Articles from www.bloomberg.com

Articles from www.bloomberg.com

CB Insights: Q1 2025 had 11 startup sales worth $1B+ or more, totaling a record $54.5B, up from two acquisitions worth $1B+ in Q1 2024, totaling $3.2B (www.bloomberg.com)
2025-3-24 Startup

SAP's stock rose ~1.6% to give it a ~€314B market cap, passing Danish weight-loss drug maker Novo as Europe's most valuable public company; SAP is up 42% YTD (www.bloomberg.com)
2025-3-24 Europe

Source: South Korean chip startup FuriosaAI rejected an $800M takeover offer from Meta, opting to grow independently instead (www.bloomberg.com)
2025-3-24 Korea Startup

23andMe files for Chapter 11 bankruptcy to “maximize the value of its business”; co-founder Anne Wojcicki steps down as CEO (www.bloomberg.com)
2025-3-24

Retail investors often bear the brunt of losses in the Solana blockchain's memecoin market, which is plagued by insider trading, rug pulls, and “sniping” (www.bloomberg.com)
2025-3-24 Blockchain Retail

Research shows a surge in the popularity of deepfake porn services, with the 10 most popular “nudifying” websites receiving 18M views in January 2025 alone (www.bloomberg.com)
2025-3-24

Sources: Apple plans to build its own AI models for Visual Intelligence and add cameras to the Watch; the redesigned plastic Apple Watch SE faces serious issues (www.bloomberg.com)
2025-3-24 AI Apple Intelligence

After leadership changes and an internal studio closure, Netflix aims to refine its gaming strategy, focusing on smaller-scale games rather than big-budget ones (www.bloomberg.com)
2025-3-23 Netflix Budget

As Spotify pushes its new video monetization program, sexually explicit videos have appeared on its top podcast charts, violating the company's terms of use (www.bloomberg.com)
2025-3-23 Spotify

A profile of Jed McCaleb, the billionaire who was behind Mt. Gox and XRP, as his aerospace startup Vast looks to build a private space station with SpaceX (www.bloomberg.com)
2025-3-22 Startup SpaceX XRP

The crypto-lending industry, nearly wiped out in the last bear market, is staging a comeback as Cantor Fitzgerald launches a $2B Bitcoin financing business (www.bloomberg.com)
2025-3-22 Bitcoin

Coinbase and others eye India comeback as regulators tease pivot; Electric Capital: India had 12% of crypto devs in 2024, only behind the US, up from 4% in 2018 (www.bloomberg.com)
2025-3-22 India Coinbase

A profile of StubHub CEO Eric Baker, who, according to the company's S-1, holds 5.2% of Class A shares but controls over 90% of the votes through Class B shares (www.bloomberg.com)
2025-3-22

Sources: the UK weighs reducing or abolishing its 2% digital services tax on UK revenue of Big Tech companies by April 2 in an effort to avoid some US tariffs (www.bloomberg.com)
2025-3-22 Tax

Sources: Coinbase is in advanced talks to buy Deribit, the largest bitcoin and ether options trading platform, which was reportedly valued at $4B-$5B in January (www.bloomberg.com)
2025-3-22 Bitcoin Coinbase

A book excerpt from AI Valley details the 2024 mass defection of staff at Inflection AI, which seemed to be thriving but faced scaling challenges, to Microsoft (www.bloomberg.com)
2025-3-21 Microsoft AI

European Central Bank Chief Economist Philip Lane says Europe needs a digital euro to avoid rising stablecoin risks and reduce reliance on US payment firms (www.bloomberg.com)
2025-3-21 Europe

A look at Chinese AI startup Manycore, which develops spatial design software, has filed for a Hong Kong IPO, and reported a $58.3M loss from Q1 to Q3 2024 (www.bloomberg.com)
2025-3-21 China Hong Kong IPO Startup AI

Argentina-based neobank Ualá raised an additional $66M for its Series E, after an initial raise of $300M led by Allianz X at a $2.75B valuation in November 2024 (www.bloomberg.com)
2025-3-21

Source: Insight Partners is set to reap ~$2.7B from the pending sale of Wiz to Alphabet, a 15.5x return on its invested capital, based on its ~8% stake in Wiz (www.bloomberg.com)
2025-3-21 Alphabet

Source: Perplexity has discussed raising as much as $500M to $1B in a new round that would double its valuation to $18B; its current ARR is nearly $100M (www.bloomberg.com)
2025-3-21

Sources: Tim Cook lost faith in Apple AI head John Giannandrea to execute on product development and drafted in Vision Pro creator Mike Rockwell to oversee Siri (www.bloomberg.com)
2025-3-21 AI Apple Tim Cook

Temu-owner PDD reports Q4 revenue up 24% YoY to ~$15.3B, below est., and net income up 18% YoY to ~$3.8B, after intensifying domestic competition and US tariffs (www.bloomberg.com)
2025-3-20 4Q

How Nvidia, SK Hynix, TSMC, and ASML, with a combined $4T+ market cap, dominate the AI supply chain, each having an 80% to 100% market share in their fields (www.bloomberg.com)
2025-3-20 AI Nvidia

Huawei unveils the 6.3" Pura X, which folds to a square clamshell with a 3.5" display, its first flagship running HarmonyOS 5, launching in China for ~$1,036 (www.bloomberg.com)
2025-3-20 China

US schools spending billions on laptops, an idea supported by technologists and computer makers, has led to students' worsening social skills and test scores (www.bloomberg.com)
2025-3-20

A profile of Skydio, the US' largest drone maker, after its first batch of drones proved disappointing in Ukraine and it competes with Chinese makers like DJI (www.bloomberg.com)
2025-3-20 China Drone Ukraine

Bakkt names ex-SoftBank rainmaker Akshay Naheta as co-CEO to help turn around the struggling US crypto trading and custody platform; BKKT is down 62%+ in 2025 (www.bloomberg.com)
2025-3-20

Crypto-friendly stablecoin legislation is poised to pass the US Senate with support from some pro-crypto Democratic Senators, including Kirsten Gillibrand (www.bloomberg.com)
2025-3-20 Senate

Early-stage VC Long Journey Ventures, co-led by Cyan Banister, Arielle Zuckerberg, and Lee Jacobs, debuts with a ~$181.818M fund after five years in stealth (www.bloomberg.com)
2025-3-20 Zuckerberg

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