Techmeme: Report: Raspberry Pi Trading hired investment banks Stifel and Liberum to advise on a London IPO planned for this spring that would value it at ~$500M (Les Pounder/Tom's Hardware)

Open Links In New Tab

Mobile Archives Advertise

November 29, 2021, 3:45 AM

Top News

Christopher Mims / Wall Street Journal:

How “neo-conglomerates” like Apple, Amazon, Alphabet, Microsoft, and Meta replaced and outgrew industrial conglomerates like GE, Toshiba, and Johnson & Johnson — As General Electric and other old-school behemoths break up, Amazon, Apple, Alphabet, Microsoft and Meta are taking …

Tweets: @fmbutt, @halsinger, @mims, @brian_callaci, and @sub8u

Financial Times:

Sources: UK's CMA is expected to block Meta's proposed acquisition of Giphy — Move would be the first time the competition watchdog has reversed a Big Tech acquisition — The UK competition regulator is expected to block Meta's acquisition of online gif platform Giphy in the coming days …

More: Reuters and The Economic Times

Tweets: @martinsfp and @mdudas

Steven J. Vaughan-Nichols / ZDNet:

Nextcloud and ~30 other EU companies file an antitrust complaint with the European Commission against Microsoft for bundling OneDrive and Teams with Windows — Nextcloud and almost 30 other European companies have filed a complaint about Microsoft's anti-competitive behavior with its OneDrive cloud storage offering.

Source: Nextcloud and Nextcloud. More: Politico, SiliconANGLE, PCMag, Slashdot, Reclaim The Net, MSPoweruser, and Neowin

Tweets: @simonvandorpe, @carnage4life, and @carnage4life

Les Pounder / Tom's Hardware:

Report: Raspberry Pi Trading hired investment banks Stifel and Liberum to advise on a London IPO planned for this spring that would value it at ~$500M — The listing could see Raspberry Pi valued at $500m — According to a report in The Telegraph, Raspberry Pi Trading …

Source: Telegraph. More: CNX Software and Slashdot

Tweets: @sub8u, @recantha, @frankcatalano, and @rob_kimbell

Manish Singh / TechCrunch:

Slice, whose credit cards are used by 5M+ people in India and let users pay their bills interest-free over three months, raises a $220M Series B — Rajan Bajaj, founder of fintech Slice, chimed in on a Twitter thread earlier this year and wondered aloud what he needs to do to turn his startup into a unicorn before he turns 30.

More: Entrackr, Tech in Asia, DealStreetAsia, Bloomberg, The Economic Times, and PYMNTS.com. Tweets: @refsrc

Warren P. Strobel / Wall Street Journal:

A look at the challenges spies face with biometrics, smartphones, and surveillance cameras, and how AI sifting through data changes espionage — U.S., rivals seek ways to adapt spycraft to a changing world; being on the grid can blow your cover, but so can staying off

Tweets: @tuomorusila, @evanselinger, @jayshams, @vmsalama, @jessmarindavis, and @niubi

New York Times:

Recent cyberattacks on Iran's fuel distribution system and an Israeli LGBTQ dating site show that Iran-Israel cyberwar is impacting civilians on a large scale — Iranians couldn't buy gas. Israelis found their intimate dating details posted online. The Iran-Israel shadow war is now hitting ordinary citizens.

More: The Overspill. Tweets: @jonathanmtweet, @int_rec_day, @kylieatwood, @alexgibneyfilm, @seanmcfate, @ebkania, @kenroth, @kevincollier, @loumariehsd, @nytimes, @jasonmbrodsky, @jasonmbrodsky, @chris_sactoca, @zachsdorfman, @snlyngaas, @sangernyt, and @farnazfassihi

Adam Rogers / Wired:

A look at efforts to develop brain-computer interfaces, including Musk's Neuralink and a DARPA program to build a 64,000-electrode array for brain implants — The idea of a synthetic experience uploaded to the mind has been a sci-fi fantasy forever. New brain-computer interfaces are making it nonfiction—very slowly.

