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Lizette Chapman / Bloomberg:
CEO of Palantir France says the company generated almost $1B in revenue last year; sources say half of the revenue was from corporate clients like Airbus   —  - Peter Thiel's data startup continues to prepare for IPO  — Corporate clients are said to account for half of revenue
Jan 17, 2019, 10:55 AMIn context
Sarah Frier / Bloomberg:
Sources: Snap CFO Tim Stone resigned after a dispute with management over pay, going around CEO Evan Spiegel to ask Snap's board for a significant raise   —  - Stone went around Spiegel to seek pay bump, people say  — Executive also sought promotion to Khan's former strategy job
Jan 16, 2019, 7:50 PMIn context
Bloomberg:
Sources: Bytedance reached the lower end of its ~$7.4B to ~$8.1B revenue target for 2018, the first time in years it hasn't beaten its forecast   —  - 2018 revenue said to hit lower-end of 50-55 billion yuan goal  — Tik Tok owner said hit by slowing economy, monetization delay
Jan 15, 2019, 10:20 PMIn context
Bloomberg:
Sources: PagerDuty, which makes performance monitoring tools for developers, has filed confidentially for an IPO; it was valued at more than $1B in September   —  - Startup had expected to generate $100 million in 2018 revenue  — PagerDuty is valued at more than $1 billion by mutual funds
Jan 15, 2019, 8:25 PMIn context
Ian King / Bloomberg:
Source: Intel's board aims to fill vacant CEO post before Jan. 24 earnings; Sanjay Jha, Anand Chandrasekher, Renee James are no longer involved as candidates   —  - Board remains undecided as leadership quest passes six months  — Directors trying to choose candidate before results on Jan. 24
Jan 14, 2019, 2:35 PMIn context
Bloomberg:
How PayPal's user growth and stock price have risen after teaming up with former foes like Visa; sources: Venmo still loses hundreds of millions annually   —  In late 1999 a young computer scientist named Max Levchin started receiving emails from strangers about a web demo he'd created to illustrate the workings of an app.
Jan 14, 2019, 3:45 AMIn context
Bloomberg:
Interview with Arm CEO and CTO on its hiring spree at SoftBank's direction, plans for the future, and becoming a public company again in about five years   —  - Chip designer seeking to expand from dominance in phones  — Company laying groundwork for return to public markets
Jan 13, 2019, 6:55 PMIn context
Lulu Yilun Chen / Bloomberg:
Tencent previews Xiaowei, an AI voice assistant for WeChat that will integrate with Tencent's own services and apps by third parties such as Meituan or Didi   —  - WeChat's assistant can help connect users with mini apps  — WeChat mini programs will focus on monetisation with ads
Jan 13, 2019, 5:00 AMIn context
Lulu Yilun Chen / Bloomberg:
Sources: Alibaba-backed AI startup Megvii, owner of facial recognition developer Face++, is considering an IPO in Hong Kong that could raise as much as $1B   —  - Owner of Face++ is said to consider Hong Kong as a destination  — AI startup said to weigh raising at least $500 million
Jan 11, 2019, 4:15 AMIn context
Bloomberg:
Shareholder sues Alphabet's board of directors, claiming they breached fiduciary duty by covering up sexual misconduct by execs and giving Andy Rubin a payout   —  - Investor accuses Alphabet directors of abusing their power  — Android creator allegedly got $90 million payout amid probe
Jan 10, 2019, 6:05 PMIn context

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