Nvidia’s controversial acquisition of chip designer Arm Technologies hit its most serious hurdle, with the Federal Trade Commission suing on Thursday to block the deal. The case is a rare challenge to a vertical merger, or a deal between two companies that don’t directly compete, and the first merger lawsuit brought by the FTC under its new chair Lina Khan. The lawsuit is the latest signal from...
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The Briefing Venture Capital Startups
Startups in Sequoia’s ‘Crucible Moment’; Musk Pledges More Funding for Twitter
As we reported last night, Sequoia Capital has once again taken on the role of Silicon Valley soothsayer, releasing a 52-slide presentation on advice to startups, which it says face a “crucible moment” as the economy slows and central banks retract the monetary stimulus that kicked off the boom two years ago. In particular, the partners at Sequoia told founders to rethink how they consider...
Chinese Ride-Hailing App T3 Seeks $750 Million as Didi Global Struggles
Musk Scraps Margin Loan, Committing Another $6 billion in Equity for Twitter Deal
Twitter to Pay $150 Million to Settle FTC Privacy Case
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Coinbase Slashes Costs, Freezes Hiring Amid Crypto Crash
Cryptocurrency trading firm Coinbase, whose revenue has shrunk amid a downturn in the sector, is pausing new business projects, freezing hiring for two weeks and aiming to slash its cloud spending on Amazon Web Services, among other cost-cutting measures, according to a pair of internal emails sent to employees this week and viewed by The Information.
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