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Sarah Frier / Bloomberg:
Sources: Pinterest revenues were up 58% in 2017 to $473M; company now has almost 250M monthly active users   —  - Online image service has almost 250 million monthly users  — Predictable revenue growth is an important step before IPO  —  Pinterest Inc. sales jumped 58 percent …
May 25, 2018, 11:45 AMIn context
Marie Mawad / Bloomberg:
Facebook's chief AI scientist Yann LeCun says company is designing its own energy-efficient chips to help with analyzing and filtering live video content   —  - Company is working on more energy-efficient semiconductors  — AI scientist LeCun says more software cos working on hardware
May 25, 2018, 10:25 AMIn context
Bloomberg:
Sources: Essential, a startup co-founded by Android creator Andy Rubin, is considering selling itself and has canceled development of a new smartphone   —  - Company cancels development of second version of smartphone  — Startup has spent over $100 million on product development
May 24, 2018, 5:12 PMIn context
Lucas Shaw / Bloomberg:
Netflix topped Walt Disney Co. in market value Thursday after surpassing Comcast on Wednesday; the company's stock is up 82% in 2018   —  - Stock, up more than 80%, leads S&P 500 Index again this year  — Investors focus on subscriber growth over burgeoning cash burn
May 24, 2018, 5:03 PMIn context
Bloomberg:
Sources: DOJ and CFTC have opened a criminal probe into alleged market manipulation of bitcoin and other cryptocurrencies   —  - Justice Department opens investigation into illicit trading  — Agency is working with CFTC, which oversees crypto futures  —  The Justice Department …
May 24, 2018, 6:50 AMIn context
Bloomberg:
Lenovo reports Q4 profit of $33M, down 69% YoY, and revenue of $10.6B, up 11% YoY, with no recovery in its smartphone business as PC market remains stagnant   —  - The No. 2 PC maker grows sales the most in over two years  — The company is now counting on datacenters to drive growth
May 24, 2018, 5:40 AMIn context
Eric Newcomer / Bloomberg:
Without windfalls from sales of international businesses, Uber had Q1 2018 loss of $312M before interest, taxes, and other expenses, half of Q1 2017 loss   —  - Investors agree to buy up to $600 million in Uber shares  — Coatue, Altimeter and TPG purchase values Uber at $62 billion
May 23, 2018, 6:15 PMIn context
Bloomberg:
Sources: Qualcomm plans to unveil a dedicated system-on-a-chip to power standalone VR and AR headsets, called Snapdragon XR1, as soon as next week   —  - Chipmaker preps launch of Snapdragon XR1 next week at event  — Company is seeking new markets to jump-start revenue growth
May 23, 2018, 4:05 PMIn context
Eric Newcomer / Bloomberg:
Following Seattle's “head tax” law, San Francisco, Mountain View, Cupertino, and East Palo Alto look to introduce laws taxing big tech companies per employee   —  Mountain View, East Palo Alto, Cupertino and San Francisco blame the industry for inequality and overcrowding.
May 23, 2018, 3:15 PMIn context
Bloomberg:
Sources: Middle Eastern ride hailing company Careem is in talks to raise $500M ahead of possible IPO that could value the company at up to $1.5B   —  Careem Networks FZ, which competes with Uber Technologies Inc. in the Middle East, is in talks with investors to raise $500 million, according to people familiar with the matter.
May 23, 2018, 12:55 PMIn context

Sponsor Posts

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TechCrunch Disrupt SF:
Reid Hoffman to talk ‘blitzscaling’ at Disrupt SF 2018  —  In September, Hoffman will join us at TC Disrupt SF to share his strategies on “blitzscaling,” which also happens to be the title of his forthcoming book.