Techmeme

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Crystal Tse / Bloomberg:
Tongcheng-eLong, a Tencent-backed online Chinese travel company, raises $180M in its Hong Kong IPO after pricing sale near the bottom of the marketed range   —  - Tongcheng-Elong prices deal near bottom of marketed range  — Hong Kong IPOs struggle amid global technology stock rout
Nov 20, 2018, 11:10 PMIn context
Eric Newcomer / Bloomberg:
Uber has shifted strategies in Germany, Japan, and Argentina by working within regulations and launching non-ride-hailing businesses   —  Sitting in his glass-walled office in Berlin with an open suit jacket, casually tieless, Christoph Weigler looks every bit the part of a Silicon Valley startup executive.
Nov 20, 2018, 1:30 PMIn context
Bloomberg:
Sources: US DOJ probe into cryptocurrency manipulation has homed in on Bitcoin, Tether, and Bitfinex, and whether traders artificially inflated Bitcoin's price   —  - DOJ investigating whether Tether was used to prop up Bitcoin  — U.S. case part of broader review of possible coin manipulation
Nov 20, 2018, 12:00 PMIn context
Julie Verhage / Bloomberg:
Startup Acorns Is in Talks to Seek Funding at $700 Million Valuation   — The fintech company has more than $1 billion under management  — Existing investors include BlackRock, PayPal and Kevin Durant  —  Acorns Grow Inc. is in talks with investors for a new funding round that would give …
Nov 16, 2018, 1:30 PMIn context
Alistair Barr / Bloomberg:
Facebook's board says it pushed Zuckerberg and Sandberg to respond to Russian interference faster and calls NYT report “grossly unfair”   —  Facebook Inc.'s board defended how Chief Executive Officer Mark Zuckerberg and Chief Operating Officer Sheryl Sandberg have handled mounting problems faced …
Nov 15, 2018, 2:45 PMIn context
Bloomberg:
Sources detail Palantir's frustration with Morgan Stanley's mutual funds, which have repeatedly lowered the valuation of their ~$3M stake, ahead of expected IPO   —  - Bank's mutual funds have repeatedly cut value of small holding  — So Palantir sought to buy it back at lower price, people say
Nov 14, 2018, 2:40 PMIn context
Bloomberg:
US GAO dismisses Oracle's argument that the Pentagon's $10B cloud contract violated federal standards and unfairly favored Amazon   —  - GAO decision deals setback to Oracle's federal contracts push  — Rejection frees Pentagon to pursue single-source solution
Nov 14, 2018, 1:50 PMIn context
Sarah Frier / Bloomberg:
In written response to Senate Intelligence Committee, Facebook says free speech and privacy will inform any decision to return to China   —  Facebook Inc. said if it ever returns to China, the company will do it in a way that preserves rights to free expression and privacy — issues that make such a move almost impossible today.
Nov 14, 2018, 7:30 AMIn context
Joshua Brustein / Bloomberg:
Lime to launch a car sharing service in Seattle this week, starting with a fleet of 50 vehicles and quickly ramping that up to 1,500 cars by early 2019   —  San Francisco-based startup Lime has spent the last year scattering an assortment of brightly colored scooters and bikes around American cities …
Nov 13, 2018, 2:55 PMIn context
Tom Randall / Bloomberg:
Source: Waymo plans to launch the world's first commercial driverless car service in December under a new brand that will compete directly with Uber and Lyft   —  Under a new name, the Google sibling plans to methodically build a futuristic rival to Uber and Lyft.  This is how it will unfold.
Nov 13, 2018, 7:45 AMIn context

Sponsor Posts

Smartsheet:
Smartsheet recognized as a “pioneer in work management software” by 451 Research  —  In the innaugural 451 Firestarter awards, industry analyst firm 451 Research recognized the compnay for outstanding innovation in the category of work management.
Talla:
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