Beijing-based Moonshot files confidentially for a Hong Kong IPO; a source says the startup is in talks to raise a pre-IPO funding round at a $50B valuation
Moonshot AI, whose Kimi K3 open-source model has become a global hit, has filed confidentially an application for a Hong Kong initial public offering …
Google strikes a deal with Reddit, reportedly for $60M/year, gaining Reddit Data API access to surface more Reddit content in Search and to train its AI models
what you need to know Eileen AJ Connelly / The Wrap : Reddit Inks $60 Million-a-Year Deal To Train Google AI Ahead of Expected IPO | Report Barry Schwartz / Search Engine Roundtable : No Joke: Google ...
Telegram says it has raised $1B+ in debt financing, including $150M from Abu Dhabi Catalyst Partners and state fund Mubadala via pre-IPO convertible bonds
Update: Telegram has now announced it's pulled in over $1BN in debt financing by selling bonds. — Founder Pavel Durov put …
After a NY Post report that Morgan Stanley offered Lyft's pre-IPO investors a short-selling product, Lyft sends a letter threatening to sue the investment bank
- In a letter sent to Morgan Stanley on April 2, Lyft questioned the firm about its role in helping market certain products …
SecondMarket Lays Off 10 Percent in Light of Facebook IPO
SecondMarket, the marketplace for private company shares that built much of its business on pre-IPO interest in Facebook equity, laid off 10 percent of its staff today. Prior to the layoffs, the New ...
Google Offers Staff Engineer $3.5 Million To Turn Down Facebook Offer
In September I wrote about Google's “extraordinary” efforts to stop employees, particularly engineers, from resigning to join pre-IPO startups like LinkedIn, Twitter and especially Facebook.