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Dustin Volz / Wall Street Journal:
Sources: President Trump has reversed classified Obama-era rules governing use of cyberweapons in an effort to loosen restrictions on such operations   —  It isn't clear what rules the president is adopting to replace the existing ones  —  President Trump has reversed an Obama-era memorandum governing …
Aug 16, 2018, 9:50 AMIn context
Wall Street Journal:
A look at how Saudi Arabia's sovereign wealth fund, valued at $225B, is shifting focus to tech-related bets, like Uber and an expanded stake in Tesla   —  Talks with Tesla show how crown prince's sovereign-wealth fund has become a global player, but some worry about impulsive, risky bets
Aug 16, 2018, 2:55 AMIn context
Jennifer Smith / Wall Street Journal:
Freight load-matching startup Cargomatic, which uses an app to connect cargo and drivers, raises $35M Series B led by Warburg Pincus   —  A $35 million injection will help the business expand after its rocky start in the freight load-matching technology sector
Aug 15, 2018, 1:15 PMIn context
Wall Street Journal:
Sources: WhatsApp cofounder Jan Koum has continued to show up at least monthly at the Facebook office to secure his stock rewards of ~$450M   —  Jan Koum said he was leaving Facebook in April, but has been making periodic appearances in the office to secure stock rewards
Aug 15, 2018, 10:15 AMIn context
Wall Street Journal:
Kroger to launch online storefront in China on Alibaba's Tmall Global site on Wednesday that will initially sell dietary supplements and private-label products   —  First move into overseas sales is part of grocer's online retail push  —  Kroger Co. will sell its products in China …
Aug 14, 2018, 7:20 PMIn context
Yoree Koh / Wall Street Journal:
Sources: a16z launches a new fund of ~$15M for black celebrity investors to try to boost diversity in tech, with Kevin Durant and Will Smith among its LPs   —  Silicon Valley stalwart Andreessen Horowitz launches new fund in an effort to boost diversity in tech
Aug 13, 2018, 5:05 PMIn context
Wall Street Journal:
Inside Kim Nilsson's and other WizSec cofounders' quest to find Mt. Gox's hackers, which traced stolen bitcoins to BTC-E and its alleged admin Alexander Vinnik   —  Rampant thefts are taking the shine off cryptocurrencies.  After the Mt. Gox debacle, Kim Nilsson decided to fight back.
Aug 11, 2018, 11:10 AMIn context
Jake Maxwell Watts / Wall Street Journal:
Philippine Competition Commission approves Grab-Uber deal with conditions including price range controls, minimum ride acceptance rates, and more   —  Grab has been grappling with competition authorities after the deal handed it a dominant position in Southeast Asia
Aug 10, 2018, 11:40 AMIn context
Sharon Terlep / Wall Street Journal:
NYC-based online pharmacy Capsule, which provides real-time access to pharmacists and same-day delivery, raises $50M to expand nationally within 12 to 18 months   —  Startup secures $50 million in new funding as it faces competition from Amazon and traditional drugstores
Aug 9, 2018, 8:00 PMIn context
Aisha Al-Muslim / Wall Street Journal:
Yelp's stock rose 26%+ after the company reported Q2 revenue of $226M, up 21% YoY, and record growth in paying advertising accounts   —  The online review company said its second-quarter advertising revenue grew 21% from the prior-year period to $226 million
Aug 9, 2018, 3:35 PMIn context

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