Venture capital firm Sequoia has long been the envy of its Silicon Valley peers, but has rarely had a week like this one.
Read more: Silicon Valley’s most prominent VC firm had a banner week: billion in IPO shares while helping TikTok negotiations
The steep losses came as Apple’s recent product event — its first in 2020 — didn’t live up to the hype.
Read more: Apple has quietly dropped 22% from its peak, giving up 0 billion in market cap
Consultants allegedly bribed Amazon employees for privileged information on sellers’ competitors, giving them an unfair advantage.
Read more: DOJ charges six people in scheme to bribe Amazon employees to ‘gain upper hand’ on marketplace
Shares of Unity, a video game software developer, jumped in its market debut Friday.
Read more: Unity shares close up 31% following market debut
The Commerce Department announced it will ban U.S. business transactions with China-owned social apps WeChat and TikTok on Sunday.
Read more: Trump to block downloads of TikTok, WeChat on Sunday
Infineon is one of the largest semiconductor companies in the world and is a top player in automotive, power and security chips.
Read more: German chipmaker Infineon prepared to handle increased competition from China, CEO says
Oracle would own less than 20% of TikTok as the deal is structured now.
Read more: TikTok set to IPO globally if Trump approves deal with Oracle, Walmart
Amazon was the Postal Service’s “largest customer” in fiscal 2019, according to documents obtained by a watchdog group.
Read more: Trump says Amazon costs the USPS ‘billions,’ but internal docs tell a different story
Unity is set to wrap up a big week for tech IPOs on Friday, and investors showed bullishness, pricing the stock above its expected range.
Read more: Unity prices IPO above range at , initially valuing game software company at .7 billion
Shares of Snowflake traded sharply lower a day after the company’s blockbuster market debut.
Read more: Snowflake shares tumble 10% a day after IPO surge