Articles from www.bloomberg.com

Articles from www.bloomberg.com

Digital marketing software company Ibotta closes up 17% at $103.25 per share in its trading debut, after raising ~$577.3M in an IPO priced above marketed range (www.bloomberg.com)
2024-4-19 IPO

US House Speaker plans to bundle the TikTok divestiture bill, with a revised proposal, in a Ukraine and Israel aid bill expected to clear the Senate on April 20 (www.bloomberg.com)
2024-4-19 Israel Ukraine Senate

A look at Apple's iPhone recycling, including shredding robots, and contractor GEEP, which Apple sued in 2020 for $22.6M in a case that has since been inactive (www.bloomberg.com)
2024-4-18 iPhone Apple Robot

French B2B software company Planisware raised €278M in a Paris IPO; its shares jumped up to 33% to ~€21 on its debut, giving Planisware a €1.1B valuation (www.bloomberg.com)
2024-4-18 France IPO Paris

Huawei releases its Pura 70 series, available for ~$760 to ~$1,380; reviewers show high-end models have a Kirin 9010 chip, an update to the Mate 60 Pro's 9000s (www.bloomberg.com)
2024-4-18

Walmart-backed digital marketing software company Ibotta raises ~$577.3M in its IPO at a share price of $88, giving it a market value of $2.67B (www.bloomberg.com)
2024-4-18 IPO Walmart

Sources: Micron could get $6B+ in chip grants from the US Commerce Department for domestic factory projects; the award could be announced as soon as next week (www.bloomberg.com)
2024-4-18

Sources: German grocery delivery startup Flink raised another €100M from existing investors and has been in merger talks with rivals Getir and Just Eat Takeaway (www.bloomberg.com)
2024-4-18 Germany Startup

Sources: the EU has decided that Microsoft's OpenAI deal doesn't merit a formal probe because it falls short of a takeover and Microsoft doesn't control OpenAI (www.bloomberg.com)
2024-4-18 Microsoft

How Amazon developed Just Walk Out since the early 2010s, driven by Jeff Bezos, as the company removes the tech from stores while expanding third-party sales (www.bloomberg.com)
2024-4-18 Amazon Jeff Bezos

How GitHub Copilot became responsible for a significant percentage of coding, despite its limitations; Stack Overflow: 54.8% of developers used Copilot in 2023 (www.bloomberg.com)
2024-4-17 GitHub

ASML reports China represented 49% of its system sales in Q1, while sales from Taiwan more than halved and the US dropped five percentage points to 6% (www.bloomberg.com)
2024-4-17 China Taiwan

US Senators Cynthia Lummis and Kirsten Gillibrand propose a bill to regulate stablecoins; House and Senate lawmakers are pushing to pass a bill as soon as May (www.bloomberg.com)
2024-4-17 Senate

CIRP: Amazon Prime hit a new high of 180M US shoppers in March 2024, up 8% YoY, despite greater online competition; 75% of US shoppers have a Prime membership (www.bloomberg.com)
2024-4-17 Amazon

Activision cuts entry fees for teams in its professional Call of Duty League, and will return collected fees, as the esports industry faces financial challenges (www.bloomberg.com)
2024-4-17

Filing: Take-Two will fire 5% of its workforce and expects to incur up to $200M in charges as part of a downsizing effort, including $140M from canceled titles (www.bloomberg.com)
2024-4-17

Kontakt.io, whose software and Bluetooth devices help hospital managers make decisions about patients, beds, and equipment, raised $47.5M from Goldman Sachs (www.bloomberg.com)
2024-4-17 Goldman

Sensor Tower: Naval Ravikant and Brian Norgard's audio-focused invitation-only social app Airchat has been downloaded 30K+ times since it relaunched this month (www.bloomberg.com)
2024-4-17 Sensor

Spotify says 25% of paid users in the US, UK, and Australia have started an audiobook as part of their subscriptions; 57% are between 18 and 34 years old (www.bloomberg.com)
2024-4-17 Australia Spotify

Andreessen Horowitz raised $7.2B, with $600M for American Dynamism, $3.75B for late-stage startups, and $600M for gaming, exceeding its target by ~4% (www.bloomberg.com)
2024-4-17 U.S. Startup

AI chip developer Rivos, which recently settled with Apple over trade secret theft, raised $250M+ led by Matrix to compete with Nvidia using its RISC-V chips (www.bloomberg.com)
2024-4-16 AI Apple Nvidia

Filing: MGM sues the FTC to stop an investigation into a 2023 cyberattack and asks for Chair Lina Khan's recusal; Khan stayed at the MGM Grand in September 2023 (www.bloomberg.com)
2024-4-16

Bain Capital agrees to sell UK payroll software company Zellis, acquired in 2017, to Apax Partners; sources say the deal values Zellis at ~£1.25B (www.bloomberg.com)
2024-4-16

Sources: in 2023, Abu Dhabi's G42 and the US Commerce Department held talks that led to G42 agreeing to pare back its China presence to avoid punitive measures (www.bloomberg.com)
2024-4-16 China

Tel Aviv-based Bridgewise, which uses AI to provide investment analysis to brokerages, wealth advisors, and exchanges, raised a $21M Series A led by SIX Group (www.bloomberg.com)
2024-4-16 AI

South Korea-based AI startup Upstage raised a $72M Series B from investors including SK Networks and SBVA, formerly known as SoftBank Ventures Asia (www.bloomberg.com)
2024-4-16 Korea Asia Startup AI

Sources: the UK plans talks this month with Apple, Meta, and others to push a voluntary charter granting parents more control of social media use by young teens (www.bloomberg.com)
2024-4-16 Apple

Mark Zuckerberg wins his bid to avoid personal liability in about two dozen lawsuits accusing Meta and other companies of addicting children to their products (www.bloomberg.com)
2024-4-16 Zuckerberg

How scammers, often from Nigeria, are using sextortion to target teenage boys on social media in the US, leading to at least 20 suicides over an 18-month period (www.bloomberg.com)
2024-4-16 Nigeria

As Microsoft begins its most ambitious security overhaul in two decades, critics question if Microsoft has sufficient incentive to make deep and lasting changes (www.bloomberg.com)
2024-4-15 Microsoft

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