CNBC: Arm opens up 10% to ~$56 in its Nasdaq debut, valuing the company at $59.9B, after pricing shares at the upper end of its expected $47 to $51 range  —  – Arm Holdings has started trading on the Nasdaq under the ticker “ARM.”  —  SoftBank CFO Yoshimitsu Goto and Arm Holdings CEO Rene Haas pose … Lees verder op Tech Meme

Washington Post: Day two of Google’s trial: Apple complained the DOJ may have violated confidentiality rules, after the DOJ said Google paid Apple $4B to $7B for search in 2020  —  Protection of trade secrets versus transparency has been a major debate between Google and activists in the case Lees verder op Tech Meme

New York Times: How Instacart CEO Fidji Simo helped find new revenue streams for the company, including via expanding its ads and software, which made $406M in H1 2023 revenue  —  As it prepares to go public next week, Instacart shows that one secret to making money as a gig economy company is to become an advertising company. Lees verder op Tech Meme

Bloomberg: Lenders allege that Indian edtech giant Byju’s hid $533M in an obscure three-year-old hedge fund that once said its main place of business was an IHOP in Miami  —  – New lender suit seeks to recover cash from Camshaft Capital  — Hedge fund was founded just three years ago, lenders say Lees verder op Tech Meme

Bloomberg: Sources: Microsoft’s proposal to unbundle Teams did not satisfy the concerns of EU antitrust regulators, who are readying a formal complaint against the company  —  Microsoft’s recent proposal to split its Teams from a broader business software package and sell it to customers separately … Lees verder op Tech Meme

Financial Times: Munich-based Helsing, which makes software for European armies, raised €209M led by General Catalyst; Saab paid €75M for a 5% stake, implying a €1.5B valuation  —  €209mn deal is latest example of sector defying VC downturn amid Ukraine war, and rising tensions between China and west Lees verder op Tech Meme