Tech Meme

Kate King / Wall Street Journal: Amazon has shrunk its Amazon Go store portfolio by ~50% since early 2023, to 16 stores in four US states, as the company stumbles in its physical retail efforts  —  The e-commerce giant is closing more of its convenience stores; ‘I don’t think they really understand retail,’ a consultant says Lees verder op Tech Meme

Bill Toulas / BleepingComputer: Spanish police arrest and raid a suspected hacker over 40 cyberattacks on critical public and private organizations, seizing 50 crypto accounts, PCs, and more  —  The Spanish police have arrested a suspected hacker in Alicante for allegedly conducting 40 cyberattacks targeting critical public … Lees verder op Tech Meme

Kate Clark / Bloomberg: US SEC filing: Sequoia’s evergreen fund has grown from $13.6B in early 2023 to $19.6B, , a signal that the firm continues to grow despite a VC funding slowdown  —  The fund’s total includes new cash commitments, shares of now-public companies that Sequoia previously backed and cash returns from mergers and acquisitions. Lees verder op Tech Meme

Ingrid Lunden / TechCrunch: Munich-based Avelios, which is developing a healthcare system covering EHR, billing, clinical records, and more, raised a €30M Series A led by Sequoia  —  The race is on to build a new generation of healthcare software to replace legacy hospital systems that in some cases may not have been updated in decades. Lees verder op Tech Meme

Mark Gurman / Bloomberg: Apple is at the center of an escalating US-China geopolitical fight spanning tariffs, regulatory probes, and a backlash due to growing anti-US rhetoric in China  —  – The iPhone is in crosshairs of 10% tariffs on Chinese imports  — China also is weighing a probe into company’s App Store fees Lees verder op Tech Meme

Canalys: Worldwide tablet shipments grew 9.2% YoY in 2024 to 147.6M units, after three consecutive years of decline; Xiaomi grew 73.1% YoY and Huawei grew 29.3% YoY  —  According to the latest data from Canalys, worldwide tablet shipments grew 5.6% year on year in Q4 2024, reaching 39.9 million units. Lees verder op Tech Meme

Stephanie Hughes / Bloomberg: Payments software company Lightspeed says it plans to continue operating as a publicly traded company and will buy back up to $400M of stock; LSPD falls 15%+  —  – Board of directors ‘unanimously’ agreed not to go private  — Shares slide 16% after company announces results of review Lees verder op Tech Meme

Cecilia D’Anastasio / Bloomberg: Roblox reports Q4 revenue up 32% YoY to $988.2M, bookings up 21% YoY to $1.36B, vs. $1.37B est., and DAUs up 19% YoY to 85.3M, vs. 88.4M est.; RBLX falls 15%+  —  – Roblox had 85.3 million daily active users in fourth quarter  — The company’s quarterly bookings reached $1.36 billion Lees verder op Tech Meme

Anton Shilov / Tom’s Hardware: In Q4 2024, AMD outsold Intel in the data center area for the first time, with revenue up 69% YoY to $3.86B, vs. Intel’s $3.4B, but analysts expected more sales  —  But sales of Instinct GPUs disappoint.  —  AMD on Tuesday announced its financial results for the fourth quarter of 2024 and for the whole year. Lees verder op Tech Meme

Brent Crane / Bloomberg: A profile of Joseph Firmage, who co-founded USWeb, which went public with a $2.5B market cap in 1997, and is now being sued by “antigravity machine” investors  —  Joseph Firmage helped create today’s digital economy.  These days, he’s being sued by antigravity-machine investors … Lees verder op Tech Meme