Articles from www.bloomberg.com

Articles from www.bloomberg.com

Sources: Sudan's paramilitary Rapid Support Forces, which is fighting Sudan's army, has been using Starlink since August 2023, during an internet blackout (www.bloomberg.com)
2024-2-13

Filing: Jeff Bezos sold 12M Amazon shares last week, netting just over $2B, his first Amazon stock sale since 2021; Amazon said Bezos plans to sell up to 50M (www.bloomberg.com)
2024-2-12 Amazon Jeff Bezos

Vision Pro may become an iPad killer, but some in Apple's Vision Products Group believe it may take four generations for the headset to reach its full potential (www.bloomberg.com)
2024-2-12 Apple iPad

The Fed, regulators, and others worry that stablecoins, with a total market value of $136B as of late January, could one day impact the wider financial market (www.bloomberg.com)
2024-2-12

The RBI's clampdown on Paytm has created confusion for millions of customers and raises questions about the Indian central bank's opacity and regulatory actions (www.bloomberg.com)
2024-2-11 India Central Bank

Crypto startups like Blast are offering airline-like loyalty points to attract users without defining rewards; Blast lured $1.3B in crypto since November 2023 (www.bloomberg.com)
2024-2-11 Startup

Elon Musk switches the location of Neuralink's incorporation from Delaware to Nevada, after a Delaware judge struck down Musk's $55B Tesla pay package last week (www.bloomberg.com)
2024-2-10 Tesla Elon Musk

How cheap power and friendly ties with China made Ethiopia, where almost half the population has no access to electricity, a haven for Chinese Bitcoin miners (www.bloomberg.com)
2024-2-10 China Bitcoin

Joint filing: Apple and Rivos say they reached a deal to settle Apple's 2022 lawsuit accusing the SoC startup of poaching 40+ engineers to steal trade secrets (www.bloomberg.com)
2024-2-10 Startup Apple

The White House says it plans to invest $5B+ from the CHIPS Act in “semiconductor-related research”, including in the National Semiconductor Technology Center (www.bloomberg.com)
2024-2-9

Sources: Singapore-based Grab and Jakarta-based GoTo revive talks for a ride-hailing merger in Southeast Asia; GoTo says “no such discussion is taking place” (www.bloomberg.com)
2024-2-9 Asia Singapore Southeast Asia

A profile of OpenAI COO Brad Lightcap, tasked by Sam Altman with striking a deal with Axel Springer, which may offer a road map for additional media deals (www.bloomberg.com)
2024-2-9

Filing: Microsoft says Activision planned layoffs before its merger, responding to FTC's claims that the layoffs contradict Microsoft's representations in court (www.bloomberg.com)
2024-2-9 Microsoft Layoffs

Plaid names Jen Taylor as its first president as it readies itself for an IPO; Taylor was most recently chief product officer at Cloudflare (www.bloomberg.com)
2024-2-9 IPO

Filings: SoftBank's stake in Paytm was ~5% in January vs. ~18.5% around Paytm's 2021 IPO; SoftBank says it sold most of its stake due to regulatory scrutiny (www.bloomberg.com)
2024-2-9 IPO

Amsterdam-based payments giant Adyen reports H2 2023 net revenue up 23% YoY to €887M and processed volume up 29% YoY to €544.1B; ADYEN.AS jumps 16%+ (www.bloomberg.com)
2024-2-8

Battle for the Bird book excerpt details how Jack Dorsey's plan to get Elon Musk to save Twitter failed, as Musk dismantled the company after taking over (www.bloomberg.com)
2024-2-8 Twitter Elon Musk

SoftBank reports Q3 net profit of $6.4B, after four quarters of losses, lifted by T-Mobile US shares windfall; the Vision Fund unit reported a ~$2.85B gain (www.bloomberg.com)
2024-2-8 Mobile

Paris-based payments company Worldline plans to lay off around 8% of its global workforce, or ~1,400 jobs, as it seeks to cut annual costs by €200M from 2025 (www.bloomberg.com)
2024-2-8 Paris

Alibaba cut ~20K staff during 2023, ending December with 219,260 employees, after cutting roughly the same number in 2022, and bought $9.5B of its stock in 2023 (www.bloomberg.com)
2024-2-8 Alibaba

Alibaba reports Q3 revenue up 5% YoY to ~$36.7B, net income down to ~$2B, Taobao and Tmall Group revenue up 2% YoY to ~$18B, and plans a $25B share buyback (www.bloomberg.com)
2024-2-7 Alibaba

Douyin CEO Kelly Zhang steps down, a source says ByteDance will not seek to appoint a successor and Zhang will shift her focus to the video-editing app CapCut (www.bloomberg.com)
2024-2-7

Zededa, a maker of edge infrastructure orchestration tools, raised $72M led by Smith Point Capital; a source says the round values the company around $400M (www.bloomberg.com)
2024-2-7

A US federal judge rules Apple won't have to face AliveCor's lawsuit alleging Apple's Watch copied heart-monitoring technology from the medical device company (www.bloomberg.com)
2024-2-7 Apple

DocuSign plans to lay off 6% of its workforce, or ~440 jobs, and will incur a $28M-$32M charge, after acquisition talks seemingly fell through; DOCU drops 6%+ (www.bloomberg.com)
2024-2-7

On Meta's Q4 call, Mark Zuckerberg said Meta's next step in AI is “learning” from user data, and the dataset is larger than Common Crawl, raising privacy fears (www.bloomberg.com)
2024-2-7 AI 4Q Zuckerberg

Spotify reports Q4 revenue up 16% YoY to €3.7B, MAUs up 23% YoY to 602M, subscribers up 15% YoY to 236M, a €75M operating loss, and expects 618M MAUs in Q1 2024 (www.bloomberg.com)
2024-2-6 4Q Spotify

Wall Street Snubs China for India in a Historic Markets Shift (www.bloomberg.com)
2024-2-6 China India Wall Street

Apple is telling users who forget their Vision Pro passcode that they need to bring the device to a store or mail it to AppleCare customer support to reset it (www.bloomberg.com)
2024-2-6 Apple

Sources: Reddit had over $800M in revenue in 2023, up 20%+ YoY, and was not profitable for the full year but, according to one source, was profitable in Q4 (www.bloomberg.com)
2024-2-6 4Q Reddit

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