Bloomberg Technology
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News on the global tech industry Watch Bloomberg Tech weekdays on Bloomberg TV at 11 am ET Podcast: https://t.co/8kX0blvfVk Newsletter: https://t.co/CRIkTrOEKi
San Francisco
Joined February 2009
The mogul behind Korea's BTS - the world's most tweeted about celebrities - is considering an IPO
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Many Amazon warehouse employees struggle to pay the bills. More than 4,000 are on food stamps. Some are even homeless .
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Elon Musk: Computers are much smarter than humans on so many dimensions. Jack Ma: Computers may be clever, but human beings are much smarter. We invented the computer—I've never seen a computer invent a human being. 🤖
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Meet one of the board members of Jay-Z’s and Jack Dorsey’s blind Bitcoin trust: Recursive Capital CEO Abubakar Nur Khalil in Nigeria. He tells @sonalibasak how he envisions web3 in Africa
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He may be the world's biggest Bitcoin bull. Microstrategy's Michael Saylor has bought the Bitcoin "dip." But what if it's not just a dip? . He lays out his plan to @emilychangtv
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Spotify plans to restore XXXTentacion music after outcry
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Rep. Katie Porter challenges Mark Zuckerberg to work as a content moderator and view the same violent, disturbing videos Facebook contractors do
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[THREAD] Tesla’s original California factory has achieved a brag-worthy title: the most productive auto plant in North America. And Elon Musk is just getting started ↓
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THREAD: The world’s richest man (Elon Musk) appears to have had it with this whole working-from-home business. He’s asked for execs to be in the office at least 40 hours a week or “pretend to work somewhere else”
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Jaylen Brown is one of the NBA's biggest stars. And at 21, the Boston Celtics player is already thinking beyond his time on the court
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China's Bitcoin crackdown will be a "trillion-dollar mistake.". MicroStrategy CEO Michael Saylor talks to @emilychangtv
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This current crypto winter doesn't have Michael Saylor feeling all that cold. He tells @emilychangtv why in Studio 1.0
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Robinhood just launched crypto wallets - and CPO Aparna Chennapragada says 2 million people are already on the wait list. She tells @emilychangtv what to expect. #SHIB?
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① There will be a female protagonist for the first time in the series' history. The woman is Latina and will be one of a pair of leading characters in a story influenced by the bank robbers Bonnie and Clyde
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Spanish Prime Minister Pedro Sanchez is visiting Silicon Valley in a move to build out Spain's tech ecosystem. He joins @emilychangtv after meeting with Apple CEO Tim Cook and other big tech leaders
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WATCH: Apple CEO Tim Cook opens the doors of India's first Apple Store, in Mumbai's BKC business district. Years in the works, Apple was finally allowed to launch outlets in India after meeting regulators’ demands
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Fireworks, the world's best athletes and @weareoneexo: Here's what happened at the #PyeongChang2018 closing ceremony via @tictoc
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Elon Musk is now the richest person on the planet .
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After the Chinese crypto crackdown, the U.S. saw that "Bitcoin is digital property and part of the Western technology stack” just like Google, Amazon, Facebook and Microsoft, says Microstrategy CEO Michael Saylor. He speaks with @emilychangtv
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"I personally think Bitcoin is worthless.". JPMorgan's Jamie Dimon says during the IIF annual membership meeting
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The mogul behind Korea's BTS - the world's most tweeted about celebrities - is considering an IPO
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NEW: Apple is planning a series of new Mac processors for as early as 2021 that are aimed at outperforming Intel's fastest. The move could accelerate a shakeup in an industry that has long been dependent on Intel’s pace of innovation.
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🚨 You will be able to play as a female character in the upcoming Grand Theft Auto VI 🚨. And 3 other things we know about the much-anticipated game via @jasonschreier, a thread ↓
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Amazon has hired more than 250,000 people to keep up with surging demand from home-bound shoppers. Risking infection while in a crowded warehouse for $15 an hour has many workers asking if they’re getting shortchanged.
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“Mr. Dorsey, who the hell elected you?” Ted Cruz says. “We realize we need to earn trust more. We realize more accountability is needed," Jack Dorsey responds. Twitter shares taking a hit after that round of questioning 📉.
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Amazon opens U.S. warehouses at the rate of about one a day. It’s transforming the logistics industry from a career destination with the promise of middle-class wages into entry-level work.
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Jeff Bezos, whose wealth grew about 65% this year as his company posted record sales and profits, has so far managed to keep unions out of his U.S. operations. Now that’s being challenged.
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In an email, Musk wrote that “anyone who wishes to do remote work must be in the office for a minimum (and I mean *minimum*) of 40 hours per week or depart Tesla. This is less than we ask of factory workers”
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One Bitcoin transaction equals 75 gallons of gasoline being burned, says Ripple CEO Brad Garlinghouse to @emilychangtv about the impact of Bitcoin mining on the environment
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WHO says there are 70 coronavirus vaccines in development globally. But we still have a long way to go.
