Content deals offer only a short-term revenue boost for media outlets.
rumored 1 article 2024-12-23
content deals media outlets
AI platforms are unlikely to become a major source of traffic or ad revenue for media outlets, with content deals offering only a short-term revenue boost
On my Om · 2024-12-23 · #4
A Linux Foundation survey of 501 organizations estimates organizations contribute $7.7B annually to open source software.
confirmed 1 article 2024-12-23
The Linux Foundation open source software $7.7B annually
A survey of 501 organizations globally estimates organizations contribute $7.7B annually to open source software and 86% of contribution value is employee labor
The Linux Foundation · 2024-12-23 · #22
Telegram is expected to end 2024 with $500M in cash.
confirmed 1 article 2024-12-23
Telegram $500M (end of 2024)
In a first, Telegram is set to be profitable in 2024, with $1B+ in revenue, up from ~$350M in 2023, and ending 2024 with $500M in cash, as it grapples with debt
New York Times · 2024-12-23 · #3
Telegram is grappling with billions in debt.
confirmed 1 article 2024-12-23
Telegram billions in debt
In a first, Telegram is set to be profitable in 2024, with $1B+ in revenue, up from ~$350M in 2023, and ending 2024 with $500M in cash, as it grapples with debt
New York Times · 2024-12-23 · #3
X raises US Premium+ price by 37.5% to $22 per month, effective December 21.
confirmed 1 article 2024-12-23
X Premium+ United States
X raises US Premium+ prices by 37.5% to $22 per month, starting on December 21, and EU prices from €16 to €21 per month; the basic subscription still costs $3
TechCrunch · 2024-12-23 · #6
AI platforms are unlikely to become a major source of traffic or ad revenue for media outlets.
rumored 1 article 2024-12-23
AI platforms media outlets
AI platforms are unlikely to become a major source of traffic or ad revenue for media outlets, with content deals offering only a short-term revenue boost
On my Om · 2024-12-23 · #4
X's basic subscription remains $3 per month.
confirmed 1 article 2024-12-23
X basic subscription
X raises US Premium+ prices by 37.5% to $22 per month, starting on December 21, and EU prices from €16 to €21 per month; the basic subscription still costs $3
TechCrunch · 2024-12-23 · #6
Telegram is set to be profitable for the first time in 2024.
confirmed 1 article 2024-12-23
Telegram profitable in 2024
In a first, Telegram is set to be profitable in 2024, with $1B+ in revenue, up from ~$350M in 2023, and ending 2024 with $500M in cash, as it grapples with debt
New York Times · 2024-12-23 · #3
Telegram projects 2024 revenue exceeding $1B, up from about $350M in 2023.
confirmed 1 article 2024-12-23
Telegram $1B+ (2024) ~$350M (2023)
In a first, Telegram is set to be profitable in 2024, with $1B+ in revenue, up from ~$350M in 2023, and ending 2024 with $500M in cash, as it grapples with debt
New York Times · 2024-12-23 · #3
Bleak market conditions reportedly led to reduced funding and leaner operations at venture capital firms, contributing to partner departures.
rumored 1 article 2024-12-23
bleak market conditions venture capital firms
VC insiders say many partners left big firms in 2024, either quitting or being pushed out, as bleak market conditions led to less funding and leaner operations
Bloomberg · 2024-12-23 · #12
Senior Spotify executives and board members sold about $1.25B worth of Spotify stock in 2024, according to SEC filings.
confirmed 1 article 2024-12-23
Spotify senior executives Spotify board members Spotify stock
SEC filings: senior Spotify executives have sold $1.25B in stock in 2024, including CEO Daniel Ek selling ~$350M and co-founder Martin Lorentzon selling $550M+
Financial Times · 2024-12-23 · #13
Spotify co-founders Daniel Ek and Martin Lorentzon realized roughly $900M in gains this year from stock sales.
confirmed 1 article 2024-12-23
Daniel Ek Martin Lorentzon Spotify stock
SEC filings: senior Spotify executives have sold $1.25B in stock in 2024, including CEO Daniel Ek selling ~$350M and co-founder Martin Lorentzon selling $550M+
Financial Times · 2024-12-23 · #13
Spotify CEO Daniel Ek sold approximately $350M of Spotify stock in 2024.
confirmed 1 article 2024-12-23
Daniel Ek Spotify stock
SEC filings: senior Spotify executives have sold $1.25B in stock in 2024, including CEO Daniel Ek selling ~$350M and co-founder Martin Lorentzon selling $550M+
Financial Times · 2024-12-23 · #13
Spotify co-founder Martin Lorentzon sold more than $550M of Spotify stock in 2024.
confirmed 1 article 2024-12-23
Martin Lorentzon Spotify stock
SEC filings: senior Spotify executives have sold $1.25B in stock in 2024, including CEO Daniel Ek selling ~$350M and co-founder Martin Lorentzon selling $550M+
Financial Times · 2024-12-23 · #13
Dealogic reports tech-sector M&A accounted for the largest share of total global M&A activity, which totaled $3.45 trillion in 2024.
confirmed 2 articles 2024-12-21 — 2024-12-22
Dealogic tech sector global M&A total $3.45T
Dealogic data: the global M&A activity in the tech sector in 2024 jumped 20%+ YoY to $534B, accounting for the largest share of the total $3.45T in M&A activity
Reuters · 2024-12-21 · #22
Dealogic reports global M&A activity in the tech sector rose over 20% year‑on‑year in 2024 to $534 billion.
