Israel sets aside $100M to shield its tech startups from the fallout of its war with Hamas.
confirmed 1 article 2024-01-03
Israel tech startups
Israel, which has so far set aside $100M to shield its tech startups from the fallout from its war with Hamas, calls upon private investors to help the sector
Financial Times · 2024-01-03 · #26
Saylor remains optimistic about MicroStrategy's prospects.
confirmed 1 article 2024-01-03
Michael Saylor MicroStrategy
SEC filing: MicroStrategy Executive Chairman Michael Saylor begins selling $216M worth of shares; Saylor remains “optimistic about MicroStrategy's prospects”
CoinDesk · 2024-01-03 · #6
Multiple sources (Antenna, WSJ, PYMNTS and others) indicate streaming services are facing rising customer churn and cancellations driven by subscription overload and price increases.
confirmed 1 article 2024-01-03
streaming services
Antenna: 6.3% of US customers cancelled major streaming services in November 2023, up from 5.1% YoY; 24% canceled three or more services over the past two years
Wall Street Journal · 2024-01-03 · #28
PYMNTS reports 25% of streaming customers are canceling multiple subscriptions.
confirmed 1 article 2024-01-03
PYMNTS.com streaming customers multiple subscriptions
Antenna: 6.3% of US customers cancelled major streaming services in November 2023, up from 5.1% YoY; 24% canceled three or more services over the past two years
Wall Street Journal · 2024-01-03 · #28
Antenna reports 24% of US customers cancelled three or more streaming services over the past two years.
confirmed 1 article 2024-01-03
Antenna US customers three or more services
Antenna: 6.3% of US customers cancelled major streaming services in November 2023, up from 5.1% YoY; 24% canceled three or more services over the past two years
Wall Street Journal · 2024-01-03 · #28
Antenna reports 6.3% of US customers cancelled major streaming services in November 2023, up from 5.1% year-over-year.
confirmed 1 article 2024-01-03
Antenna US customers major streaming services
Antenna: 6.3% of US customers cancelled major streaming services in November 2023, up from 5.1% YoY; 24% canceled three or more services over the past two years
Wall Street Journal · 2024-01-03 · #28
Robin AI raises $26M in a Series B funding round.
confirmed 1 article 2024-01-03
Robin AI $26M
London-based Robin AI, which develops a free Microsoft Word add-in for creating and reviewing legal contracts using Anthropic's Claude, raised a $26M Series B
SiliconANGLE · 2024-01-03 · #27
Israel calls upon private investors to help and support its tech startups affected by the war with Hamas.
confirmed 1 article 2024-01-03
Israel private investors tech startups
Israel, which has so far set aside $100M to shield its tech startups from the fallout from its war with Hamas, calls upon private investors to help the sector
Financial Times · 2024-01-03 · #26
Shein and Temu act as a lifeline for Chinese exporters and suppliers through their shopping apps, offering sales channels.
confirmed 1 article 2024-01-03
Shein Temu Chinese exporters suppliers
A look at Shein's and Temu's Chinese supply chain: a lifeline to suppliers, but the margins are razor-thin, prices must stay low, and some drown in unsold stock
Wall Street Journal · 2024-01-03 · #10
Some Chinese suppliers end up with excess unsold stock and face financial strain as a consequence.
confirmed 1 article 2024-01-03
Chinese suppliers
A look at Shein's and Temu's Chinese supply chain: a lifeline to suppliers, but the margins are razor-thin, prices must stay low, and some drown in unsold stock
Wall Street Journal · 2024-01-03 · #10
X offers Verified Organizations Full Access at $1,000/month.
confirmed 1 article 2024-01-03
X Verified Organizations Full Access
X launches a Verified Organizations Basic tier for $200/month or $2,000/year, in addition to Full Access for $1,000/month and $50/month for each US affiliate
The Verge · 2024-01-03 · #12
X charges $50/month for each US affiliate under its Verified Organizations offering.
confirmed 1 article 2024-01-03
X US affiliate fee
X launches a Verified Organizations Basic tier for $200/month or $2,000/year, in addition to Full Access for $1,000/month and $50/month for each US affiliate
The Verge · 2024-01-03 · #12
Global premium smartphone sales are projected to grow 6% year-over-year in 2023.
confirmed 1 article 2024-01-02
global premium smartphone market 6% YoY (2023)
Fidelity estimates X's current value is approximately 28% of the $44 billion purchase price paid by Elon Musk.
confirmed 1 article 2024-01-02
X Elon Musk $44B ~28%
Filing: Fidelity marks down the value of its X stake, estimating the company is worth ~28% of the $44B that Elon Musk paid, down from 33% in May 2023
Axios · 2024-01-02 · #21
Fidelity filed that it has marked down the value of its stake in X, estimating X is worth about 28% of the $44B Elon Musk paid (down from 33% in May 2023).
