Trending Stories from bloomberg.com
The Hidden Dangers of the Great Index Fund Takeover
Goodbye, New York, California and Illinois – Hello where?
Toshiba Touts Algorithm That’s Faster Than a Supercomputer
Jack Dorsey asks Elon Musk how to fix Twitter. Musk’s suggestion: identify the bots.
How spyware from eSurv, which was helping police hack suspects' phones in Italy, was allegedly used by its employees to hack the phones of innocent Italians
Climate Change Is Killing Alpine Skiing as We Know It
Apple Acquires Artificial Intelligence Company Xnor.ai
Carlos Ghosn’s Escape to Beirut
Toyota Makes a New $394 Million Bet on Flying Taxis
US and China sign a "phase one" trade deal that seeks to limit theft of American tech and trade secrets by Chinese companies, such as through joint ventures
Source: ZA Bank, one of eight firms granted a Hong Kong digital banking license, starts a pilot with a 6% rate for deposits, twice above the market rates
India’s About to Hand People Data Americans Can Only Dream of
The End of the Bonus Culture Is Coming to Wall Street
Tesla Surges Above $500, Leaving Analyst Targets in the Dust
Mass Evacuation Underway in German City over WWII Bombs
Women now make up the majority of the U.S. labor force
Uber to Leave Colombia (2.2M Users Market)
Fiat Will Effectively Fund Tesla’s German Factory
Sources: SoftBank-backed Oyo has let go of 1,800 staff: 5% of its 12K employees in China and 12% of its 10K staff in India, plans to cut 1,200 more in India
Just Eat investors holding 80.4% of shares approve Takeaway's $8B all-stock bid, ending the bidding war with Prosus to take over UK-based food delivery startup
PitchBook: enterprise tech startups raised ~$30.4B in 2019, surpassing consumer tech startups, which raised ~$23.3B, for the first time in at least five years
Medical technology company Masimo sues Apple, claims it infringes on 10 patents and has stolen its tech related to blood oxygen level and heart rate monitoring
23andMe licenses its own drug compound to Spanish firm Almirall
Government data: iPhone sales in China rose by 18.7% YoY to ~3.18M units in December, driven by iPhone 11; overall shipments in China were ~30M, down 13.7% YoY
Report: Facebook Gaming's market share rose to 8.5% of all streaming hours watched last month, up from 3.1% in Dec 2018, while Twitch dropped to 61% from 67.1%
Techmeme · 1 week ago
TikTok accounts impersonating world leaders and politicians, who have largely stayed away from the platform, are multiplying, despite its ban on fake accounts
Apple Privacy Executive Defends Encryption After FBI Request
Boeing Backs Simulator Training for 737 Max Pilots in Reversal
Seven senators, including McConnell, back bipartisan bill to grant publishers a four-year antitrust exemption to negotiate financial terms with tech giants
HP wins $439M after federal judge triples a jury's 2019 award against Quanta Storage for damages in a scheme to inflate the price of optical disk drives
A look back at cyber attacks on US organizations that were attributed to Iranian hackers, as some fear an increase in such attacks after Soleimani assassination
Uber, Postmates sue CA to block AB5, days ahead of bill taking effect, say law unconstitutionally targets gig economy companies and benefits other industries
Egypt approves Uber's $3.1B acquisition of Careem after setting price caps and other measures designed to keep the local market competitive
Samsung plans to rival chip foundry market leader TSMC, as it invests heavily in a chip miniaturization process called extreme ultraviolet lithography
Sources: earlier this year, YouTube considered screening all videos for kids under 8 in YouTube Kids but dropped the idea to avoid looking like a media company
The Hottest New Thing in Seasteading Is Land
The story of Daniel Kaye, aka Spdrman, who was one of the most wanted hackers when he took down Liberia's internet in 2016 and will soon be released from prison
We Kept Almost Making Money
Nuclear fusion startup raises $100M to design and build a demo power plant
Travis Kalanick Is Exiting His Uber Holdings Uber Quickly
Palantir wins a one year $111M contract to connect US Army's operations systems into a single dashboard; Palantir reportedly took over Project Maven
China-based autonomous air taxi company EHang closed at $12.49 in its first day of trading on Thursday, down one cent from its US IPO price after raising $40M
Books on Thinking About Thinking
Ping An's financial technology arm OneConnect closes flat on its first day of trading after raising $312M in its US IPO, which valued the company at $3.66B
Andrew Yang’s Math on the Robot Takeover Doesn’t Check Out
Sources: YouTube's premium services have 800K+ subscribers in India and are growing faster than rival paid services including Spotify, Gaana, and JioSaavn
A look at the rise of Roku, which is valued at $17B and whose stock is up 300% this year, amid escalating competition from Amazon, Google, and others
Techmeme · 1 month ago