Sources: Activision Blizzard tried to find other interested buyers, including Meta, as it weighed a potential Microsoft takeover after WSJ's exposé in November

  Techmeme   ·   3 hours ago

Reliance buys majority stake in Indian robotics startup Addverb, which uses robots to make e-commerce warehouses and energy production more efficient, for $132M

  Techmeme   ·   5 hours ago

Animoca Brands, which publishes NFTs and games tied to blockchain platforms, raises $359M led by Liberty City at a $5B valuation, up from $2.2B in October 2021

  Techmeme   ·   12 hours ago

Paris-based Spendesk, which offers spend management software to SMBs, raises $114M at a $1.5B valuation, after raising the same amount in July 2021

  Techmeme   ·   1 day ago

How Netflix succeeded in South Korea, including by developing ideas considered too risky for broadcasters and licensing local content overseas

  Techmeme   ·   1 day ago

Amazon reverses its proposed ban on Visa credit cards in the UK, due to start on January 19; the company had cited high transaction costs

  Techmeme   ·   2 days ago

BitPay: Bitcoin use by BitPay merchants dropped to ~65% of crypto payments, down from 92% in 2020, as Ether purchases rose to 15% and stablecoins to 13%

  Techmeme   ·   2 days ago

Sources: Apple will expand CarKey availability beyond BMW by this summer, starting with Hyundai's Genesis line; a look at potential Apple headset names

  Techmeme   ·   2 days ago

Sources: Elliott Investment Management and Vista Equity Partners are in advanced talks to buy Citrix Systems; a deal could be announced within a few weeks

  Techmeme   ·   4 days ago

PitchBook: Chicago has 26 unicorns, 13 of which reached the status in 2021; 17 VC funds in Chicago raised $7.42B in 2021, up from three raising $977M in 2016

  Techmeme   ·   4 days ago

Sources: the FTC and multiple states led by New York are investigating Meta's Oculus VR unit over potential anti-competitive practices

  Techmeme   ·   4 days ago

Ukraine says a cyberattack brought down websites of several government agencies for hours but no sensitive data was stolen

  Techmeme   ·   5 days ago

Sources: Apple's mixed reality headset faces overheating, camera, and software problems, which may postpone its WWDC unveiling and delay its launch into 2023

  Techmeme   ·   5 days ago

Twitter's "work from anywhere" policy helped increase Black employees in the US to 9.4% in 2021, up from 6.9% in 2020; women are 44.7% of its global workforce

  Techmeme   ·   6 days ago

Analysis: El Salvador's President Nayib Bukele has likely lost $10M on his bitcoin purchases, after spending $71M on 1,391 BTC at ~$51K

  Techmeme   ·   6 days ago

Research: London-based startups raised $25.5B in 2021, ahead of all other European cities, with most rounds over $100M; UK-based startups raised $40B in 2021

  Techmeme   ·   6 days ago

Boosted.ai, which offers machine learning tools for investment portfolio managers, raises a $35M Series B led by Spark Capital and Ten Coves Capital

  Techmeme   ·   6 days ago

Apple confirms it removed several Wordle clones from the App Store, after reports surfaced about many clones capitalizing on the guessing game's popularity

  Techmeme   ·   6 days ago

Sources: Microsoft has hired a veteran semiconductor designer from Apple, as it seeks to develop its own chips for Azure servers

  Techmeme   ·   6 days ago

Alphabet Workers Union complains that contract workers receive COVID-19 testing that is inferior to the $949 Cue Health devices given to full-time WFH employees

  Techmeme   ·   7 days ago

Magic Leap pivots toward health care, defense, and manufacturing markets with Magic Leap 2, which will cost "slightly" more than the $2,295-$2,995 Magic Leap 1

  Techmeme   ·   7 days ago

Singapore's crypto strategy has welcomed and then disillusioned many companies, including Binance, as the city-state tries to protect its citizens against risks

  Techmeme   ·   7 days ago

European enterprise travel management startup TravelPerk raises $115M led by General Catalyst and Kinnevik at a $1.3B valuation, bringing total funding to $409M

  Techmeme   ·   7 days ago

Crypto firms flood DC with money ahead of a federal push for new crypto rules, as donations from crypto execs become a key source of cash for some lawmakers

  Techmeme   ·   7 days ago

Sony confirms PlayStation 4 production will continue in 2022, which sources claim will help the company offset some PlayStation 5 production pressure

