Posts filtered by tags: Bloomberg[x]


Video Of The Week: Our Partner Rebecca Kaden

Rebecca Kaden, who joined USV in late 2017, was on Bloomberg last May. Somehow, I had never seen this. So I am running it today. If you don’t know Rebecca, you should meet her. She’s leading our efforts in a bunch of areas that she talks about in this interview.
Tags: Trends, Bloomberg, USV, Rebecca, VC & Technology, Rebecca Kaden

One of the most negative Netflix analysts on Wall Street explains what would make him change his tune (NFLX)

Wedbush has one of the most bearish outlooks on Netflix of any Wall Street shop. But after the company's earnings on Thursday, the firm's analysts lifted their price target and said they would reconsider their "underperform" rating should Netflix's cash burn stabilize. One of those analysts told Business Insider he would reconsider his rating and price target if Netflix were to aggressively reverse its cash burn. " That would get me to a $256 price target, and I’d reconsider upgrading to Neutr...
Tags: Beyonce, US, Trends, Bloomberg, Netflix, Hulu, Wedbush, NFLX, Michael Pachter, Pachter

China offers to ramp up U.S. imports: Bloomberg

China has offered to go on a six-year buying spree to ramp up imports from the United States in order to reconfigure the relation between the two countries, Bloomberg reported on Friday, citing people familiar with the matter.
Tags: Money, China, Bloomberg, businessNews, United States

Almost half of the Model 3s registered in the US during the first 10 months of 2018 came from California, but experts say it won't hurt Tesla's future (TSLA)

Nearly half of the US' Tesla Model 3 registrations during the first 10 months of 2018 came from California, Bloomberg reported on Wednesday, citing data from IHS Markit. The high percentage of Model 3 registrations from California does not hold any negative implications for Tesla in the short or long term, said Gene Munster, a managing partner at Loup Ventures. The disparity between California and other states results from the factors that make California residents more receptive to electric v...
Tags: Elon Musk, Florida, California, US, Trends, Tesla, Bloomberg, Azealia Banks, Gartner, TSLA, Chrysler, Grimes, Munster, Ramsey, Michael Ramsey, Tesla CEO Elon Musk

Snap and WeWork have done an outstanding job showing the problems with making CEOs all-powerful (FB, GOOGL, DBX, SNAP, ROKU)

Recent news out of WeWork and Snap illustrates the shortcomings of their corporate structures.  At Snap, CEO Evan Spiegel's imperial management style seems to be driving away numerous top managers, including its chief financial officer, who announced his departure Tuesday. At WeWork, CEO Adam Neumann is reportedly engaged in what has the appearance of self-dealing — directing the company to lease buildings that he himself owns, despite the objections of the company's investors. Both companies ...
Tags: Google, Facebook, Mark Zuckerberg, New York, Congress, Softbank, Trends, Bloomberg, Larry Page, Chicago, Silicon Valley, San Jose, Evan Spiegel, WeWork, New York Stock Exchange, Wall Street Journal

US academics say their shardy blockchain will be 10X faster than Visa

US academics are working together to create a new and improved cryptocurrency in a bid to rival Bitcoin. According to Bloomberg, professors from seven US colleges (including MIT, University of California, Standford University, and Berkely) are looking to create a digital currency capable of processing thousands of transactions a second without sacrificing the basic principle of decentralization. The project is run by Distributed Technology Research (DTR), a non-profit organization established by...
Tags: Startups, US, Bloomberg, Bitcoin, Cryptocurrency, BERKELY, Hard Fork, Pantera Capital Management LP, MIT University of California Standford University, Distributed Technology Research DTR

Snap’s outgoing CFO reportedly went around Evan Spiegel’s back to ask for more money but failed

Snap's CFO Tim Stone is leaving the company after trying to ask for more money behind CEO Evan Spiegel's back, Bloomberg reports. People familiar with the matter told Bloomberg that Stone appealed directly to the board for a raise, which he was denied. Stone was only in the job for eight months, but will stay on until Snap's Q4 earnings call in February. Snap, the parent company behind Snapchat, revealed on Tuesday that it was losing its chief financial officer Tim Stone after just eight mont...
Tags: Apple, Instagram, Trends, Bloomberg, Snapchat, Imran Khan, SEC, Evan Spiegel, Khan, Snap, Stone, SPIEGEL, Bobby Murphy, Tim Stone, Jared Grusd, Jeremi Gorman

