Trending Stories from bloomberg.com
Inside the bitter battle Carl Icahn-backed Xerox is waging to take over HP and its printer business, potentially sparking a fight worth at least $35B
TikTok, with 145M US downloads, claims Chipotle-sponsored #boorito hashtag had 3.9B views; Captiv8: hashtag campaigns cost ~$150K, homescreen takeover $50K/day
We Just Witnessed the Fastest Stock Market Correction on Record
Sources: Apple has lost a pair of veteran execs from manufacturing, supply chain, and operations groups who had key roles in the production of major devices
Sources: Nokia is working with advisers to explore strategic options ranging from asset sales to mergers
Ford's e-scooter rental startup Spin to expand internationally, starting with Cologne, Germany, as soon as the spring, with plans to apply for a permit in Paris
U.S. Identifies First Coronavirus Case Without Outbreak Ties
Oracle Reveals Funding of Dark Money Groups Fighting Big Tech
At Apple's shareholder meeting, Tim Cook says it will open its online store in India this year, with physical stores in 2021, and addresses COVID-19 concerns
Reddit Posters Pick the Stocks Now
Sources: Invite Media reduced its assets before Google's $80M acquisition in 2010 to avoid requiring FTC approval, the kind of deal the FTC is now re-examining
Bangalore-based Rupeek Fintech, an online lender that dispenses loans against gold jewelry and heirlooms, has raised $60M, source says at a valuation of $300M+
Autonomous vehicle startup Pony.ai has raised $462M in its latest funding round led by Toyota at a valuation of more than $3B
Walmart Gets Into Health Care
Hacker News · 3 days ago
Review of Apple's Chinese Store websites shows around 30 of 42 have reopened, most with shortened hours, as the company seeks to rebound from COVID-19's impact
Seattle Tech Employees Earn 56% More Than NYC Finance Workers
NTSB to convene its second hearing on a fatal crash involving Tesla's Autopilot; Tesla still hasn't formally responded to recommendations from the 2017 hearing
Inside the final days of HQ Trivia: an acquisition offer from media company Whistle died abruptly amid extreme animosity between founders, staff, and management
Sources: SoftBank's Vision Fund 2 is investing $100M in compliance and employee-monitoring software company Behavox at a ~$500M valuation
Netflix says it will launch top 10 lists to rank the most popular shows and movies, updated daily, after testing the feature in Mexico and the UK
Trump Ads Will Take Over YouTube’s Homepage on Election Day
Maybe Global Supply Chains Were a Bad Idea
Sources: the Trump campaign has bought exclusive nationwide masthead ads on YouTube for days leading up to and on election day; ads may cost up to $1M+ a day
Sources: around 300 workers at Oracle offices around the world walked out on Thursday to protest Larry Ellison's fundraiser for Trump on Wednesday
Sources: Apple is weighing an option to set third-party browser and email apps as defaults on iPhones and iPads and third-party music services on the HomePod
Trump administration urges Supreme Court to reject Alphabet's appeal against Oracle, on the same day Trump attended a re-election fundraiser by Larry Ellison
Family planning telehealth startup Maven raises $45M Series C from Icon Ventures, Sequoia, others, and launched its Wallet service to manage benefits this year
Humanity’s Methane Problem Could Be Way Bigger Than Scientists Thought
Profile of neobank Chime, which has 8M accounts, is reportedly valued at $5.8B, and will soon offer 1.6% interest on savings, compared to industry average of 1%
Chinese Companies Say They Can’t Afford to Pay Workers Right Now
Twitter acquires Chroma Labs, which makes tools for video and photo creation, will split team across product, design, and engineering, shut down Chroma Stories
Sources: iPhone SE 2 is on track to launch in March despite coronavirus crisis and updated iPad Pro models with a new camera system are expected in H1 2020
Sources: Indonesia's ride-hailing service Gojek purchased a 4.3% stake in local taxi operator PT Blue Bird, for $30M
Sources: Palantir is changing employee compensation, moving from cash bonuses toward restricted stock units by next year, to cut costs and prepare for an IPO
SoftBank’s $375M Bet on Pizza Went Bad Fast
Amazon is cutting ties with small delivery firms in the US because they don't meet its delivery standards, putting at least 1,300 drivers out of work
Techmeme · 2 weeks ago
Nonprofits say Facebook's donation tools let them reach big audiences with minimal effort, but give them "virtually useless" data on actual donors
Motorola Wins $765 Million Over Theft by Chinese Radio Rival
Gerard Williams III, the former Apple exec sued by the company for allegedly poaching employees for his startup Nuvia, claims Apple is poaching his employees
Cheap Gas Imperils Climate Fight by Undercutting Wind and Solar
Sources: Sony PlayStation 5's manufacturing costs may be around $450 per unit due to scarce components
Toast, a cloud-based restaurant management platform, raises a $400M at a $4.9B valuation, says its revenue grew 109% in 2019
Boston-based Flywire, which helps universities, hospitals, and businesses accept payments made in foreign currencies, raises $120M Series E at a $1B valuation
Companies flooding Kenya with apps offering high-interest loans
The number of companies skipping MWC over coronavirus keeps rising, with Facebook, AT&T, Cisco, Sony, Intel, Amazon, Nvidia, and MediaTek among those missing it
To challenge Netflix and tap Culver City's deep entertainment resources, Amazon, Apple, and HBO are moving into vast office and production spaces in the city
Techmeme · 3 weeks ago