Articles from www.bloomberg.com

Articles from www.bloomberg.com

Document: Xiaohongshu, a TikTok alternative known in the US as Rednote, has surged to a $26B valuation based on recent market transactions via a GSR fund (www.bloomberg.com)
2025-6-5

Source: Circle priced its upsized IPO at $31 per share, above marketed range of $27 to $28, raising nearly $1.1B and valuing the company at approximately $6.9B (www.bloomberg.com)
2025-6-5 IPO

Two FCC commissioners announce they'll depart this week, creating three vacancies on the five-member panel amid a probe into EchoStar's 5G service obligations (www.bloomberg.com)
2025-6-5 5G

Sources: Chinese hackers breached a US telecom company in the summer of 2023, a year before US officials and cybersecurity firms detected the Salt Typhoon hacks (www.bloomberg.com)
2025-6-5 China

Sources: JPMorgan aims to let clients use some crypto-linked assets as collateral for loans in the coming weeks, starting with BlackRock's iShares Bitcoin Trust (www.bloomberg.com)
2025-6-5 Bitcoin JPMorgan Asset

Microsoft says LinkedIn CEO Ryan Roslansky will now manage its Office group, reporting to EVP of Experiences and Devices Rajesh Jha; he will remain LinkedIn CEO (www.bloomberg.com)
2025-6-5 Microsoft LinkedIn

Google says hackers loosely affiliated with the Com in the US, the UK, and Europe breached 20+ companies in the US and Europe to steal Salesforce data (www.bloomberg.com)
2025-6-5 Europe Google Salesforce

Photos and partial footage of an FSD-enabled Tesla sideswiping a parked SUV and hitting a woman in November 2023 show FSD's limits; the NHTSA is investigating (www.bloomberg.com)
2025-6-4 Tesla

GlobalFoundries plans to spend $16B to boost domestic chip production, including $13B for its New York and Vermont plants and $3B for advanced packing research (www.bloomberg.com)
2025-6-4 New York

Photos and partial footage of an FSD-enabled Tesla sideswiping a parked vehicle and hitting a woman in November 2023 shows FSD's limits; the NHTSA is probing it (www.bloomberg.com)
2025-6-4 Tesla

Sources: Thrive and Capital Group visited China to study its AI scene, joining a wave of US investors rekindling interest in China after DeepSeek's advances (www.bloomberg.com)
2025-6-4 China AI

Chinese startup Butterfly Effect's Manus launches text-to-video generation tool in early access for paid users, with plans to roll it out for free to all users (www.bloomberg.com)
2025-6-4 China Startup

NYSE Arca files with the SEC to list a Bitcoin ETF linked to Trump Media and Technology Group, the parent company of Truth Social and Truth.fi (www.bloomberg.com)
2025-6-4 Trump Bitcoin ETF

HPE reports Q2 revenue up 6% YoY to $7.63B, vs. $7.46B est., Server revenue up 6% YoY to $4.1B, and says it expects a reduced impact from tariffs this year (www.bloomberg.com)
2025-6-4

Broadcom begins shipping its Tomahawk 6 data center switch chips, which it says can perform the work of six previous-gen chips to improve GPU utilization rates (www.bloomberg.com)
2025-6-3

Huawei Pura X review: the ~$1,050, China-only clamshell is Huawei's first flagship running HarmonyOS 5, with novel ergonomics and an incomplete app ecosystem (www.bloomberg.com)
2025-6-3 China

Indeed says CEO Chris Hyams is stepping down, replaced by parent Recruit Holdings CEO Hisayuki “Deko” Idekoba, who is returning to the role after six years (www.bloomberg.com)
2025-6-3

Meta agrees to acquire power from Constellation's operating Illinois nuclear plant, in a 20-year deal starting in mid-2027 when a state subsidy expires (www.bloomberg.com)
2025-6-3

Germany's data protection commission fines Vodafone a record €45M due to data privacy violations linked to malicious behavior by third-party sales agents (www.bloomberg.com)
2025-6-3 Germany

TSMC CEO C. C. Wei blames worsening traffic for delays in expanding its new Japan facility, and reaffirms plans to spend $100B in Arizona in the next five years (www.bloomberg.com)
2025-6-3 Japan

Sources: Elon Musk is selling $5B in debt for xAI at a double-digit interest rate, with demand already exceeding $3.5B (www.bloomberg.com)
2025-6-3 Elon Musk Interest Rate

Uber names longtime exec Andrew Macdonald as president and first COO since 2019; SVP of delivery Pierre-Dimitri Gore-Coty is leaving Uber after nearly 13 years (www.bloomberg.com)
2025-6-3 Uber

Germany's Federal Cartel Office warns Amazon that its price controls for marketplace retailers likely violate national and EU laws, in preliminary findings (www.bloomberg.com)
2025-6-2 Germany Amazon

Sources: Samsung and Perplexity in talks about an investment, preloading Perplexity's app on Samsung devices, adding its search to Samsung's browser, and more (www.bloomberg.com)
2025-6-2 Samsung Browser

A profile of prediction market Kalshi, which is using its federal financial license to open up sports gambling across the US, even in states where it is illegal (www.bloomberg.com)
2025-6-2

Sources: UMG, Warner Music, and Sony Music are in talks to license their work to AI music services Udio and Suno and settle copyright infringement lawsuits (www.bloomberg.com)
2025-6-2 AI Sony

A look at Apple's AI plans for WWDC; sources: macOS 26 will be named Tahoe and Apple is testing its 3B, 7B, 33B, and 150B AI models via internal tool Playground (www.bloomberg.com)
2025-6-2 AI Apple

Microsoft and the CWA reach a tentative contract agreement for ~300 ZeniMax QA workers after two years of talks, marking Microsoft's first US union contract (www.bloomberg.com)
2025-6-1 Microsoft

Grow a Garden, a hit game on Roblox, has spawned a market where in-game items are sold for real money on sites like eBay, potentially violating Roblox's ToS (www.bloomberg.com)
2025-5-31 eBay

Sources: TikTok Shop cuts several hundred jobs in Indonesia, leaving Tokopedia and TikTok Shop with ~2,500 employees in the country, down from ~5,000 last year (www.bloomberg.com)
2025-5-31 Indonesia

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