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BREAKING: The FTC voted to sue to block Microsoft’s $69 billion acquisition of Activision, saying the tie-up between the Xbox maker and game publisher would harm competition
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Ethereum inventor Vitalik Buterin says he's skeptical of Jack Dorsey's DeFi plans and Mark Zuckerberg's metaverse on Studio 1.0 with @emilychangtv
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Investors have poured $120 million into this juicer startup. There's just one tiny problem
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Tesla pitches a big rig with a 500-mile range after stumbling debut of the Model 3
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Twitter CEO Jack Dorsey and Google have come out in support of Nigerians protesting a controversial police unit
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SCOOP: Apple is pushing to speed up development of an electric vehicle under new management, seeking to launch a full self-driving car as early as 2025
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OpenSea transactions have soared from $8 million in January to $2.3b so far in August. CEO Devin Finzer tells @emilychangtv how and why the "Amazon for NFTs" is exploding
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The reference to Tesla factory workers is also interesting in light of the situation at the carmaker’s plant in Shanghai. Thousands of staff there have been effectively locked in for months, working 12-hour shifts, six days a week
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Among economists, there’s a debate about whether the company is creating a kind of monopsony. A Bloomberg analysis of government labor statistics reveals that in community after community where Amazon sets up shop, warehouse wages tend to fall .
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Sony CEO Kaz Hirai discusses the company's strategy beyond Playstation and its future in robotics
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"I want to challenge every aspect of this story:" tech investor David Sacks thinks Facebook isn't the bad guy. He tells @emilychangtv why
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Founder and CEO of ARK Investment Cathie Wood on Elon Musk: “He is our Renaissance man.”. After a year of selling down her Tesla stake, Cathie Wood is back buying shares of the EV maker
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Things are getting weird on the stock market. Tiny stocks like GameStop, Tootsie Roll and AMC are surging. Here’s what’s going on and why.
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Tesla’s Model 3 rockets to the No. 2 spot in European monthly car sales, narrowly beaten only by VW's perennially popular Golf
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EFishery, one of Indonesia’s most prominent startups, may have inflated its revenue and profit over several years, according to an internal investigation triggered by a whistleblower’s claim about the company’s accounting
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EXCLUSIVE: Apple is in talks to build Google’s Gemini AI engine into the iPhone in a potential blockbuster deal
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[THREAD] Microsoft is buying Activision Blizzard in a $68.7 billion all-cash acquisition. It’s the software maker’s biggest deal ever, almost three times as large as the 2016 purchase of LinkedIn. Here are five key reasons why it happened
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Independent developers took to Twitter to complain about unfair treatment they get from Sony in the PlayStation store.
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A Swedish firm that supplies technology to extract data from mobile phones pulls its business from Hong Kong
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BREAKING: Apple's first headset will focus on virtual reality, include powerful processors, and is designed as a niche precursor to eventual augmented reality glasses
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Adobe is planning to launch the full version of Photoshop for the iPad as part of a new strategy
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BREAKING: Amazon warehouse workers in New York have won a historic vote to join a new upstart labor union
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Once Tesla flips the switch on two new factories, what comes next?. Full story:
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The legendary inventor of the PlayStation gaming console is taking on one of the hardest jobs in robotics. And he’s doing it for free
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Tesla's semi truck:.-500-mile range.-shatter-proof windshield.-15-inch screens for navigation.-semi-autonomous features.
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UPDATE: Musk sent a second email titled: "To be super clear." . It said: "If you don’t show up, we will assume you have resigned.". Bloomberg News confirmed that current Tesla employees received the email Wednesday morning
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Should Microsoft be allowed to buy Activision?.
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Here's something else we learned: If you hit the "like" button with tweets tagged #AppleEvent . something happens.
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Google's new quantum computer can solve in five minutes a problem that would take supercomputers around 10,000,000,000,000,000,000,000,000 years
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EXCLUSIVE: Arm is canceling a license that allowed longtime partner Qualcomm to use Arm intellectual property to design chips, escalating a legal dispute over vital smartphone technology
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Shiba Inu or Dogecoin?. “I have no opinions about one dog coin vs. another dog coin: I stay in my lane!” Microstrategy CEO Michael Saylor tells @emilychangtv
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Ready to go in the wayback machine? Microsoft Gaming CEO Phil Spencer was manning a computer store's Bulletin Board Service in the 80s and cruising in a Ford Pinto. More on his journey from Microsoft intern to gaming CEO on Studio 1.0 with @emilychangtv
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"I realized tech is this thing that can bring people out of whatever situation they're in and often into prosperity. And that's what I want for everyone.". @ycombinator’s @garrytan tells @emilychangtv how tech changed his family's life. Watch here:
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Diversity shouldn't "override" merit in hiring decisions, says Snowflake CEO Frank Slootman. And he tells @emilychangtv other CEOs agree with this privately, despite what they may say publicly
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China threatens Germany with retaliation if Huawei 5G is banned
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Bill Gates is not bullish on Bitcoin: "If you have less money than Elon, you should probably watch out," he tells @emilychangtv
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A French entrepreneur has designed a plane with detachable wings that turns into a train - and he's pitching it to Boeing
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NEW: Donald Trump will no longer be able to tweet .
