Disruptiv Newsletter: Google 🔎 Microsoft 💻 Apple 🍎 and more

Welcome to the Disruptiv newsletter! You're about to get this week's top tech and innovation insight that we saw this week. Enjoy! [disruptivflow-header] Hello FlowBankers Welcome to the Disruptiv newsletter! A weekly aggregate of relevant tech-focused quick takes. Saturday 10th May [Start trading](113/cXx8Z04/MXchSsr92FlW5Gj9Wb8r70ZhW5wYw0_5dYGGSN6-TNZM2-ZVTW6N1vHY6lZ3mSW5zsHxC1pcJPVW82H4wy5-SXP2W5b4xSJ3p62V9W8z6Y6255XklXVmq81t1-pfgPN8vk4NWqVLHNW3s04nH21m_W1W93gq9v1VbVXmW8MmphY7tyB46W3wqBsh4LhmYqN99fYQWM5bGpW5xl9fb3dVFxDW7tHMTR1mwHnyW98YPRb2l-1KpW7fY4mk8D2vrGW6XxS7H1jX8x0W8VMbJR67PynRW7F0Ps372hqq4W1zzSGP5WhlZsW5WV2r7750SjJW7MxhQ_7LxZ9pW6s6J8F36y7Z1f10sKpv04) FlowBank tech articles 📚 What it takes to be a scalper [shutterstock_2312951901_Scalper](113/cXx8Z04/MXchSsr92FlW5Gj9Wb8r70ZhW5wYw0_5dYGGSN6-TNZ82-ZVTW5BW0B06lZ3nhW33__2H8CNHfHW7Y1S-780QdxyW3FvX-q3Q7QL5W7XP-p58vDVvdW3kRQ8c3BtTK-W26H0pc4JdY6dW4VKKtj5FcbdtW4Xl0_b2rz6f_W3TSBl72LG9jFW5BG3SN2wCZWkW81TxTK581pchW68K-HM3xwQfjW6MMnHR7yGLZBW49p8T72dpJKZW3q45Qh2p6GwjN4Fv9yxnn39kW7hf_vG7Dc36sW3hyYF37g6VFWf6vF8qR04) Scalping is a popular, ultra short-term technical trading strategy, especially popular in the 24-hour forex market. [Read me](113/cXx8Z04/MXchSsr92FlW5Gj9Wb8r70ZhW5wYw0_5dYGGSN6-TNZs2-ZVTW69sMD-6lZ3lVN5BC0b26JqswW7ks7xk7FQqRRW5FG36j6JDtybW8G08Ly5XYf5qN1X9m8H78wGTVHmZfP8D-xlmW1LRLPF1XNClmW8Ql3Rj1sMs23W2Hj9-w2HG0L0W5zBTq82CGsm1Vr4H967mNq-cW1JNWp38ZBqkzW5GVhfB4Q3_FvW4snlLt7ZwRQPW7w31Zn5wTsmhN6F7XQ6gfXzZW6dR0N_2k_wGbVMPy_g1lJnrlN4x2l73ylggBN15mCMSBG_dlf7RTsfY04) Big Technology 🍎 - Employees at Google have expressed discontent regarding morale and distrust toward leadership despite the company's strong financial performance and cost-cutting measures. During a meeting, issues such as the lack of significant pay raises and ongoing layoffs were highlighted, with executives promising fewer layoffs in the latter half of 2024 and continued investment in priorities like artificial intelligence. - The U.S. government has revoked certain export licenses that allowed the sale of chips to Huawei as part of efforts to curb China's tech power. Despite these restrictions, Huawei has seen a resurgence in its consumer business with new smartphone launches, challenging major brands like Apple in China. - Apple has faced a decline in iPhone sales and overall revenue, prompting concerns over its competitive edge and regulatory challenges. However, Warren Buffett remains confident in Apple's business model and customer loyalty, emphasizing the company's effective capital return strategy through share buybacks and dividends. VC + Startups 🎯 - Wayve, a market leader in Embodied artificial intelligence (AI) for autonomous driving, announced the successful closure of €975.350 million ($1.05 billion) in Series C funding. This round was led by SoftBank, with contributions from new investor NVIDIA and existing investor Microsoft. - Eleos has raised venture capital investment of €3.75 million in a seed round led by Fuel Ventures and Indico Capital. Founded in 2022, Eleos has made rapid progress in consolidating its position as the UK’s only provider of fully digital life insurance and income protection products and is on course to pass the £1 million revenue mark by the end of 2024. - Bolt, the global shared mobility business founded in 2013 and headquartered in Tallinn, announces the successful closure of its inaugural €220 million syndicated revolving credit facility (RCF). Crypto 👾 - The FTX bankruptcy estate has proposed a reorganization plan that would pay out billions more than needed to cover creditor claims. The plan states that 98% of creditors would receive at least 118% of their claims in cash, while the remaining creditors would receive 100% of their claims plus compensation for the time value of their investments. The plan is subject to finalization by the bankruptcy court and comes after 17 months of FTX being under Chapter 11 bankruptcy protection. - Grayscale has withdrawn its application for an Ethereum futures exchange-traded fund (ETF) with the SEC. The application faced multiple delays since it was first filed in September 2023. Analysts speculate that Grayscale may have withdrawn the application to set up another legal showdown with the SEC or to re-file an amended application. Law and regulation 🕵️ - Robinhood Crypto has been served notice of impending enforcement action by the SEC, joining the list of companies targeted in the SEC's crypto industry crackdown. SEC Chair Gary Gensler believes that the focus on crypto is due to the prevalence of scams and fraud in the market, as well as the attention given to crypto by the financial media. Gensler reiterated his belief that most cryptocurrencies should be considered securities and that investors lack appropriate disclosures when investing in crypto. - Microsoft did not indicate that its top lawyer, Brad Smith, would appear before a hearing he was invited to by the U.S. House Committee on Homeland Security. In April, a federal report criticized Microsoft’s handling of the breach of key U.S. government officials’ email accounts, prompting the company to announce changes to its cybersecurity practices. Disruptiv Figure 📊 Reddit's Post-IPO Performance Mirrors Early Social Media Trends Reddit, following its initial public offering on March 21, 2024, reported a first-quarter revenue of $243 million alongside a net loss of $575 million, paralleling the financial outcomes of other social media giants like Twitter during their early public phases. Despite the net loss, Reddit saw a significant increase in its user base, a common trend among social media platforms post-IPO, as demonstrated by historical data from companies like Meta and Twitter. This pattern underscores the challenges and growth potentials in the social media industry's financial landscape immediately following public listings. 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