Articles from www.bloomberg.com

Articles from www.bloomberg.com

Grindr will cover as much as $300,000 in fertility, surrogacy, and adoption costs for staffers who have been at the company for 18+ months, starting next year (www.bloomberg.com)
2024-12-21

The EU commission approves Nvidia's acquisition of Israeli AI workload management startup Run:ai, saying the takeover raises no competition concerns in the EU (www.bloomberg.com)
2024-12-20 Israel Startup AI Nvidia

Malaysia says it has identified WhatsApp, Facebook, Instagram, X, YouTube, Telegram, WeChat, and TikTok as platforms that need to obtain a license by next year (www.bloomberg.com)
2024-12-20 Facebook YouTube Instagram WhatsApp WeChat Malaysia

Crypto executives worry that the EU's MiCA, which puts stringent conditions on crypto exchanges to list stablecoins like USDT, will drain liquidity from markets (www.bloomberg.com)
2024-12-20

SAP promoted a team lead five female staff allege has a pattern of targeting female reports, raising questions about its culture and workplace discrimination (www.bloomberg.com)
2024-12-20

Sony shares surged ~50% from an August trough to reach an all-time high last week, as investors are bullish on Sony's gaming business growth in 2025 (www.bloomberg.com)
2024-12-20 Sony

A look at Frank McCourt's efforts to buy TikTok and the obstacles he faces, as he lobbies Congress and Trump's team and tries to recruit ex-TikTok executives (www.bloomberg.com)
2024-12-20 Trump

The US FAA prohibits drone flights over several parts of New Jersey, as public hysteria over sightings of possible drone activity continues to persist (www.bloomberg.com)
2024-12-20 Drone

Sources: Insight Partners, which bought Dotmatics for around $629M in 2021, is exploring options for the R&D software maker, including selling it for $5B+ (www.bloomberg.com)
2024-12-20

The US finalizes a $458M grant for SK Hynix under the CHIPS Act and $500M in loans to build a $3.87B chip packaging facility in Indiana (www.bloomberg.com)
2024-12-19

Arm v. Qualcomm: Qualcomm CEO Christian Amon described Arm's Nuvia license cancellation and demand for Qualcomm to destroy IP after buying Nuvia as “outrageous” (www.bloomberg.com)
2024-12-19

Analysis: Alphabet's shares have jumped about 30% from a September low, with a chunk of those gains coming after Google unveiled its Willow quantum chip (www.bloomberg.com)
2024-12-19 Google Alphabet Quantum

Sources: neobank Chime confidentially files for a US IPO, aiming to go public in 2025; Chime had a $25B valuation in August 2021 (www.bloomberg.com)
2024-12-19 IPO

Sources: Musk has tapped Steve Davis, who oversaw Twitter's cost-cutting, ex-US CTO Michael Kratsios, and others to interview potential candidates for DOGE (www.bloomberg.com)
2024-12-19 Interview Twitter

The European Commission has pressed Apple to rework iOS so that it's more compatible with smartwatches, earbuds, headsets, and other devices from competitors (www.bloomberg.com)
2024-12-19 IOS Europe Apple

Parafin, a startup run by ex-Robinhood staff offering spend management and savings tools as well as loan products, raised a $100M Series C at a $750M valuation (www.bloomberg.com)
2024-12-19 Startup

Micron reports Q1 revenue up 84% YoY to $8.71B, in line with est., Q2 revenue forecast below est. due to sluggish phone and PC demand; MU drops 13%+ after hours (www.bloomberg.com)
2024-12-19

Source: Perplexity raised $500M led by Institutional Venture Partners at a $9B valuation earlier this month, up from a $3B valuation in June (www.bloomberg.com)
2024-12-19

Sources: Apple has halted work on a project to build an iPhone hardware subscription service, which had been in development since around 2022 (www.bloomberg.com)
2024-12-19 iPhone Apple

Sources: Amazon recently pushed back RTO dates for some staff in Austin, Dallas, and Phoenix by as much as four months, citing a lack of office space (www.bloomberg.com)
2024-12-19 Amazon

eMarketer expects Instagram to hit $32B in US ad revenue in 2025, or 50% of Meta's ad sales; filings: Instagram was ~30% of Meta's global business in early 2022 (www.bloomberg.com)
2024-12-18 Instagram

SandboxAQ, which aims to apply quantum tech and techniques to AI, raised $300M from Alger, Yann LeCun, and others at a $5.6B valuation to recruit more engineers (www.bloomberg.com)
2024-12-18 AI Quantum

Analysis: as uncertainty looms over Japan's China-dependent chipmaking stocks, Sony, Nintendo, and Capcom have seen double-digit returns since Trump's victory (www.bloomberg.com)
2024-12-18 Trump China Japan Nintendo Sony

Parafin, a startup run by ex-Robinhood staff offering spend management and savings tools as well as loan products, raised a $100 Series C at a $750M valuation (www.bloomberg.com)
2024-12-18 Startup

Grammarly buys productivity startup Coda, set to close in January, and names Coda co-founder and CEO Shishir Mehrotra as CEO; Coda had a $1.4B valuation in 2021 (www.bloomberg.com)
2024-12-18 Startup

Taiwanese silicon wafer maker GlobalWafers finalizes $406M in CHIPS Act funding, part of a plan to invest nearly $4B to help build plants in Texas and Missouri (www.bloomberg.com)
2024-12-17 Taiwan Texas

After Trump's win, a look at what the crypto industry could do next, including weakening financial rules that might protect consumers from the next crypto crash (www.bloomberg.com)
2024-12-17 Trump

Alibaba agrees to sell its Intime department store business, part of a plan to unify online and offline retailing in 2017, for ~$1B, taking a record $1.3B loss (www.bloomberg.com)
2024-12-17 Alibaba

Beijing-based AI startup Zhipu, which aims to make services tailored to the China market, raised $412M, after raising $400M at a ~$3B valuation in May 2024 (www.bloomberg.com)
2024-12-17 China Startup AI

Digital bank Tyme Group, which operates in South Africa and the Philippines, raised a $250M Series D led by Brazilian digital bank Nubank at a $1.5B valuation (www.bloomberg.com)
2024-12-17 Africa Philippines Brazil South Africa

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