whatsapp WhatsApp Delays Controversial Privacy Update Amid Global Backlash WhatsApp pushes its disputed data-sharing policy enforcement from February 8 to May 15 after facing legal threats and user confusion. The company promises to clear up misinformation before implementing the changes.
antitrust Antitrust Scrutiny Reshapes Tech Valuations Amid Frenzied IPO Market Federal regulators are aggressively blocking major acquisitions like Visa and Plaid's $5.3 billion deal, signaling a new era of antitrust enforcement that impacts tech valuations. Meanwhile, companies like Affirm and Poshmark experience massive first-day pops in a highly active IPO market.
c3.ai C3.ai Targets Over $3 Billion Valuation Despite Stalling Revenue Growth Enterprise AI company C3.ai sets an initial IPO price range of $31 to $34 per share, targeting a valuation over $3 billion. This ambitious pricing occurs despite the company reporting nearly flat revenue growth in recent quarters.
china China Halts Ant Group's $35 Billion IPO Over Lending Regulations Chinese regulators suspend Ant Group's massive initial public offering due to impending changes in internet micro-lending rules. Analysts warn the company's current valuation does not reflect the upcoming stricter financial environment.
ipo Five Tech Unicorns Cap Off Record 2020 IPO Wave Airbnb, Affirm, C3.ai, Roblox, and Wish officially file for IPOs to close out a historic year for public offerings. The wave signals a broader shift in how tech companies approach going public.
airbnb Airbnb Files for Long-Awaited IPO Despite 32% Revenue Drop Airbnb officially files for its initial public offering, revealing a 32% year-to-date revenue decline due to the coronavirus pandemic. The company awaits a new IPO date after postponing its initial launch.
ant group China Halts Ant Group's Record IPO Amid Regulatory Pushback Chinese regulators suspend Ant Group's massive $35 billion initial public offering just days after founder Jack Ma publicly criticizes the government's economic policies. The sudden halt signals a tough new regulatory environment for tech giants operating in the country.
palantir Palantir Posts 52% Revenue Growth in First Post-IPO Earnings Report Palantir reports better-than-expected revenue for its third quarter but faces an operating loss due to stock-based compensation. The data analytics firm also raises its full-year revenue guidance as customer concentration decreases.
alibaba Alibaba's Singles Day Sales Hit $75 Billion Despite Ant Group IPO Turmoil Alibaba breaks its own Singles Day record with $75 billion in sales, showcasing China's consumer recovery amid the pandemic. The shopping event unfolds alongside heavy regulatory scrutiny that halts the massive Ant Group IPO.
ant group Chinese Regulators Halt Ant Group's Record-Breaking IPO Beijing regulators suspend Ant Group's massive stock market debut just days before trading begins, following critical remarks by founder Jack Ma.
ant group Chinese Regulators Halt Ant Group's Record-Breaking $37 Billion IPO Chinese regulators abruptly suspend Ant Group's massive $37 billion initial public offering just days before its scheduled launch. The sudden halt follows a public regulatory rebuke of company founder Jack Ma.
ant group Chinese Regulators Suspend Ant Group's Record $34.5 Billion IPO Ant Group's massive dual-listing in Shanghai and Hong Kong comes to a sudden halt after Chinese regulators summon company executives. The suspension follows significant changes in the financial technology regulatory environment.
aeva Lidar Startup Aeva Joins SPAC Trend With $2.1 Billion Deal Aeva, a lidar startup founded by former Apple engineers, goes public via a $2.1 billion SPAC merger. The company distinguishes itself with unique 4D lidar technology that measures both distance and instant velocity.
wall street Wall Street's Tech Fever Breaks as Major Stocks Suffer Weekly Decline After months of public market valuations outpacing private investor expectations, a major selloff hits big tech and SaaS stocks. This sudden shift potentially threatens the high startup valuations that venture capitalists recently feel forced to accept.
facebook Facebook Debuts Mobile-Only Cloud Gaming Amid Ongoing Apple Feud Facebook launches a mobile-focused cloud gaming service on web and Android, intentionally skipping iOS due to restrictive App Store policies. Meanwhile, Ant Group prepares for a record-breaking IPO and Pinterest capitalizes on iOS 14 widget popularity.