Articles from www.bloomberg.com

Articles from www.bloomberg.com

An unredacted lawsuit from Utah's AG claims TikTok has long known that TikTok Live promoted sexual content streams to minors and facilitated money laundering (www.bloomberg.com)
2025-1-4

Meta required a public statesman like Nick Clegg after the Cambridge Analytica scandal, and now turns to the in-house Republican Joel Kaplan to appease Trump (www.bloomberg.com)
2025-1-4 Trump Republican

China plans to extend its national consumer subsidies to smartphone, tablet, and smartwatch purchases to boost domestic spending as external headwinds pick up (www.bloomberg.com)
2025-1-3 China

Car rental app Turo, which uses a risk algorithm to screen drivers, was used to book trucks in both fatal New Year's Day incidents in Las Vegas and New Orleans (www.bloomberg.com)
2025-1-3 Algorithm Vegas

Terraform Labs co-founder Do Kwon pleads not guilty before a US federal judge in New York to nine counts, including wire fraud, over the $40B TerraUSD collapse (www.bloomberg.com)
2025-1-3 New York

Sources: China-backed hackers accessed the computers of senior US Treasury officials; the department's email system and classified data were not breached (www.bloomberg.com)
2025-1-3 China

Fintech themes to watch in 2025: relaxed regulation in the second Trump administration, more IPOs, M&A, and VC deal activity, and the expansion of stablecoins (www.bloomberg.com)
2025-1-2 Trump IPO Fintech

Malaysia says X and Google haven't applied for a new social media license; X cites under 8M Malaysian users, while Google disputes YouTube's classification (www.bloomberg.com)
2025-1-2 Google YouTube Malaysia

Alibaba sells Sun Art Retail stake to PE firm DCP for ~$1.6B, after paying ~$3.6B in 2020 to double the stake to 70%+, as it focuses on its core online business (www.bloomberg.com)
2025-1-1 Retail Alibaba

Sources: Mobvista explores selling mobile ad platform Mintegral after getting interest from buyers like Bain Capital; Mobvista stock in HK surged ~190% in 2024 (www.bloomberg.com)
2025-1-1 Mobile

BlackRock's Bitcoin ETF surpassed $50B in assets in 11 months, marking the fastest-growing ETF debut ever and pushing BTC's price past $100K for the first time (www.bloomberg.com)
2024-12-31 Bitcoin ETF Asset

Kyivstar, Ukraine's largest mobile operator, signs a deal with Starlink to roll out text messaging in Q4 2025, and plans to add voice and data in later stages (www.bloomberg.com)
2024-12-31 Mobile Ukraine 4Q

Chinese AI chip designer Cambricon's stock jumped 383% in 2024, giving the company a $37B market cap, driven by the localization of AI chips in the country (www.bloomberg.com)
2024-12-31 China AI

Ibiden CEO Koji Kawashima says the 112-year-old company, a dominant supplier of chip package substrates to Nvidia, may need to boost capacity due to AI demand (www.bloomberg.com)
2024-12-31 AI Nvidia

Elon Musk's new political influence may make it harder for regulators and politicians worldwide to resist Space X's Starlink, which added 20+ nations in 2024 (www.bloomberg.com)
2024-12-30 Elon Musk

As Tether says it is on track for a record $10B net profit in 2024, banks around the world are exploring launching their own stablecoins for payments (www.bloomberg.com)
2024-12-30

The bitcoin rally fueled by Trump's reelection has lost steam near the end of 2024; BTC hovers around $93.5K, ~$15,000 below the record high set in mid-December (www.bloomberg.com)
2024-12-30 Trump Bitcoin

RWA.xyz estimates the total value of tokenized real-world assets, excluding stablecoins, is $13B, as Opimas says just 0.003% of global asset value is tokenized (www.bloomberg.com)
2024-12-29 Asset

AT&T says China targeted a few “individuals of foreign intelligence interest” in the Salt Typhoon hack and its networks are now clear from the intrusion (www.bloomberg.com)
2024-12-29 China AT&T Intelligence

Analysis: 50%+ of the US households showing highly-distorted power readings from February to October were within 20 miles of significant data center activity (www.bloomberg.com)
2024-12-28

Filing: Trump asks SCOTUS to pause the law that could ban TikTok, saying the court should give him time to “pursue a political resolution” of the dispute (www.bloomberg.com)
2024-12-28 Trump Ban

Montenegro says Terraform Labs co-founder Do Kwon will be extradited to the US, potentially ending a standoff over competing demands by the US and South Korea (www.bloomberg.com)
2024-12-28 Korea

A profile of Boring Company President and key Elon Musk deputy Steve Davis, who has spent 20+ years helping Musk cut costs and now helps recruit staff at DOGE (www.bloomberg.com)
2024-12-27 Elon Musk

Alibaba agrees to merge its South Korean operations with E-Mart's Gmarket, creating a 50-50 joint venture; sources say the new company could be valued at ~$4B (www.bloomberg.com)
2024-12-26 Korea Alibaba

Taiwan's FTC blocks Uber's $950M acquisition of Delivery Hero's Foodpanda, arguing it would decrease competition as their combined market share would be 90%+ (www.bloomberg.com)
2024-12-25 Taiwan Uber

Kaiko: the share of BTC-USD trades in US market hours has now climbed to ~53% from 40% in 2021, with crypto liquidity back at levels seen before FTX's collapse (www.bloomberg.com)
2024-12-25

Singapore issued 13 crypto licenses in 2024, pulling ahead of Hong Kong, where authorities have been more cautious, in the race to become a regional crypto hub (www.bloomberg.com)
2024-12-25 Hong Kong Singapore

Iran claims it will lift its ban on “certain widely used foreign platforms”, naming WhatsApp and Google Play as the first two apps to be unblocked (www.bloomberg.com)
2024-12-25 Google WhatsApp Ban Iran

Hashed: $112M+ worth of USDC fled Hyperliquid, the top DeFi derivatives exchange by volume, on December 23, after concern over trading by North Korean hackers (www.bloomberg.com)
2024-12-24 Korea

Dutch tech investor Prosus plans to acquire online travel agency Despegar.com for $1.7B, or $19.50 per share, to expand in Latin American, closing in Q2 2025 (www.bloomberg.com)
2024-12-24 U.S. Netherlands Latin America

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