market
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Dealroom: the UK's tech sector hit a combined $1T market valuation in 2022, doubling since 2019, compared to Germany's $467.2B and France's $307.5B (Daniel Lanyon/AltFi)
Daniel Lanyon / AltFi: Dealroom: the UK’s tech sector hit a combined $1T market valuation in 2022, doubling since 2019,…
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Open-source database provider MariaDB closed down ~40% in its NYSE debut following its SPAC merger; MariaDB had a $368M market cap at $11.55/share opening price (Paul Gillin/SiliconANGLE)
Paul Gillin / SiliconANGLE: Open-source database provider MariaDB closed down ~40% in its NYSE debut following its SPAC merger; MariaDB…
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The mobile games market is set to fall in 2022 for the first time in over a decade; Newzoo forecasts revenues to drop by 6.4% to $92.2B, vs. 7.3% growth in 2021 (Financial Times)
Financial Times: The mobile games market is set to fall in 2022 for the first time in over a decade;…
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Zappi, which offers an automated, AI-based market research service, raised $170M from Sumeru Equity Partners and others and says it has 350 clients (Ingrid Lunden/TechCrunch)
Ingrid Lunden / TechCrunch: Zappi, which offers an automated, AI-based market research service, raised $170M from Sumeru Equity Partners and…
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The subpar performance of FAANG stocks, which account for more than 10% of the S&P 500 weighting, will be a big drag on the market in the coming years (Kit Rees/Bloomberg)
Kit Rees / Bloomberg: The subpar performance of FAANG stocks, which account for more than 10% of the S&P 500…
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Layoffs and rescinded job offers are threatening Amazon's reputation in the tech job market, where it was already facing challenges, according to a June memo (Jason Del Rey/Vox)
Jason Del Rey / Vox: Layoffs and rescinded job offers are threatening Amazon’s reputation in the tech job market, where…
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Google, worried about its reputation, is hesitant to release its capable bot LaMDA, but by waiting too long it may cede the market to competitors like ChatGPT (Alex Kantrowitz/Big Technology)
Alex Kantrowitz / Big Technology: Google, worried about its reputation, is hesitant to release its capable bot LaMDA, but by…
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The hype around esports is fading, as teams and organizations shrink due to a weak sponsorship and ad market, falling VC investment, and the crypto meltdown (Cecilia D'Anastasio/Bloomberg)
Cecilia D’Anastasio / Bloomberg: The hype around esports is fading, as teams and organizations shrink due to a weak sponsorship…
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