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Companies & Startups

GLOBALVC funding set to hit lowest level since 2020

VC FUNDING SET TO HIT LOWEST LEVEL SINCE 2020

EquityZen Founder & Chief Strategy Officer Phil Haslett joins Emily Chang to talk about the macro environment and how it is affecting VC investing, how workers can protect their equity if they've b...

Bloomberg  Bloomberg
Recent
GLOBALFrontier raises offer to buy Spirit Airlines

FRONTIER RAISES OFFER TO BUY SPIRIT AIRLINES

Frontier Airlines CEO Barry Biffle says the airline's proposed acquisition of Spirit Airlines would lower fares for consumers. Speaking on "Bloomberg Markets: European Close," he also discusses cur...

Bloomberg  Bloomberg
Recent
GLOBALNike earnings surpass analysts' expectations

NIKE EARNINGS SURPASS ANALYSTS' EXPECTATIONS

Nike reported results that surpassed analysts' expectations, overcoming supply-chain pressures that have persisted for many months. Bloomberg Intelligence's Poonam Goyal has more on "Bloomberg Mark...

Bloomberg  Bloomberg
Recent
BREAKINGGoogle hit with another anti-trust lawsuit

GOOGLE HIT WITH ANOTHER ANTI-TRUST LAWSUIT

A Danish online job-search rival has filed an antitrust complaint against Google with EU regulators, alleging the online search giant had allegedly used its market power to push its own service, Go...

Ticker News  Ticker News
Recent
Google to start charging small businesses for email, other apps

GOOGLE TO START CHARGING SMALL BUSINESSES FOR EMAIL, OTHER APPS

Google is going to start charging small businesses for use of its Google Workspace suite of tools, including Gmail. The fee is expected to be about $6 a month.

CBC News  CBC News
Recent
Netflix confirms talks for ad partners

NETFLIX CONFIRMS TALKS FOR AD PARTNERS

Netflix co-CEO Ted Sarandos confirmed Thursday at Cannes Lions 2022 that the streaming giant is speaking with multiple potential partners to help bring ads to its platform. The confirmation comes a...

Cheddar News  Cheddar News
Recent
At-home abortion pill startup responds to Roe v. Wade

AT-HOME ABORTION PILL STARTUP RESPONDS TO ROE V. WADE

Hey Jane Co-Founder and CEO Kiki Freedman joins Emily Chang to give her reaction to the news of the reversal of Roe v. Wade by the Supreme Court, and how her company will navigate these new paramet...

Bloomberg  Bloomberg
Less Recent
GLOBALChinese tech insiders describe cautious market mood

CHINESE TECH INSIDERS DESCRIBE CAUTIOUS MARKET MOOD

China tech insiders describe an ongoing sense of paranoia and paralysis, despite a brighter market outlook for Chinese tech companies, suggesting the outlook is still far from rosy. Zheping Huang r...

Bloomberg  Bloomberg
Older
Uncertainty hits big tech with downturns and layoffs

UNCERTAINTY HITS BIG TECH WITH DOWNTURNS AND LAYOFFS

After years of steady growth, global tech stocks and cryptocurrency prices are on a downturn, leading to layoffs and hiring freezes at notable companies.

CBC News  CBC News
Older
Exclusive first look at Amazon-owned driverless car

EXCLUSIVE FIRST LOOK AT AMAZON-OWNED DRIVERLESS CAR

Cheddar News got an inside look at Amazon's Zoox, a company focused on autonomous electric vehicles. Senior reporter Michelle Castillo has the story.

Cheddar News  Cheddar News
Older
GLOBALSoftBank faces investors after $34 billion loss

SOFTBANK FACES INVESTORS AFTER $34 BILLION LOSS

Masayoshi Son will face investors after a record yearly loss when SoftBank Corp. hosts its annual shareholders meeting later Friday. Confidence from even his most faithful backers may be at a break...

Bloomberg  Bloomberg
Older
FedEx earnings forecast beats estimates

FEDEX EARNINGS FORECAST BEATS ESTIMATES

FedEx Corp. forecast annual earnings above analysts' expectations and posted quarterly profit that matched estimates as the courier benefits from higher package prices and resolves some operating s...

Bloomberg  Bloomberg
Older
BREAKINGMusk says new Tesla plants are losing billions

MUSK SAYS NEW TESLA PLANTS ARE LOSING BILLIONS

Elon Musk called Tesla Inc.'s new plants in Germany and Texas "gigantic money furnaces" in comments to Tesla owners posted online Wednesday, as the electric-vehicle maker tries to ramp up productio...

Bloomberg  Bloomberg
Older
Slack set to compete with Zoom on video conferencing

SLACK SET TO COMPETE WITH ZOOM ON VIDEO CONFERENCING

Slack CEO Stewart Butterfield joins Emily Chang, as the Slack Frontiers annual conference gets underway, to discuss new platform features and upgrades. Plus, his views on workforce trends, hybrid w...

Bloomberg  Bloomberg
Older
PAEnergy company mulls spot for new Natural Gas facility

ENERGY COMPANY MULLS SPOT FOR NEW NATURAL GAS FACILITY

Penn-America Energy is mulling several spots between South Philadelphia and Marcus Hook for its hundred-acre facility natural gas liquefaction facility and export terminal, which would be the large...

