Articles from www.bloomberg.com

Articles from www.bloomberg.com

Crypto.com and Kalshi launched sports wagers around the Super Bowl in 50 US states, shocking the sports betting industry and infuriating state regulators (www.bloomberg.com)
2025-2-9

PitchBook: almost 66% of VC funding in Europe came from abroad in 2024; no European company with €100B+ in market cap has been built from scratch in 30 years (www.bloomberg.com)
2025-2-9 Europe

Tass: Rostelecom says an unspecified external impact has damaged a Russian underwater cable in the Baltic Sea, but there was no impact on subscribers (www.bloomberg.com)
2025-2-9 Russia

At a conference last month in Germany, Elon Musk said he has “not put in a bid for TikTok” and is not “chomping at the bit to acquire” the app (www.bloomberg.com)
2025-2-9 Germany Elon Musk

Court filing: President Trump ends legal fight over his Twitter ban after the January 6, 2021 riot; the filing doesn't specify how the case was resolved (www.bloomberg.com)
2025-2-8 Trump Twitter Ban

CoinMarketCap: Circle's USDC market cap reached a new high of $56.2B on February 9, after dropping to $24.5B in 2023 in the months following FTX's collapse (www.bloomberg.com)
2025-2-8

Sources: Island, which makes secure browsers for businesses, is raising money at a $4.5B valuation in a round led by Coatue; it was valued at $3B in April 2024 (www.bloomberg.com)
2025-2-8

Sources: Anthropic's funding round is oversubscribed and expected to raise $2B+, with Lightspeed set to invest ~$1B; Menlo, MGX, and others are in talks to join (www.bloomberg.com)
2025-2-8

Sources: Stripe competitor Rapyd is in talks to raise $300M from investors at a $3.5B valuation, a dramatic decline from its valuation of around $9B in 2021 (www.bloomberg.com)
2025-2-8

Edward Coristine, a 19-year-old member of DOGE, was fired from an internship at cybersecurity firm Path Network for allegedly sharing info with a competitor (www.bloomberg.com)
2025-2-8

Uber stock jumps 7%+ after Bill Ackman disclosed that his hedge fund Pershing Square Capital Management owns 30.3M shares in the company (www.bloomberg.com)
2025-2-8 Uber

WBD took $300M in gaming writedowns in 2024; current and former staff blame a lack of a strong, cohesive vision during former games chief David Haddad's tenure (www.bloomberg.com)
2025-2-8

WBD lost $300M on gaming in 2024; current and former staffers blame a lack of a strong, cohesive vision during former games chief David Haddad's tenure (www.bloomberg.com)
2025-2-8

HIG Capital plans to buy Toronto-based IT solution provider Converge Technology for $908M and merge it with Mainline Information; the deal closes in Q2, 2025 (www.bloomberg.com)
2025-2-7 Toronto

Sources: Apple plans to unveil its long-awaited overhaul of the iPhone SE as early as next week, opting to reveal it on its website instead of at a launch event (www.bloomberg.com)
2025-2-7 iPhone Apple

Sources: Winklevoss' crypto exchange Gemini is considering an IPO as soon as this year; crypto exchange operator Bullish is also considering an IPO in 2025 (www.bloomberg.com)
2025-2-7 IPO

Pinterest reports Q4 revenue up 18% YoY to $1.15B, vs. $1.14B est., MAUs up 11% YoY to 553M, and forecasts Q1 revenue will top est.; PINS up 14% after hours (www.bloomberg.com)
2025-2-7 4Q

CoinMarketCap: $MELANIA fell ~90% since January 20, while $TRUMP fell ~75% from its all-time high; most wallets that bought $TRUMP made no more than $13 (www.bloomberg.com)
2025-2-7 Trump

Sources: online payments company Paysafe is exploring a sale after receiving takeover interest; it went public in 2020 in a SPAC deal valued at $9B (www.bloomberg.com)
2025-2-7

Payments software company Lightspeed says it plans to continue operating as a publicly traded company and will buy back up to $400M of stock; LSPD falls 15%+ (www.bloomberg.com)
2025-2-7

Apple is now at the center of an escalating geopolitical fight between the US and China due to tariffs and a backlash from growing anti-US rhetoric in China (www.bloomberg.com)
2025-2-7 China Apple

Roblox reports Q4 revenue up 32% to $988.2M, bookings up 21% YoY to $1.36B, below est., DAUs up 19% YoY to 85.3M, below 88.4M est.; RBLX falls 20%+ pre-market (www.bloomberg.com)
2025-2-7 4Q

China's “mini-drama” industry grew 35% YoY to ~$6.91B in 2024, surpassing the country's box office and forcing iQiyi and Tencent to embrace short-form dramas (www.bloomberg.com)
2025-2-7 China Tencent

DeepSeek says it suspended letting customers top up their API credits due to server capacity shortages after being overwhelmed with demand since January 2024 (www.bloomberg.com)
2025-2-6

SEC filing: Sequoia's evergreen fund has grown to $19.6B, up from $13.6B in early 2023, a signal that the firm continues to grow despite a VC funding slowdown (www.bloomberg.com)
2025-2-6

Sources: Andy Jassy's campaign to flatten Amazon's middle management raises fears among staff of lean years and fewer promotions, as old career paths dry up (www.bloomberg.com)
2025-2-6 Amazon Career

A profile of Joseph Firmage, who founded USWeb, which went public with a $2.5B market cap in 1997, and is now being sued by “antigravity-machine” investors (www.bloomberg.com)
2025-2-6

China's mini-drama industry grew 35% YoY to ~$6.91B in 2024, surpassing the country's box office and forcing iQiyi and Tencent to embrace short-form dramas (www.bloomberg.com)
2025-2-6 China Tencent

Sonos is laying off about 200 employees, or 12% of its staff, as it reorganizes to make its product teams “flatter, smaller, and more focused” (www.bloomberg.com)
2025-2-6

Sources: SoftBank is in advanced talks to acquire Ampere in a deal that could value the Oracle-backed chip designer at about $6.5B, including debt (www.bloomberg.com)
2025-2-6 Oracle

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