Trending Stories from bloomberg.com
US says it has seized more than 300 cryptocurrency accounts and millions of dollars used by al-Qaeda, Hamas' military wing, and ISIS
Apple's pledge to go carbon neutral by 2030 relies in large part on its Taiwanese suppliers TSMC and Foxconn, which use around 90% non-renewable sources
Sources: Palantir is planning to go public through a direct listing of its shares in late September
Sources: Airbnb reported Q2 revenue of $335M, down from $842M in Q1 and over $1B in Q2 2019, as its adjusted loss rose to $400M, up from $341M in Q1
After a $650M settlement in a biometric data collection case last month, Facebook faces a new suit alleging Instagram collects biometric data without consent
Techmeme · 1 day ago
CuriosityStream, a streaming service for documentaries on science and history, has agreed to go public through a ~$330M merger with Software Acquisition Group
Small Businesses Are Dying by the Thousands – and No One Is Tracking the Carnage
France's privacy watchdog CNIL says it has opened a probe into ByteDance's TikTok, as part of an investigation into plans to open an EU HQ for data purposes
Facebook says it removed 22.5M posts for violating hate speech policies in Q2, up 2x from Q1, and that 95% of the violations were caught using automated systems
Kroger says it is working with Mirakl to develop an e-commerce marketplace for third-party vendors, in a bid to compete with Amazon and Walmart
Techmeme · 2 days ago
Source: AmEx is in advanced talks to buy SoftBank-backed online lender Kabbage for as much as $850M in an all-cash deal as soon as this month
In a lawsuit brought by CA's AG, judge issues a preliminary injunction ordering Uber, Lyft to convert their drivers to employees, paused for 10 days for appeals
Facebook says it has created Facebook Financial, a new group headed by David Marcus that will run all payments projects, including Facebook Pay
Robinhood says its daily average revenue trades were 4.31M in June, about 4x E*Trade's fee-generating trades and higher than other publicly traded rivals
Online property brokerage Beike, backed by Tencent and SoftBank, files for a US IPO, aiming to raise $2B in the largest US IPO by a Chinese company since 2018
Trump Blew Up More Than Just TikTok and WeChat – The latest executive orders targeting China could be deep and damaging. Brace for impact.
Tencent stock plunges more than 10%, shedding $45B+ of market value, after Trump's announcement of a US ban with the company starting next month
Dropbox reports Q2 revenue of $467.4M, up 16% YoY, paying users up 1.4M YoY to 15M, as CFO Ajay Vashee plans to step down in September
With the introduction of Reels, Instagram has become too complicated, even more so than Facebook, when it comes to deciding where and how to post
Techmeme · 1 week ago
As the US blocked use of chips designed by Huawei, MediaTek's stock has jumped, overtaking Hon Hai's market value, making it Taiwan's second-biggest company
Uber buys UK-based taxi-software company Autocab, in a deal that will extend the company's reach in the UK from ~40 locations to ~170
Intuit has agreed to acquire TradeGecko, an inventory and order management software platform for small retailers and wholesalers, sources say for $80M+
Rackspace closed ~22% down on its first day of trading, after raising $704M in its IPO, and now has a market value of $3.26B
Shares of e-commerce startup BigCommerce rose as much as 292% above its $24 IPO Wednesday; stock closed up 201% and raised $216M
Sources: Tencent is in talks to merge China's biggest game-streaming platforms Huya and DouYu, which would have a combined market value of $10B with 300M+ users
Interviews show Google automating mental health ads has boosted big firms and sidelined independent therapists, forcing them to spend more or face irrelevancy
Blackstone says it has reached a $4.7B deal for a majority stake in Ancestry.com; sources say Singaporean sovereign-wealth fund GIC will retain a ~25% stake
How Amazon is preparing its first Prime Day since COVID-19 in India with a virtual operations room, stringent hygiene protocols for packers/deliverymen, more
Techmeme · 1 week ago
London traders hit $500M jackpot when oil went negative
Square reports Q2 total net revenue of $1.92B, up 64% YoY, with Cash App generating $875M in bitcoin revenue, gross profit up 167% YoY; stock up 11% after hours
Rippling, an employee data management company led by Parker Conrad, raises $145M led by Founders Fund, valuing it at $1.35B, up 5x from its last valuation
Booking.com says it will lay off as much as 25% of its workforce globally, or about 4,000 employees, due to the COVID-19 pandemic
In a letter to staff, ByteDance founder and CEO Zhang Yiming says a forced sale of TikTok to a US buyer is "unreasonable" and the real goal of the US is a ban
Blizzard Workers Share Salaries in Revolt Over Wage Disparities
Blizzard workers share salaries in revolt over wage disparities
YouTube says the number of creators who no longer rely on ads for the majority of their earnings grew 40% between January and May
UAE Starts Operation of Arab World’s First Nuclear Power Reactor
Farmers Business Network raises $250M led by BlackRock, sources say at a valuation of $1.75B, for its agronomic data sharing service
Trump says he is fine with the idea of Microsoft buying TikTok in US, but the US government should be paid a "substantial amount of money" as part of the deal
Sources: AGs from NY and CA are partnering with the FTC to investigate Amazon's online marketplace, with plans to interview witnesses in coming weeks
Techmeme · 1 week ago