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Exclusive Startups COVID-19
After Tough Year, SPACs Tempt Bird, Lime
By Cory Weinberg · Jan. 27, 2021 6:00 AM PST
Bird and Lime scooters in downtown San Jose, Calif. Photo: Bloomberg
Dogged by questions of financial viability and then a pandemic that crippled demand for scooter rentals, Bird and Lime are taking steps to repair the damage. Bird is finalizing a deal to raise more than $100 million in convertible debt, led by existing investors Sequoia Capital and Valor Equity Partners, people familiar with the matter said. The financing comes after the scooter operator had...
Latest Briefs
 
AT&T Books $15.5 Billion Charge on DirecTV
By Jessica Toonkel · Jan. 27, 2021
ByteDance Lays Off Staff in India After Government Extends Ban
By Shai Oster · Jan. 27, 2021
China Central Bank Chief: Ant IPO Could Resume Once Problems Solved
By Juro Osawa · Jan. 26, 2021
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Clubhouse Co-Founder and CEO Paul Davison. Photo: Bloomberg
Exclusive Venture Capital Startups
Clubhouse Gets Investment Interest at $1 Billion Valuation
By Zoë Bernard, Kate Clark and Alex Heath
Update : On Sunday, Clubhouse confirmed it raised a Series B round led by Andreessen Horowitz. Read more details in our brief .
Org Charts Startups Markets
The People With Power at Robinhood
By Kate Clark
Last year, as Robinhood’s trading activity boomed and legal problems mounted, the $11.7 billion startup shook up the ranks of its senior staff.
A truck next to an Amazon delivery station in New Jersey in October. Photo by Bloomberg
Exclusive Travel E-commerce
Amazon Expands Secretive Trucking Program
By Paris Martineau
Amazon’s effort to exert control over the trucking of goods to its customers is moving quickly.
Photos by Bloomberg; Shutterstock. Illustration by Mike Sullivan
The Takeaway Policy
I Helped Uncover QAnon. Failed Prophecies Won’t Kill It
By Paris Martineau
I first stumbled upon the collective delusion we now refer to as QAnon in November 2017, just a few weeks after it began as a series of conspiratorial posts on one of the internet’s more untamed bulletin boards.
Art by Mike Sullivan.
Exclusive Asia
ByteDance’s Revenue More Than Doubled in 2020
By Juro Osawa and Yunan Zhang
You might have thought TikTok’s owner ByteDance had a tough year in 2020, what with President Trump trying to ban TikTok and India actually taking that step.
Zach Perret, CEO and co-founder of Plaid, spoke during the Silicon Slopes Tech Summit in Salt Lake City last year. Photo: Bloomberg
Exclusive Venture Capital Startups
Plaid Shareholders Field Offers at $15 Billion After Merger Collapse
By Kate Clark
Normally CEOs that opt to sell their companies aren’t happy when the government blocks the deal over antitrust concerns.