After years of focusing on North America, Lyft is finally entering Europe with a deal to buy German-headquartered ride-hailing platform Free Now for $200m. www.cnbc.com/2025/04/16/l...
Worth noting that Uber already has a massive head start here (it first launched in London in.. 2012!!)
Google has been hit with a major UK lawsuit accusing the tech giant of abusing its dominance in search to squeeze competition.
The class action suit is seeking potential damages north of £5 billion on behalf of hundreds of thousands of businesses.
www.cnbc.com/2025/04/16/g...
Known for its critical chipmaking tools, ASML is something of a bellwether for the global semiconductor industry.
Today, the company said tariffs are “creating a new uncertainty” for market demand, suggesting some disruption may be afoot for chipmakers. www.cnbc.com/2025/04/16/c...
Marshmallow, the UK insurance startup for migrants, raises $90M at a $2B+ valuation
Exclusive: Adobe has invested an undisclosed sum into Synthesia, in a bet that AI will transform video production. www.cnbc.com/2025/04/15/a...
As Meta faces off with the FTC in court today, the regulator's former chair Lina Khan says Facebook “panicked” and resorted to a "buy-or-bury scheme" when it saw Instagram and WhatsApp experience huge growth as smartphones took off: www.cnbc.com/2025/04/14/f...
The venture capital industry was already under pressure from a lack of big IPOs or M&A deals. Now VCs face an even tougher outlook, with tariff uncertainty and market volatility putting public listings from the likes of Klarna and StubHub on hold: www.cnbc.com/2025/04/11/t... #vc #tech #tariffs
Nice piece from @haydenfield.bsky.social on Isomorphic Labs, the secretive Google DeepMind spinoff that's trying to achieve groundbreaking drug discoveries using AI. cnbc.com/2025/04/09/i...
The UK tried to keep details of a hearing on Apple's appeal against demands for a "backdoor" to users' encrypted info a secret.
A tribunal has dismissed that request for secrecy, saying it “would be the most fundamental interference with the principle of open justice.” www.cnbc.com/2025/04/07/u...
In his annual shareholder letter, JPMorgan boss Jamie Dimon warns tariffs announced by President Donald Trump last week will likely boost prices on both domestic and imported goods, weighing down a slowing US economy. www.cnbc.com/2025/04/07/j...
Trump extended the deadline for ByteDance to sell TikTok's US operations until mid-June.
TikTok faces an effective ban in the US if its Chinese parent company can't agree on a sale.
Numerous suitors for the app have emerged, including Oracle, Amazon and AppLovin. www.cnbc.com/2025/04/04/t...
Klarna and StubHub have both slammed the brakes on their IPOs in response to market volatility following Trump's tariffs on several major US trading partners. www.cnbc.com/2025/04/04/k...
Plaid has more than halved in value in a new funding round netting the company $575 million.
The US fintech is now valued at $6 billion, down from $13.4 billion it was worth in 2021. www.cnbc.com/2025/04/03/p...
Nintendo's new Switch 2 will hit the shelves on June 5 for a price of $449.99 (£395.99 in the UK).
All details - including a new camera accessory catering for streamers - here in our story, from @kif.bsky.social: www.cnbc.com/2025/04/02/n...
Raspberry Pi reported a 57% drop in profit for 2024, in the company’s first earnings report since its London listing. www.cnbc.com/2025/04/02/e...
Investors now think OpenAI is worth $300 billion...!
Gonna be interesting to see how it all shakes out when investors start getting itchy for a return on their mammoth investments into this company...
www.cnbc.com/2025/03/31/o...
After years of struggles in its consumer devices unit following Trump's crackdown, Huawei is nearly back to where it was in 2020, reporting its second-highest revenue figure ever for 2024.
Story here from @arjunkharpal.bsky.social: www.cnbc.com/2025/03/31/h...
“I still am crazy enough" to think Klarna can become "the next Google" in size, the fintech firm's boss Sebastian Siemiatkowski told me.
Klarna's journey has been like a rollercoaster. In 2021, it reached a $46 billion valuation (on paper), only to then lose 85% of its value in 2022.
New: I had an hour-long interview with the CEO of Klarna last year. We spoke about everything from his views on AI and how he thinks it will replace jobs to the challenges of being a founder-CEO for two decades. www.cnbc.com/2025/03/31/k...
I really did try and tell people
CRWV opens at $39 per share.
Down sharply from an initial price target of $47 to $55.
Story from @jordannovet.bsky.social here: www.cnbc.com/2025/03/28/c...
CoreWeave is going out on a volatile market day: www.cnbc.com/2025/03/27/s...
US stocks are in the red. Nasdaq down 2.7%.
This could be ugly.
"CoreWeave reported a net loss of $863 million last year, with revenue soaring 737% from a year earlier. It’s a capital-intensive business due to the high costs of renting out and operating data centers."
😬
Ubisoft shares are surging this morning after the video game maker said it was spinning off some of its top franchises - including Assassin's Creed, Far Cry and Tom Clancy's Rainbow Six - into a new subsidiary backed by China's Tencent. www.cnbc.com/2025/03/28/u...
So this was all just a big "nothing burger," then?
www.bbc.co.uk/news/article...
Fintech funding coming back?
Mercury, a San Francisco-based startup that offers bank accounts for businesses, announces it's raised $300 million.
The round was led by Sequoia Capital and doubles Mercury's valuation to $3.5 billion from $1.6 billion previously. www.businesswire.com/news/home/20...
Obviously, Steve is only one man. And many others will have their own takes. I just found it funny (especially coming from the guy who designed some of Apple's first products...)
Here's the full interview, for anyone who's interested! www.cnbc.com/video/2025/0...
Woz: “Coming from Apple, user interface, the way you deal with technology, is the most important thing in the world to me. And Tesla is the worst in the world at that.”
