Ryan Browne

Lyft to buy taxi app Free Now for $200 million to expand into Europe The acquisition — Lyft's first in Europe — is expected to close in the second half of 2025.

After years of focusing on North America, Lyft is finally entering Europe with a deal to buy German-headquartered ride-hailing platform Free Now for $200m. www.cnbc.com/2025/04/16/l...

Worth noting that Uber already has a massive head start here (it first launched in London in.. 2012!!)

Google faces £5 billion lawsuit in the UK for abusing 'near-total dominance' in search A class action lawsuit filed Tuesday in the U.K. Competition Appeal Tribunal claims Google abused its position to restrict competing search engines.

Google has been hit with a major UK lawsuit accusing the tech giant of abusing its dominance in search to squeeze competition.

The class action suit is seeking potential damages north of £5 billion on behalf of hundreds of thousands of businesses.
www.cnbc.com/2025/04/16/g...

ASML shares drop 6% as orders disappoint amid tariff uncertainty ASML reported net bookings of 3.94 billion euros ($4.47 billion) for the first quarter, versus a Reuters reported forecast of 4.89 billion euros.

Known for its critical chipmaking tools, ASML is something of a bellwether for the global semiconductor industry.

Today, the company said tariffs are “creating a new uncertainty” for market demand, suggesting some disruption may be afoot for chipmakers. www.cnbc.com/2025/04/16/c...

Marshmallow, the UK insurance startup for migrants, raises $90M at a $2B+ valuation U.K. startup Marshmallow has blown up over the years by using innovations in data science to build car insurance policies for immigrants and other consumers who have been overlooked or priced out of traditional insurance. Now, with a million drivers insured and a profitable annual revenue run rate of $500 million, Marshmallow has raised a […]

Marshmallow, the UK insurance startup for migrants, raises $90M at a $2B+ valuation

Adobe takes stake in Synthesia, startup behind AI clones for corporate videos Synthesia told CNBC that Adobe's venture capital arm injected an undisclosed amount of funds into the firm in a "strategic" partnership.

Exclusive: Adobe has invested an undisclosed sum into Synthesia, in a bet that AI will transform video production. www.cnbc.com/2025/04/15/a...

Meta resorted to 'buy-or-bury scheme' with Instagram and WhatsApp deals, former FTC Chair Lina Khan says Former FTC Chair Lina Khan said Monday that Facebook's acquisitions of Instagram and WhatsApp drastically changed the social networking ecosystem.

As Meta faces off with the FTC in court today, the regulator's former chair Lina Khan says Facebook “panicked” and resorted to a "buy-or-bury scheme" when it saw Instagram and WhatsApp experience huge growth as smartphones took off: www.cnbc.com/2025/04/14/f...

With IPOs on hold even longer, tariffs spell trouble for private tech investors The venture capital industry was already under a lot of pressure prior to the multitrillion-dollar stock market rout last week.

The venture capital industry was already under pressure from a lack of big IPOs or M&A deals. Now VCs face an even tougher outlook, with tariff uncertainty and market volatility putting public listings from the likes of Klarna and StubHub on hold: www.cnbc.com/2025/04/11/t... #vc #tech #tariffs

Inside Isomorphic Labs, the secretive AI life sciences startup spun off from Google DeepMind Isomorphic Labs is the secretive AI life sciences startup spun out of Google DeepMind with the goal of solving all disease with AI-powered drug discovery.

Nice piece from @haydenfield.bsky.social on Isomorphic Labs, the secretive Google DeepMind spinoff that's trying to achieve groundbreaking drug discoveries using AI. cnbc.com/2025/04/09/i...

UK loses bid to keep Apple appeal against demand for iPhone 'backdoor' a secret Apple has triumphed over an effort from the U.K. government to keep secret details of its appeal against an order to create a "backdoor" to iPhone users' data.

The UK tried to keep details of a hearing on Apple's appeal against demands for a "backdoor" to users' encrypted info a secret.

A tribunal has dismissed that request for secrecy, saying it “would be the most fundamental interference with the principle of open justice.” www.cnbc.com/2025/04/07/u...

JPMorgan CEO Jamie Dimon says Trump tariffs will boost inflation, slow an already weakening U.S. economy Jamie Dimon is the first Wall Street CEO to publicly address President Trump's sweeping tariff policy as global markets crash.

In his annual shareholder letter, JPMorgan boss Jamie Dimon warns tariffs announced by President Donald Trump last week will likely boost prices on both domestic and imported goods, weighing down a slowing US economy. www.cnbc.com/2025/04/07/j...

Trump extends TikTok deadline for the second time President Trump extended a deadline requiring China-based ByteDance to sell U.S. TikTok operations, marking the second time Trump has taken such an action.

Trump extended the deadline for ByteDance to sell TikTok's US operations until mid-June.

TikTok faces an effective ban in the US if its Chinese parent company can't agree on a sale.

Numerous suitors for the app have emerged, including Oracle, Amazon and AppLovin. www.cnbc.com/2025/04/04/t...

Klarna, StubHub delay IPOs as Trump's tariffs roil markets Klarna and StubHub are delaying plans to go public after President Donald Trump's sweeping tariff announcement sent shock waves through the U.S. markets.

Klarna and StubHub have both slammed the brakes on their IPOs in response to market volatility following Trump's tariffs on several major US trading partners. www.cnbc.com/2025/04/04/k...

Plaid raises funding at $6 billion valuation, enabling some employees to cash out Plaid announced a new funding round that values the fintech company at less than half of its peak price tag four years ago.