Tweets: @sub8u, @hankgreelylsju, @rossdawson, @condenast, and @jetjocko

Stephen Diehl:

Crypto tokens allow venture capitalists to dump their investments on an enthusiastic public without regulation, in the midst of a speculative mania — These days I read a lot of cross-disciplinary commentary on the crypto asset bubble, and what strikes me as particularly strange is the sheer level …

Chance Miller / 9to5Mac:

Gurman: Apple is still working on a multi-device charger, other short and long-distance wireless chargers, and reverse wireless charging for its devices — Despite its failed AirPower experiment a few years ago, Apple is reportedly still working on a multi-device charger for its products.

Source: Bloomberg. More: iThinkDifferent, iMore, AppleInsider, Ubergizmo, Gizchina, Forbes, AppleTrack, Philip Elmer‑DeWitt, and iPhone Hacks. Tweets: @joshuaswingle

Mike Butcher / TechCrunch:

UK-based Motorway, a second-hand car auction site used by 4K+ car dealers, raises a $190M Series C at a $1B+ valuation after raising a $67.7M Series B in June — It was only in June that Motorway - a U.K. platform on which professional car dealers can bid in an auction for privately owned cars for sale …

More: Sifted

Financial Times:

Sky Mavis says its crypto-based game Axie Infinity quadrupled DAUs in under 3 months to 2M in October, as some analysts question Axie's economic sustainability — Video game analysts are questioning the economic sustainability of pay-to-play ‘Axie’ — Eight months ago …

Tweets: @smdiehl, @financialtimes, and @saemin4655

Sponsor Posts

TELUS Digital:

Are you ready for the era of agentic AI? — Tech leaders are always talking about what's next, and right now, agentic AI is dominating the discourse. Equip yourself with the info you need in this recorded webinar.

Tribe AI:

State of AI: Adoption, Challenges and Recommendations — Examining the current state of AI, the key challenges organizations face, and practical recommendations for utilizing AI integration alongside other best practices.

Zoho:

The rise of AI in recruitment — Note: This is a guest post by our integration partner Ringover.AI has already begun transforming recruitment, but in the coming years, it will reach new heights.

IDrive:

Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.

Sponsor Techmeme

Featured Podcasts

Techmeme Ride Home:

Will Tech Raise Prices Cause Of Tariffs?

The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.

Subscribe to Techmeme Ride Home.

Sponsor this podcast

Decoder with Nilay Patel:

UiPath CEO Daniel Dines on AI agents replacing our jobs

A show from the Verge about big ideas - and other problems.

Subscribe to Decoder with Nilay Patel.

Grit:

Brex 3.0: Inside the Radical Turnaround with Pedro Franceschi

Grit explores what it takes to create, build and scale world-class organizations.

Subscribe to Grit.

Lenny's Podcast:

Become a better communicator: Specific frameworks to improve your clarity, influence, and impact | Wes Kao (coach, entrepreneur, advisor)

Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.

Subscribe to Lenny's Podcast.

Hard Fork:

Tech Stock Shock + Solving the Mystery of OpenAI's "Blip" + Tinder's Flirt-Off

The future is already here. Each week, journalists Kevin Roose and Casey Newton explore and make sense of the latest in the rapidly changing world of tech.

Subscribe to Hard Fork.

BG2 Pod:

Liberation Day, Tariffs, US v China Open Source, OpenAI Fundraise, $CRWV, TikTok

Open-source podcast on all things tech, markets, investing, and capitalism, hosted by Brad Gerstner and Bill Gurley.

Subscribe to BG2 Pod.

