Trending Stories from bloomberg.com
Sources: as German car trading service Auto1 plans its IPO, Sequoia and Lone Pine will each buy €50M shares from existing investors and put €50M+ into its IPO
Sources: Citrix is in advanced talks with Vista Equity Partners to buy Wrike for $2B+, after the PE firm acquired the work-management service for ~$800M in 2018
Yidu Tech, which offers AI software to the health care industry, saw its shares jump 148% in its Hong Kong debut on Friday after raising ~$531M in its IPO
More than 20 current and former CD Projekt staff say development of Cyberpunk 2077 was marred by unchecked ambition, poor planning, and technical shortcomings
Miami PD says it is using facial recognition tech from Clearview AI to identify Capitol rioters, raising concerns among civil liberty and privacy advocates
Toxic Positivity Is Doing More Harm Than Good
Sources: Apple has begun preliminary work on an iPhone model with a foldable screen, while testing an in-screen fingerprint reader for 2021
Sources: Apple to launch redesigned iMacs this year with a Pro Display XDR-like design, and is working on two new Mac Pros, one of which may use Intel CPUs
Netflix diversity report: women make up 47.1% of its global workforce; 8% of US staff are Black, more than 2x the share in 2017; 8.1% of employees are Hispanic
Customer service software provider LiveVox to go public through a merger with a SPAC in a transaction valued at $840M
Norway's consumer protection agency details how Amazon riddles the process of canceling Prime with "dark patterns," calls on regulators to investigate
Techmeme · 5 days ago
Report: VC funding in the US reached a record high of $130B in 2020, up 14% YoY, but the total number of deals fell to 6,022, down for the second year in a row
Facebook says it's removing posts of fliers promoting events leading up to Biden's inauguration, echoing warnings from law enforcement about another attack
Sources: Poshmark is pricing its IPO at $42 per share, raising $277M, up from its $35-$39 price initially noted in an earlier filing
Online therapy service Talkspace agrees to merge with a SPAC in a deal worth $1.4B that provides Talkspace with $250M in funding
Internal report: DoD halts deployment on classified networks of its $2B+ cybersecurity system for detecting intrusions and stopping attacks, citing poor results
A look at Spotify's push into podcasting as it seeks profitability: ~2M podcasts are available, up from 2,500 in 2017, and 20% of its users listen to podcasts
Sources: Affirm priced its IPO at $49 per share, above the marketed range of $33 to $38 set earlier this week, raising roughly $1.2B
Zoom says it is seeking to raise $1.5B through a new stock offering
UK online greeting cards company Moonpig says it will list on London's stock exchange, sources say with an expected valuation of over £1B
CEO of London-based payments company Checkout.com says it raised $450M in funding led by Tiger Global at a $15B post-money valuation, up from $5.5B last year
Germany's Merkel calls Twitter banning Trump "problematic", arguing speech moderation should happen by law, not corporate decision, a sentiment echoed by France
Twitter stock fell 7%+ in first trading since permanently banning Trump; one analyst says Twitter could be inviting regulation by making editorial decisions
Enfusion, a fintech startup specializing in software for asset managers, says Iconiq Growth has invested $150M in the company at a $1.5B valuation
Turkey Starts Antitrust Investigation Into WhatsApp, Facebook
China's most popular workout app Keep raises $360M Series F led by SoftBank's Vision Fund with Tencent among investors, as sources value it at ~$2B post funding
Betsy DeVos Resigns From Trump Administration After Capitol Riot – Bloomberg
Twitter Permanently Bans President Donald Trump’s Account – ASAT 2325GMT
Intel Talks with TSMC, Samsung to Outsource Some Chip Production
Cisco sues optical interconnect equipment maker Acacia Communications for trying to end a $2.6B merger after Acacia said it failed to get approval from China
Hired Russian hacker Andrei Tyurin, who pled guilty in 2019 to stealing data of 100M+ clients of JPMorgan and others, has been sentenced to 12 years in prison
Sources: Chinese online grocery delivery startup Xingsheng Youxuan has raised $100M from Tencent at a $5B valuation
Sources: China's Baidu has selected CLSA and Goldman Sachs for its planned second listing in Hong Kong, which could raise at least $3.5B
Sources: Intercontinental Exchange's Bakkt is in advanced talks to go public via a merger with SPAC; combined entity could be valued at $2B
Sources: Apple is developing an autonomous, electric vehicle, which could be released in five to seven years, as it adds more ex-Tesla execs to the project
Sources: Robinhood is considering the unusual move of selling some of its shares directly to its own users when it goes public this year
CoinGecko data: total market value of cryptocurrencies passed $1T for the first time on Thursday as bitcoin hit $39K
Facebook's Andrew Bosworth says its smart glasses, built in partnership with Ray-Ban, will arrive "sooner than later" in 2021 without AR features
An oral history from 24 people describing how Microsoft developed the original Xbox, initially an over-budget ungainly product, and reshaped the gaming industry
IBM Names Former Goldman President Gary Cohn as Vice Chairman
NYSE Weighs Reverting to Original Plan to Delist China Shares
Amazon says it is buying 11 used Boeing 767-300 planes from Delta and WestJet, the first time the company has purchased aircraft for its air cargo operation
Techmeme · 2 weeks ago