A look at Do Kwon's algorithmic UST stablecoin, designed to trade at $1, after it fell as low as $0.60; CoinMarketCap says there are 18.5B UST in circulation — Algorithmic stablecoins, like their more “traditional” counterparts, are supposed to provide calm in the chaos of crypto.
Sony reports Q4 gaming revenue rose 4.9% YoY to ~$5.1B; PS5 sales were 2M, reaching 19.3M in total, around 3.1M behind the PS4 at the same point in time — Sony announced that it sold just 2 million PlayStation 5 units last quarter (Q4), bringing its overall total to 19.3 million.
Palantir reports Q1 revenue rose 31% YoY to $446M but forecasts Q2 revenue will be below estimates at $470M, a 25% YoY growth rate; stock drops 16%+ — Palantir Technologies Inc (PLTR.N) forecast second-quarter revenue below Wall Street expectations on Monday, indicating slowing sales growth …
Bitcoin falls by up to 4.6% to $32,800, its lowest level since July 2021, as investors back away from risky investments; Cardano, Polkadot, and others also drop — Bitcoin slumped to a level last seen in July 2021, part of a wider retreat in cryptocurrencies triggered by a global flight from riskier investments.
In an email to staff, Uber CEO Dara Khosrowshahi says the company will cut spending on marketing and incentives, treat hiring as a “privilege”, and more — - Uber will slash spending on marketing and incentives and treat hiring as a “privilege,” CEO Dara Khosrowshahi said in an email to staff on Sunday.
Sources: as China restricts access during the pandemic, Apple is relying more on local engineers, using live streaming and AR to help US staff monitor progress — Tech giant passes more authority to local workers, uses live streaming and augmented reality to ensure products made in China come out on time
Czech Republic-based DoDo Group, which specializes in last-mile B2B logistics tech and has 2,000 couriers in seven countries, raises a €60M Series B — Czech company DoDo Group, “specialists” in last-mile B2B logistics tech, recently announced a €60 million Series B round led by EC Investments and J&T Capital.
Egypt-based Paymob, which lets merchants accept digital payments online and in-store, raises a $50M Series B, bringing its total raised to $68.5M+ — Egyptian fintech Paymob, which enables merchants to accept digital payments online and in-store, announced today it has raised $50 million in Series B funding.
South Korean startup Bucketplace, known for its home decorating app Ohouse, raises a $182M Series D, sources say at a post-money valuation of around $1.4B — During the worst days of the pandemic, when people were stuck at home and starving for some form of entertainment beyond streaming …
After halting Android app and subscription purchases in Russia over sanctions, Google Play now also blocks “downloading of paid apps and updates to paid apps” — Google is now blocking Russian users and developers from downloading or updating paid applications from the Google Play Store starting Thursday due to sanctions.
The Information : Sources: after five Thinking Machines staff left, investors are rattled, potentially impacting fundraising; two researc...
