News

Bloomberg: Xiaomi reports Q4 revenue up 11% YoY to ~$10.2B, above ~$10.1B est., net income up 50% YoY to ~$653M, and plans to diversify its business by launching EVs  —  – Revenue and profit beat estimates in sign of market… Read More »Xiaomi reports Q4 revenue up 11% YoY to ~$10.2B, above ~$10.1B est., net income up 50% YoY to ~$653M, and plans to diversify its business by launching EVs (Bloomberg)

Bloomberg: Sources: senior DOJ officials plan to hold closed-door Senate briefings on March 19 and 20 to advance a TikTok divestiture, as opposed to an outright US ban  —  – DOJ wants senators to pass a bill forcing TikTok sale … Read More »Sources: senior DOJ officials plan to hold closed-door Senate briefings on March 19 and 20 to advance a TikTok divestiture, as opposed to an outright US ban (Bloomberg)

Richard Waters / Financial Times: On the first day of his trial, US prosecutors portray Mike Lynch as “a controlling, dominating, intimidating boss” and “driving force behind [a] massive fraud”  —  UK tech entrepreneur finally faces a US jury after… Read More »On the first day of his trial, US prosecutors portray Mike Lynch as “a controlling, dominating, intimidating boss” and “driving force behind [a] massive fraud” (Richard Waters/Financial Times)

Sean Hollister / The Verge: A look at Playtron, which raised a $10M seed to build a Linux-based, platform-agnostic gaming OS to replace Windows or SteamOS, starting with handheld consoles  —  The former CEO of Cyanogen has a plan for… Read More »A look at Playtron, which raised a $10M seed to build a Linux-based, platform-agnostic gaming OS to replace Windows or SteamOS, starting with handheld consoles (Sean Hollister/The Verge)

Shaurya Malwa / CoinDesk: Solana meme coin SLERF raised $10M in a presale, hitting $1.7B in trading volume, but the developer claims to have “burned” tokens set aside for an airdrop  —  “This is not a joke I really f****d… Read More »Solana meme coin SLERF raised $10M in a presale, hitting $1.7B in trading volume, but the developer claims to have “burned” tokens set aside for an airdrop (Shaurya Malwa/CoinDesk)

Tage Kene-Okafor / TechCrunch: Lagos-based Moove, which offers car financing to ride-hailing drivers, raised a $100M Series B led by Uber at a $750M valuation, up from $550M in August 2023  —  Moove, an African mobility fintech that offers vehicle… Read More »Lagos-based Moove, which offers car financing to ride-hailing drivers, raised a $100M Series B led by Uber at a $750M valuation, up from $550M in August 2023 (Tage Kene-Okafor/TechCrunch)

Allie Garfinkle / Fortune: Q&A with Lila Tretikov, who just joined NEA as a partner and head of AI strategy; Tretikov was previously Microsoft’s deputy CTO and Wikimedia Foundation CEO  —  “God is in the details,” reads one of Stephen… Read More »Q&A with Lila Tretikov, who just joined NEA as a partner and head of AI strategy; Tretikov was previously Microsoft’s deputy CTO and Wikimedia Foundation CEO (Allie Garfinkle/Fortune)

Just Lunning / New York Times: Hollywood actors like Megan Fox, Idris Elba, and Keanu Reeves are leaping into video games, a once stigmatized medium now seen as a unique platform for stories  —  Onscreen stars have increasingly been going… Read More »Hollywood actors like Megan Fox, Idris Elba, and Keanu Reeves are leaping into video games, a once stigmatized medium now seen as a unique platform for stories (Just Lunning/New York Times)

Dean Takahashi / VentureBeat: Unity’s 2024 Gaming Report: the number of multiplatform games up 40% since 2021, in-app advertising revenue up 26.7% YoY, 62% of studios are using AI, and more  —  Game engine maker Unity published a report today… Read More »Unity’s 2024 Gaming Report: the number of multiplatform games up 40% since 2021, in-app advertising revenue up 26.7% YoY, 62% of studios are using AI, and more (Dean Takahashi/VentureBeat)

Barry Schwartz / Search Engine Land: Google promotes Liz Reid to Head of Search and names Cheenu Venkatachary as the lead of Search quality and ranking, among other changes to its Search team  —  Cheenu Venkatachary is also replacing Pandu… Read More »Google promotes Liz Reid to Head of Search and names Cheenu Venkatachary as the lead of Search quality and ranking, among other changes to its Search team (Barry Schwartz/Search Engine Land)