Articles from www.bloomberg.com

Articles from www.bloomberg.com

After a big decline in 2022, Meta's stock has risen 72%+ since November 3, one of the S&P 500 Index's best-performing stocks, adding $200B+ to its market cap (www.bloomberg.com)
2023-2-2

Mexico's GDP grew 3% in 2022 according to official data (www.bloomberg.com)
2023-2-2 Mexico GDP

Legal documents: Meta paid Bright Data to scrape data from other websites for years while publicly condemning the practice and suing companies over scraping (www.bloomberg.com)
2023-2-2

Sony reports Q3 sales rose 13% YoY to ~$26.4B as operating profit drops 8% YoY to ~$3.3B, beating analyst estimates; PS5 sales were 7.1M, up from 4M YoY (www.bloomberg.com)
2023-2-2 Sony

Georgia Wants Russia to Leave Its Land in a Ukraine Peace Deal (www.bloomberg.com)
2023-2-2 Russia Ukraine

Sam Bankman-Fried Barred From Encrypted Messaging Apps, Talking to FTX Employees (www.bloomberg.com)
2023-2-2

TikTok is testing a limit on the number of songs that users can post on its app (www.bloomberg.com)
2023-2-2

Sources: a US judge rejects the FTC's bid for a preliminary injunction to block Meta's Within acquisition, giving the FTC one week to decide whether to appeal (www.bloomberg.com)
2023-2-2

A look at Spanish-language livestreaming growth on Twitch; the platform's audience for Spanish, its fastest-growing language, grew sixfold from 2019 to 2022 (www.bloomberg.com)
2023-2-1 Spain

Western Digital raised $900M from Apollo Global and Elliott, sources say as a precursor to a merger with Japan's Kioxia, as the memory chip industry struggles (www.bloomberg.com)
2023-2-1 Japan Western Digital

FS-ISAC report: DDoS attacks targeting banks and other financial firms had increased 22% YoY by November 2022, particularly in Europe, where they rose 73% YoY (www.bloomberg.com)
2023-2-1 Europe

This Billion-Dollar Startup Wants to Bring Back the Dodo: Colossal Biosciences is adding the famously dead bird to a 'de-extinction' agenda that already includes the woolly mammoth (www.bloomberg.com)
2023-2-1 Startup

Intel is cutting 2023 employee compensation to preserve cash for investment, ranging from 5% of the base pay for mid-level managers to 25% for CEO Pat Gelsinger (www.bloomberg.com)
2023-2-1 Intel

As memory prices plunge, SK hynix reports its biggest quarterly operating loss on record in Q4, ~$1.4B vs. estimates of ~$900M, on a 38% YoY drop in revenue (www.bloomberg.com)
2023-2-1 4Q

Sources: as Apple launches MLS Season Pass, the company is shopping ad packages for up to ~$4M per season, without guaranteeing advertisers viewership numbers (www.bloomberg.com)
2023-2-1 Apple

A look at Microsoft's 343 Industries, the prized studio behind Halo, after a leadership overhaul, layoffs, and more; sources detail a pivot to Unreal Engine (www.bloomberg.com)
2023-2-1 Microsoft Layoffs

A National Labor Relations Board judge rules Amazon violated US federal labor laws as part of its efforts to resist unionization at two New York City facilities (www.bloomberg.com)
2023-2-1 Amazon New York

US Labor Costs Trail Forecasts, Adding to Slower Inflation Signs (www.bloomberg.com)
2023-2-1 Inflation

EU Commission changes, triggered by human rights group ICCL, mean regulators in Ireland and elsewhere will report six times a year on GDPR, violations, and more (www.bloomberg.com)
2023-2-1 Ireland GDPR

Fed Points Toward a Pause in May Once Hikes Have Time to Sink In (www.bloomberg.com)
2023-1-31

Want a Pay Raise? Work Five Days a Week in the Office (www.bloomberg.com)
2023-1-31

A draft EU proposal details plans to ask Netflix, Alphabet, and other “large traffic generators” to help pay for next-generation internet infrastructure (www.bloomberg.com)
2023-1-31 Netflix Alphabet

Brexit Is Costing the UK £100 Billion a Year in Lost Output (www.bloomberg.com)
2023-1-31 Brexit

Brexit is costing the UK economy £100 billion a year (www.bloomberg.com)
2023-1-31 Brexit U.K.

The UK will be the only G-7 nation in recession this year, the IMF predicts (www.bloomberg.com)
2023-1-31 IMF

Sources: Sony halves its Q1 PlayStation VR2 shipment forecast to ~1M units after disappointing early preorders; the headset will be launched on February 22 (www.bloomberg.com)
2023-1-31 VR Sony

Trump Sues Journalist Bob Woodward for Releasing Interview Recordings (www.bloomberg.com)
2023-1-31 Trump Interview

The US NLRB says comments by Apple executives and policies imposed on employees violate workers' rights, after a complaint by a former Apple employee in 2021 (www.bloomberg.com)
2023-1-31 Apple

Vancouver Embarks on Bold Experiment to Decriminalize Hard Drugs (www.bloomberg.com)
2023-1-31

Sources: Twitter made its first interest payment under Elon Musk to a group of seven banks; the payment was due around January 27 and estimated to be ~$300M (www.bloomberg.com)
2023-1-31 Twitter Elon Musk

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