Articles from www.bloomberg.com

Articles from www.bloomberg.com

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

PayPal reports Q4 revenue up 4% YoY to $8.4B, adjusted net income down 1.9% YoY to $1.21B, above est., payment volume up 7% to $437.8B, and plans a $15B buyback (www.bloomberg.com)
2025-2-4 4Q

Nintendo reports Q3 revenue down ~33% YoY to ~$2.8B, net profit down ~33% YoY to ~$831M, both below est, 4.8M Switch sales, and cuts Switch and profit forecasts (www.bloomberg.com)
2025-2-4 Nintendo

China's State Administration for Market Regulation says it will probe Google for antitrust violations, moments after Trump announced tariffs on Chinese goods (www.bloomberg.com)
2025-2-4 Trump China Google

Sources: the Trump admin plans to nominate Arielle Roth, a critic of Biden's $42.5B broadband infrastructure plan, to lead the NTIA, which oversees the project (www.bloomberg.com)
2025-2-4 Trump

Source: Salesforce is cutting 1,000+ roles and will allow displaced workers to apply for other jobs internally; Salesforce had ~73,000 workers as of Jan. 2024 (www.bloomberg.com)
2025-2-4 Salesforce

A US appeals court panel appeared skeptical of Google's bid to overturn a 2023 jury verdict that declared the Play Store an illegal monopoly in the Epic case (www.bloomberg.com)
2025-2-4 Google

Trump signs an executive action to form a sovereign wealth fund; Commerce secretary nominee Howard Lutnick says it may be used to facilitate a sale of TikTok US (www.bloomberg.com)
2025-2-4 Trump

MicroStrategy says it didn't buy any bitcoin in the prior week, ending a run of 12 consecutive weekly purchases worth $20B+ starting in October 2024 (www.bloomberg.com)
2025-2-4 Bitcoin

Sources: the EU Commission and four member nations plan a probe into Shein over illegal products, opening the fast fashion marketplace up to potential fines (www.bloomberg.com)
2025-2-4

The Seoul High Court upholds a decision clearing Samsung Electronics Executive Chairman Jay Y. Lee of fraud and stock-rigging, a major victory for Samsung (www.bloomberg.com)
2025-2-3 Samsung

AI adoption has outpaced that of PCs and the internet, but evidence of its boost to productivity is thin on the ground; study: 40% of US adults have used AI (www.bloomberg.com)
2025-2-3 AI

Some parents say they are eschewing 529 college savings plans and other traditional investments to invest in cryptocurrency to build wealth for their children (www.bloomberg.com)
2025-2-3 Cryptocurrency

Donald Trump's EO imposing levies on China says the “de minimis” exemption for items under $800 no longer applies, which could affect Alibaba, Shein, and others (www.bloomberg.com)
2025-2-2 Trump China Alibaba

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