10 things in tech you need to know today

Good morning! This is the tech news you need to know this Thursday. Federal prosecutors are investigating the Chinese electronics giant Huawei for allegedly stealing trade secrets from US companies. One such incident includes Huawei supposedly stealing robotic technology that T-Mobile uses to test its smartphones, according to the report. WeWork CEO Adam Neumann reportedly made millions of dollars by renting office space in buildings that he partially owns to his company, according to a Wall S...
Tags: Apple, Microsoft, US, Trends, Bloomberg, Netflix, Tim Cook, Evan Spiegel, Lenovo, Huawei, Wall Street Journal, Alexa, Adam Neumann, Niantic, Amazon Alexa, John Hanke

Apple is putting the brakes on hiring for certain groups because of slowing iPhone sales (AAPL)

Apple plans to reduce hiring in certain groups, according to a Bloomberg report. CEO Tim Cook informed employees about the hiring changes during an internal meeting earlier this month, but said it was not decided which groups would be affected. Cook stressed that Apple was not implementing a broad-based hiring freeze, and noted that some groups, like its artificial intelligence team, would not be affected.  Apple will cut back on hiring for certain divisions as the company re-adjusts its plan...
Tags: Apple, Cook, Los Angeles, Trends, Bloomberg, Austin, Tim Cook, Jeff Bezos, Cupertino Calif

Apple plans some hiring reductions after selling fewer iPhones - Bloomberg

Apple Inc will cut back on hiring for some divisions after lower-than-expected iPhone sales and missing its revenue forecast for the holiday quarter, Bloomberg reported on Wednesday, citing sources familiar with the matter.
Tags: Apple, Money, Bloomberg, businessNews, Apple Inc

Goldman Sachs just revealed it made a nice profit off Uber ahead of an IPO it hopes to help run

Goldman Sachs on Wednesday disclosed its sale last year of a stake in Uber. It was part of CFO Stephen Scherr's extended explanation of the Wall Street firm's investing and lending segment.  Goldman's fourth quarter results got a boost from the segment, which makes equity and debt investments in hundreds of companies and has historically been considered a "black box." Uber is considering an initial public offering this year, and may choose Goldman Sachs to help with the deal. It's already sele...
Tags: Ipo, Softbank, Trends, Bloomberg, Silicon Valley, Goldman Sachs, Morgan Stanley, Goldman, Wall Street Journal, Republic of China, Uber Technologies, Scherr, Stephen Scherr

Andreessen Horowitz-backed startup PagerDuty has confidentially filed for an IPO but because of the shutdown no one can review its prospectus

PagerDuty, an IT incident response startup, has reportedly filed confidentially for an IPO. PagerDuty was last valued at $1.3 billion in funding round backed by Silicon Valley VCs like Andreessen Horowitz and Accel. Despite filing the paperwork, PagerDuty isn't likely to get comments from the SEC anytime soon since the Securities and Exchange Commission is closed with the rest of the federal government. The hot developer-focused startup PagerDuty has confidentially filed for an IPO, Bloomberg...
Tags: Microsoft, China, Trends, Bloomberg, SEC, Silicon Valley, Andreessen Horowitz, Accel, Securities And Exchange Commission, IPO Bloomberg, Andreessen Horowitz Accel, Jennifer Tejada, Bessemer Venture Partners Morgan Stanley

Campaign Monitor acquires email enterprise services Sailthru and Liveclicker

CM Group, the organization behind email-centric services like Campaign Monitor and Emma, today announced that it has acquired marketing automation firm Sailthru and the email personalization service Liveclicker. The group did not disclose the acquisition price but noted that the acquisition would bring in about $60 million in additional revenue and 540 new customers, including Bloomberg and Samsung. Both of these acquisitions quietly closed in 2018. Compared to Sailthru, which had raised a...
Tags: Fundings & Exits, Startups, Enterprise, Email, Marketing, Samsung, Tech, Bloomberg, E-commerce, Personalization, Campaign Monitor, Sailthru, Exit, Marketing Automation, Emma, TJX