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Here are some of former presidential candidate Andrew Yang's biggest takeaways from today's tech antitrust hearing
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After 20 years of trial and error, Amazon has turned its fulfillment centers into finely tuned assembly lines, often grueling workplaces. Workers receive about one day of training and are put on the line to see if they have what it takes.
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Google Ventures backs OnePlus co-founder’s ‘Nothing’ company -- and it's making headphones, smart devices and more. @NateLanxon has the scoop:
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Other companies being targeted: .📈 Tootsie Roll shares soared 53%.📈 BlackBerry’s shares gained 13.9%.📈 The remnants of Blockbusters penny stock surged 774%.
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While Amazon’s arrival coincides with rising pay in some southern and low-wage precincts, the opposite is true in wealthier parts of the country, including the northeast and Midwest .
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② The game’s release is likely two years away. Industry analysts anticipate that the next Grand Theft Auto will be out sometime in Take-Two’s 2024 fiscal year, which runs from April 2023 through March 2024, but developers are skeptical
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We interviewed 42 employees in 20 states. Some enjoy the work and say news reports of warehouse travails can be overblown. But most say there’s little opportunity to move up in an environment where a handful of people per shift oversee an entire facility.
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“This space is still super early, that’s why you’re going to see volatility,” says DFINITY founder Dominic Williams. He gives @taylorriggs his take on where crypto is headed and how to get to a fully decentralized, blockchain-powered metaverse
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YH Entertainment Group, a Chinese artist management company most famous for its star Wang Yibo, is planning to start taking retail investor orders for its Hong Kong IPO as soon as Wednesday, sources say
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Philadelphia-based biotech firm Inovio, with a $9 million grant, joins the race to create a coronavirus vaccine
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Last year Tesla’s factory in Fremont, California, produced an average of 8,550 cars a week. That’s more than Toyota’s juggernaut in Georgetown, Kentucky (8,427 cars a week) and BMW’s Spartanburg hub in South Carolina (8,343) . Click through the chart:
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China threatens Germany with retaliation if Huawei 5G is banned
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For all its rapid growth and dominance in electric vehicles, Tesla is still just the 10th biggest auto manufacturer in North America. The new plant in Austin should change that. Here it is in progress ↓
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Ripple CEO Brad Garlinghouse talks to @emilychangtv about the firm's lawsuit against YouTube for failing to deal with imposter scams during -- and before -- the COVID-19 crisis
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While Musk didn’t directly address whether the email is authentic, he strongly suggested it is with this ⤵️
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Shots fired from Garry Tan on Ethereum vs Bitcoin: ."Being a bitcoin maximalist is like being a commodity trader who refuses to believe there are new companies, markets out there. It's like saying VCs shouldn't exist.".
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Many European banks actually store their sensitive data on U.S. cloud servers
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Frances Haugen, a former product manager at Facebook, testified before a Senate panel describing research she says shows the company is "morally bankrupt.". Take a listen
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Will Hayes, the head of Lucidworks, would oftentimes have investors overlook him for his deputy when they first meet. It’s strange because they don’t look alike. Also, Hayes is Black, and his deputy is White.
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BREAKING: Tesla invests $1.5 billion in Bitcoin and expects to start accepting the cryptocurrency as payment
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Some world leaders have cited different possibilities. Hydroxychloroquine, the malaria drug that Donald Trump has praised, hasn’t helped patients clear the coronavirus and was much more likely to cause side effects .
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Would Coinbase consider buying FTX US? Coinbase CEO Brian Armstrong tells @emilychangtv it "would not make sense"
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Former Google CEO Eric Schmidt says social media becoming "amplifiers for idiots and crazy people is not what we intended"
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Tesla’s more recent factories were designed with more intention. See how their new factory in Austin, Texas compares to other big hubs
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Microsoft CEO Satya Nadella weighs in on the company's $7.5 billion GitHub purchase. Watch the whole interview ▶️
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favorite screenshots from facebook connect without context: a thread
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During the pandemic there’s been a rise of small scale traders using apps like Robinhood to get into the market. Now, some retail traders are organizing in forums like Reddit’s WallStreetBets, and their activities are changing how markets work.
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NEW: Fortnite-creator Epic Games said it acquired Tonic Games, the maker of Fall Guys, an online video game that was one of the breakout hits of the coronavirus pandemic .
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JUST IN: Pricey parts have pushed the cost of Sony's PlayStation 5 to around $450 per unit, forcing a difficult price-setting decision, sources say
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④ The new map is a fictionalized Miami but will update over time. Rockstar’s plan is to continually update the game, adding new missions and cities on a regular basis, which leadership hopes will lead to less crunch during the game’s final months
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Why tech investor David Sacks says he’s supporting Chamath Palihapitya for CA Governor. Gov. Newsom is “totally beholden to special interests”
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