Trending Stories from wsj.com
Prior to their Wednesday direct listing debuts, the NYSE set reference prices for Palantir at $7.25 and Asana at $21 per share
Cities Experiment with Remedy for Poverty: Cash, No Strings Attached
Microsoft Office 365, Azure Cloud Disrupted by Service Issues
Disney sells TrueX, an ad-tech company it absorbed as part of its acquisition of 21st Century Fox assets in 2019, to Gimbal; a source says for less than $100M
After Las Vegas-area school officials refuse to pay a ransom, hackers publish information on students, including social security numbers and grades
Kioxia Holdings, the chipmaker spun out of Toshiba in 2018, calls off $16B IPO after saying that export restrictions on Huawei were hurting its business
ShipBob, which helps e-commerce businesses streamline fulfillment and manage inventory, raises $68M Series D led by SoftBank's Vision Fund
Sources: DuckDuckGo failed to win Google's Q4 auction for placement on Android's default search engine choice screen in big EU countries
The IRS Sets a Trap for Cryptocurrency Tax Cheats
CB Insights: cloud computing startups raised almost $3B across 97 deals in Q2 2020, up from 76 deals in Q2 2019, with deal volume reaching a three-year high
Sources: ahead of public market debut on Sept. 30, Palantir has told investors that its shares could start trading at $10 apiece, valuing the company ~$22B
GOAT Group, operator of online sneaker marketplace GOAT, has raised $100M Series E from D1 Capital Partners, source says at a $1.75B valuation
U.S. Household Net Worth Hits Highest Level Ever
Sources: Beijing has sped up development of a blacklist that could punish US tech firms; some leaders say a decision on the list should come after US election
Sources: Quibi is exploring several strategic options including a possible sale, raising more money, or going public through a merger with a SPAC
Alibaba and Tencent affiliates eye China's booming auto repair business by building brick-and-mortar garage chains that are linked to their e-commerce platforms
How Nvidia's bets on gaming and AI transformed it from a niche player in the high-end graphics market in the mid-90s into the most valuable US chip company
How "Huang's Law", gains in AI chip performance even faster than Moore's Law, moves data processing from the cloud to the edge and may explain Nvidia's Arm deal
Companies like IBM and ADP are developing tools to automate decision making, reduce risks and frictions of bringing employees back to the office
FB to curb internal debate over sensitive issues amid employee discord
Belarus was once a magnet for tech startups, thanks to cheap labor, but protests against Lukashenko and brutal crackdowns could change that
Oracle Will Review TikTok Source Code to Watch for Chinese Access
Sources: the FTC is preparing a possible antitrust lawsuit against Facebook by year-end, but no final decision has been made on whether to sue Facebook
Verizon says it has agreed to buy prepaid wireless reseller TracFone for up to $7B in cash and stock
In a bid to lure fast-growing startups, Microsoft and Amazon are striking cloud services deals with a promise to help sell the companies' services
Techmeme · 2 weeks ago
Source: Oracle has won the bidding for the US operations of TikTok as a "trusted tech partner"; the deal will likely not to be structured as an outright sale
Oracle Chosen as Winner in Deal for TikTok’s U.S. Operations
CA Law Was to Give Uber Drivers New Protections. Instead, Comedians Lost Work
Sources: SoftBank is nearing a deal to sell Arm to Nvidia for more than $40B; SoftBank paid $32B for the UK chip designer in 2016
Canalys: companies in China spent a record $4.3B on cloud services in H1 2020, up 70% YoY; Alibaba accounted for around 40% of total Q2 cloud spending in China
SoftBank Nears $40 Billion Deal to Sell Arm Holdings to Nvidia
How Sundar Pichai is leading Google at a time when many of the company's strengths become the focus of intense public criticism and antitrust scrutiny
Ireland's privacy regulator has sent Facebook a preliminary order to stop sending EU user data to the US, the first big step in enforcing July's Privacy Shield
Sources: ByteDance is continuing its months-long talks with the US, now with greater urgency, about deals to let TikTok avoid a full sale of its US operations
How some services, like Donut and Hallway, are attempting to revive serendipitous encounters between employees during remote work, many built atop Slack
Apple countersues Epic, seeks punitive damages
China Launches Initiative to Set Global Data-Security Rules
Reed Hastings calls working from home "a pure negative" for employees and that the Netflix workforce will return to its offices once a vaccine is approved
Netflix boss: Remote working has negative effects
Amazon bans foreign plant sales in the US, after mystery seeds sent to households this summer led US officials to raise alarm over ease of e-commerce seed sales
Techmeme · 4 weeks ago
In an about face, Facebook bans a BJP politician in India for violating its hate speech policies, after reports its lobbying exec Ankhi Das defended his posts
Sources: Robinhood is under SEC investigation for failing to fully disclose selling clients' orders to high-speed trading firms, with a potential $10M+ fine
Driven by the popularity of Cash App, Square's stock is up 28% in the past month and 166% in the past year; Cash App saw revenue double to $325M in Q2 2020
Brazilian digital bank Neon Pagamentos raises $300M Series C led by General Atlantic, bringing its total raised to over $400M
Patreon says it has raised $90M at a $1.2B+ pre-money valuation, nearly twice the $660M valuation it had prior to a funding round last year
Sources: TikTok sale talks have been complicated by China's new AI export restrictions, with parties unsure whether TikTok's algorithms can be included in sale
US hotel operator MCR Development to buy StayNTouch, a cloud platform for hotels, for $46M, after Trump said StayNTouch's Chinese owners threaten US security
How the startup Farmers Business Network is trying to disrupt the largely brick-and-mortar $40B US farm supply business, while agri giants refuse to play along
Techmeme · 1 month ago