Dealroom: the UK's tech sector hit a combined $1T market valuation in 2022, doubling since 2019, compared to Germany's $467.2B and France's $307.5B — According to a report from Dealroom and the UK government, the UK has more high-growth companies than European peers includin 144 ‘unicorns’ and over 85,000 startups and scale-ups.
TikTok begins telling users why a video was recommended in the For You feed, such as previous interactions or followed accounts — TikTok is launching a new feature that allows users to see why a particular video was recommended to them in their For You feed, the company announced on Tuesday.
As US lawmakers consider adding antitrust bills to the omnibus spending package, tech trade group CCIA, Meta, Amazon, and others ramp up spending to oppose them — Industry has spent more than $100 million to fight antitrust measures and other bills in Congress — How Apple's iPhone and Apps Trap You in a Walled Garden
Auto parts maker Magna agrees to acquire a driver-assistance unit from SSW Partners for about $1.5B in cash and expects combined sales to reach $3B in 2024 — Magna International Inc. has agreed to buy a driver-assistance unit from SSW Partners for about $1.5 billion following a drawn-out battle to control previous parent Veoneer Inc.
Google settles a lawsuit with an ex-employee who said the Fellowship of Friends sect dominated a Google unit; longtime sect member Peter Lubbers leaves Google — The suit claimed that the Fellowship of Friends, an obscure group based in the Sierra Nevada foothills, gained influence inside Google.
Amazon quietly launches Prime Gaming in India, weeks after testing the service, offering Prime and Video subscribers access to mobile, PC, and Mac games — Amazon has quietly rolled out Prime Gaming, its subscription service that offers access to a number of titles, to its members in India weeks …
Mastodon CEO Eugen Rochko says the social network reached 2.5M MAUs in November, up from around 300,000 in October, as Twitter users flee the service — Mastodon, a decentralized social media platform that many are turning to as a Twitter alternative, saw its userbase skyrocket …
Sources: DCG is attempting to raise capital and avoid bankruptcy for its Genesis subsidiary in part to avert a $350M loan repayment to Todd Boehly's Eldridge — Digital Currency Group would be on the hook for outstanding loan if crypto lender goes bankrupt, say insiders
Binance.US agrees to acquire Voyager Digital's assets out of bankruptcy in a deal worth $1.022B, subject to approval at a hearing on January 5 — Binance.US will buy Voyager Digital's assets out of bankruptcy in a deal worth $1.022 billion. — Voyager selected Binance.US as the highest …
Yuga Labs names former Activision Blizzard president and COO Daniel Alegre as CEO, starting in H1 2023 and replacing Nicole Muniz; Yuga develops the BAYC NFTs — The Bored Ape parent company said Alegre's previous gaming experience will help advance the brand's Otherside metaverse and propel …
Horizon World's Notorious B.I.G. concert achieved remarkable realism with the help of VFX studio Hyperreal, but raises ethical questions about VR resurrection — An avatar of the singer, who died in 1997, performed with live rappers on Meta's Horizon Worlds. — For a moment on Friday, Biggie Smalls was the only man on stage.
Crypto.com's 2022 World Cup sponsorship, a symbol of how aggressively crypto companies spent on ads to gain users, was largely overshadowed by FTX's collapse — At Sunday's World Cup championship final between France and Argentina, Crypto.com will have a highly coveted seat right on the sideline …
Investor letter: Grayscale CEO Michael Sonnenshein details options if the Grayscale Bitcoin Trust's EFT plans fail, including a tender for outstanding shares — Michael Sonnenshein attempts to assuage fears of Grayscale Bitcoin Trust investors after collapse of FTX
The European Commission sends Meta a statement of objection for possible antitrust breaches over tying Marketplace to Facebook and imposing unfair trading terms — Meta Platforms Inc. was hit with a complaint from European Union antitrust watchdogs over concerns it's unfairly squeezing …
Binance's BNB token dropped 9% over the past month, even as bitcoin remains steady, after record outflows; BNB has jumped over 1,600% in the past three years — The native token of crypto exchange Binance Holdings Ltd. snapped a prolonged slide that was sparked in part by concerns about outflows …
Jennifer Elias / CNBC : A look at Google's pressure-filled 2024 under Sundar Pichai, notching some AI wins with new Gemini models and...
