Articles from www.bloomberg.com

Articles from www.bloomberg.com

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

Workday is cutting approximately 1,750 workers, or 8.5% of its workforce; WDAY jumps 5%+ (www.bloomberg.com)
2025-2-6

Sources: OpenAI has spent months talking about Sora's creative and commercial potential with film studios, which are worried about their data and labor unions (www.bloomberg.com)
2025-2-6

Uber opens a waitlist to request a driverless Waymo vehicle in Austin ahead of a planned 2025 launch; rides will be limited to 37 square miles (www.bloomberg.com)
2025-2-5 Uber

Sources: China's State Administration for Market Regulation is examining Apple's policies, including App Store fees, ahead of a potential probe; AAPL drops 3% (www.bloomberg.com)
2025-2-5 China Apple

Thailand cuts power, internet, and fuel supplies to parts of Myanmar suspected of housing online scam centers, ahead of PM Paetongtarn Shinawatra's China visit (www.bloomberg.com)
2025-2-5 China Real Estate Thailand

LatticeFlow AI, which measures the regulatory compliance of AI models, says DeepSeek's R1 ranks the lowest in cybersecurity among leading AI models (www.bloomberg.com)
2025-2-5 AI

How India kept its satellite internet market closed to Starlink, Amazon, and more, despite poor rural connectivity; a regulator is set to publish rules in 2025 (www.bloomberg.com)
2025-2-5 India Amazon

Sources: BlackRock plans to hire ~1,200 people to build its AI teams in India and will inherit ~1,500 staff in Bengaluru through its proposed Preqin acquisition (www.bloomberg.com)
2025-2-5 India AI

Sources: OpenAI has spent months talking about potential commercial deals for Sora with film studios, who are worried about how their data may be used and more (www.bloomberg.com)
2025-2-5

Former Google engineer Linwei Ding faces new charges of economic espionage by the US DOJ for allegedly stealing trade secrets to boost China's AI industry (www.bloomberg.com)
2025-2-5 China Google AI

Sources: the head of the US AI Safety Institute, Elizabeth Kelly, is set to leave by the end of the week; Kelly was appointed to the position in February 2024 (www.bloomberg.com)
2025-2-5 AI

Match Group reports Q4 revenue down 1% YoY to $860M, forecasts Q1 revenue below est., names Zillow co-founder Spencer Rascoff as CEO; MTCH drops 7%+ after hours (www.bloomberg.com)
2025-2-5 4Q

AMD reports Q4 revenue up 24% YoY to $7.66B, Data Center revenue up 69% to $3.86B, vs. $4.09B est., and forecasts Q1 sales of $6.8B to $7.4B, vs. $7.04B est. (www.bloomberg.com)
2025-2-5 4Q AMD

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