Articles from www.bloomberg.com

Articles from www.bloomberg.com

Peloton names Ford executive Peter Stern as CEO, starting January 1, to lead its turnaround, and projects Q2 subscriber numbers below analyst estimates (www.bloomberg.com)
2024-10-31 Ford

A profile of Pepijn van der Stap, a Dutch prodigy who hacked thousands of companies' data while also doing legitimate cybersecurity work and is now in prison (www.bloomberg.com)
2024-10-31 Netherlands

Amazon's threat intel unit is making a name for itself after years in the shadows, including disrupting Anonymous Sudan and combating anti-US disinformation (www.bloomberg.com)
2024-10-31 Amazon Intel

Ubisoft reports Q2 net bookings down 36% YoY to €352.3M, vs. €368M est., and expects Q3 net bookings of €380M, down from €626M in Q3 2023, as its big games flop (www.bloomberg.com)
2024-10-31

STMicro reports Q3 net revenue down 25% YoY to $3.25B and expects FY 2024 revenue to fall 25% YoY to ~$13.27B, at the lower end of its $13.2B to $13.7B forecast (www.bloomberg.com)
2024-10-31

Analysis: Taiwan has become Asia's best performing major stock market in 2024 thanks to TSMC and others, which make almost all of the critical AI hardware (www.bloomberg.com)
2024-10-31 Taiwan Asia AI

Many long-time game workers are ditching large productions in favor of smaller teams, enabled by growing accessibility of Unreal Engine and other powerful tools (www.bloomberg.com)
2024-10-31

South Korean government data: semiconductor production fell 3% YoY in September 2024, the first decline in 14 months, indicating slowing demand for memory chips (www.bloomberg.com)
2024-10-31 Korea

Source: Amazon's target deadline to unveil AI-upgraded Alexa has moved into 2025, after documents showed Amazon planned to unveil the product on Oct. 17, 2024 (www.bloomberg.com)
2024-10-31 Amazon AI

Siemens agrees to buy engineering software company Altair for ~$10B including debt, a 19% premium on Altair's October 21 closing price; deal to close in H2 2025 (www.bloomberg.com)
2024-10-31 Siemens

Sources: the European Commission plans to open formal DSA proceedings against Temu over concerns the platform is failing to curb the sale of illegal products (www.bloomberg.com)
2024-10-31 Europe

A profile of US voting machine maker Clear Ballot, which helps officials check paper ballots via its app, as Elon Musk spreads conspiracy theories about hacking (www.bloomberg.com)
2024-10-30 Elon Musk Conspiracy

UK filings: Stability AI co-founder and ex-CEO Emad Mostaque has given up his controlling shares in the startup; Mostaque owned 75%+, per previous filings (www.bloomberg.com)
2024-10-30 Startup AI

Visa and Coinbase partner to let eligible US and EU users deposit funds into their Coinbase accounts, sometimes instantly; Visa powers the Coinbase debit card (www.bloomberg.com)
2024-10-30 Coinbase

PlayStation shutters Firewalk, which released shooter game Concord earlier in 2024 before taking it offline, and mobile studio Neon Koi, impacting ~210 jobs (www.bloomberg.com)
2024-10-30 Mobile

Circle raises its fees to 0.03%+ per transaction for near-instant USDC redemptions above $2M; CoinGecko: USDC's market circulation is $35B, below USDT's $123B (www.bloomberg.com)
2024-10-30

Trump Media & Technology Group's stock rose 8.8% on Oct. 29, pushing its five-week rally to 324%, adding $7.9B+ in market cap; Trump's stake is now worth ~$6B (www.bloomberg.com)
2024-10-30 Trump

Samsung's stock has dropped 32% from its 2024 peak on July 9, cutting $122B off its market cap, more than any other chipmaker worldwide on AI and foundry woes (www.bloomberg.com)
2024-10-30 Samsung AI

Microsoft says Russian hackers have sent “highly targeted spearphishing emails” to thousands of US officials, defense workers, and others in a phishing campaign (www.bloomberg.com)
2024-10-30 Russia Microsoft

Research: China's industrial policy to make the nation a leader in emerging technologies has largely been a success, despite US efforts to contain the country (www.bloomberg.com)
2024-10-30 China

PayPal reports Q3 net revenue up 6% YoY to $7.9B, below est., total payments volume up 9% YoY to $422.6B, above $421.6B est., and projects Q4 revenue below est. (www.bloomberg.com)
2024-10-30 4Q

Barcelona-based brain-computer interface startup Inbrain, which plans to work with graphene, raised $50M led by Imec.xpand and plans a trial of 10 patients (www.bloomberg.com)
2024-10-29 Startup

Shopify says it has lured hundreds of Salesforce clients, including Mattel and Casper; analysts say Shopify overtook Salesforce's e-commerce business in 2021 (www.bloomberg.com)
2024-10-29 Salesforce Shopify

Sources: Apple's iPhone exports from India reached ~$6B in the six months through September 2024, up 33% YoY, on track to pass $10B by the end of fiscal 2024 (www.bloomberg.com)
2024-10-29 India iPhone Apple

Sources: VC firms are set to make hundreds of millions from Stripe's $1.1B acquisition of Bridge; Sequoia's ~16% stake is worth significantly more than $100M (www.bloomberg.com)
2024-10-29

How GOP figures from Stephen Miller to Elon Musk use lawsuits to silence many groups studying disinfo, like the Stanford Observatory, CCDH, Graphika, NewsGuard (www.bloomberg.com)
2024-10-29 Elon Musk Republican

OpenAI's CFO: ChatGPT has 250M weekly active users, converts free users to paid at a rate of 5% to 6%, and ~75% of OpenAI's revenue is from paying consumers (www.bloomberg.com)
2024-10-29

Armis, which provides risk management tools, raised $200M led by General Catalyst and Alkeon at a $4.2B valuation ahead of a 2026 IPO, and passed $200M in ARR (www.bloomberg.com)
2024-10-29 IPO

A profile of Italian private equity firm Bending Spoons, which bought WeTransfer, Evernote, and other distressed subscription apps, and plans to spend billions (www.bloomberg.com)
2024-10-28 Italy Equity Evernote

A profile of ex-eBay and HP CEO Meg Whitman, who became US ambassador to Kenya in late 2021, as the US seeks to counterbalance Chinese tech influence in Africa (www.bloomberg.com)
2024-10-28 China eBay Africa

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