Apple's iPhone sales got hit by the coronavirus
In Apple's case, the iPhone maker earlier expected to tally sales between $63 billion and $67 billion, even with early warning signs of the coronavirus showing disruption to manufacturing and supplies throughout China in December and January. Yahoo says analysts on average expect Apple to report profits of $2.28 per share from $54.7 billion in sales, a drop of more than 5% from the same time a year ago.
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Google to abandon Chrome updates amid coronavirus outbreak
The search and online advertising giant Google, owned by parent company Alphabet, has stated that amid the crisis precipitated by the COVID-19 pandemic, it is abandoning all current branches, infra support, testing and merging of branches of its next Chrome browser update, named M82, a move unprecedented in the browser's 11-year history that came as a shock to Chrome's 2 billion users worldwide.
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Forbes
Food delivery startup DoorDash files for confidential IPO
The 13 billion USD food delivery startup DoorDash, which some say is currently the largest on-demand food delivery company in the US, has stated that it has applied for a confidential IPO, which will allow it to explore some of the benefits of a public listing without being subjected to strict scrutiny that accompanies a regular IPO.
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TechCrunch
SpaceX is chasing a $36 billion valuation
SpaceX is chasing a $36 billion valuation
Elon Musk's aeronautics company SpaceX is reportedly chasing a 36 billion USD valuation by seeking an additional 250 million USD in funding, which would increase the company's value by more than 2.5 billion USD. The company has shown strong revenue flows in the past due to lucrative contracts with NASA and comfortably raised 1.33 billion USD last year.
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TechCrunch
Cyber security firm SentinelOne reaches a billion dollar valuation
An endpoint security firm with roots in the Israeli cyber intelligence community, SentinelOne has successfully raised an additional 200 million USD in funding in a valuation that puts the company at 1.1 billion USD, up from a 500 million USD valuation earlier in the year. Co-founder and CEO Tomer Weingarten has stated that an IPO seems like the next logical choice for the rapidly growing startup.
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TechCrunch