confirmed 1 article 2024-01-02
Fidelity X
Filing: Fidelity marks down the value of its X stake, estimating the company is worth ~28% of the $44B that Elon Musk paid, down from 33% in May 2023
Axios · 2024-01-02 · #21
Commentators note Alibaba is paying a dividend — portrayed as a negative sign about its future growth and innovation roadmap.
confirmed 1 article 2024-01-02
Alibaba
Employees, sources, and experts describe a crisis at Alibaba, as the company struggles to chart a new course and an ambitious restructuring didn't go as planned
Financial Times · 2024-01-02 · #12
Bitcoin rises above $45,000 for the first time since April 2022 after gaining 156% in 2023 (its best yearly performance since 2020), but remains well below its $69,000 peak.
confirmed 1 article 2024-01-02
Bitcoin $45,000 156% (2023 gain) $69,000 (peak)
Bitcoin rises above $45K for the first time since April 2022, after gaining 156% in 2023, its best yearly performance since 2020, but far off its $69K peak
Reuters · 2024-01-02 · #11
Sources say Canva is nearing a deal that would let longtime employees and existing investors sell more than $1 billion of stock to new investors at about a $26 billion valuation.
rumored 1 article 2024-01-02
Canva longtime staff existing investors new investors $1B+ in stock $26B valuation
These VC firms are pushing the government to provide more funding to defense-technology startups.
confirmed 1 article 2024-01-02
venture capital firms government
Retiring generals and departing top Pentagon officials are increasingly flocking to VC firms that have pumped billions into defense tech startups like Anduril
New York Times · 2024-01-02 · #8
VC firms have pumped billions into defense-technology startups such as Anduril.
confirmed 1 article 2024-01-02
venture capital firms defense tech startups Anduril
Retiring generals and departing top Pentagon officials are increasingly flocking to VC firms that have pumped billions into defense tech startups like Anduril
New York Times · 2024-01-02 · #8
Apple generates about $85 billion per year from its services business.
confirmed 1 article 2024-01-02
Apple services business
A look at the future of Apple's $85B/year services business, as the company faces key US court cases in 2024 and prepares to allow iOS app sideloading in the EU
Financial Times · 2024-01-02 · #7
Huawei's share of the global premium smartphone market rose to 5% in 2023 from 3% in 2022.
confirmed 1 article 2024-01-02
Huawei 5% (2023) 3% (2022)
Samsung held a 17% share of the global premium smartphone market in 2023.
confirmed 1 article 2024-01-02
Samsung 17% (2023)
Apple held a 71% share of the global premium smartphone market in 2023, down from 75% in 2022.
confirmed 1 article 2024-01-02
Apple 71% (2023) 75% (2022)
The global smartphone market was about 1.2 billion units in 2023.
confirmed 1 article 2024-01-01
Smartphone market
Counterpoint: about 16M foldable phones were sold in 2023, just 1.3% of the 1.2B smartphone market, as foldables start to gain traction in the US and China
Financial Times · 2024-01-01 · #4
Australia's maturing tech sector faces a shortage of late-stage capital, constraining growth and later-stage funding for startups.
confirmed 1 article 2024-01-01
Australian tech sector late-stage capital
A look at Australia's maturing tech sector, which faces challenges like a shortage of late-stage capital and a scarcity of executives with scaling experience
TechCrunch · 2024-01-01 · #26
Some OpenAI leaders reportedly believe the company could reach $5B in annualized revenue by the end of 2024.
rumored 1 article 2024-01-01
OpenAI $5B ARR by end of 2024
Sources: OpenAI recently topped $1.6B in annualized revenue, up from $1.3B in mid-October; some OpenAI leaders believe OpenAI can reach a $5B ARR by 2024's end
The Information · 2024-01-01 · #23
Sources report OpenAI's annualized revenue rose to $1.6B, up from $1.3B in mid-October.
rumored 1 article 2024-01-01
OpenAI $1.6B ARR $1.3B ARR (mid-October)
Sources: OpenAI recently topped $1.6B in annualized revenue, up from $1.3B in mid-October; some OpenAI leaders believe OpenAI can reach a $5B ARR by 2024's end
The Information · 2024-01-01 · #23
About 16 million foldable phones were sold in 2023.
confirmed 1 article 2024-01-01
Foldable phones
Counterpoint: about 16M foldable phones were sold in 2023, just 1.3% of the 1.2B smartphone market, as foldables start to gain traction in the US and China
Financial Times · 2024-01-01 · #4
The new monetization models (e.g., selling ADAS to OEMs, building robo street cleaners) remain unproven, and companies face a make-or-break period to demonstrate viability.
confirmed 1 article 2024-01-01
Chinese robotaxi companies ADAS supply to OEMs robo street cleaners other quicker monetization approaches
Chinese robotaxi companies are shifting to less advanced but more commercially viable smart-driving solutions, as funding dries up and losses continue to mount
TechCrunch · 2024-01-01 · #22