Bloomberg

One highly anticipated 2021 initial public offering could offer shares of the company to its customers before hitting the public markets. What Happened: Robinhood is considering selling a minority of its IPO shares to its customers in a direct sale, according to Bloomberg. No decision on the number...

Apple Inc (NASDAQ: AAPL) and Hyundai Motor Company (OTC: HYMTF) are conducting early negotiations on the development of self-driving electric vehicles, Bloomberg reported Thursday. What Happened: The South Korean automaker initially confirmed through a statement that the two companies are...

The Xbox gaming console is the subject of a Bloomberg piece titled “Xbox: The oral history and an American video game empire” that explores Microsoft Corporation's (NASDAQ: MSFT) decision to get into gaming — and some failed acquisitions. What Happened: Before...

Electric vehicle startup Rivian is close to raising new funds from existing and new investors at a valuation of $25 billion, according to Bloomberg. Reportedly, the details surrounding the fundraiser haven't yet been finalized. What Happened: Rivian's current investors include industry...

Santa Clara-based Achronix Semiconductor Corp. is discussing a potential merger with special purpose acquisition company ACE Convergence Acquisition Corp (NASDAQ: ACEV), reports Bloomberg. What Happened: The blank check company has initiated talks with investors to raise capital for the...

With the U.K. entering a third nationwide lockdown and the COVID-19 pandemic raging through the rest of Europe, vaccines approved for emergency use are in high demand.  What Happened: The European Union is negotiating with Pfizer Inc. (NYSE: PFE)-BioNTech SE – ADR (NASDAQ:...

Universal Music Group Inc is planning to expand its foothold in the African continent, Bloomberg reports. French media company Vivendi SE (OTC: VIVHY) is a majority shareholder in Universal music. Chinese tech company Tencent Holdings ADR (OTC: TCEHY) ...

In an unorthodox twist, Intercontinental Exchange Inc (NYSE: ICE)-owned New York Stock Exchange is reversing its decision to delist China Mobile Ltd. (NYSE: CHL), China Telecom Corporation Limited (NYSE: CHA), and China Unicom Hong Kong Limited (...

Google workers along with their peers at other Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) units have formed a union that is open to both permanent employees and contractors, Bloomberg reported. What Happened: The Google employee union was created Monday and is a rare event by Silicon Valley...

Despite increased access to financial markets, the barriers to actionable, institutional-quality research remain high. That’s according to Eric Shoykhet, the CEO at Atom Finance, an up and coming platform that’s stealing market share from legacy solutions like S&P Capital IQ and...

Apple Inc’s (NASDAQ: AAPL) Taiwanese supplier Foxconn, trading under the name Hon Hai Precision Industry Co, Ltd Group (OTC: HNHPF) is in talks to fund Chinese electric vehicle startup Byton Ltd, reports Bloomberg. What Happened: Foxconn plans to pump $200 million in Byton with...

Pinduduo Inc (NASDAQ: PDD) is under scrutiny after an employee died after working past midnight last week, Bloomberg reported Monday. What Happened: The company faced criticism online after it disclosed the death of the employee on Monday, according to Bloomberg. A hashtag related to the incident...

After the pandemic outbreak early in the year, technology played a crucial role in keeping the global economic engine active. Online shopping, OTT platforms, remote work culture, productivity tracking, and virtual communication software were some of the key highlights of this year. However, when it...

Alibaba Group Holding Ltd (NYSE: BABA)-backed Ant Group is considering a holding company framework for its financial operations, Bloomberg reported late Monday. What Happened: The new company would be regulated similarly to a bank, which could stymy the growth of its most profitable units...