Posts filtered by tags: Bloomberg[x]


Uber reportedly chooses the NYSE for IPO as competitor Lyft gears up to list on Nasdaq

Uber has chosen the New York Stock Exchange for its upcoming initial public offering (IPO), according to Bloomberg. The ride-hailing company is expected to publicly file for an IPO in April at a valuation that could hit as high as $120 billion. Meanwhile, Uber's rival Lyft is revving up its own IPO on the other major US stock exchange, the Nasdaq. Lyft is expected to start trading at the end of next week. The competition between Uber and Lyft has no bounds. Just days before Lyft is set to go ...
Tags: Lyft, Ipo, US, Trends, Bloomberg, New York Stock Exchange, Levi Strauss, Nyse, Samsung Galaxy, GrubHub, New York Stock Exchange NYSE, Bloomberg Uber, Nasdaq Lyft, Nasdaq Uber

LogRocket nabs $11M Series A to fix web application errors faster

Every time a visitor experiences an issue on your website, it’s going to have an impact on their impression of the company. That’s why companies want to resolve issues in a timely manner.  LogRocket, a Cambridge, MA startup, announced an $11 Million Series A investment today to give engineering and web development teams access to more precise information they need to fix issues faster. The round was led by Battery Ventures with participation from seed investor Matrix Partners. When combined with...
Tags: Startups, TC, Cloud, Developer, Boston, Funding, San Francisco, Tech, Bloomberg, Mit, Cambridge, Columbia, Battery Ventures, LogRocket, Web Application Troubleshooting, Matrix Partners When

Amazon accused of illegally firing a warehouse worker who protested against working conditions and HQ2

A former Amazon warehouse employee has filed a complaint against the company claiming he was fired for speaking out about its working conditions. Rashad Long worked at the Staten Island warehouse, and in December participated in a protest over Amazon's planned HQ2 expansion. An Amazon spokeswoman said Long was fired because he violated a "serious safety policy," a claim Long says is "bogus." A former Amazon warehouse worker has filed a complaint against the tech giant, saying he was fired as ...
Tags: Amazon, Europe, New York, New York City, Trends, Spain, Bloomberg, Long, Gizmodo, Staten Island, National Labor Relations Board, Samsung Galaxy, Recently Amazon, New York Amazon, Retail Wholesale and Department Store Union, Stuart Appelbaum

U.S. probed FAA's Boeing 737 Max software approval last year - Bloomberg

U.S. officials started investigating the Federal Aviation Administration's (FAA) approval of the Boeing 737 Max software linked to the Lion Air plane crash last year weeks after the accident, Bloomberg reported on Wednesday, citing people familiar with the matter.
Tags: Money, Bloomberg, businessNews, Faa, Boeing, Federal Aviation Administration, Lion Air

Bill Gates is worth $100 billion and he plans to give most of it away — here's how he spends his money now, from a luxury car collection to incredible real estate

Bill Gates' net worth is officially $100 billion, according to the Bloomberg Billionaire index. That makes him $24 billion richer than he was five years ago, and puts him in a two-man club with Jeff Bezos, reported Business Insider's Julie Bort. While he indulges in a few luxuries, they make up only a fraction of his fortune. He mainly spends his billions on charity through the Bill and Melinda Gates Foundation, and plans to give away most of his fortune. Bill Gates is getting richer and rich...
Tags: Beyonce, Microsoft, Washington, Trends, Bloomberg, Bill Gates, Bill, Kylie Jenner, Jeff Bezos, Gates, Melinda Gates Foundation, Melinda, Julie Bort, Bort, Bloomberg Billionaire, Jay Z Bill Gates

What’s a centibillionaire? Ask Bill Gates and Jeff Bezos, the only members of the $100 Billion Club

Bloomberg tracks the fortunes of some 2,800 billionaires. Of those, 145 are worth at least $10 billion, making them decabillionaires. Now, the world contains two centibillionaires simultaneously. Microsoft co-founder Bill Gates, once the world’s richest person, has again eclipsed the $100 billion threshold, joining’s Jeff Bezos in the exclusive club, according to the Bloomberg Billionaires Index. Gates’s fortune, now $100 billion on the nose, hasn’t reached such heights since the dot-...
Tags: Amazon, Business, Microsoft, France, Los Angeles, Georgia, Spain, Bloomberg, Sport, Soccer, Bill Gates, Warren, Jeff Bezos, Amancio Ortega, Kohl, Bezos