Plaid has more than halved in value in a new funding round netting the company $575 million.

The US fintech is now valued at $6 billion, down from $13.4 billion it was worth in 2021. www.cnbc.com/2025/04/03/p...

Nintendo Switch 2 details: Price, screen size, controllers, microphone chat and games Nintendo will launch game titles including "Mario Kart World" and "Street Fighter 6" alongside the new hardware.

Nintendo's new Switch 2 will hit the shelves on June 5 for a price of $449.99 (£395.99 in the UK).

All details - including a new camera accessory catering for streamers - here in our story, from @kif.bsky.social: www.cnbc.com/2025/04/02/n...

Healthcare stocks drop 2.2% on brink of Trump tariffs; Europe markets fall: Live updates European markets were lower Wednesday as global traders brace themselves for a raft of fresh U.S. trade tariffs.

Raspberry Pi reported a 57% drop in profit for 2024, in the company’s first earnings report since its London listing. www.cnbc.com/2025/04/02/e...

OpenAI closes $40 billion funding round, largest private tech deal on record OpenAI on Monday announced the close of its $40 billion financing, the most money raised in a single round by a private tech company.

Investors now think OpenAI is worth $300 billion...!

Gonna be interesting to see how it all shakes out when investors start getting itchy for a return on their mammoth investments into this company...
www.cnbc.com/2025/03/31/o...

Huawei 2024 revenue surges to near-record high as China smartphone comeback takes hold Huawei has been trying to adapt its business to deal with U.S. sanctions that have restricted its access to key technologies like semiconductors.

After years of struggles in its consumer devices unit following Trump's crackdown, Huawei is nearly back to where it was in 2020, reporting its second-highest revenue figure ever for 2024.

Story here from @arjunkharpal.bsky.social: www.cnbc.com/2025/03/31/h...

“I still am crazy enough" to think Klarna can become "the next Google" in size, the fintech firm's boss Sebastian Siemiatkowski told me.

Klarna's journey has been like a rollercoaster. In 2021, it reached a $46 billion valuation (on paper), only to then lose 85% of its value in 2022.

After 20 years at the helm, Klarna CEO Sebastian Siemiatkowski faces his biggest test yet: A U.S. IPO Sebastian Siemiatkowski has been CEO of Klarna for 20 years. He now faces his biggest test yet with a U.S. IPO fast approaching.

New: I had an hour-long interview with the CEO of Klarna last year. We spoke about everything from his views on AI and how he thinks it will replace jobs to the challenges of being a founder-CEO for two decades. www.cnbc.com/2025/03/31/k...

I really did try and tell people

CoreWeave opens at $39 per share after biggest U.S. tech IPO since 2021 CoreWeave received the most proceeds from a U.S. technology IPO since automation software maker UiPath went public in 2021.

CRWV opens at $39 per share.

Down sharply from an initial price target of $47 to $55.

Story from @jordannovet.bsky.social here: www.cnbc.com/2025/03/28/c...

Sell-off on Wall Street gains steam, with Dow losing 700 points: Live updates Stocks sold off Friday, pressured by growing uncertainty on U.S. trade policy as well as a more grim outlook on inflation.

CoreWeave is going out on a volatile market day: www.cnbc.com/2025/03/27/s...

US stocks are in the red. Nasdaq down 2.7%.

This could be ugly.

"CoreWeave reported a net loss of $863 million last year, with revenue soaring 737% from a year earlier. It’s a capital-intensive business due to the high costs of renting out and operating data centers."

😬

CoreWeave set to begin trading after biggest U.S. tech IPO since 2021 CoreWeave received the most proceeds from a U.S. technology IPO since automation software maker UiPath went public in 2021.

This should be good 🍿 www.cnbc.com/2025/03/28/c...

Assassin's Creed-maker Ubisoft's shares surge 11% on deal to spin off top game franchises Ubisoft shares surged on Friday after the French video game publisher announced a deal to spin out some of its best-selling franchises.

Ubisoft shares are surging this morning after the video game maker said it was spinning off some of its top franchises - including Assassin's Creed, Far Cry and Tom Clancy's Rainbow Six - into a new subsidiary backed by China's Tencent. www.cnbc.com/2025/03/28/u...

UK considers big tech tax changes to appease Donald Trump Rachel Reeves says talks are

So this was all just a big "nothing burger," then?

www.bbc.co.uk/news/article...

Mercury Announces $300 Million Series C Round at $3.5 Billion Valuation Mercury, the fintech ambitious companies use for banking*, credit cards, and software to power all their financial workflows, today announced a $300 million ...

Fintech funding coming back?

Mercury, a San Francisco-based startup that offers bank accounts for businesses, announces it's raised $300 million.

The round was led by Sequoia Capital and doubles Mercury's valuation to $3.5 billion from $1.6 billion previously. www.businesswire.com/news/home/20...

Apple co-founder Steve Wozniak talks DOGE, Musk and Tesla Steve Wozniak, co-founder of Apple, spoke with CNBC about what tech billionaire Elon Musk is doing with the U.S.'s new Department of Government Efficiency and weighed in on Tesla's product evolution.

Obviously, Steve is only one man. And many others will have their own takes. I just found it funny (especially coming from the guy who designed some of Apple's first products...)

Here's the full interview, for anyone who's interested! www.cnbc.com/video/2025/0...

Woz: “Coming from Apple, user interface, the way you deal with technology, is the most important thing in the world to me. And Tesla is the worst in the world at that.”