Articles from www.bloomberg.com

Articles from www.bloomberg.com

Sources: Shein asked some top apparel suppliers in China to set up new production lines in Vietnam, with incentives like higher procurement prices of up to 30% (www.bloomberg.com)
2025-2-10 China Vietnam

T-Mobile's satellite texting feature, currently in beta and powered by Starlink, will cost customers $15/month starting in July for users on most plans (www.bloomberg.com)
2025-2-10 Mobile

A look at the debate over how much authors get paid for licensing books to AI companies; Microsoft offered HarperCollins $5K/title, of which authors get 50% (www.bloomberg.com)
2025-2-10 Microsoft AI

Edison: despite Spotify's video push, only two of the top 10 US podcasts post videos on Spotify; 37 of the top 50 podcasts regularly post videos on YouTube (www.bloomberg.com)
2025-2-10 YouTube Spotify

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

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