Eric Beech / Reuters:
Donald Trump says Elon Musk and Vivek Ramaswamy will lead the Department of Government Efficiency, to provide “advice and guidance from outside of Government” — U.S. President-elect Donald Trump said on Tuesday Elon Musk and former Republican presidential candidate Vivek Ramaswamy …
Sources: Gail Slater, a top aide to JD Vance, and Mark Meador, a former enforcer at the DOJ’s antitrust unit and the FTC, are the front-runners to lead the FTC (Financial Times)
Financial Times:
Sources: Gail Slater, a top aide to JD Vance, and Mark Meador, a former enforcer at the DOJ’s antitrust unit and the FTC, are the front-runners to lead the FTC — Contenders for prime slots include a top aide to JD Vance and former Department of Justice lawyers
Sources: Marc Lore’s food delivery startup Wonder is in advanced talks to buy Grubhub from Just Eat Takeaway; Just Eat bought Grubhub in 2021 in a $7B+ deal (Wall Street Journal)
Wall Street Journal:
Sources: Marc Lore’s food delivery startup Wonder is in advanced talks to buy Grubhub from Just Eat Takeaway; Just Eat bought Grubhub in 2021 in a $7B+ deal — Marc Lore’s Wonder is close to a deal to buy the food-delivery startup from Europe’s Just Eat Takeaway.com
Amazon is shutting down Freevee, its free, ad-supported streaming service launched in 2019 under the IMDb brand, and plans to move the content to Prime Video (Todd Spangler/Variety)
Todd Spangler / Variety:
Amazon is shutting down Freevee, its free, ad-supported streaming service launched in 2019 under the IMDb brand, and plans to move the content to Prime Video — Amazon is officially shutting down Freevee, its free, ad-supported video streaming service originally launched under the IMDb brand nearly five years ago.
Greg Brockman returns to OpenAI after taking a leave from his role as president in August; memo: he is working with Sam Altman on creating a new role for him (Shirin Ghaffary/Bloomberg)
Shirin Ghaffary / Bloomberg:
Greg Brockman returns to OpenAI after taking a leave from his role as president in August; memo: he is working with Sam Altman on creating a new role for him — OpenAI co-founder Greg Brockman has returned to the artificial intelligence startup three months after taking a leave from his role as president …
Spotify reports Q3 revenue up 19% YoY to €3.99B, vs. €4.02B est., MAUs up 11% to 640M, and forecasts Q4 profit and MAUs above est.; SPOT jumps 8%+ after hours (Jaspreet Singh/Reuters)
Jaspreet Singh / Reuters:
Spotify reports Q3 revenue up 19% YoY to €3.99B, vs. €4.02B est., MAUs up 11% to 640M, and forecasts Q4 profit and MAUs above est.; SPOT jumps 8%+ after hours — Audio-streaming giant Spotify (SPOT.N) forecast fourth-quarter profit above Wall Street estimates on Tuesday …
Instacart reports Q3 revenue up 12% YoY to $852M, vs. $843.6M est., gross transaction value up 11% to $8.3B, and forecasts Q4 adjusted EBITDA below estimates (Natalie Lung/Bloomberg)
Natalie Lung / Bloomberg:
Instacart reports Q3 revenue up 12% YoY to $852M, vs. $843.6M est., gross transaction value up 11% to $8.3B, and forecasts Q4 adjusted EBITDA below estimates — – Grocery delivery firm posts third-quarter revenue beat — Adjusted earnings forecast, however, misses estimates
US gov’t data: 669 of 1,089 approved H-1B hires for TikTok and ByteDance from Oct. 2022 to Sept. 2023 were from China, up 50% YoY, despite US lawmaker scrutiny (Dan Whateley/Business Insider)
Dan Whateley / Business Insider:
US gov’t data: 669 of 1,089 approved H-1B hires for TikTok and ByteDance from Oct. 2022 to Sept. 2023 were from China, up 50% YoY, despite US lawmaker scrutiny — – TikTok and its owner sought to hire hundreds of Chinese staff in 2023, Business Insider has learned.
Sources: Apple is making a 6″ wall-mounted display that can control appliances, do videoconferencing, and use AI to navigate apps, and may unveil it by March (Mark Gurman/Bloomberg)
Mark Gurman / Bloomberg:
Sources: Apple is making a 6″ wall-mounted display that can control appliances, do videoconferencing, and use AI to navigate apps, and may unveil it by March — – Product will spotlight the new Siri and Apple Intelligence — Device will tap into cameras, doorbells and run Apple’s apps
Source: Elon Musk’s America PAC spent ~$200M to help elect Trump; Musk says the PAC is gearing up for midterms as well as judicial and DA elections (Dan Merica/Associated Press)
Dan Merica / Associated Press:
Source: Elon Musk’s America PAC spent ~$200M to help elect Trump; Musk says the PAC is gearing up for midterms as well as judicial and DA elections — Elon Musk’s super PAC spent around $200 million to help elect Donald Trump, according to a person familiar with the group’s spending …
