Trending Stories from bloomberg.com
Meta will shut down Novi, its digital wallet pilot, on September 1; users will no longer be able to add money to their accounts starting July 21
Three Arrows Capital files for Chapter 15 bankruptcy, a move that protects its US assets while a liquidation is carried out in the British Virgin Islands
In a letter to nine GOP senators, TikTok says China-based employees who clear internal security protocols can access certain information on TikTok's US users
Uber received 3,824 reports of sexual assault and misconduct in 2019 and 2020, down 38% from 2017 and 2018, but the rate of fatal physical assaults rose 18%
Zoom is returning to its business software roots to revive growth, after two years of trying to monetize consumers, many of whom stuck with free 40-minute calls
Interviews detail Didi's fall due to China's crackdown, losing $60B+ in market cap in one year and blindsiding executives, after its $4.4B US IPO in June 2021
Filing: ex-Apple retail chief Ron Johnson's at-home tech setup company Enjoy files for bankruptcy, less than a year after its SPAC merger, and sells to Asurion
CoinFlex postpones resuming withdrawals; CEO says they will return "as soon as possible, upon a successful raise" but won't share how much its token has raised
Bitcoin is on track for its worst quarter since Q3 2011, dropping 56%, after falling as much as 4.4% to just above $19K on Thursday
An in-depth look at the 2016 Bitfinex hack and US government's case against Ilya Lichtenstein and Heather Morgan, aka Razzlekhan, over alleged money laundering
South Korea's chip stockpile has jumped 53.4% YoY in May, the most in more than four years, suggesting a slowdown in demand for memory chips
Niantic, the company behind Pokémon Go, lays off 8% of its staff, around 85 to 90 people, and cancels four projects; Niantic was valued at $9B in November 2021
EU lawmakers provisionally agree on anti-laundering rules for crypto, requiring verified customer identities for transfers between regulated digital wallets
Elliptic: North Korea-backed hacking group Lazarus might be behind Harmony's $100M altcoin theft; the hack bore similarities to the $600M Ronin bridge attack
Experts express concerns over hackers commandeering ship controls, including automated steering and propulsion systems, despite efforts to address the issues
Sources: the Treasury Department and the IRS are likely to postpone a January 2023 starting date for crypto companies to track clients' capital gains and losses
Sources: Tesla lays off ~200 Autopilot workers, most of them hourly and focused on labeling data, and closes its San Mateo office, as part of broader reductions
Deliveroo plans to expand ads on its app and website in July, including on the order-tracker page, as the company seeks profitability
A profile of ADT, which is helping sell and install Nest smart home products, as it prepares to unveil its own smart home security software and hardware in 2023
Source: Byju's has offered to buy 2U Inc. for ~$15/share, a 61% premium to its Tuesday closing price, in a cash deal that values the US edtech company at ~$2B
Sources: Samsung Display acquires Germany-based OLED startup Cynora, which specialized in displays for foldable devices, for about $300M for its IP and tech
After announcing plans to acquire Blinkit, Zomato's stock dropped 6.6% on Monday and ~8% on Tuesday, 21% below its IPO price, cutting ~$1.1B from its market cap
FrontApp, which offers the Front customer communications tool, raised $65M led by Salesforce and Battery at a $1.7B post-money valuation, up from $859M in 2020
After freezing withdrawals, crypto exchange CoinFlex plans to issue up to 47M Recovery Value USD tokens, offering a 20% annual return, to repay a $47M debt
Netflix plans to grow its investment in the Asia Pacific, which has 15% of Netflix's subscribers and is forecast to be the biggest driver of further expansion
Paris-based Kaiko, which offers crypto analytics tools for institutional investors and businesses, raised a $53M Series B led by Eight Roads
Siemens plans to buy Brightly, a North Carolina-based provider of buildings and infrastructure management software, from Clearlake Capital for $1.58B
Sources: Sam Bankman-Fried's crypto exchange FTX is exploring an acquisition of Robinhood; Robinhood's stock closes up 14%
Filing: South Korea's largest car sharing startup Socar files for an IPO in Seoul on August 18, seeking to raise at least ~$119M and pricing shares at ~$26-$35
CB Insights: global VC activity dropped 23% between Q1 2022 and June 23, 2022, after dropping just 1.4% between Q4 2021 and Q1 2022; total funding dropped 27%
Sources: Apple is about to embark on one of the most ambitious periods of new products in its history, with a deluge coming between the fall of 2022 and H1 2023
How TikTok is cashing in on its exploding popularity; source: TikTok plans to grow its e-commerce gross merchandise volume to $2B in 2022 and $23B in 2023
US judge rules that Pinterest must face a suit by digital marketing strategist Christine Martinez, who says she co-created Pinterest but was never compensated
Source: in February, Meta started an official internal process to shut down CrowdTangle, but paused the plan as the EU's Digital Services Act gained traction
Seeking to regain relevance, screenshots show Clubhouse is testing private rooms, internally called Houses, to encourage friendlier social interactions
A US judge requested data from British and Chinese government agencies about TikTok, WeChat, and Telegram, bolstering Meta's defense in its FTC antitrust suit
Internal memo: two of Amazon's top Black executives, SVP of logistics warehouses Alicia Boler Davis and VP of transportation services Dave Bozeman, are leaving
Techmeme · 2 weeks ago
Leap, which offers online resources like visa assistance to help Indians study abroad, raised $75M led by Owl Ventures at a nearly $1B valuation
SoftBank Group International CEO Michel Combes is leaving his post after five months and will be replaced by SBGI Managing Partner Alex Clavel on June 30
UK-based CloudNC, which seeks to automate manufacturing using AI, has raised a $45M Series B led by Autodesk, with Lockheed Martin and others participating
Crypto payments company MoonPay partners with Universal, Fox Corp., Death Row Records, and others to create NFT collections on its HyperMint service
France's antitrust watchdog declines to levy further fines against Google over paying publishers, saying Google has significantly improved its commitments
Analysis: China has 19 of the world's 20 fastest-growing chip industry firms of the past four quarters, on average, compared to eight at the same time last year
Crypto broker Voyager Digital secures a $485M loan from FTX CEO Sam Bankman-Fried's Alameda Research, including $200M credit and 15,000 bitcoins, worth ~$285M
Profile of China's Realme as Counterpoint says it had a 16% share of India's smartphone market in Q1'22, up from 11% YoY, behind Xiaomi's 23% and Samsung's 20%
A look at crypto "shark traders", who scour blockchain records for information on traders with highly leveraged positions and try to push them into liquidation
3M’s PFAS Crisis Has Come to Europe
Hacker News · 2 weeks ago