| Dan Primack / Axios: |
StubHub files for an IPO, with plans to list on the NYSE, and reports a $2.8M loss on $1.77B in revenue in 2024, vs. a $405M profit on $1.37B in revenue in 2023 — Ticket resale marketplace StubHub on Friday filed for an IPO, saying that it plans to list shares on the New York Stock Exchange.| Nikhilesh De / CoinDesk: |
The US Treasury's sanctions watchdog removes Tornado Cash from its global blacklist, after a federal appeals court ruled against the sanctions in November 2024 — The U.S. Treasury Department's sanctions watchdog removed Tornado Cash from its global blacklist Friday.| Kylie Robison / The Verge: |
Perplexity proposes to buy TikTok, says it wants to open source the algorithm and that it is “singularly positioned to rebuild” it “without creating a monopoly” — The AI search startup laid out its bid for buying, and rebuilding, TikTok.| Sara Fischer / Axios: |
Yahoo strikes a deal to sell TechCrunch to media investment firm Regent, which acquired PCWorld publisher Foundry earlier this week — Yahoo on Friday said it has struck a deal to sell TechCrunch, the 20-year-old tech journalism site, to Regent, a media investment firm.| Paris Martineau / The Information: |
Source: US Senators Dick Durbin and Lindsey Graham plan to introduce a bipartisan bill with wide support that would make Section 230 expire on January 1, 2027 — In June 1995, two young congressmen reached across the aisle to introduce legislation that would become the defining legal protection … | Leo Schwartz / Fortune: |
Sources: Katie Haun is raising $1B across two new crypto-focused funds as her Haun Ventures is close to deploying most of the $1.5B raised in 2022 — Katie Haun is back on the fundraising circuit. The former federal prosecutor, who raked in $1.5 billion for her record-breaking debut venture funds in 2022 … | Anton Shilov / Tom's Hardware: |
Intel reorganizes Intel Foundry leadership as EVP Ann Kelleher, former GM of Technology Development and now strategic adviser, plans to retire later this year — Intel reorgs Intel Foundry around two key executives. — Dr Ann Kelleher, the executive vice president at Intel responsible … | Gael Cooper / CNET: |
DoorDash partners with Klarna to offer payment plans, including credit options for purchases of $35 or more; Grubhub also uses Klarna as a payment option — Don't expect to pay for a taco in installments — a Klarna rep says the credit options can only be used on purchases of $35 and up.| Bloomberg: |
Sources: Coinbase is in advanced talks to buy Deribit, the largest bitcoin and ether options trading platform, which was reportedly valued at $4B-$5B in January — The companies have notified regulators in Dubai about the discussions as Deribit holds a license there, which would be taken over by any acquirer, some of the people said.| Paul Liu / The Keyword: |
Google says its test removing European news content for 1% of users in eight EU countries found that there was no change to Search ad revenue due to the removal — Google ran an experiment to understand the value of European news content. The data shows people visited Google … | Aisha Malik / TechCrunch: |
Meta is testing a “Write with Meta AI” prompt on Instagram that gives users AI-generated suggestions to help write comments under other users' posts — In recent years, Meta has introduced many AI features and capabilities to its apps, even going so far as experimenting … | Demetri Sevastopulo / Financial Times: |
The FCC is investigating Huawei, Hikvision, ZTE, China Telecom, and other Chinese companies over concerns they are ignoring restrictions on US operations — Huawei, ZTE and China Telecom among companies targeted by new FCC investigation — The Federal Communications Commission … | Berber Jin / Wall Street Journal: |
Index Ventures, Wiz's largest outside shareholder with a 13% stake, is set to turn its $245M investment into $4.3B from Wiz's pending sale to Alphabet for $32B — Index Ventures is set to earn a 250-fold return on its seed money in a startup Google has agreed to buy| Financial Times: |
CoreWeave, prepping for a roadshow, faces $7.5B in debt repayments by the end of 2026, far above its cash flow, asking IPO investors to take a leap of faith — Cloud computing group seeking $32bn IPO must convince backers it can grow fast to settle huge financial obligations
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| Rhiannon Williams / MIT Technology Review: |
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| The Cloudflare Blog: |
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| Cheyenne Ligon / CoinDesk: |
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| Kyle Wiggers / TechCrunch: |