
By CHARLOTTE GRAHAM-McLAY from NYT World https://nyti.ms/2ToOqPw













Nick Summers / Engadget:
Nintendo reports Q3 profit of ~$1.5B, up 36% YoY, on revenue of $5.6B, up 26% YoY, sells 9.41M Switch consoles, but cuts its fiscal year target from 20M to 17M — Nintendo sold 9.41 million Switch consoles in the three months leading up to December 31st, 2018, bringing lifetime sales to 32.27 million.
Olga Kharif / Bloomberg:
Crypto funds have begun resembling VC funds more than hedge funds, following a tough year; Polychain Capital raises $175M for fund with a 7-year lockup period — - Polychain's $175 million fund includes 7-year lockup provision — More digital asset venture funds are opening than hedge funds








Joanna Glasner / Crunchbase News:
Research: in 2018, startups in the SF Bay Area raised $22.4B across 87 $100M+ funding rounds; startups in the rest of US raised $24.9B across 103 $100M+ rounds — The San Francisco Bay Area 1 may be best understood as one giant reality distortion field. People live on top of earthquake faults.
Casey Newton / The Interface:
Apple shutting down Facebook's internal iOS apps should serve as a reminder of the power Apple holds over the rest of us — At around 2:30 a.m. ET on Wednesday, Facebook sent me an update about the controversial market research program revealed on Tuesday by TechCrunch.
Jon Russell / TechCrunch:
Grab raises $200M from Thai retail conglomerate Central Group, says the deal is not part of ongoing Series H but an investment into its Thailand-based business — Grab's fundraising push continues unabated after the Southeast Asian ride-hailing firm announced that it has raised $200 million …
Christine Kim / CoinDesk:
“Wrapped Bitcoin” (WBTC), a joint initiative between BitGo and other partners, has launched its ERC-20 token that is backed one-to-one by a regular bitcoin — A new token backed one-to-one with bitcoin is now live on the ethereum blockchain. — “Wrapped BTC” (WBTC) officially launched its ERC-20 token Wednesday evening.
Jordan Novet / CNBC:
Ironclad, a startup focused on automating the creation and management of legal contracts and other paperwork, announces $23M funding round led by Sequoia — When Jason Boehmig was in law school at Notre Dame in 2012, he decided he really wanted to be in technology.
Megan Rose Dickey / TechCrunch:
Electric scooter startup Grin, which merged with São Paulo-based Ride in October, merges with Brazil-based Yellow as it expands further across Latin America — Consolidation in the micromobility space has arrived — in Brazil, at least. A few months after Y Combinator-backed Grin merged …
Athena Jones / CNN:
New York AG, in precedent-setting settlement, finds selling fake followers and likes or using stolen IDs on social media is illegal in its case against Devumi — New York (CNN Business)A company that brought in millions of dollars in revenue by creating fake social media posts and comments …
Sam Byford / The Verge:
Samsung reports Q4 revenue of $53.3B, down 10% YoY, operating profit of $9.7B, down 29% YoY, says earnings primarily affected by falling demand for memory chips — Samsung Electronics has turned in an earnings report in line with its guidance, as happens every quarter.
Melia Russell / San Francisco Chronicle:
DHS announces rule changes to H-1B visa lottery favoring workers with US advanced degrees starting Apr. 1, making it harder for outsourcers to hire from abroad — A subtle change with major implications is coming to the H-1B visa program that could give large tech companies an edge …
Chaim Gartenberg / The Verge:
Zuckerberg says combining Facebook's messaging apps into a unified platform is a “2020 thing or beyond” — 'There's a lot more we need to figure out.' — Facebook is reportedly working to combine Messenger, WhatsApp, and Instagram messaging into a single, unified platform …
Yoolim Lee / Bloomberg : Sources: Seoul-based AI chip designer FuriosaAI seeks to raise a $300M-$500M Series D to fund mass production of...