This could be our first look at the Galaxy Fold's rumored creasing issue that Samsung is supposedly trying to fix

A recent video shows creasing down the middle of what is purportedly Samsung's unreleased foldable smartphone, the Galaxy Fold.  The Galaxy Fold uses a plastic display, which could explain creasing over time. Bloomberg previously reported that Samsung is currently working to address a creasing issues that crops up after 10,000 folds. A Samsung Galaxy Fold — or a phone that looks just like it — that's somehow out in the wild before its April 26 release date is showing signs of creasing, accord...
Tags: Samsung, Trends, Bloomberg, Samsung Galaxy

What We're Reading ~ 3/20/19

T. Rowe Price: The Man, The Company & The Investment Philosophy [Cornelius Bond]How to take the outside view [McKinsey] Pitch on short Tesla [Dropbox]What is Amazon [Zack Kanter] Allen Zhang on the key product principles of WeChat [WeChat]KKR is too cheap [Yet Another Value Blog]Buying is easy, selling is hard [Bloomberg] In 12 minutes, everything went wrong: LionAir crash [NYTimes]The SaaS [Matrix Partners]How an app for gamers went mainstream [The Atlantic]The risk of low growth stocks: Pres...
Tags: Amazon, Hbo, Finance, Tesla, Bloomberg, Netflix, Atlantic, TSLA, Espn, Jack Dorsey, Ba, KKR, Vanity Fair, What We're Reading, Mckinsey, NFLX

You can wirelessly charge your AirPods without buying the new ones — you just need Apple's new $79 case

Apple launched a new wireless charging case for AirPods on Wednesday, which is compatible with both generations of the wireless earbuds. The case is priced at $79 and is available to order on Apple's website. It means AirPods owners will no longer have to turn to third-party accessories for wireless charging. Apple refreshed its AirPods on Wednesday with a few new features, including support for hands-free Siri access, faster pairing with Apple devices, and the option to purchase Apple's earb...
Tags: Apple, Trends, Siri, Bloomberg, Wall Street Journal, Qi, Samsung Galaxy, Apple Stores

Wall Street's appetite for alternative data has turned into a gold rush, but investors say there's more dirt than nuggets

Investors speaking on a panel in New York on Tuesday said they struggle to find viable alternative data providers. Data sets often times don't meet their minimum requirements for usage. Investors said even the data that is up to par often times can't be integrated into trading strategies.  Alternative data might be one of the hottest industries on Wall Street, but data experts at quantitative hedge funds said the booming space has been difficult to generate incredible returns, despite seeming...
Tags: New York, Trends, Tesla, Bloomberg, Nasdaq, Citadel, Morse, Rob Morse, Lisa Schirf, Schirf, Olga Kokareva, Quantstellation, Kokareva, However Kokareva, PDT Partners

Prudential Financial, DAG Ventures lead $122 mln round for Point

Point said March 20 that it raised $122 million Series B funding led by Prudential Financial and DAG Ventures. New investors include Financial Venture Studio and Enterprise Community Partners, while existing investors Andreessen Horowitz, Ribbit Capital, and Bloomberg Beta​ participated. Kingsbridge Wealth Management, which took part in the equity round, is providing a $100 million platform capital commitment. Point, of Palo Alto, California, buys equity in American homes. PRESS RELEASE Palo Alt...
Tags: Trends, Bloomberg, Citigroup, Airbnb, Andreessen Horowitz, Prudential, District Of Columbia, David Dunn, Pru, Lim, Palo Alto Ca, U S, Bloomberg Beta, HEI, Kingsbridge, Palo Alto California

Tencent Music beats in its first earnings release after going public (TME)

Tencent Music Entertainment beat on both the top and bottom lines. But shares are down 3% to $18.00 apiece after the announcement. It's Tencent Music's first earnings release since going public in the US in December. Watch Tencent Music Entertainment trade live. Tencent Music Entertainment, the biggest streaming-music service in China, reported better-than-expected earnings for the fourth quarter. But shares are down 3.07% to $18.00 apiece after the announcement. Here are the key numbe...
Tags: China, US, Trends, Bloomberg, Tencent Music Entertainment, Chinese IPO, Tencent Music