Apple's $24 million chip executive is reportedly on Intel's short list for new CEO, but it's not clear if he'd be willing to make that jump (INTC)

It's been six months and Intel still hasn't found a new CEO. Intel has reportedly put Apple senior VP of hardware technologies, Johny Srouji, on its wish list. If Intel could convince Srouji to become its new CEO, it would be a big win for the company. But that's a big if. If there's one sure-fire way for Intel to turn the fiasco of its six-month vacant CEO slot into a big win for the company, it's this: lure Apple senior vice president of hardware technologies, Johny Srouji, into becoming th...
Tags: Apple, Motorola, Microsoft, Satya Nadella, Israel, Trends, Bloomberg, Intel, Chicago, Tim Cook, SEC, Qualcomm, James, Johny Srouji, Brian Krzanich, Angela Ahrendts

BNP Paribas to close U.S. commodities trading desk - source

France's largest listed bank BNP Paribas is to close its New York commodities trading desk, offering its services from desks elsewhere, a source close to the matter said Tuesday, confirming an earlier Bloomberg report.
Tags: New York, Money, France, Bloomberg, businessNews, BNP Paribas

Blue Apron is soaring after saying it will 'reaffirm confidence in achieving profitability' on an adjusted basis (APRN)

Blue Apron said Tuesday it plans to reaffirm confidence in turning a profit in both the first quarter and fiscal year 2019 when it reports Q4 results later this month. The meal-kit maker has had difficulty retaining customers in the past. Blue Apron shares were up more than 11% early Tuesday. Watch Blue Apron trade live. Blue Apron was surging Tuesday morning, up more than 11%, after the company said it plans to reaffirm confidence in achieving profitability next year when it releases its fo...
Tags: Amazon, Trends, Bloomberg, Blue Apron, Blackrock, First Amazon, EBITDA

The reclusive founder of Huawei broke years of silence after his daughter's arrest in Canada to say he misses her 'very much'

Huawei founder Ren Zhengfei has broken years of silence to deny charges that his company spies on behalf of China. Huawei is the second-biggest smartphone maker after Samsung and also provides core telecommunications kit to countries around the world. Ren's daughter is Huawei CFO Meng Wanzhou, who was arrested in Canada at the behest of US authorities in December. The press-shy founder said he missed his daughter and said justice would prevail. Huawei is under unprecedented scrutiny over Meng'...
Tags: China, US, Samsung, Trends, Bloomberg, Iran, Canada, Poland, Donald Trump, Huawei, Wall Street Journal, Financial Times, Shenzen, Reuters, Ren, Meng

Pia d’Iribarne joins Stride.VC as third partner

It turns out Stride.VC isn’t going to focus exclusively on the U.K. after all. Pia d’Iribarne is leaving Accel to join Stride.VC as a partner. Stride.VC was originally co-founded by former Accel partner Fred Destin along with Harry Stebbings, producer of “The Twenty Minute VC” podcast. Back in October, when TechCrunch’s Steve O’Hear covered the official closing of the £50 million fund, the pair said that they would focus on the U.K. at first. Arj Soysa also joined the firm as operating par...
Tags: Startups, Europe, London, France, Tech, Bloomberg, Paris, Venture Capital, Felix Capital, Accel, Fred Destin, DESTIN, Natasha Lomas, Steve O'Hear, Harry Stebbings, Stebbings

Book: Good and Mad: The Revolutionary Power of Women’s Anger

I read Good and Mad: The Revolutionary Power of Women’s Anger by Rebecca Traister recently. It was recommended to me by Tami Forman, the CEO of Path Forward and I was immediately cheered on by Amy when I started reading it. It was extraordinary. Every man I know should read it. I’m now officially a Rebecca Traister fan. I learned a lot, was forced to think about a bunch of uncomfortable stuff, and formed some new ideas about how to address some gender-related issues in our society. And then...
Tags: Books, Gender, Book, Trends, Bloomberg, Amy, Mike Pence, Rebecca Traister, Pence, Feld, Tami Forman, MeToo, Revolutionary Power of Women

