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News releases from Silicon Valley Business Journal

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Report: PayPal considers acquisition of BitGo, other cryptocurrency companies
Just days after announcing it would start to accept bitcoin, PayPal Holdings Inc. reportedly is in talks to acquire a cryptocurrency company. 
Tags Ben Davenport Banking & Financial Services Mike Belshe
From Business Journals
Tibco buys New York analytics business said to be valued at $1B
Palo Alto-based Tibco is owned by private equity firm Vista Equity Partners and the company it is buying includes Goldman Sachs as an investor. 
Tags Vista Equity Partners Software Dan Streetman
From Business Journals
Google's ex-CEO decries antitrust suit, says social networks are 'Amplifiers for Idiots'
Eric Schmidt, who is a big donor to liberal candidates and causes, blasted this week's antitrust lawsuit as “largely driven by Republicans, at the end of a term of a president whose polling indicates... 
Tags Technology Social media Eric Schmidt
From Business Journals
Amazon extends WFH for office employees through June 2021
Tech companies are pushing back the dates when employees are expected to return to the office as fall brings a new spike in Covid-19 cases. 
Tags Satya Nadella Technology Amazon
From Business Journals
Walmart cuts jobs at Sunnyvale tech hub as a result of Vudu sale to Fandango
The layoffs, effective June 30, focused on tech workers, not retail, but there could be a silver lining in the loss. 
Tags Technology Retailing Digital Media
From Business Journals
PayPal to allow cryptocurrency transactions beginning next year
San Jose-based PayPal isn't the first major fintech to open up to cryptocurrencies but the move is significant because of its large base of users 
Tags Banking & Financial Services Paypal Holdings, Inc/ Technology
From Business Journals
County executive rebuffs state rules allowing stadium spectators, calling the rules "dangerous"
Jeff Smith: "‘Super spreader’ events will not be allowed within the County of Santa Clara.” 
Tags Sporting Events Jeff Smith Sara Cody
From Business Journals
Federal government gears up for antitrust lawsuit against Google
The federal government’s reckoning with Google LLC could soon be at hand as it launches its long-awaited antitrust lawsuit against the tech giant. 
Tags Government & Regulations Technology Alphabet/Google Inc/
From Business Journals
The Funded: Nextdoor may seek valuation of $4B-$5B in an IPO
A possible Nextdoor IPO and nearly $100 million in new funding for three Bay Area startups tops local venture news at the start of a new week. 
Tags Derrick Lee Technology Venture capital
From Business Journals
Here are the 6 hottest VC-backed Bay Area startups for the third quarter
The valuations of these six venture-backed Bay Area startups that are estimated to be worth $100 million or more jumped at least fourfold in the third quarter. 
Tags Technology Venture capital Startups
From Business Journals
Fisker taps Magna to make its Ocean EV
Under the pact, Magna will manufacture Fisker's Ocean SUV in Europe starting in the fourth quarter of 2022. 
Tags Headspace, Inc/ John Finnucan Startups
From Business Journals
Why lending to Black-owned businesses is a big issue
Lending patterns to Black-owned businesses are a matter of concern for all businesses. 
Tags Zakiya Norton Andre Perry Banking & Financial Services
From Business Journals
The week in bankruptcies: RC Cubed Inc., Services for Brain Injury and one more
This week in San Jose-area business bankruptcies include RC Cubed Inc. and Services for Brain Injury. For the year, San Jose has recorded 33 business bankruptcy filings. 
Tags Banking & Financial Services
From Business Journals
San Mateo online game unicorn joins growing IPO calendar
The disclosure follows a report from Reuters earlier this month that said the San Mateo company would seek to double its $4 billion valuation with an offering that could come early next year. 
Tags Video Games Startups Venture capital
From Business Journals
Nominations now open for the Bay Area's Best Places to Work in 2021
Best Places to Work in the Bay Area, a coveted award for the region, now has nominations open for the 2021 awards. 