Fox News  Fox News
Older
BREAKINGNetflix announces staff layoffs

NETFLIX ANNOUNCES STAFF LAYOFFS

Netflix is set to implement new cost cutting measures citing the low revenue growth. The largest streaming platform is laying off 150 staffers across the company with most of the cuts focused on th...

Ticker News  Ticker News
Older
Apple employees vote to unionize in Maryland

APPLE EMPLOYEES VOTE TO UNIONIZE IN MARYLAND

International Association of Machinists Eastern Territory General Vice President David Sullivan joins Emily Chang to talk about the implications of the Apple union win they helped orchestrate, and ...

Bloomberg  Bloomberg
Older
GLOBALFalconX doubles valuation despite crypto winter

FALCONX DOUBLES VALUATION DESPITE CRYPTO WINTER

Bloomberg's Hannah Miller joins Emily Chang to talk about Bitcoin trading once again around the $20,000 level and moving in tandem with weakening stocks. Yet, some crypto companies are more optimis...

Bloomberg  Bloomberg
Older
NSWCrown & Blackstone win approval for Sydney Casino

CROWN & BLACKSTONE WIN APPROVAL FOR SYDNEY CASINO

Crown Resorts Ltd. has finally gained permission to open its flagship Sydney casino just days before buyout firm Blackstone Inc. takes over. Harry Brumpton reports on Bloomberg Television.

Bloomberg  Bloomberg
Older
Microsoft to buy gaming giant Activision

MICROSOFT TO BUY GAMING GIANT ACTIVISION

Bloomberg's Alex Webb explains the $69 billion Microsoft-Activision deal. The leading gaming developer will now fall under the tech giant's broader gaming strategy.

Bloomberg  Bloomberg
Older
Popular photo editing app pulled from Play Store

POPULAR PHOTO EDITING APP PULLED FROM PLAY STORE

Google has taken down a popular android camera app from their Play Store. The 'PIP Camera' as removed over warnings that it contained malware. It’s been found to have taken users' Facebook credenti...

Ticker News  Ticker News
Older
Meta rolls out monetizing features for Instagram creators

META ROLLS OUT MONETIZING FEATURES FOR INSTAGRAM CREATORS

Bloomberg's Sarah Frier joins Emily Chang to discuss how Meta is trying out new ways for creators to make money on Facebook and Instagram by launching updates that will help them build content in t...

Bloomberg  Bloomberg
Older
NFT startup Magic Eden's $1.6b valuation

NFT STARTUP MAGIC EDEN'S $1.6B VALUATION

Magic Eden CEO Zhuoxun Yin joins Emily Chang and Sonali Basak on Bloomberg's Crypto Report to talk about how their NFT marketplace saw its valuation rise ten-fold despite a slowdown in private inve...

Bloomberg  Bloomberg
Older
BREAKINGMusk announces mass sackings at Tesla

MUSK ANNOUNCES MASS SACKINGS AT TESLA

Elon Musk, CEO of Tesla, said a 10% cut in salaried staff at the electric car maker will happen over three months, as the world’s richest man predicted a U.S. recession was more likely than not. El...

Ticker News  Ticker News
Older
Southwest pilots protest staffing issues

SOUTHWEST PILOTS PROTEST STAFFING ISSUES

Pilots at one of North Texas' two big airlines say they've had enough of low staffing and demanding hours. They are picketing to demand change.

Fox News  Fox News
Older
Kellogg splitting into three companies

KELLOGG SPLITTING INTO THREE COMPANIES

Food giant Kellogg announced that it will be splitting into three smaller, publicly-traded companies. The three groups will be divided between American cereals, its plant-based division, and the re...

Cheddar News  Cheddar News
Older
Musk: 'I have never said people should invest in crypto'

MUSK: 'I HAVE NEVER SAID PEOPLE SHOULD INVEST IN CRYPTO'

Tesla Inc. CEO Elon Musk discusses cryptocurrency and his continued personal support for Dogecoin. He speaks with Bloomberg News Editor-in-Chief John Micklethwait at the Qatar Economic Forum.

Bloomberg  Bloomberg
7 days ago
BREAKINGSpaceX fires employees critical of Elon Musk

SPACEX FIRES EMPLOYEES CRITICAL OF ELON MUSK

SpaceX has fired "a number of employees" responsible for an open letter critical of the behavior of Chief Executive Officer Elon Musk, according to an internal memo, an unusual clash hinting at gro...

Bloomberg  Bloomberg
10 days ago
BREAKINGWorld's biggest trial of four-day-week

WORLD'S BIGGEST TRIAL OF FOUR-DAY-WEEK

The world’s biggest four-day work week pilot is underway in the U.K., where thousands of workers will get an extra day off for the next six months without a pay cut to assess the impact on workplac...

CBC News  CBC News
10 days ago
Analysis: What we know about Musk's meeting with Twitter

ANALYSIS: WHAT WE KNOW ABOUT MUSK'S MEETING WITH TWITTER

The Elon Musk-Twitter saga has entered a notable new chapter. The Tesla and SpaceX CEO spoke to Twitter employees yesterday for the first time since he agreed to acquire the social media company. M...

Cheddar News  Cheddar News
10 days ago