanent CEO
Sonos names Tom Conrad permanent CEO Tom Conrad took over as interim CEO in January. Sonos has officially appointed Tom Conrad as CEO, the company announced on Wednesday. Conrad took over as interim chief executive in January following the company’s disastrous app launch in May 2024, which led to the resignation of former CEO Patrick […]
Perplexity’s CEO on why the browser is AI’s killer app
Perplexity's CEO on why the browser is AI's killer app Perplexity’s CEO on why the browser is AI’s killer app Hello, and welcome to Decoder! I’m Alex Heath, deputy editor at The Verge and author of the Command Line newsletter. I’m hosting our Thursday episodes while Nilay is out on parental leave. Today, we’re talking […]
Apple cuts a deal for recycling rare earth magnets in the US
Apple cuts a deal for recycling rare earth magnets in the US Apple’s investment will go toward building a dedicated rare earth recycling line at MP Materials’ Mountain Pass, California facility. | Photo by Michael Tessler / MP Materials Apple has announced a $500 million investment in MP Materials, a rare earth mining company based […]
Figma is going public
Figma is going public Figma, the platform that specializes in collaborative interface design, has filed for an initial public offering (IPO). The company will trade under the ticker symbol “FIG” as it prepares to “double down” on its investments in AI. Figma was nearly acquired by Adobe for $20 billion in 2022, but the two […]
Why Automattic CEO Matt Mullenweg went to war over WordPress
Why Automattic CEO Matt Mullenweg went to war over WordPress Today, I’m talking with Matt Mullenweg, the founder and CEO of Automattic, the parent company of WordPress.com, Tumblr, and a whole host of other products like the new cross-platform messaging service Beeper. This is Matt’s third time on Decoder; back in 2022, we had him […]
Intel is closing its automotive chipmaking business
Intel is closing its automotive chipmaking business Intel is shutting down its business dedicated to making processors for cars. In a memo seen by The Oregonian, Intel tells workers that it plans to lay off “most” employees in the division, citing plans to shift focus to its “core client and data center portfolio.” “As part […]
Even Klarna is launching a mobile phone service now
Even Klarna is launching a mobile phone service now Klarna, the buy-now-pay-later service, is launching a mobile phone service. The $40 per month phone plan is launching in the US in the “coming weeks,” offering unlimited 5G data, calls, and texts on AT&T’s network — making it yet another MVNO in an increasingly crowded space. […]