Articles from www.bloomberg.com

Articles from www.bloomberg.com

Sea reports Q2 revenue up 23% YoY to $3.8B, a $79.9M net income, vs. $60M est., and GMV up 29% YoY to $23.3B; Shopee raised its merchant fees by ~33% in 2024 (www.bloomberg.com)
2024-8-13

A look at US chipmaker ON Semiconductor's $2B manufacturing hub in Roznov, Czech Republic to make chips for EVs and more; the hub will create 800 new jobs (www.bloomberg.com)
2024-8-13 Manufacturing Czech

Inside Worldcoin's Orb factory in Germany and a profile of Tools for Humanity CEO Alex Blania; 6M+ people have gotten a World ID and WLD's market cap is $550M+ (www.bloomberg.com)
2024-8-13 Germany

Accountable Tech: the average weekly reach per post of five prominent political Instagram accounts fell 65% after Meta began to downrank political content (www.bloomberg.com)
2024-8-13 Instagram

Some longtime users of LinkedIn lament the barrage of performative content from hustle-culture influencers and AI-generated “thought leadership” on the site (www.bloomberg.com)
2024-8-12 LinkedIn AI

A look at Apple's future plans: iPhone 16 lineup, a new iPhone SE, a thin “Air” model in the iPhone 17 series, and a Watch SE with a plastic case in bold colors (www.bloomberg.com)
2024-8-12 iPhone Apple

Q&A with Hasbro CEO Chris Cocks on the toymaker's gaming push, licensing deals, and more; Monopoly GO! has earned $3B+ in revenue since its April 2023 launch (www.bloomberg.com)
2024-8-11

DevRev, which develops AI tools to improve the efficiency of employees on support, product, and engineering teams, raised $100M at a $1.15B valuation (www.bloomberg.com)
2024-8-10 AI

Sources: Chinese robotaxi company WeRide is seeking about $100M in a US initial public offering and around $200M to $300M in a concurrent private placement (www.bloomberg.com)
2024-8-9 China

A look at the US' Chips and Science Act two years after its enactment on August 9, 2022, as the Biden administration nearly finishes divvying up $39B in grants (www.bloomberg.com)
2024-8-9

A look at the deepening engagement of EU's auto chipmakers with China as sales suffer in the West; McKinsey: automotive chips market will be worth $150B by 2030 (www.bloomberg.com)
2024-8-9 China

Sources: the UK is considering revisiting parts of the Online Safety Act to give authorities more power to force social media companies to curb harmful content (www.bloomberg.com)
2024-8-9

Sources: Apple plans a Mac mini in 2024 with M4 and M4 Pro that is less than half the size of the current mini, its first major design change since 2010 (www.bloomberg.com)
2024-8-9 Apple

Flyr, which provides software to travel companies, raised $225M in equity and $70M in debt, source says at a $900M valuation, bringing its total raised to $500M (www.bloomberg.com)
2024-8-9 Equity

Microsoft and Palantir partner to sell government cloud and AI tools, including GPT-4, to US defense and intel agencies; Palantir will integrate with Azure (www.bloomberg.com)
2024-8-8 Microsoft Intel AI

AI chipmaker Black Sesame drops as much as 35% on its Hong Kong trading debut, after pricing shares at the bottom of its range and raising ~$133M in its IPO (www.bloomberg.com)
2024-8-8 Hong Kong IPO AI

South Korean prosecutors charge Kakao founder Brian Kim with stock manipulation during the takeover of SM Entertainment, after Kim was arrested in July 2024 (www.bloomberg.com)
2024-8-8 Korea

Zillow names COO Jeremy Wacksman as CEO, replacing Rich Barton, who is stepping down to become co-executive chair; Zillow reported Q2 earnings topping estimates (www.bloomberg.com)
2024-8-8

Bumble reports Q2 revenue up 3.4% YoY to $268.6M, vs. $273.2M est., and projects 1% to 2% annual revenue growth, vs. 8.4% expected; BMBL drops 28%+ after hours (www.bloomberg.com)
2024-8-8

A US judge orders Ripple to pay a civil penalty of $125M for selling XRP to institutional investors, a fraction of the ~$2B the SEC had sought in the case (www.bloomberg.com)
2024-8-8 XRP

The UK Online Safety Bill, set to take effect in 2025, wouldn't address anti-immigrant lies on X and Telegram that fueled riots, even before it was watered down (www.bloomberg.com)
2024-8-7 Immigration

Shopify reports Q2 revenue up 21% YoY to $2.05B, vs. $2B est., Gross Merchandise Volume up 22% to $67.2B, and gross profit up 25% YoY to $1B; SHOP jumps 17%+ (www.bloomberg.com)
2024-8-7 Shopify

The UK CMA approves HPE's $14B deal to buy Juniper Networks after finding no competition concerns, following EU regulators approving the deal on August 1 (www.bloomberg.com)
2024-8-7

Lyft reports Q2 revenue up 41% YoY to $1.4B, Gross Bookings up 17% YoY to $4.02B, vs. $4.07B est., and projects $4B-$4.1B in Q3 Gross Bookings, vs. $4.14B est. (www.bloomberg.com)
2024-8-7

Global crypto hubs like Hong Kong and Dubai face a challenging outlook, as the brightening US political backdrop for crypto attracts companies and investors (www.bloomberg.com)
2024-8-7 Hong Kong Dubai

Coupang reports Q2 revenue up 25% YoY to $7.3B and a net loss of $77M, its first loss since 2022, due to its Farfetch deal and a South Korean regulatory fine (www.bloomberg.com)
2024-8-7 Korea

Instacart reports Q2 revenue up 15% YoY to $823M, vs. $806M est., gross transaction value up 10% to $8.19B; CART jumps 7%+ after hours (www.bloomberg.com)
2024-8-7

Airbnb reports Q2 revenue up 11% YoY to $2.75B, above estimates, Nights and Experiences Booked up 9% YoY, and Q3 guidance below est.; ABNB down 14%+ after hours (www.bloomberg.com)
2024-8-7 Airbnb

UK filings: since 2023, Saudi Arabia's PIF has put $750M into Magic Leap, including $160M so far in 2024; Magic Leap says it needs to raise more by next month (www.bloomberg.com)
2024-8-6 Arabia Saudi Arabia

NCR Voyix agrees to sell its digital banking business to buyout firm Veritas Capital for $2.45B+ in cash; the platform serves 1,300+ US financial institutions (www.bloomberg.com)
2024-8-6

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