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Articles from
www.bloomberg.com
French cybersecurity company Exclusive Networks receives a binding buyout proposal from private equity firms CD&R and Permira valuing Exclusive at ~€2.2B
(
www.bloomberg.com
)
2024-7-24
France
Equity
A dip in rental profits and a shift to longer stays has led some US hosts and property managers to circumvent Airbnb, including asking guests to book directly
(
www.bloomberg.com
)
2024-7-24
Airbnb
Texas Instruments reports Q2 revenue down 16% YoY to $3.82B and forecasts Q3 revenue in line with analysts' estimates of $4.14B, easing fears of a chip downturn
(
www.bloomberg.com
)
2024-7-24
Texas
US spot ether ETFs hit over $1B in trading volume across nine funds, a strong debut, but far from the $4.6B traded during the spot bitcoin ETFs debut in January
(
www.bloomberg.com
)
2024-7-24
Bitcoin
ETF
Sources: the Google-Wiz deal failed, in part, due to antitrust fears and CrowdStrike's outage, which increased the potential value of cloud security companies
(
www.bloomberg.com
)
2024-7-24
Google
Meta debuts Llama 3.1 405B, the “first frontier-level open source AI model”, as well as new Llama 3.1 70B and 8B models, and says it's working on Llama 4
(
www.bloomberg.com
)
2024-7-24
AI
Swiss computer hardware maker Logitech reports Q2 revenue up 12% YoY to $4.34B and expects 2024 sales up 1% to 3%, up from 0% to 2% previously forecast
(
www.bloomberg.com
)
2024-7-23
Switzerland
Spotify reports Q2 revenue up 20% YoY to €3.8B, MAUs up 14% YoY to 626M, paid subscribers up 12% YoY to 246M, above 245.2M est., and a €266M operating income
(
www.bloomberg.com
)
2024-7-23
Spotify
The EU opens an in-depth investigation into Delivery Hero and its Spanish subsidiary Glovo to determine if they may have illegally colluded with each other
(
www.bloomberg.com
)
2024-7-23
Spain
NXP Semiconductors reports Q2 revenue down 5% YoY to $3.13B, automotive chip sales down 7% YoY, and forecasts Q3 revenue below $3.35B est.; NXPI drops 9%+
(
www.bloomberg.com
)
2024-7-23
Sources: TikTok plans to launch TikTok Shop in Spain and Ireland as early as October; the rollout will be smaller than previously envisioned amid EU scrutiny
(
www.bloomberg.com
)
2024-7-23
Spain
Ireland
An investigation shows how pedophiles groom children using Roblox, a problem exacerbated by Roblox not collecting any personal information beyond a user's age
(
www.bloomberg.com
)
2024-7-23
Wa'ed Ventures, the $500M venture arm of Saudi Aramco, made its first investment in South Korea by investing $15M in AI chipmaker Rebellions
(
www.bloomberg.com
)
2024-7-23
Korea
AI
AMD President Victor Peng, who rejoined the chipmaker in 2022 following its acquisition of Xilinx, where he served as CEO, plans to retire on August 30, 2024
(
www.bloomberg.com
)
2024-7-23
AMD
Toronto-based AI startup Cohere raised a $500M Series D led by Canadian pension fund PSP at a $5.5B valuation, after raising $270M at a $2.2B valuation in 2023
(
www.bloomberg.com
)
2024-7-22
Startup
AI
Canada
Toronto
China removes sanctions on US communications company Viasat, saying the situation had changed but offering few other details, a rare reversal for the government
(
www.bloomberg.com
)
2024-7-22
China
Sources: Apple's Eddy Cue has pushed TV+ studio chiefs to exert more control over budgets, hoping to change Apple's reputation as the biggest spender in town
(
www.bloomberg.com
)
2024-7-22
Apple
How indie game developer Terrible Posture Games avoided bankruptcy after an ~$800K investment from an unlikely source: Nerd Ninjas, another indie developer
(
www.bloomberg.com
)
2024-7-22
Trump's comments on Taiwan hollowing out the US chip industry are incorrect, and risks opening up a fissure for China to exploit and push its own tech sector
(
www.bloomberg.com
)
2024-7-20
Trump
China
Taiwan
TSMC says its HPC group, which includes AI and server chips, accounted for 52% of wafer revenue in Q2, the first time it made up the majority of sales
(
www.bloomberg.com
)
2024-7-20
AI
Amazon's Twitch reinstates Donald Trump's account three years after he was banned, as “there is value in hearing from presidential nominees directly”
(
www.bloomberg.com
)
2024-7-20
Trump
Amazon
Sources: Magic Leap cut ~75 jobs, including its entire sales and marketing units, and told staffers it's pivoting from selling headsets to licensing its tech
(
www.bloomberg.com
)
2024-7-20
CrowdStrike and other endpoint security tools need access to the core of operating systems, giving them the ability to disrupt systems they're trying to protect
(
www.bloomberg.com
)
2024-7-19
In an interview, Mark Zuckerberg says Trump's immediate reaction after being shot was “badass” and inspiring, but declines to endorse either Trump or Biden
(
www.bloomberg.com
)
2024-7-19
Trump
Interview
Zuckerberg
Sources: Cellebrite gave the FBI unreleased tech to access the Trump shooter's phone, a “newer Samsung model”, after the FBI's first attempt to crack it failed
(
www.bloomberg.com
)
2024-7-19
Trump
Samsung
FBI
Intel veteran Lisa Spelman plans to become CEO of Cornelis, a networking startup spun off from Intel in 2020, on August 15; Spelman worked at Intel for 20 years
(
www.bloomberg.com
)
2024-7-19
Intel
Startup
Block's Cash App plans to close its UK operations on September 15, after launching in 2018, as the company “deprioritizes global expansion” to focus on the US
(
www.bloomberg.com
)
2024-7-19
Sources: Apple has spoken to major Hollywood studios about acquiring more programming from their libraries to offer customers both in the US and abroad
(
www.bloomberg.com
)
2024-7-19
Apple
programming
Adobe: US shoppers spent $14.2B during Amazon's 48-hour Prime Day sale, up 11% YoY and in line with estimates; Numerator: the average household spent about $152
(
www.bloomberg.com
)
2024-7-19
Amazon
Adobe
CCData: crypto coin listings on higher-volume exchanges like Binance and Coinbase are cumulatively up 11.6% to 2,066 in H1 2024, surpassing all of 2023
(
www.bloomberg.com
)
2024-7-18
Coinbase
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