confirmed 2 articles 2024-12-21 — 2024-12-22
Dealogic tech sector
Dealogic data: the global M&A activity in the tech sector in 2024 jumped 20%+ YoY to $534B, accounting for the largest share of the total $3.45T in M&A activity
Reuters · 2024-12-21 · #22
The US awards a $4.75B CHIPS Act grant to Samsung to support a new factory in Texas as part of the program's largest grants.
confirmed 1 article 2024-12-22
United States Samsung
The US awards a $4.75B CHIPS Act grant to Samsung and $1.6B to Texas Instruments for new factories in Texas and Utah, rounding out the program's largest grants
Bloomberg · 2024-12-22 · #5
OpenAI reports strong o3 results across multiple technical benchmarks (examples reported: Frontier Math ~25.2%, SWE-Bench ~71.7%, Codeforces ELO ~2727, GPQA/PhD-level science ~96.7%, AIME/competition math very high).
confirmed 1 article 2024-12-22
o3 Frontier Math SWE-Bench Codeforces GPQA AIME/Competition Math
OpenAI unveils o3 and o3-mini, trained to “think” before responding via what OpenAI calls a “private chain of thought”, and plans to launch them in early 2025
TechCrunch · 2024-12-22 · #27
The US awards a $1.6B CHIPS Act grant to Texas Instruments to support a new factory in Utah as part of the program's largest grants.
confirmed 1 article 2024-12-22
United States Texas Instruments
The US awards a $4.75B CHIPS Act grant to Samsung and $1.6B to Texas Instruments for new factories in Texas and Utah, rounding out the program's largest grants
Bloomberg · 2024-12-22 · #5
Sensor Tower / BofA analysis indicates Zepto surpassed rival Blinkit in monthly active users for the first time as of Nov 2024.
confirmed 1 article 2024-12-22
Zepto Blinkit
Sensor Tower: Indian quick commerce startup Zepto had 31M MAUs in Nov. 2024, up from 6M in May 2022; Blinkit had 30M MAUs in Nov. 2024, up from 28M in May 2022
India Dispatch · 2024-12-22 · #22
Sensor Tower reports Blinkit had 30M monthly active users in Nov 2024, up from 28M in May 2022.
confirmed 1 article 2024-12-22
Blinkit 30M (Nov 2024) 28M (May 2022)
Sensor Tower: Indian quick commerce startup Zepto had 31M MAUs in Nov. 2024, up from 6M in May 2022; Blinkit had 30M MAUs in Nov. 2024, up from 28M in May 2022
India Dispatch · 2024-12-22 · #22
Tether says it is on track to record a $10 billion net profit in 2024.
confirmed 1 article 2024-12-22
Tether $10B net profit 2024
Tether says it is on track for a record $10B net profit in 2024 and expects to invest $2.5B to $3B in 2025 across AI, finance, biotech, education, and mining
Axios · 2024-12-22 · #19
Tesla stock was down 2% before the election.
confirmed 1 article 2024-12-22
Tesla
Tesla's shares are up 73% since Election Day, as several analysts see the Trump administration easing rules for self-driving tech, benefiting Tesla's ambitions
Bloomberg · 2024-12-22 · #10
Tether expects to invest $2.5 billion to $3 billion in 2025 across AI, finance, biotech, education, and mining.
confirmed 1 article 2024-12-22
Tether $2.5B-$3B 2025 AI finance biotech education mining
Tether says it is on track for a record $10B net profit in 2024 and expects to invest $2.5B to $3B in 2025 across AI, finance, biotech, education, and mining
Axios · 2024-12-22 · #19
Crypto strategies made more than 30% in November following Donald Trump's election victory.
confirmed 1 article 2024-12-22
crypto strategies Donald Trump
Report: hedge funds employing crypto strategies posted 46% gains in November, bringing their YTD returns to 76%, outpacing the industry average of 10% YTD gains
Financial Times · 2024-12-22 · #14
A report projects India's online food delivery market will reach $15B by March 2029.
rumored 1 article 2024-12-22
Online food delivery market in India
A look at India's quick food delivery market as Swiggy and Zomato enter the sector; report: online food delivery market in India to reach $15B by March 2029
Bloomberg · 2024-12-22 · #13
Hedge funds using crypto strategies posted 46% gains in November, bringing their year-to-date returns to 76%.
confirmed 1 article 2024-12-22
hedge funds employing crypto strategies
Report: hedge funds employing crypto strategies posted 46% gains in November, bringing their YTD returns to 76%, outpacing the industry average of 10% YTD gains
Financial Times · 2024-12-22 · #14
These hedge funds' 76% YTD returns outpaced the industry average of 10% YTD gains.
confirmed 1 article 2024-12-22
hedge funds employing crypto strategies industry average
Report: hedge funds employing crypto strategies posted 46% gains in November, bringing their YTD returns to 76%, outpacing the industry average of 10% YTD gains
Financial Times · 2024-12-22 · #14
Britannica is reportedly weighing an initial public offering at around a $1 billion valuation.
rumored 1 article 2024-12-22
Britannica $1B valuation
How Britannica survived the Wikipedia era by changing itself into a maker of education software and AI agents, as it reportedly weighs an IPO at a $1B valuation
New York Times · 2024-12-22 · #11
Preqin reports the whole Asia-Pacific region's AI startups raised roughly $20B across 1,845 deals in 2024.
confirmed 1 article 2024-12-22
Preqin Asia-Pacific AI startups
Preqin data: Southeast Asia's AI startups raised just $1.7B across 122 deals so far in 2024, out of ~$20B across 1,845 deals for the whole Asia-Pacific region
Bloomberg · 2024-12-22 · #9