Trending Stories from bloomberg.com
Tencent-backed Kanzhun, owner of Chinese online recruitment platform Boss Zhipin, closed up 96% in its trading debut, after raising $912M in its US IPO
Fewer young men are in the labor force, more are living at home
Sources: TikTok is asking for more than $1.4M for top view ads in Q3 and $1.8M in Q4, a significant increase YoY, and forecasts ~$40B in global ad sales in 2021
Sources: Intel offered to acquire SiFive, which designs chips that are based on the RISC-V architecture, for more than $2B
Sources: Apple has hired Ulrich Kranz in recent weeks to help lead its work on an electric car; Kranz ran development of the BMW i3 and i8
Workplace collaboration company Monday.com raises $574M in its IPO, after selling shares for $155, valuing it at $6.8B; Salesforce and Zoom both invested $75M
Israeli startup Glassbox, which provides automated tools to optimize web and mobile apps, raises $100M in its Tel Aviv IPO, valuing it at ~$500M
Cerebral, which provides counseling, medication, and other mental health services through an app, raises $127M led by Access Industries at a $1.23B valuation
Research: cost per click for Amazon search ads was $1.16 in May, up from $0.75 YoY; eMarketer says Amazon's ad revenue in the US will cross $20B this year
Techmeme · 4 days ago
Start-Up Nation: Israeli startups have raised $10.5B so far this year, already surpassing 2020's record, with 30 rounds raising $100M+, up from 21 last year
Sources: Sequoia Capital is considering changing how it distributes investment returns in a bid to avoid tax increases proposed by Biden's administration
Data analytics startup Amplitude raises $150M led by Sequoia Capital at a $4B valuation, up from $1B last year
Google will show more mobile search apps to choose from on new Android phones in Europe and make participation free for search providers
Chainalysis: American bitcoin traders made $4.1B in profits last year, 3x more than Chinese traders, followed by Japan, UK, Russia, and Germany
Under G7's proposed tax rules, tech giants like Facebook and Apple would still be unlikely to shift bases from Ireland, which has perks like a low 12.5% rate
LetsGetChecked, which lets users order home health tests and get follow-up care via digital consultations, raises $150M led by Casdin Capital at $1B+ valuation
OpenSooq, a Jordan-based online classifieds service, raises $24M led by the Saudi Jordanian Investment Fund
Sources: Apple to announce better multitasking and widget placement for iPadOS, status-based notification alerts, an improved Messages app, and more at WWDC
Square partners with Blockstream, says it will invest $5M to build a solar-powered Bitcoin mining facility at a Blockstream Mining site in the US
Snowflake CEO says diversity shouldn't "override" merit in hiring decisions, claiming other CEOs feel the same way but are reluctant to say so publicly
Investigator says hackers breached Colonial Pipeline through a VPN account whose password has since been discovered inside a batch of leaks on the dark web
Germany's antitrust regulator says it will probe Google News Showcase to check if Google's terms offer "unreasonable conditions" to publishers
Sources: Apple is working on a new iPad Pro with MagSafe charging and a glass back, for release in 2022, and a redesigned iPad Mini for release later in 2021
Thirty Madison, a telemedicine startup that specializes in treating chronic conditions, raises $140M led by HealthQuest Capital at more than $1B valuation
Seattle-based Outreach, which offers sales intelligence tools, raises $200M at a $4.2B valuation
Sources: file sharing service WeTransfer plans to seek a €1B valuation from an IPO later this year in Amsterdam; source says IPO could happen this month
As Vietnam's e-commerce market is forecast to grow to $52B by 2025, a look at the local and foreign investors, like Alibaba and Amazon, vying for a foothold
Shippo, a shipping software and services startup, raises $50M led by Bessemer at a $1B valuation
JBS says it has made "significant progress" to resolve the cyberattack impacting operations and the "vast majority" of its meat plants will be operational Wed.
One-Fifth of U.S. Beef Capacity Wiped Out by JBS Cyberattack
LinkedIn data shows Austin is the top beneficiary of tech-related migration in the past 12 months, followed by Nashville; Miami was #11 by net migration rate
Bitcoin miners in Argentina are capitalizing on government-subsidized electricity, as foreign currency exchange rules that ban buying USD make crypto attractive
China is escalating a crackdown on its online education sector, which received $10B+ in VC funding last year, unraveling plans for several mega-IPOs
Apple releases its supplier responsibility report for 2020, saying there was a reduction in major violations of its code of conduct and no cases of child labor
Tech companies took up 22% of new office space in Singapore between 2015-2020, up from 8% between 2004-2014, led by Amazon, as financial firms reduced workspace
Techmeme · 2 weeks ago
Sources: Apple tried to buy rap battle livestreaming service Verzuz before it was acquired in March by Triller
Sources: Apple is planning redesigned AirPods for 2021 and 2nd-gen AirPods Pro for 2022, which will include updated motion sensors for fitness tracking
The history of lab leaks
Four former Google employees earn class action status from CA judge in gender pay gap lawsuit against the company; over 10,800 women will seek $600M+ in damages
Internet groups warn Biden against adding Section 230 protections to trade deals, saying they undermine efforts to hold platforms responsible for user content
Google announces new tools and partnerships with Shopify, Square, GoDaddy, and WooCommerce to help merchants sell more easily in Search, Maps, and YouTube
Techmeme · 2 weeks ago