Industry veteran Jade Raymond is in charge of turning Google into a major video game publisher — and that has huge ramifications (GOOG, GOOGL)

On Tuesday, Google announced Stadia, a new video game streaming service that could usher in a new era of cloud-based gaming.  Jade Raymond, who Google recently hired as a vice president, will be leading the in-house teams creating games specifically for Stadia.  With Raymond, Google has a seasoned industry veteran at the helm — and also makes a powerful statement in an industry with a well-earned reputation as being toxic to women.  In Tuesday, Google announced its huge new push into gaming: ...
Tags: Google, US, Trends, Bloomberg, EA, Larry Page, Valve, Ubisoft, Oprah, Raymond, Diane Green, Sarkeesian, Phil Harrison, Google Cloud, Huawei China, Jade Raymond

Tencent Music sinks after online-music revenue per user comes up short (TME)

Tencent Music Entertainment beat on both the top and bottom lines. Buts its m onthly average revenue per paying user for its online-music business fell 1% year-over-year. Shares were down more than 6% to $17.42 apiece after the announcement. Tuesday's report was Tencent Music's first since going public in the US in December. Watch Tencent Music Entertainment trade live. Tencent Music Entertainment, the biggest streaming-music service in China, reported better-than-expected earnings for t...
Tags: China, US, Trends, Bloomberg, Tencent Music Entertainment, Chinese IPO, Tencent Music

Tesla factory workers took twice as many days off last year than in 2017 because of injury or sickness (TSLA)

Workers at Tesla's auto plant spent twice as many days away from their jobs due to work-related injuries and illnesses, after adjusting for workforce growth, in 2018 than in 2017, Bloomberg reports, citing a report Tesla filed with the Occupational Safety and Health Administration. While the total number of injuries from Fremont employees increased by around 28%, the rate of injuries per hour worked was about the same as in 2017, according to Bloomberg. A Tesla representative told Business Ins...
Tags: Elon Musk, China, Trends, Tesla, Bloomberg, SEC, Fiat Chrysler, FREMONT, Shelby, OSHA, Occupational Safety and Health Administration, Ford General Motors, Fremont California, Occupational Safety and Health Administration OSHA, Bloomberg Tesla, Bloomberg Read

Here comes Tencent Music, China's biggest streaming-music service (TME)

Tencent Music Entertainment is set to report fourth-quarter financial results after Tuesday's closing bell. It will be Tencent Music's first earnings release since going public in the US in December. Watch Tencent Music Entertainment trade live. Tencent Music Entertainment, the biggest streaming-music service in China, is set to report fourth-quarter earnings after Tuesday's closing bell. Here's what analysts surveyed by Bloomberg are expecting: Adjusted earnings per share: $0.55  Reve...
Tags: China, US, Trends, Tesla, Bloomberg, Tencent Music Entertainment, Chinese IPO, Tencent Music, Tencent Music China

Why, Maker of Self-Driving Tech, is Moving to San Diego

Tech salaries may not be as high outside of Silicon Valley, but neither is the cost of operating a business—or the cost of living.San Diego’s startup community has rejoiced in recent months as massive companies that employ thousands of engineers—including Amazon (NASDAQ: AMZN), Apple (NASDAQ: AAPL), and the tech arm of Walmart (NYSE: WMT)—have announced expansions in the region.Local entrepreneurs hope that investment will make other tech businesses, including early-stage companies, more comfor...
Tags: Startups, Elon Musk, Hardware, Entrepreneurship, Trends, Tech, Tesla, Bloomberg, Palo Alto, Software, San Diego, Silicon Valley, Self-driving Cars, George Hotz, Aapl, Ashlee Vance

Ares, Crescent Capital to take control of Savers from Green, TPG: Bloomberg

Ares Management and Crescent Capital Corp are taking control of Savers LLC, a for-profit thrift-store chain, from Leonard Green & Partners and TPG, Bloomberg is reporting. Ares and KKR are backing about $590 million of funded debt, according to a restructuring agreement cited by the story. Ares and Crescent are injecting $165 million in cash and would collectively hold a controlling stake in the company, Bloomberg said. Savers plans to complete the deal out of court within the next two weeks but...
Tags: Trends, Bloomberg, KKR, Savers, PE Deals, Leonard Green Partners, Consumer/Retail, Ares Crescent Capital, Green TPG, Ares Management and Crescent Capital Corp, Savers LLC, TPG Bloomberg, Ares and Crescent

