Trending Stories from bloomberg.com
Saudi-based customer communications service Unifonic raises $125M Series B led by SoftBank Vision Fund 2 and Sanabil, which is owned by Saudi Arabia's PIF
Caresyntax, an AI-powered platform that aims to reduce deaths from surgery-related complications, adds $30M to its Series C, bringing the round total to $130M
Sources: US probe into Binance expands to include CFTC's review of alleged insider trading and market manipulation, following criminal probes by DOJ and the IRS
Tencent now lets WeChat users link to rival services such as Taobao or Douyin for the first time, complying with demands by Chinese regulators
Jay-Z's Roc-A-Fella sues to stop co-founder Dash from selling the copyright to Jay-Z's debut album as an NFT, saying he has no legal right to do so
Digital identity management firm ForgeRock closed up 46% in its NYSE debut for a market cap of ~$2.9B, after raising roughly $275M in its IPO
Fantasy sports startup Sleeper, which has expanded into esports and has 3M+ users, raises $40M at a $400M valuation led by a16z
As China expands its crackdown, Tencent loses its place among the world's 10 largest companies by market value, leaving no Chinese companies on the list
Sources: China's crypto mining crackdown has expanded to focus on colleges, research institutions, and data centers, as fears over its winter power supply grow
Avalanche Foundation, whose AVAX token is up 65% over the past week, raises $230M led by Polychain and Three Arrows Capital
Online education giant Byju's says it has acquired Tynker, which offers courses on coding, sources say for around $200M in cash and stock
Oppo is cutting around 20% of its staff in key software and device teams after it merged operations with affiliate OnePlus
Brooklyn-based Genius, a music-annotating startup that provides context for rap lyrics, has sold its assets for $80M, less than the total funding it raised
FTC says Alphabet, Amazon, Apple, Facebook, and Microsoft made 819 unreported acquisition deals of $1M+, including for patents and acquihires, from 2010 to 2019
Discord says it has raised $500M led by Dragoneer, Fidelity, and others, source says at a ~$15B post-money valuation
Thoughtworks shares close up nearly 40% in its Nasdaq debut, valuing the company at ~$9B, after raising roughly $773M in its IPO
Persona, an identity verification startup used by Robinhood, DoorDash, and Square, raises $150M Series C led by Founders Fund at a $1.5B valuation
Berlin-based online language learning company Babbel seeks to raise as much as €316M in a Frankfurt IPO, pricing shares at €24 to €28, valuing it up to €1.27B
Book excerpt examines Peter Thiel's support for Trump and partnership with Steve Bannon, libertarian ideology, battles with the IRS, and founding of Palantir
Last week's court ruling leaves the door open for Apple to still attempt to collect a 30% commission from app developers who use their own payment methods
Nextiva, a communications software company similar to RingCentral and Vonage, raises $200M from Goldman Sachs at a $2.7B valuation, its first outside funding
Educational software companies Blackboard and Anthology are merging, sources say at a combined value of about $3B; terms of the deal were not disclosed
South Korea fines Google $177M for abusing market dominance, says Google prevented companies like Samsung from developing or using modified versions of Android
Antitrust lawyers say the judge's recent ruling in Apple v. Epic presents challenges for DOJ's investigation, as Apple was not found to violate the Sherman Act
NYC-based Orchard, which offers cash to homebuyers upfront for a new home before selling their old one, raises $100M Series D at a valuation of more than $1B
What to expect from Apple's September 14 event: narrower notch on iPhone 13, LTPO displays for Pro models, redesigned Watch Series 7 with a bigger screen, more
Sources: US officials are considering a Financial Stability Oversight Council review into whether Tether and other stablecoins threaten financial stability
World’s Top Beef Supplier Approves Methane-Busting Cow Feed
Epic ruling is a win for Apple as it costs the company just a few billion annually and doesn't force Apple to change its fees or let 3rd-party app stores on iOS
Sources: Stripe is in early discussions with investment banks about going public as soon as next year, either through a direct listing or an IPO
Kakao and its subsidiaries have lost $16B+ in market value this month amid S. Korea's tech crackdown and as some lawmakers call the company "a symbol of greed"
Match Group appoints Renate Nyborg as the new CEO of Tinder; Nyborg last served as Tinder's general manager of Europe, Middle East, and Africa
Sources: Apple has appointed longtime Apple Watch and Health software chief Kevin Lynch as the new head of its Apple Car project after Doug Field's departure
Twenty percent of a picture of a dog
Resecurity: hackers gained access to UN's proprietary project management tool Umoja from April 5 to August 7, stealing an unknown amount of data
Singapore-based online gaming and e-commerce company Sea announces a new secondary offering in stock and equity-linked debt, seeking to raise about $6.28B
FOIA records show Google settled with a software engineer allegedly fired for his workplace activism in 2019; settlement was approved in July by the NLRB
Filing: Nvidia requests European Commission approval of its Arm acquisition, beginning the EU's official probe; provisional deadline for a ruling is Oct. 13
CrowdStrike says REvil's infrastructure and website is accessible on the dark web after it went offline in July
Ford Hires Away Executive Leading Apple’s Car Project
Former PlayStation boss Shawn Layden reveals he left due to burnout, and says the industry has a sustainability problem due to rising game development costs
Crypto exchange Bitso says it is the core service provider for El Salvador's Chivo wallet and will work with Silvergate Bank to facilitate USD transactions
CoinGecko: Solana's SOL token has more than tripled in value over three weeks and has a $45B+ market cap, making it the seventh most valuable cryptocurrency
Sources: Apple Watch Series 7 will be announced alongside the new iPhone, but production issues may cause the new models to ship late or in limited quantities
Juniper breach mystery starts to clear with new details on hackers and U.S. role
Amazon launches an app to provide info on crops to Indian farmers, as it looks to tap into the produce market that accounts for the bulk of India's retail spend
Techmeme · 2 weeks ago