21B

Technology

Silicon Valley Bank has launched a $2.25B share sale after a ~$1.8B loss on its ~$21B portfolio of Treasuries and mortgage-backed securities; SIVB is down 50%+ (Financial Times)

[ad_1] Financial Times: Silicon Valley Bank has launched a $2.25B share sale after a ~$1.8B loss on its ~$21B portfolio…

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Entertainment

“Public Service Networks Spend $21B A Year”: European Broadcasting Union Hits Back At Netflix Claim

[ad_1] EXCLUSIVE: The European Broadcasting Union (EBU) has responded to Reed Hastings’ claim Netflix is the “biggest builder” of cross-country…

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Technology

GlobalFoundries reports record Q4 revenue up 14% YoY to $2.1B, net income of $668M, up 99% YoY, and FY 2022 revenue of $8.1B, up 23% YoY (Dan O'Shea/Fierce Electronics)

[ad_1] Dan O’Shea / Fierce Electronics: GlobalFoundries reports record Q4 revenue up 14% YoY to $2.1B, net income of $668M,…

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Technology

Binance CEO Changpeng Zhao plans to sell the remaining FTT tokens taken on from exiting FTX's Alameda in 2021; Binance received ~$2.1B from the previous sale (CoinDesk)

[ad_1] CoinDesk: Binance CEO Changpeng Zhao plans to sell the remaining FTT tokens taken on from exiting FTX’s Alameda in…

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Technology

An interview with eBay CEO Jamie Iannone on eBay's strategy to focus on the second-hand luxury market, as its market value has fallen from $53B in 2021 to $21B (Dave Lee/Financial Times)

[ad_1] Dave Lee / Financial Times: An interview with eBay CEO Jamie Iannone on eBay’s strategy to focus on the…

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Technology

Sources: crypto derivatives exchange Deribit raised ~$40M from existing investors at a $400M valuation; source: it raised $100M in 2021 at a $2.1B valuation (Yogita Khatri/The Block)

[ad_1] Yogita Khatri / The Block: Sources: crypto derivatives exchange Deribit raised ~$40M from existing investors at a $400M valuation;…

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Technology

Thiel-backed conservative video platform Rumble is up 37% after going public via SPAC merger at a $2.1B valuation, raising $400M (Lizette Chapman/Bloomberg)

[ad_1] Lizette Chapman / Bloomberg: Thiel-backed conservative video platform Rumble is up 37% after going public via SPAC merger at…

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Technology

Dating app Grindr agrees to go public via a SPAC merger at a valuation of $2.1B including debt, raising an estimated $384M for the company (Michael Tobin/Bloomberg)

[ad_1] Michael Tobin / Bloomberg: Dating app Grindr agrees to go public via a SPAC merger at a valuation of…

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Technology

Filing: Elon Musk raises $7.14B for his Twitter bid from Larry Ellison, Binance, Sequoia Capital, Fidelity, and others; Musk needs to raise $21B in equity (Financial Times)

[ad_1] Financial Times: Filing: Elon Musk raises $7.14B for his Twitter bid from Larry Ellison, Binance, Sequoia Capital, Fidelity, and…

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Technology

Analysis: Elon Musk's Twitter bid includes a risky $12.5B margin loan, secured against TSLA and potentially costing ~$1B/year, alongside $21B from Musk himself (Reuters)

[ad_1] Reuters: Analysis: Elon Musk’s Twitter bid includes a risky $12.5B margin loan, secured against TSLA and potentially costing ~$1B/year,…

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