Trending Stories from bloomberg.com
McAfee raises $740M in its IPO at $20 per share in its return to the public market, valuing the company at $8.6B
Study: companies are increasingly tailoring their financial statements to cater to algorithms parsing text and speech and avoiding phrases perceived as negative
ThredUp, an online marketplace for second hand clothes, files for a US IPO, reportedly looking to raise $200M-$300M
Tekion, which offers a service that connects car makers, dealers, and buyers, raises $150M Series C led by Advent at a $1B+ valuation
Microsoft releases its 2020 US diversity report: workforce was 4.9% Black and 6.6% Latinx and Hispanic, both up just 0.3% YoY, and 6.1% identify as disabled
GM Debuts Electric Hummer Pickup With $80,000 Starting Price
Pinterest adds Salaam Coleman Smith, former top exec of Disney's ABC Family and president of NBCUniversal's Style Media, to its board of directors
The DOJ's anti-trust complaint against Google alleges it paid US mobile carriers $1B+ last year in search advertising revenue sharing deals to box out rivals
In its antitrust lawsuit against Google, DOJ argues that Google and Apple worked as "one company" on a search deal, estimates Apple's receives $8B to $12B
Retool, a low-code tool for creating enterprise apps, raises $50M in Sequoia-led round, valuing it at $925M, with GitHub CEO and Stripe founders among investors
U.S. Poised to Sue Google Tuesday in Landmark Antitrust Case
Intel agrees to sell its NAND memory unit to SK Hynix for about $9B; the acquisition includes Intel's solid-state drive, NAND flash, and wafer businesses
Exoskeleton Suits Turn Car Factory Workers Into Human Robots
China passes a new export control law, in effect from Dec. 1, that will let it take reciprocal measures if any country or regions abuse their export controls
Uber to invest $50M in SK Telecom's T Map Mobility in South Korea, and $100M in a new ride-hailing joint venture with SK Telecom for a 51% stake
Sources: Comcast's NBCUniversal and some PE firms approached Disney earlier this year about acquiring Hulu or operating it as a partnership, but were rebuffed
Sources: Nextdoor is considering going public, through a direct listing or merger with a SPAC, targeting a $4B-$5B valuation; it was last valued at $2.2B in '19
Rolls-Royce’s New Car Was So Quiet at First, It Nauseated Drivers
Source: Robinhood estimates that ~2,000 accounts were compromised in a recent hack; Robinhood said a "limited number" were affected by personal email breaches
Ajit Pai says FCC will start a rulemaking to clarify the meaning of Section 230, and social media doesn't have "special immunity denied to other media outlets"
International operation by UK, US, Australia, and others arrests 20 in connection with QQAAZZ group, which police say has laundered millions for cyber criminals
Huya Agrees to Buy DouYu to Create Chinese Game Streaming Giant
Despite strict enforcement, Airbnb and other rental sites are struggling to curtail a surge in party houses, as party organizers find ways to get around rules
Tokyo’s internet Jesus uses secret creed to command CEOs
Twitter says it will remove posts that deny the Holocaust for violating hateful speech policies, following Facebook's similar decision
Filing: Amazon warehouse workers in New York say the company has reinstated dangerous productivity quotas due to Prime Day, reneging on a promise of leniency
Techmeme · 1 week ago