Elon Musk got some time with China's premier in a sign that the heat is going out of Trump's trade war

Tesla CEO Elon Musk met Chinese Premier Li Keqiang on Wednesday. Li said he hoped Tesla could be "a promoter of the stability of Chinese-US relations" in a sign that the two countries' trade war may be thawing. Tesla kicked off the construction of its new $2 billion Gigafactory in China this week. Elon Musk is on a charm offensive in China — and his latest meeting may be a sign that trade hostilities between the US and China are thawing. After beginning construction on Tesla's new $2 billion ...
Tags: Elon Musk, Washington, White House, China, US, Trends, Tesla, Bloomberg, Beijing, Li Keqiang, Jeff Bezos, Donald Trump, Musk, Trump, Gigafactory, Tesla Gigafactory

A growing number of companies are flashing a warning sign on China's economy

Trade tensions have added to a policy-engineered slowdown in China. Last week, Apple blamed slowing economic growth there as it cut its revenue forecast. Several other large companies have issued similar warnings about the second-largest economy. Apple rattled global markets last week as it cited cooling activity in China as a risk to revenue, underscoring expectations for the second-largest economy to slow. And it was far from alone in its warning. Prominent companies around the world h...
Tags: Apple, China, US, Samsung, Trends, Nike, Bloomberg, Tim Cook, Starbucks, Reuters, Greater China, Andy Campion, China Passenger Car Association, Patrick Grismer, Samsung Samsung Electronics, HI Investment Securities

Disney’s CEO Iger got an 81% pay boost to $65.65 million in 2018

2018 was a very good year for Walt Disney Co.’s chief executive. In a proxy statement posted Friday, Jan. 11, the company disclosed that Bob Iger’s compensation package last year jumped to $65.65 million vs. $36.3 million in 2017. According to a Seeking Alpha report disseminating the proxy statement, Iger saw his stock options rise the most, to a value of $35.35 million from $8.98 million in 2017. His base salary rose to $2.87 million from $2.5 million. Christine McCarthy, Disney’s chief financi...
Tags: Business, Uncategorized, Disney, Bloomberg, Sport, Soccer, Iger, Disneyland, Disneyland Resort, Walt Disney Co, Bob Iger, Top Stories LADN, Top Stories OCR, Top Stories PE, Top Stories IVDB, Top Stories RDF

Deutsche Bank is moving jobs out of the Sunshine State to India to cut costs

Deutsche Bank AG is offshoring around 60 accounting jobs out of Florida to India, Bloomberg reported on Friday, citing sources. The move comes as part of a larger shift by the struggling German lender to move back-office staff members to lower-cost countries. Deutsche Bank AG, which several years ago moved staff out of New York to cheaper US cities, is now shifting some of those those jobs to India. Germany's largest lender is relocating around 60 accounting positions to Mumbai from Jacksonv...
Tags: Florida, New York, India, New York City, US, Trends, Bloomberg, Frankfurt, Deutsche Bank, Silicon Valley, Goldman Sachs, Salt Lake City, Mumbai, Morgan Stanley, Panama, Jacksonville

Netflix analysts answer critical questions about the streaming giant and the future of the industry (NFLX)

Netflix jumped to a three-month high Friday following bullish commentary from UBS. The firm's analysts broke down several key questions surrounding Netflix and the future of streaming itself. The analysts also outlined their long-term view that Netflix should achieve higher margins than Wall Street currently expects as its content spend is now at a scale of the "major media companies." Watch Netflix trade live. Netflix shares soared to a three-month high Friday on the back of a bullish UBS r...
Tags: Google, Asia, Taylor Swift, India, US, Trends, Bloomberg, Netflix, Ubs, Goldman Sachs, Hulu, Latin America, Blackrock, Amazon Prime Video, Sheridan, NFLX