Add your postcast here

About This Page

This is a Techmeme archive page. It shows how the site appeared at 3:45 AM ET, November 29, 2021.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Bloomberg:

The stock market briefly surged today after CNBC, Reuters, and others picked up an erroneous X post that Trump was considering a 90-day pause on tariffs

Lucas Shaw / Bloomberg:

Some experts weigh in on how President Trump's trade policy could impact the entertainment industry: ad budgets may shrink, Netflix could be shielded, and more

Rebecca Rubin / Variety:

A Minecraft Movie collects $157M at the US box office in its opening weekend, the biggest domestic debut of 2025 and best in history for a video game adaptation

More News

Javier Espinoza / Financial Times:

Vestager asks the EU Parliament and Council to approve the Digital Markets Act and the Digital Services Act as a matter of urgency, even if they are imperfect

More: Reuters. Tweets: @javierespft, @thierrybreton, @vestager, @andreas_schwab, @samuelstolton, @chrismessina, @vestager, and @charanzova

Lauren Thomas / CNBC:

Adobe: US consumers spent $8.9B online on Black Friday, down from the record $9B in 2020, the first ever YoY decline

More: ABC News, Engadget, The Verge, Forbes, Axios, CNET, and Benzinga

Tweets: @laurenthomas, @ericjhonsa, @hytrekprosiecka, @thinking_panda, @itsreapagain, and @darjohn25

Arol Wright / Android Police:

Spotify confirms it is retiring the Car View mode in its mobile apps, offering no replacement, but says it is working to improve how users listen while driving

More: The Verge, Gizmodo, PYMNTS.com, Thurrott, Engadget, 9to5Google, Mashable, PhoneArena, PCMag, TechRadar, Android Central, Pocketnow, MobileSyrup, Gizchina, and MSPoweruser

Tweets: @stephanievasko and @jak1192

Vlad Savov / Bloomberg:

Now that most video game platforms have a digital-only purchasing option, paying separately for the same video game on each is indefensible

More: Daring Fireball and Philip Elmer‑DeWitt

Tweets: @reksveks, @alangebhardtsba, @steuph, @gruber, @reneritchie, @stroughtonsmith, and @daringfireball

Reuters:

Indian government tells Starlink to stop “booking/rendering the satellite internet service” as it does not have a license to operate in the country

More: pib.gov.in, The Hindu, Gizmodo, Techaeris, The Verge, PCMag, Engadget, and Insider

Tweets: @jeffnolan, @gyude_moore, and @gojomo

Bloomberg:

Sources: Cloud Village, the music streaming arm of Chinese gaming giant NetEase, raises ~$422M in a Hong Kong IPO, pricing shares at HK$205, or ~$26.30

More: Caixin Global, Wall Street Journal, and CNBC

Earlier Picks

Jing Yang / Wall Street Journal:

Sources: Alibaba is delegating more responsibility to presidents of its business units to shed its monolithic image in the wake of China's regulatory crackdown

Tweets: @jchengwsj and @jchengwsj

The Economic Times:

Paytm reports Q2 revenue of $144.8M, up 64% YoY, and a net loss of $63M, up 8%+ YoY, in its first post-IPO earnings report

Source: Paytm. More: PYMNTS.com, Moneycontrol, Entrackr, Livemint, Hindustan Times, Zee Business, CNBCTV18, Reuters, BloombergQuint, and Bloomberg

Jiyoung Sohn / Wall Street Journal:

Gartner: global chip makers are projected to spend $146B this year, about 50% higher than before the pandemic and double the amount five years ago

More: The Diff. Tweets: @workmj, @paulpage, and @molson_hart

Natasha Lomas / TechCrunch:

UK's CMA says Google has agreed to expanded oversight in the development of Privacy Sandbox as part of the regulator's antitrust investigation

More: Android Central, iTnews, The Keyword, The Hacker News, SiliconANGLE, GOV.UK, Financial Times, The Register, and Thurrott

Tweets: @cmagovuk, @1br0wn, @astaniscia86, and @lewis_crofts

Eric Slivka / MacRumors:

Kuo: Apple AR headset to launch in late 2022 with an M1-like chip and no tethering to a Mac or an iPhone; Apple wants to replace the iPhone with AR in 10 years