Trending Stories from bloomberg.com
Profile of Francis Suarez, the mayor of Miami, who tweets relentlessly about Miami's merits as a hub for the tech industry, but has a relatively powerless job
Sources: Sony's PlayStation organization has shifted its development focus to prioritize AAA games at the expense of projects from its niche teams and studios
Current and ex-employees say inattention to data protection at Verkada is emblematic of a "bro culture" that tolerated sexual harassment, misleading customers
Sources: Byju's is raising about $1B from B Capital and others at a valuation of about $15B, with plans to raise a further $200M to $300M in the coming weeks
Sources: Didi Chuxing has filed confidentially with the SEC for an IPO that could value it at $70B-$100B, and is raising $1.5B in debt financing from banks
Sources: Abu Dhabi's state fund Mubadala has started preparations for a US IPO of GlobalFoundries that could value the chipmaker at about $20B
Sources: Didi Chuxing is raising $1.5B in debt financing from banks ahead of a potential US IPO that could value the company at about $100B
The union election signaled a big shift in Amazon's labor relations, but Amazon will now cite its outcome as vindication for its employment policies
Techmeme · 1 day ago
Food waste responsible for 10% of global emissions
Tencent-backed Linklogis, which develops fintech for supply chain industry, rises $11% in Hong Kong debut after pricing its $1.02B IPO at HK$17.58 per share
Amazon offers a rare insight into its Indian business over the past decade: $3B of Indian-made goods exported, 1M+ local jobs created, and 250,000 new sellers
Techmeme · 2 days ago
Cryptocurrency mining company Riot Blockchain says it will buy Texas-based Bitcoin hosting facility Whinstone for $80M in cash and around $570M in stock
Box says KKR is leading a $500M investment in the company via preferred convertible stock; Aaron Levie will step down as chairman but will remain as CEO
Sources: Twitter discussed acquiring Clubhouse for around $4B but the talks fell apart; Clubhouse is now looking to raise funding at a $4B valuation
Peter Thiel says he is a pro-Bitcoin maximalist, but Bitcoin threatens fiat money and might be used by China to undercut the US dollar's reserve currency status
Philadelphia-based recruiting and HR software developer Phenom raises $100M at a $1.3B valuation led by B Capital Group
How Intel's missteps let competitors surpass it in key areas, driven by cultural complacency, a manufacturing shift to Asia, and missed mobile opportunities
A look at #DeclineNow, a group of DoorDash drivers trying to game DoorDash's algorithm by rejecting low paying deliveries in order to get higher rates
BitMEX cofounder Arthur Hayes turns himself in to US authorities six months after BitMEX was accused of trying to avoid implementing money laundering controls
Sources: Clubhouse is in talks to raise funding from investors in a round valuing the business at about $4B, following its reported valuation of ~$1B in January
Companies that make $1 display driver chips can't keep up with surging demand, causing serious production problems for products with LCD displays like laptops
EU says a number of institutions, including the European Commission, were hit by a significant cyberattack last week, although no data breach has been detected
As the pandemic drags on, new shows are harder to come by for streaming services; report: the number of originals Netflix released so far in '21 is down 12% YoY
Sources: Enjoy Technology, which runs mobile tech retail stores and is led by ex-Apple exec Ron Johnson, is in talks to go public via SPAC at a $1.6B valuation
Documents show the US is pressing ahead with plans to impose retaliatory tariffs totaling ~$1B annually on six countries that tax internet-based companies
How Facebook's stance that it won't ban posts unless they "cause imminent harm", reversed in Feb. 2021, has led people to believe dangerous lies about COVID-19
Uruguay-based dLocal, which offers payments processing services in 29 countries, raises $150M at a $5B valuation, quadrupling its valuation from September 2020
UK's CMA says Facebook will face an in-depth review of its $400M purchase of GIPHY after the company failed to address antitrust concerns
Techmeme · 1 week ago
Sources: before the pandemic, Amazon explored opening discount stores selling home goods and electronics to clear unsold inventory sitting in its warehouses
Techmeme · 1 week ago
TSMC says it plans to spend $100B over the next three years to expand its chip fabrication capacity
Sources: draft Biden executive order would require companies doing business with the federal government to report hacks of their networks within a few days
Squarespace says it is acquiring online restaurant services provider Tock for over $400M in cash and stock
Techmeme · 1 week ago
Sources: Comcast's NBCUniversal is considering pulling its movies from HBO Max and Netflix and keeping future releases for Peacock
Google promises not to silence workers discussing pay, as part of a settlement with a new union that represents hundreds of employees and contract workers
Chinese cryptocurrency wallet imToken raises $30M Series B led by Qiming and says it has 12M users with over $50B in crypto assets
Source: Apple is planning to announce a mixed reality headset "sometime" in the next several months, possibly at an in-person event
A group of ad-tech companies, including PubMatic, details SWAN, an anonymous identifier that lets users control ads they see, as an alternative to web cookies
BrightInsight, which helps drug/device makers build apps for patients and doctors, raises $101M Series C led by General Catalyst, source says at $750M valuation
Deliveroo IPO raises $2.1B, after pricing shares at 390 pence per share, amid rider and investor revolt
Coursera prices its shares at the top of the IPO range, at $33, raising $519M and giving it a market value of ~$4.3B
Chinese grocery app Nice Tuan, which focuses on community group buying and claims to have 15M orders per day, raises $750M led by Alibaba and DST Global
HighRadius, which offers accounts receivable software with features like invoice payment date prediction, raises $300M and is now valued at $3.1B
Facebook says Chief Revenue Officer David Fischer will be leaving the company in the fall after more than a decade
Tesla (TSLA) And Elon Musk’s Dominance Is Threatened By Volkswagen – Elon Musk’s Upstart Still Rules, But Traditional Automakers Are Catching Up Fast.
Sources: shares of ByteDance are trading at a $250B+ valuation in the secondary market; CB Insights said ByteDance's valuation was $140B in last fundraising
FTC abandons its antitrust lawsuit against Qualcomm, says it won't seek a Supreme Court review of a 2020 federal appeals court decision that acquitted Qualcomm
After a monthslong campaign, the union election for Amazon workers in Bessemer, AL, has concluded and vote counting begins on Tuesday, overseen by the NLRB
Techmeme · 2 weeks ago