Hedge Fund Links ~ 1/11/19

The 20% a year stock picker who wishes his edge would disappear [Bloomberg]Deal-master Debbane - the secretive fund manager behind Oprah's WeightWatchers windfall [Forbes]Jeff Vinik plots third comeback [WSJ]Some 2018 performance figures of prominent hedge funds including RenTec [FT]Bridgewater ends 2018 up almost 15% [Reuters]Greenlight down 34% in 2018 [Bloomberg] The money managers to watch in 2019 [WSJ]Muddy Waters up 20% in 2018 [Institutional Investor]Harvard quietly amasses California vin...
Tags: California, Finance, Bloomberg, Harvard, Oprah, Reuters, Bridgewater, Jeff Vinik, Scott Bessent, Hedge Fund Links, Debbane

Here's how a Tesla and SpaceX crossover could pave the way for flying taxis (TSLA)

Elon Musk has on a SpaceX rocket, and Wall Street is looking for more crossovers between the two companies.  The billionaire has hinted at flying-car ambitions but has the same concerns as analysts, regulators, and citizens: safety.  Morgan Stanley says Tesla's expertise in batteries, AI, charging and material science gives it a clear leg up on the competition.  Elon Musk's SpaceX helped the Boring Company build its first tunnel, and it could be far from the last of the billionaire's compan...
Tags: Spacex, Elon Musk, US, Trends, Tesla, Bloomberg, Ford, Morgan Stanley, Jonas, Musk, Milo, Adam Jonas, Elon Musk s SpaceX, Trump s Space Force

Billions are at stake in the Bezos divorce. Here's what it means for Amazon shareholders. (AMZN)

Amazon CEO Jeff Bezos and his wife, MacKenzie, said earlier this week they plan to divorce. Bezos is the world's richest man, with a net worth of $137 billion, according to Bloomberg's Billionaires Index. While billions hang in the balance for them, some experts say the divorce may not mean much for the average Amazon shareholder — unless the proceedings become something of a "distraction" and impact the company's leadership. Watch Amazon trade live. Billions of dollars are at stake for Jef...
Tags: Amazon, New York, Washington, Los Angeles, Trends, Bloomberg, Jeff Bezos, Blackrock, Reuters, Jeff, Bezos, MacKenzie, Wedbush Securities, AMZN, Brian Wieser, Bellevue Washington

US recession risk hits 6-year high amid trade war, shutdown

By Katia Dmitrieva, Chibuike Oguh and Catarina Saraiva, Bloomberg Economists put the risk of a U.S. recession at the highest in more than six years amid mounting dangers from financial markets, a trade war with China and the federal-government shutdown. Analysts surveyed by Bloomberg over the past week see a median 25 percent chance of a slump in the next 12 months, up from 20 percent in the December survey. The Federal Reserve is now projected to keep interest rates steady in the first quarter,...
Tags: Business, News, China, US, Bloomberg, Sport, Economy, Soccer, Deutsche Bank, Federal Reserve, Disneyland, Donald Trump, Southern California, Macy, Kohl, Ryan

China's Geely says it has not sold Daimler shares, denies Bloomberg report

China's Geely Group said it has not sold any shares in Daimler AG, denying a Bloomberg report that the Chinese firm had slashed its 9.7 percent stake in the German carmaker by more than half.
Tags: Money, China, Bloomberg, businessNews, Daimler, Geely, Daimler AG, Geely Group

Google board sued for $90 million payout to Andy Rubin amid sexual abuse probe

“While at Google, Rubin is also alleged to have engaged in human sex trafficking -- paying hundreds of thousands of dollars to women to be, in Rubin’s own words, ‘owned’ by him.” The Board of Directors of Alphabet Inc., parent company of Google, has been sued by shareholders for okaying that $90 million exit payment to Andy Rubin, the Android mobile software superstar developer, while actively covering up abuse committed by him and other executives. Rubin was credibly accused of violently se...
Tags: Google, Post, Business, Technology, News, California, Tech, Bloomberg, Larry Page, New York Times, Sergey Brin, Sexual Abuse, Sexual Harassment, John Doerr, Ram Shriram, Alphabet

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