YouTube's human moderators couldn't stem the deluge of Christchurch massacre videos, so YouTube benched them

YouTube said videos of the mass shooting at two mosques in Christchurch, New Zealand, were being uploaded at an "unprecedented" speed last Friday. YouTube's Chief Product Officer Neal Mohan told The Washington Post that his team removed human moderators, instead letting AI unilaterally block videos. Even then not everything was caught, as users got around the machine by adding watermarks, cutting together clips, or in some cases even animating people in the video. Mohan said YouTube's processe...
Tags: Amazon, Facebook, Instagram, Youtube, Trends, Bloomberg, New Zealand, The Washington Post, Christchurch, Mohan, Sarah Frier, Christchurch New Zealand, Neal Mohan, On Sunday Facebook, Post YouTube, Washington Post YouTube

Apple is holding a big event a week from now — here's everything it's expected to announce (AAPL)

Apple has scheduled an event for March 25, when it's expected to introduce new services focusing on video streaming and news subscriptions. Sales of Apple's iPhone have been slowing. Though Apple is likely to announce its video service this month, the service is not expected to launch until the spring. Apple made headlines recently when it sent out media invites to a March 25 event, where it's widely expected to unveil its long-rumored video service and a news-subscription platform. An expans...
Tags: Apple, Amazon, Spotify, Trends, Bloomberg, Netflix, Jennifer Aniston, Starz, Hulu, Oprah, Wall Street Journal, Hailee Steinfeld, Steven Spielberg, Cnbc, Aapl, Bernstein

The IPO Price and the S1

In my What Is Going To Happen In 2019 post, I wrote: I expect we will see IPOs from big names like Uber/Lyft/Slack, although I also expect those deals will get priced well below the lofty expectations they have in mind right now. Some of that will be because of weak equity markets in the US, but it is also true that most of the IPOs in 2018 also priced below the lofty “going in” expectations of founders, managers, boards, and their bankers. The public markets have been much more sanguine abou...
Tags: Lyft, Time, US, Trends, Bloomberg, SEC, Stocks, EBITDA, Capital Stock In Lyft

Big buyout firms interested in Bayer’s animal-health unit: Bloomberg

PE firms including KKR and CVC Capital are exploring making bids for Bayer AG’s animal-health business, Bloomberg reported. Advent International, Blackstone Group LP, EQT Partners and Permira as well as industry rivals, could also be interested, the story said. Bayer’s animal-health business could fetch as much as 8 billion euros ($9 billion), Bloomberg said.
Tags: Trends, Bloomberg, KKR, Permira, Bayer, Bayer AG, CVC Capital, Blackstone Group LP EQT Partners

Apple’s ambitious vision for the future of TV is finally about to take shape. Here’s why it matters more than ever.

Apple laid the foundation for its approach to the TV market when it announced its refreshed Apple TV in 2015, and a new streaming service would serve to further that vision. It's a critical move for Apple as it looks to combat slowing iPhone sales and maintain its status as an innovator in the industry. The service will represent a new product category for Apple as next-generation gadgets like augmented reality glasses and autonomous driving software are still said to be in development. When ...
Tags: Apple, Google, Amazon, Hbo, Samsung, Trends, Bloomberg, Apple TV, Netflix, Tim Cook, Apple Watch, Pebble, James Corden, Oprah, Amazon Echo, Steven Spielberg

PagerDuty just filed its S-1

Yet another San Francisco-based company looks to be going public imminently. PagerDuty, an 8.5-year-old startup that sends companies information about their technology, just filed its S-1, a public disclosure about its IPOs plans. PagerDuty, which helps companies quickly respond to IT incidents, as well as increasingly tries to anticipate them, had reportedly filed confidentially several months ago but the 35-day government shutdown meant that no one could review its prospectus (or that of other...
Tags: Startups, TC, San Francisco, Bloomberg, Morgan Stanley, Bessemer Venture Partners, Eventbrite, Bessemer, Tejada, Harrison Metal, Baseline Ventures, Julia Hartz, T Rowe Price Associates, Jennifer Tejada, Wellington Management Earlier, Accel Andreessen Horowitz

Elon Musk says 2018 felt like 'aging 5 years in 1' as Tesla went through production hell (TSLA)

