Articles from www.bloomberg.com

Articles from www.bloomberg.com

Central African Republic, the first in Africa to adopt Bitcoin as tender, launches CAR MEME on Solana, which traded at $0.03 on Feb. 11, down ~90% since launch (www.bloomberg.com)
2025-2-12 Bitcoin Africa

A White House document sent to Capitol Hill shows President Trump plans to nominate Brian Quintenz, a16z Crypto's head of policy, to lead the CFTC (www.bloomberg.com)
2025-2-12 Trump CFTC

Apple is renaming the Gulf of Mexico to Gulf of America on its Maps app, following Google, first for users in the US and soon for all users globally (www.bloomberg.com)
2025-2-12 U.S. Mexico Google Apple

The bid for OpenAI's nonprofit is top-tier M&A trolling by Musk, as it complicates OpenAI's fundraising by likely altering the cost of equity for new investors (www.bloomberg.com)
2025-2-12 Equity

Anduril plans to assume management and eventual manufacturing of the US Army's infantry goggles from Microsoft, in an up to $20B deal that the Army must approve (www.bloomberg.com)
2025-2-12 Microsoft Manufacturing

Sardine, which offers fraud-fighting AI agents for enterprises, raised a $70M Series C led by Activant Capital, valuing the company at $660M (www.bloomberg.com)
2025-2-12 AI

Dublin-based Tines, which uses AI to automate tasks in cybersecurity and other business operations, raised $125M at a $1.13B valuation, up from $600M in 2024 (www.bloomberg.com)
2025-2-12 AI

Shopify reports Q4 revenue up 31% YoY to $2.8B, above $2.73B est., GMV up 26% YoY to $94.5B, a $465M operating loss, and 2024 revenue up 26% YoY to $8.9B (www.bloomberg.com)
2025-2-11 4Q Shopify

Documents: Spotify co-founders Daniel Ek and Martin Lorentzon sold 2.5M+ shares in 2024, netting ~$1B, the highest sales since 2019, and now own ~16% of Spotify (www.bloomberg.com)
2025-2-11 Spotify

Tencent's Supercell reports 2024 revenue up 77% YoY to almost $3B from its six titles and EBITDA up ~77% to $900M+; Squad Busters made $100M+ in revenue (www.bloomberg.com)
2025-2-11 Tencent

A profile of Tom Krause, the CEO of Cloud Software Group, which runs government software security company Citrix, as he works with DOGE to cut federal staff (www.bloomberg.com)
2025-2-11

Huawei's Watch D2 sees a sales bump in China after users discovered it can be registered as a medical device, allowing it to be purchased via medical insurance (www.bloomberg.com)
2025-2-11 China Insurance

Cybereason CEO sues investors Steven Mnuchin and SoftBank Vision Fund, accusing them of putting Cybereason at risk of bankruptcy by blocking fund raising plans (www.bloomberg.com)
2025-2-11

Sources: late on Friday night DOGE staffers gained access to all of the CFPB's data systems, which hold confidential info potentially pertaining to X's rivals (www.bloomberg.com)
2025-2-11

Google DeepMind CEO Demis Hassabis says DeepSeek's $6M training cost claim is “exaggerated and a little bit misleading” and a “fraction of the total cost” (www.bloomberg.com)
2025-2-11 Google

Google, OpenAI, Roblox, and Discord raised $27M+ to provide free, open-source tools for improving child safety online, called Robust Open Online Safety Tools (www.bloomberg.com)
2025-2-11 Google

Taiwanese government data: exports to Mexico surged 479% YoY to $2.7B in January 2025, led by GPU shipments, as Foxconn, Wistron, and more build fabs in Mexico (www.bloomberg.com)
2025-2-10 Mexico Taiwan

A look at Delivery Hero, profitable since late 2023, as it focuses on the Middle East and Asia while cutting costs and shedding units across 70+ countries (www.bloomberg.com)
2025-2-10 Asia

Sources: Shein asked some top apparel suppliers in China to set up new production lines in Vietnam, with incentives like higher procurement prices of up to 30% (www.bloomberg.com)
2025-2-10 China Vietnam

T-Mobile's satellite texting feature, currently in beta and powered by Starlink, will cost customers $15/month starting in July for users on most plans (www.bloomberg.com)
2025-2-10 Mobile

A look at the debate over how much authors get paid for licensing books to AI companies; Microsoft offered HarperCollins $5K/title, of which authors get 50% (www.bloomberg.com)
2025-2-10 Microsoft AI

Edison: despite Spotify's video push, only two of the top 10 US podcasts post videos on Spotify; 37 of the top 50 podcasts regularly post videos on YouTube (www.bloomberg.com)
2025-2-10 YouTube Spotify

Crypto.com and Kalshi launched sports wagers around the Super Bowl in 50 US states, shocking the sports betting industry and infuriating state regulators (www.bloomberg.com)
2025-2-9

PitchBook: almost 66% of VC funding in Europe came from abroad in 2024; no European company with €100B+ in market cap has been built from scratch in 30 years (www.bloomberg.com)
2025-2-9 Europe

Tass: Rostelecom says an unspecified external impact has damaged a Russian underwater cable in the Baltic Sea, but there was no impact on subscribers (www.bloomberg.com)
2025-2-9 Russia

At a conference last month in Germany, Elon Musk said he has “not put in a bid for TikTok” and is not “chomping at the bit to acquire” the app (www.bloomberg.com)
2025-2-9 Germany Elon Musk

Court filing: President Trump ends legal fight over his Twitter ban after the January 6, 2021 riot; the filing doesn't specify how the case was resolved (www.bloomberg.com)
2025-2-8 Trump Twitter Ban

CoinMarketCap: Circle's USDC market cap reached a new high of $56.2B on February 9, after dropping to $24.5B in 2023 in the months following FTX's collapse (www.bloomberg.com)
2025-2-8

Sources: Island, which makes secure browsers for businesses, is raising money at a $4.5B valuation in a round led by Coatue; it was valued at $3B in April 2024 (www.bloomberg.com)
2025-2-8

Sources: Anthropic's funding round is oversubscribed and expected to raise $2B+, with Lightspeed set to invest ~$1B; Menlo, MGX, and others are in talks to join (www.bloomberg.com)
2025-2-8

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