Tech Meme

Katherine Long / Wall Street Journal: DOGE staff member Marko Elez resigns after being linked to racist X posts; the 25-year-old was embedded in the US Treasury and previously worked at SpaceX and X  —  A staffer for Elon Musk’s Department of Government Efficiency whose access to U.S. Treasury payment systems was approved … Lees verder op Tech Meme

Bloomberg: Sources: Winklevoss’ crypto exchange Gemini is considering an IPO as soon as in 2025; cryptoasset exchange operator Bullish is also considering an IPO in 2025  —  Gemini, the cryptocurrency firm backed by the billionaire Winklevoss twins, is considering an initial public offering as soon as this year … Lees verder op Tech Meme

Julaiza Alvarez / Bloomberg: Pinterest reports Q4 revenue up 18% YoY to $1.15B, vs. $1.14B est., MAUs up 11% YoY to 553M, and forecasts Q1 revenue will top est.; PINS jumps 15%+ after hours  —  Pinterest Inc. posted strong holiday-quarter revenue and gave an upbeat forecast for sales in the current period … Lees verder op Tech Meme

Marina Temkin / TechCrunch: Trump has proposed taxing carried interest as ordinary income in a meeting with Republican lawmakers, a policy that could sharply increase the tax bill for VCs  —  On Thursday, President Trump asked Republican lawmakers to end tax breaks on carried interest. Lees verder op Tech Meme

Daphné Leprince-Ringuet / Sifted: France and the UAE agree to build an up to 1GW data center in France, representing €30B to €50B in investments in French and Emirati AI, chips, talent, and more  —  France and the UAE have announced a partnership to build a 1GW AI data center, representing up to €50bn in investments Lees verder op Tech Meme

Amazon.com, Inc.: Amazon reports Q4 revenue up 10% YoY to $187.8B, vs. $187.3B est., net income up 89% YoY to $20B, and operating income up 61% YoY to $21.2B  —  Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its fourth quarter ended December 31, 2024.  Fourth Quarter 2024 Lees verder op Tech Meme

Annie Palmer / CNBC: Amazon expects to boost its capex to $100B in 2025, largely driven by AI and up from 2024’s ~$83B, in what Andy Jassy calls a “once-in-a-lifetime” opportunity  —  Amazon said Thursday it plans to boost its capital expenditures to $100 billion in 2025, as it continues its investments in artificial intelligence. Lees verder op Tech Meme

Annie Palmer / CNBC: Amazon reports Q4 AWS revenue up 19% YoY to $28.8B, in line with est. and above 13% YoY growth in Q4 2023, and AWS operating income up 47% YoY to $10.6B  —  Amazon reported better-than-expected earnings and revenue for the fourth quarter, but it gave disappointing guidance for the current period. Lees verder op Tech Meme

TechCrunch: Kelly Stonelake, a former Meta director who was at the company from 2009 to 2024, sues Meta, alleging sexual harassment, sex discrimination, and retaliation  —  One of Meta’s earliest employees is suing the company for sexual harassment, sex discrimination, and retaliation … Lees verder op Tech Meme

Annie Palmer / CNBC: Amazon expects to boost its capex to $100B in 2025, largely driven by AI and up from 2024’s ~$83B, on what Andy Jassy calls a “once-in-a-lifetime” opportunity  —  Amazon said Thursday it plans to boost its capital expenditures to $100 billion in 2025, as it continues its investments in artificial intelligence. Lees verder op Tech Meme