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China’s Central Bank Wants to Control Ant Group’s Data

By Juro Osawa
· · Source: The Financial Times

China’s central bank wants financial technology giant Ant Group to turn over its data to a state-controlled credit scoring company, the Financial Times reported, citing people close to the discussions. The credit scoring company would be run by former executives of the central bank, according to the FT. People’s Bank of China’s attempt to take control of data collected by Ant, whose...

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The Briefing Media/Telecom Google
Snap’s Weak Q4 Projection Signals Sharp Slowdown in Ad Market
By Martin Peers · Oct. 21, 2021 5:00 PM PDT
Snap CEO Evan Spiegel. Photo by Bloomberg.
Advertisers are hitting the brakes—hard. That’s the message today from Snap, the first of the digital ad companies to report third-quarter earnings. A combination of Apple’s ad-targeting clampdown and knock-on effects from supply shortages are expected to sharply slow fourth-quarter ad growth, Snap executives warned. It was a sobering portent for Facebook, Alphabet and all other media firms...
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Brex Said to Raise Funding at $12.3 Billion Valuation
By Laura Mandaro · Oct. 21, 2021
Intel Blames Chip Shortage for Q3 Sales Miss
By Kevin McLaughlin · Oct. 21, 2021
Snap Reports Slowdown in Revenue Growth and Projects Bigger Slowdown in Q4
By Martin Peers · Oct. 21, 2021
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Google Cloud CEO Thomas Kurian in 2019; photo by Bloomberg
Exclusive Enterprise Google
Why a Key Google Cloud Product Ended Up Generating Less Than 0.1% of Revenue
By Kevin McLaughlin and Amir Efrati
Three months after becoming CEO of Google Cloud, Thomas Kurian tried to shake up the cloud market and gain an edge on his bigger rivals, Amazon and Microsoft.
Art by Mike Sullivan
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Data Point Venture Capital
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Kyle Samani, Multicoin Capital co-founder and managing partner. Screenshot via YouTube. Art by Mike Sullivan.
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Clockwise from upper left: Brian Brooks, Catherine Coley, Venkata “Murthy” Renduchintala, Brian Boland, Kirthiga Reddy and Janice Min
Free Agents
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