Roblox, an app that offers games and game creation tools, filed its IPO paperwork with the SEC Thursday evening. Roblox joins Affirm, which filed yesterday, as well as Airbnb and DoorDash, which both filed within the past week. The San Mateo, California–based company reported in a securities filing it generated $488 million in revenue in 2019, up 56% from the prior year. Roblox makes money...
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Amazon’s Anthropic Deal Signals Cloud Sector Turbulence
You know the cloud industry is in upheaval when industry leader Amazon Web Services has to copy a tactic used by its smaller rivals to compete more effectively. The Amazon unit’s decision on Monday to invest up to $4 billion in AI startup Anthropic, as part of a broader deal in which AWS becomes the startup’s “primary cloud provider,” looks a lot like the type of equity-for-business deals AWS...
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