Apple said to mull shifting 15-30% of output from China
4 days ago
Apple is asking major suppliers to evaluate the cost implications of shifting 15% to 30% of production capacity from China to Southeast Asia, Nikkei reports. Meanwhile, A group of chief executive officers of American corporations are set to meet with Chinese Premier Li Keqiang this week as the simmering trade war ensnares companies from both countries, sources say.
Facebook says its new cryptocurrency will be better than Bitcoin
Facebook Inc. unveiled plans for a new cryptocurrency that the social-media giant hopes will one day trade on a global scale much like the U.S. dollar. Called Libra, the new currency will launch as soon as next year and be what's known as a stablecoin -- a digital currency that's supported by established government-backed currencies and securities.
Youtube kids site shunned by children
Loup Ventures Managing Partner, Doug Clinton and Bloomberg's Lucas Shaw, discuss YouTube Kids, an app geared for children under the age of 13. According to several YouTube staffers, most children using the YouTube Kids app switch to the main app long before reaching 13.
Slack skipping IPO and going right to the public
Work collaboration tool Slack is going public this week, but not with an IPO. The company is opting for a direct listing allowing it's investors and employees to sell their existing shares immediately. The company has a current valuation of $16.5 billion. Bloomberg's Emily Chang reports. Disclosure: Bloomberg Beta, the venture capital arm of Bloomberg LP, is an investor in Slack.