  Techmeme   ·   1 week ago

Supply chain visibility startup Project44 raises $240M led by TPG, Thoma Bravo, and Goldman Sachs at a $2.4B valuation

  Techmeme   ·   1 week ago

Research: Huawei received 2,770 US patents in 2021, behind IBM, Samsung, Canon, and TSMC; US companies got under half of the 327,329 US patents issued in 2021

  Techmeme   ·   1 week ago

Tul, a Colombian e-commerce startup specializing in construction materials, raises $181M led by 8VC, source says at a ~$800M valuation

  Techmeme   ·   1 week ago

Vienna-based GoStudent, which connects K-12 students with online tutors, raises €300M led by Prosus NV at a €3B valuation

  Techmeme   ·   1 week ago

Sources: Tiger Global Management's hedge fund tumbled 7% last year, its first annual loss since 2016 when it declined 15%

  Techmeme   ·   1 week ago

Profile of Binance CEO Changpeng Zhao, worth an estimated $96B, as the company generated an estimated $20B+ in revenue in 2021

  Techmeme   ·   1 week ago

Chinese edtech company New Oriental fired 60,000 workers in 2021 after revenue fell 80%, the biggest layoffs disclosed since China began its tech crackdown

  Techmeme   ·   1 week ago

As TSMC reports record sales, research shows chip delivery times slipped to 25.8 weeks in December, the longest wait time since tracking began in 2017

  Techmeme   ·   1 week ago

Despite China's sweeping crackdown on the tech industry over the summer, VC investments in China reached an estimated $130.6B in 2021, up from $86.7B in 2020

  Techmeme   ·   1 week ago

Sources: Pine Labs, which provides payments services in Asia, filed confidentially for a US IPO, seeking to raise about $500M at a $5.5B to $7B valuation

  Techmeme   ·   1 week ago

How Apple could radically improve its money management services: expand Apple Card beyond US, add checking and savings accounts, ambitiously expand Wallet, more

  Techmeme   ·   1 week ago

Strava CEO Michael Horvath says the app's revenue increased 68% YoY in 2021, suggesting a revenue of approximately $170M and a paid subscriber base of 2M to 3M

  Techmeme   ·   1 week ago

Profile of Anne Neuberger, the NSC deputy advisor at the center of increasing tension over control between US agencies handling cybersecurity

  Techmeme   ·   1 week ago

PayPal confirms it is exploring launching its own stablecoin, after code in its iOS app showed it is working on a "PayPal Coin" backed by USD

  Techmeme   ·   2 weeks ago

Sources: Reddit could go public as soon as March at a valuation of as much as $15B; the company was last valued at $10B in August 2021

  Techmeme   ·   2 weeks ago

Sources: Carsome, a Southeast Asian used car online marketplace, raises ~$300M led by Temasek and Qatar's sovereign wealth fund

  Techmeme   ·   2 weeks ago

Dogecoin and Shiba Inu, which experienced meteoric rises as meme coins, are down 80% and 65% from their peaks in May and October respectively

  Techmeme   ·   2 weeks ago

Acorns plans to let users invest in individual stocks instead of just in its own ETF funds and says it could eventually support crypto investments

  Techmeme   ·   2 weeks ago

Tencent says WeChat mini programs grew 12.5% YoY to 450M DAUs in 2021, and WeChat's search feature gained 200M MAUs in 2021, despite China's crackdown

  Techmeme   ·   2 weeks ago

Sygnum, a Switzerland and Singapore-based digital asset bank and crypto trading platform, raises $90M led by Sun Hung Kai & Co. at an $800M valuation

  Techmeme   ·   2 weeks ago

Germany's Federal Cartel Office says Google will be under its surveillance for five years, opening the company up to quicker and tougher regulation

  Techmeme   ·   2 weeks ago

A look at London-based electronic money institutions, with 200+ approved by regulators since 2018, as some face allegations of money laundering and fraud

  Techmeme   ·   2 weeks ago

Real estate investment trust Digital Realty agrees to acquire a majority stake in Africa's largest data center operator Teraco at a ~$3.5B valuation

  Techmeme   ·   2 weeks ago

The US takes Vladislav Klyushin, a Kremlin insider, into custody; sources say he has documents related to Russia's DNC hack during the 2016 election

  Techmeme   ·   2 weeks ago

Apple is likely to finish switching to its silicon by WWDC, plans the biggest MacBook Air redesign in its history and an iPhone 14 with a hole-punch-sized notch

  Techmeme   ·   2 weeks ago