Trending Stories from bloomberg.com
Kerbal Space Program 2 release disrupted by corporate strife
Google sued for secretly amassing vast trove of user data
Interview with ex-Uber CTO Thuan Pham, who left last month, on his seven years atop the company, its rapid expansion, future plans, and more
Man behind Sweden’s controversial virus strategy admits mistakes
In an ongoing censorship case filed against YouTube by LGBTQ creators, Trump's DOJ asked a judge not to declare Section 230 unconstitutional
Trump's fury at Twitter might end up being good for the service by increasing engagement, and thus ad sales, while highlighting its anti-misinformation efforts
India announces ~$6.6B in incentives to woo smartphone makers, in a bid to make the country a global hub for mobile phone production
Gambling Is Not a Retirement Plan
Zynga says it will buy Turkish mobile game developer Peak for $1.8B, its biggest acquisition yet; the deal is $900M in cash and $900M in Zynga stock
Global Disinformation Index report examining 49 sites with COVID-19 disinformation says Google placed ads on 84% of them
O.J., Accounting Fraud, Icahn: The Story of Hertz Going Bust
Alibaba debuts AliExpress Connect, a service to pair influencers with brands and merchants, hoping to attract 100,000+ creators this year with a focus on Europe
Techmeme · 3 days ago
Tim Cook, in a memo to staff addressing racism in US, says Apple will give to non-profits like Equal Justice Initiative, match staff donations 2-to-1 in June
US to join Global Partnership on AI, set up to counter China's influence in development of AI technologies, becoming the last of the G-7 countries to sign on
Analysis of Layoffs.fyi data: tech companies have cut over 40,000 jobs during the pandemic, led by the travel and transportation sector with 14,250 layoffs
Techmeme · 5 days ago
You Can Pay Credit Suisse Not to Work There
U.K. Plans Citizenship for Hong Kong Residents in Row with China
Samsung is partnering with Winklevoss' crypto exchange Gemini to allow users to more easily trade and store digital assets on mobile phones
Trump, Furious at Twitter, Aims Executive Order at Tech Giants
Apple confirms it has acquired Ontario-based Inductiv, which develops AI to automate identifying and correcting errors in data
Americans, it turns out, would rather visit a store than buy food online
Salaries Get Chopped for Many Americans Who Manage to Keep Jobs
After Twitter adds a label to his misleading tweets, Trump says Republicans will "strongly regulate" social media platforms or "close them down"
A federal judge dismisses a lawsuit from right-wing nonprofit Freedom Watch and Laura Loomer alleging anti-conservative bias at Facebook, Twitter, and YouTube
Sources: TikTok parent-company ByteDance generated $17B+ in revenue and $3B+ in net profit in 2019, more than double its $7.4B revenue in 2018
Japan-based Lasertec, which makes semiconductor testing machines for ultraviolet lithography manufacturing at $40M+/machine, saw its stock rise 550% in 2019
Chinese food delivery service Meituan Dianping beats estimates with sales of $2.4B, net loss of $221M; Meituan stock rose 9.7%, taking its market cap to $100B+
Sensor Tower data: TikTok and Chinese twin app Douyin topped the charts globally for in-app purchases in April, generating $78M, up 10x from April 2019
Privacy advocate Max Schrems criticizes Irish data protection authority in an open letter for the slow pace of its probes into Facebook, Instagram, and Whatsapp
Sources: IBM is laying off thousands of workers in North Carolina, Pennsylvania, California, Missouri, and New York
Interviews shed light on the strained relationship between Masayoshi Son and Vision Fund leader Rajeev Misra, who some say has created a divisive workplace
Sources: Audible is in talks to acquire celebrity podcasts and considers selling original shows individually; Amazon Music is also preparing to add podcasts
Techmeme · 2 weeks ago
Senate passes legislation that would bar Alibaba and Baidu from US stock exchange listing, if they cannot certify they aren't under foreign government control
Samsung has started construction on a 5nm fabrication facility in Pyeongtaek, South Korea to take on TSMC's contract chipmaking business
Sources: Apple is seeking an executive to lead its original podcasts effort and is acquiring podcasts that would tie into shows on its TV+ service
Shopify is joining Twitter in permanent work from home shift
Reddit · 2 weeks ago
China’s new plan to seize the world’s tech crown from the U.S
Sources: TikTok has recently traded at valuations of between $105B and $110B on private markets and, one source says, even as high as $140B
Memo: Samsara, a maker of sensors for fleet vehicle management, lays off 300 and raises $400M, in an extension to its last round, cutting valuation 14% to $5.4B
Sources: Facebook will limit offices to 25% occupancy, put people on shifts, and require temperature checks and masks when it reopens workplaces in July
Sources: Apple is buying older movies and shows for Apple TV+ to build a back catalog; as of February it had ~10M subscribers but only half actively used it
After its truce with French unions, Amazon will keep its extra €2/hour offer through May and says warehouse workers will return with increased sanitary measures
Techmeme · 2 weeks ago