| CNBC: |
Arm closes up 24.69% to $63.59 in its Nasdaq debut, valuing the company at $65.24B, after Arm priced shares at the upper end of its expected $47 to $51 range — - Arm Holdings has started trading on the Nasdaq under the ticker “ARM.” — The chip design company is valued at a steep premium relative … | SemiAnalysis: |
How Arm, following its success in architecture, licensing, and ecosystem, is looking to maintain a sustainable model by raising prices, not chasing market share — Cheap If They Can Charge Qualcomm-like Royalties? — ∙ Paid — Arm's success can be attributed to its innovative architecture … | Mehul Srivastava / Financial Times: |
MGM was likely hacked by Scattered Spider, an English-speaking group that previously used help desk calls to get passwords and planned to hack the slot machines — Person claiming to represent cybercriminals explains techniques used to evade detection by casino resort company| Wall Street Journal: |
Filing: Caesars confirms the casino operator was hacked via a social engineering attack on an outsourced IT support vendor; sources: Caesars paid a ~$15M ransom — Caesars is second major casino operator hit by hackers in recent weeks — paid roughly half of a $30 million ransom … | Jason Schreier / Bloomberg: |
Unity cancels a town hall and closes two offices after receiving what the company says was a credible death threat, following its controversial install fee news — Management announced a controversial pricing decision two days ago — Unity Technologies Inc. canceled a planned town hall … | Neil Long / Mobilegamer.biz: |
Sources: Unity offered a 100% Runtime Fee waiver to studios using its LevelPlay mediation platform and 80% to 100% waivers to developers switching from AppLovin — Unity is quietly offering developers a Runtime Fee waiver if they switch to its LevelPlay mediation platform, we're told.| Kat Bailey / IGN: |
| Nicole Nguyen / Wall Street Journal: |
Google plans to offer Chromebook software updates for up to 10 years, starting in 2024, so no current device expires within the next two years, to help schools — With the change, no existing Chromebook will have to expire within the next two years — Google is working to push … | Monica Chin / The Verge: |
HP unveils the $5,000+ Spectre Fold, an OLED foldable PC that can be used as a 17-inch tablet, a 17-inch laptop, or a 12.3-inch laptop and weighs less than 3lbs — Over the past few years, companies across the PC space have been engaged in a slow, but steady race to build a foldable laptop that people might actually want to buy.| Sam Rutherford / Engadget: |
| Bloomberg: |
How Joseph Bankman and Barbara Fried, both renowned Stanford scholars, opened doors for their son, Sam, and provided a halo effect for FTX before its implosion — Joseph Bankman and Barbara Fried, both renowned Stanford scholars, opened doors for their son and provided a halo effect for his company.| Helene Braun / CoinDesk: |
| Washington Post: |
Day two of Google's trial: Apple complained the DOJ may have violated confidentiality rules, after the DOJ said Google paid Apple $4B to $7B for search in 2020 — Protection of trade secrets versus transparency has been a major debate between Google and activists in the case| Steven Rosenbush / Wall Street Journal: |
Microsoft and Oracle expand their cloud partnership with Oracle Database@Azure, which lets users access Oracle services on Oracle Cloud Infrastructure in Azure — The new level of collaboration reflects how technology and customer demand have fostered more cooperation among software companies| Sarah Perez / TechCrunch: |
Automattic releases ActivityPub 1.0.0 for WordPress, letting fediverse users follow WordPress blogs on apps like Mastodon and receive replies as blog comments — In March, WordPress.com owner Automattic made a commitment to the fediverse — the decentralized social networks that include … | Jay Peters / The Verge: |
Meta expands Horizon Worlds, previously exclusive to its VR headsets, to the web and Android in early access, and rolling out to iOS “in the coming weeks” — Meta is finally bringing Horizon Worlds out of virtual reality. The 3D social platform has previously been exclusive to its VR headsets … | Bloomberg: |
SCOTUS pauses a lower court's order limiting the White House, FBI, and public health agencies from making social media requests, hours after the DOJ's request — - Administrative stay lets government keep communicating freely — Alito order comes hours after Justice Department filed request| Maria Heeter / The Information: |
Sources: in H1 2023, Flexport burned ~$300M and its revenue fell nearly 70% to $700M; founder Ryan Petersen, back as the CEO, says Flexport has $1B+ in net cash — Flexport's revenue fell nearly 70% in the first half of the year to $700 million and the company burned through cash, people familiar with the company's financials said.| Bloomberg: |
Lenders allege that Indian edtech giant Byju's hid $533M in an obscure three-year-old hedge fund that once said its main place of business was an IHOP in Miami — - New lender suit seeks to recover cash from Camshaft Capital — Hedge fund was founded just three years ago, lenders say| Washington Post: |
Sources: Israeli PM Benjamin Netanyahu plans to fly to the US to meet Elon Musk, the latest attempt by Musk allies to stave off X's growing antisemitism crisis — The meeting with the Israeli prime minister is the latest effort by Musk friends and colleagues to head off a growing battle with the Anti-Defamation League| Janko Roettgers / Lowpass: |
Amazon adds IAP back to Prime Video for Android, letting users buy VOD rentals and more, after removing IAP from its apps in 2022 to avoid Google's 30% fee — Next up: The Kindle app, maybe? — Some news from the someone-must-have-struck-a-deal department: Amazon is once again allowing users … | Alex Wilhelm / TechCrunch: |
Databricks raised a $500M+ Series I at a $43B valuation, after raising $1.6B at a $38B valuation in August 2021, before a possible IPO, and reports 10K+ clients — Data analytics and AI software maker Databricks has raised a Series I round worth more than $500 million, earning a valuation of $43 billion.| Brody Ford / Bloomberg: |
Adobe reports Q3 revenue up 10% YoY to $4.89B, vs. $4.87B est., Digital Media revenue up 11% YoY to $3.59B, and Digital Experience revenue up 10% YoY to $1.23B — Adobe Inc. provided a sales outlook that met analysts' expectations, but disappointed investors who expected demand … | BBC: |
Greater Manchester Police confirms a ransomware attack on its ID supplier, potentially exposing officer identities, one month after a breach in Northern Ireland — Police officers' personal details have been hacked after a company was targeted in a cyber attack.
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| Taylor Lorenz / Rolling Stone: |
| Mariana Lenharo / Nature: |
| Alex Ivanovs / Stack Diary: |
| Reuters: |