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'Time Spent' on Instagram Still Important: EMARKETER's Smiley

Meta says it no longer focuses on how much time users spend on Instagram, but Minda Smiley, senior analyst at EMARKETER, says the metric is still crucial for social networks and their bottom lines. She says any changes Meta or other companies are forced to make because of ongoing litigation could have a financial impact. Smiley joins Ed Ludlow on "Bloomberg Tech."

Read more: 'Time Spent' on Instagram Still Important: EMARKETER's Smiley
Bloomberg

Walmart's Cautious Outlook Reflects Uneven State of US Economy

Walmart Inc. forecast less growth in earnings this year than Wall Street was expecting, citing the need for flexibility in unpredictable times for consumers. The world's largest retailer said it expects adjusted earnings to rise to between $2.75 and $2.85 per share this fiscal year. Analysts on average were expecting profit to jump to $2.97 per share. Bloomberg's Emily Cohn joins to discuss on Bloomberg Intelligence.

Read more: Walmart's Cautious Outlook Reflects Uneven State of US Economy
Bloomberg

Sarandos Says Warner Bros. Purchase Will Accelerate Netflix Growth

Netflix co-CEO Ted Sarandos tells Bloomberg he is "highly confident" the deal for Warner Bros. Discovery will close. Netflix granted a seven-day waiver to Warner Bros. to reopen talks with Paramount Skydance that ends on February 23. Sarandos discusses why he believes Netflix's offer is better for shareholders, viewers and theaters with Bloomberg's Ed Ludlow and Lucas Shaw.

Read more: Sarandos Says Warner Bros. Purchase Will Accelerate Netflix Growth
Bloomberg

OpenAI Funding on Track to Top $100 Billion in Latest Round

OpenAI is close to finalizing the first phase of a new funding round that is likely to bring in more than $100 billion, according to people familiar with the matter, a record-breaking financing deal that would give the startup additional capital to build out its artificial intelligence tools.  As the ChatGPT maker prepares to spend trillions in infrastructure investment, the overall valuation of the company, including the eventual funding, could exceed $850 billion, according to some of the people. That's higher than the $830 billion initially expected. The company's pre-money value will remain $730 billion, said one person, all of whom asked not to be identified discussing private information. Bloomberg's Ed Ludlow joins to discuss with Paul Sweeney and Scarlet Fu.

Read more: OpenAI Funding on Track to Top $100 Billion in Latest Round