CFOTrends – WebProNews

Ford revealed that its EV unit is losing billions of dollars and says it should be viewed as a startup, one Ford is committed to.

Many e-commerce companies rely on Amazon for the bulk of their business, but it is a costly proposition with Amazon taking half of their revenue.

Subscription pricing models may be an unforeseen casualty of the economic downturn, paving the way for usage-based billing.

The carnage at Twitter continues, with Twitter Payments head Esther Crawford laid off, along with most of her team.

Amazon delivered its quarterly report and it was bad news as the company turned in its first unprofitable year in almost a decade.

Intuit is going all-in in its lobbying efforts to protect its lucrative tax filing business at a time when Congress is threatening it.

Reddit may finally be moving forward with its IPO after laying the groundwork for nearly two years.

Tesla executives may be regretting the company’s investment in Bitcoin, with its losses totaling a whopping $140 million in 2022.

Snap is cutting back its cloud spending, reducing how much it pays both Google Cloud and AWS.

Intel is showing where its priorities are, slashing employee pay in an effort to maintain its quarterly dividend.

Adobe’s $20 billion Figma deal may be in trouble, with EU Commission weighing whether to launch an antitrust probe.

Peloton has scored a major win in its recruiting efforts, hiring Liz Coddington to be the company’s new CFO.

VC firm Andreessen Horowitz (a16z) may be looking to more aggressively protect its investments by managing the finances of startups it invests in.

General Motors is investing $650 million in Lithium Americas to help develop the Thacker Pass lithium mine in Nevada.

PayPal has announced it is laying off roughly 2,000 employees, representing approximately 7% of its staff.

Impossible Foods may be poised for a second round of layoffs, with a report putting the number at 20%.

Electric vehicle startup Arrival has undergone a major shakeup, appointing a new CEO and announcing layoffs of 50% of its staff.

Salesforce is bowing to investor pressure, appointing new board members shortly after activist investor Elliott Management invested in the company.

Major banks are reportedly joining forces in an effort to better take on Apple Card and PayPal in the digital wallet market.

Intel’s recovery hit a major speedbump Friday as the company saw $8 billion of its market value wiped away, surprising analysts.