2018 was one of Tesla's most important — but most difficult — years to date.  The company worked at break-neck speed to ramp up production of the Model 3 and become profitable.  CEO Elon Musk opened up about those struggles in his unveiling of Tesla's newest car on Thursday, saying last year felt like aging five years in one.  In his unveiling of Tesla's newest car, the Model Y, on Thursday, CEO Elon Musk opened up about Tesla's struggle to mass-produce cars and become profitable in 2018. "20...
Tags: Elon Musk, Trends, Tesla, Bloomberg, Tesla Elon Musk

Mt. Gox’s Mark Karpelès could avoid prison, despite faking financial records

Mark Karpelès, the head of defunct cryptocurrency exchange Mt. Gox, has been found guilty of tampering with financial records, but thanks to a suspended sentence will probably avoid prison. Today, some five years after being ransacked by hackers, a Japanese court found Karpelès combined his personal finances with user funds kept on Mt. Gox in a bid to obfuscate the losses. He was handed a 33-month suspended sentence, Bloomberg reports. The Tokyo District Court also found the Frenchman ‘not-guilt...
Tags: Startups, Bloomberg, Cryptocurrency, Blockchain, Tokyo District Court, Mark Karpeles, Karpeles, Mt Gox, Hard Fork

Apple is holding a big event this month — here's everything it's expected to announce (AAPL)

Apple is holding an event on March 25 during which it's expected to introduce new services focusing on video streaming and news subscriptions. The announcement will come as sales of Apple's iPhone have been slowing. Although Apple will likely announce its video service this month, it's not expected to launch until the spring.  Apple made headlines this week when it sent out media invites to an event on March 25, where it's widely expected to unveil its long-rumored video service and a news su...
Tags: Apple, Amazon, Spotify, Trends, Bloomberg, Netflix, Jennifer Aniston, Starz, Hulu, Oprah, Wall Street Journal, Hailee Steinfeld, Steven Spielberg, Cnbc, Aapl, Bernstein

Wall Street's biggest Nvidia bull and bear debate how crypto, data-center competition, and the China slowdown will impact the chip giant (NVDA)

Nvidia's stock shed nearly half of its value from November to January after the chipmaker delivered disappointing third-quarter results and later cut its fourth-quarter revenue guidance. But shares recovered a bit as its fourth-quarter results topped Wall Street estimates and after it beat out Intel in the race for acquiring Mellanox Technologies. To distill the latest arguments for and against investing in Nvidia, Markets Insider asked the Wall Street analysts carrying the stock's highest and...
Tags: China, Singapore, US, Trends, Bloomberg, Intel, Nvidia, Gpu, Morningstar, SunTrust, NVDA, David Connor, Exane BNP Paribas, William Stein, Mellanox Technologies, Watch Nvidia

Walmart is doubling down on private-label tech and selling its own tablets (WMT)

Walmart is developing its own tablet.  Amazon and Barnes & Noble previously unleashed cheaper alternatives to Apple's iPad. The news marks Walmart's heightened focus on producing low-cost tech products. Walmart is jumping into the tablet business, and it's yet another signal that the retail giant is getting serious about tech products. Bloomberg was first to report that the upcoming product would be "inexpensive," "kid-friendly," and powered by Google's Android OS. " I can only confirm w...
Tags: Apple, Google, Amazon, US, Trends, Walmart, Bloomberg, Federal Communications Commission, BJ, BENTONVILLE, Long Beach California, Barnes Noble, Sceptre, Onn, Chunghsin Technology Group Co, Chunghsin

I've talked to loads of hedge funds about their performance woes and there's one thing they have in common. Here's why Excel doesn't work anymore for picking stocks.

Junta Nakai has spent his career on Wall Street and in financial technology.  In this op-ed, Nakai argues that Microsoft Excel, which has been used by the investment community for years, can no longer be the only tool used for stock-picking.  The explosion of alternative data in particular has pushed stock analysis beyond what Excel is capable of.  Most investors are equipped for megabytes. Winners are equipped for terabytes. The vast majority of institutional investors today use Microsoft Ex...
Tags: Microsoft, Wall Street, Americas, America, Trends, Walmart, Bloomberg, Asia Pacific, Goldman Sachs, Financial Services, Nasdaq, Morningstar, FINRA, Mount Rushmore, Selerity, Nakai

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