Bloomberg

Digital marketplace Clutch closes $1.2M pre-seed round led by Precursor Ventures

The duo aims to democratize the tools needed for everyone to become a content creator.

Venture capital funding may have slowed, but VC firms have no problems raising new funds

Three firms discuss their funds and any concerns that limited partners had brought up during the fundraising stage.

Volkswagen, Siemens invest $450M into Electrify America in EV charging push

Volkswagen Group subsidiary Electrify America said Tuesday it raised $450 million in a deal that includes its first external investor as it aims to accelerate its rollout of ultra-fast charging statio

If you must conduct layoffs, don’t be a jerk

Since our last column, another smattering of tech startups has laid off employees. We get it. Layoffs happen. But as we conduct yet another week of analysis into a depressing time in tech, we’re thi

Crypto.com CEO admits hundreds of customer accounts were hacked

Crypto.com CEO Kris Marszalek said around 400 customer accounts have been compromised in a hack in an interview with Bloomberg TV on Wednesday. His confirmation of the breach comes after multiple Cryp

OnlyFans founder Tim Stokely steps down, appoints spokesperson as CEO

OnlyFans founder and CEO Tim Stokely is stepping down, Bloomberg reports. His successor is Ami Gan, the company’s former head of communications and marketing. This move comes after a tenuous yea

China banning foreign IPOs would be pretty unsurprising

China is considering removing the VIE loophole that allowed Chinese companies to list in the United States, closing a method by which local companies could access foreign capital.

Severe weather, blackouts show the grid’s biggest problem is infrastructure, not renewables

It’s becoming harder for the U.S. to ignore the very real effects of global climate change — and despite the efforts of naysayers, it’s not a push to renewables that’s to blame

Google reportedly cancelled a cloud project meant for countries including China

Updated with Google’s full statement After reportedly spending a year and a half working on a cloud service meant for China and other countries, Google cancelled the project, called “Isolated

Snapchat redesigns its app with new action bar

Snap is unveiling some important changes for Snapchat at its Snap Partner Summit. The navigation has been rethought with a new action bar at the bottom that lets you access Snap Map and Snap Originals

Apple could reportedly announce Mac shift to its own ARM-based chips this month

For years now, analysts and unconfirmed reports have suggested Apple was working on transitioning its Mac line of computers away from Intel-based chips, and to its own, ARM-based processors. Now, Bloo

VCs warn coronavirus will impact fundraising for the next 2 quarters

As of this writing, COVID-19 has killed more than 3,400 people around the globe and the coronavirus has infected tens of thousands more. But its impact has gone much further, causing major disruptions

Finding free money for your social impact startup

Some VCs have a bias against startups with an explicit positive social impact on the grounds that they have a smaller addressable market, and that the founders aren't sufficiently focused on creating

How Carl Pope helped drive a $500 million pledge to push the U.S. “Beyond Carbon” (Part 2)

Billionaire businessman and philanthropist Michael Bloomberg recently pledged to rapidly spend $500 million in a bid to push the U.S. “Beyond Carbon,” aiming to end this country’s use of coal an

Investors still don’t understand the fundamentals of US/China relations

This weekend, Presidents Donald Trump and Xi Jinping agreed to something of a détente around American tariffs on Chinese goods. Stocks across Asia swooned, for reasons that make no sense to me. Plus,

The attributes that define the increasingly critical Data-as-a-Service industry

It’s now common in tech to describe data as “the new oil or electricity” -- a fuel that will power innovation and company growth for the foreseeable future. But data is far from a novel industry

In letter to Congress, Apple sends strongest denial over ‘spy chip’ story

Apple has doubled down on its repudiation of Bloomberg’s report last week that claimed its systems had been compromised by Chinese spies. The blockbuster story cited more than a dozen sources c

Bloomberg Media Group’s chief product officer sees big opportunities in audio

Julia Beizer joined Bloomberg Media Group as its first chief product officer in January — and since then, she said, “Audio has been a big part of my world.” Specifically, Beizer’s

Subscription hell

Another week, another paywall. This time, it’s Bloomberg, which announced that it would be adding a comprehensive paywall to its news service and television channel (except TicToc, its media partner

Apple to launch a premium news subscription service, report says

More details are out this morning about Apple’s plans for Texture, the digital newsstand business it acquired last month. According to a new report from Bloomberg, Apple is planning to launch it
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