Tags Julia Cooper Awards Career & Workplace
From Business Journals
American Idol, NFL Draft, Apple's WWDC among large events to switch to Zoom
The move inside and online in March due to the Covid-19 pandemic forced producers of large-scale, in-person events to get creative. A look at some of TV events that moved to Zoom in 2020. 
Tags Media & Marketing Technology Zoom Video Communications, Inc/
From Business Journals
AMD may buy rival Xilinx in $30B chip megadeal
Buying San Jose-based Xilinx could make Santa Clara-based AMD more competitive with rival neighbor Intel Corp. 
Tags Mergers and Acquisitions Lisa Su Technology
From Business Journals
Tesla owner surprised by $4,280 Autopilot upgrade via 'butt dial'
At Tesla, it seems the way to get your money back for an unwanted upgrade is to catch the attention of the man in charge. 
Tags Automotive Tesla Inc/ Tesla, Inc/
From Business Journals
Here's just how well Bay Area companies have done in a pandemic-influenced stock market
If Wall Street's performance has been an economic bright spot during the last six, pandemic-influenced months, then public companies in the San Francisco Bay Area have offered something else — a... 
Tags Rachel Massaro Banking & Financial Services Technology
From Business Journals
Luminar says its Wall Street debut will outperform Velodyne’s. Here’s why
Top executives of the company talked about their plans to go public through a "blank check" merger, less than week after the value of Velodyne Lidar dropped by nearly a third when it went public the... 
Tags Technology Velodyne LiDAR Austin Russell
From Business Journals
Cisco hit with $1.9B judgment for 'willful and egregious' patent infringement
Cisco was ordered Monday to pay $1.9 billion to a small cybersecurity firm in Virginia over its infringement of four patents. 
Tags Cisco Systems, Inc/ Technology Legal Services
From Business Journals
Your cash is no longer any good with the 49ers (your money is something different)
49ers, with Visa's help, join the cashless society. 
Tags Food & Lifestyle Roger Hacker San Francisco 49ers
From Business Journals
Podcast: Palantir, Asana and the apotheosis of Peter Thiel
On this week's Silicon Insider Podcast: What to make of Palantir and Asana's public stock debuts; Apple starts showing weakness; and so much Covid-19 news. 
Tags Brian Armstrong Asana Inc Technology
From Business Journals
San Mateo online game hub weighs IPO that could double its $4B valuation
The San Mateo company's Wall Street debut reportedly could come through either a traditional IPO or a direct listing, subject to market conditions. 
Tags David Baszucki Technology Video Games
From Business Journals
Assessor's numbers showed a recession coming months before Covid happened
Looks like 2020 economy was going to be bad even without the pandemic. 
Tags Coronavirus Government & Regulations
From Business Journals
Redwood City medical device maker Pulmonx tops IPO targets, raises $190M
Along with a $450 million Wall Street debut on Thursday by Menlo Park-based "blank check" company Altimerter Growth Corp., there have now been 36 IPOs in 2020 by Bay Area companies. That ties last... 
Tags Health Care Technology Insurance
From Business Journals
Two airlines to resume San Jose-Hawaii service Nov. 1
Here's what the relaxation of Hawaii's Covid-19 quarantine rules has done. 
Tags Alaska Air Group, Inc/ Hawaiian Holdings, Inc/ Travel & Tourism
From Business Journals
Palantir COO, fresh from strong Wall Street debut, says it's not abandoning Silicon Valley
The COO's comments came after Palantir's stock jumped more than 34% on its first day of trading on the New York Stock Exchange. That gave it a market cap that tops the $20 billion that private... 
Tags Venture capital Palantir Technologies Alex Karp
From Business Journals
Redwood City medical device maker Pulmonx boosts IPO targets by 69%
This is the company's second attempt this year at going public after shelving an earlier plan to raise up to $86 million. It withdrew that filing after raising $66 million privately in May. 
Tags Insurance Technology Health Care
From Business Journals
Palantir Technologies makes Wall Street debut with valuation "under water"
The preliminary fully diluted valuation implied by the reference price given by the NYSE is $15.7 billion, well below Palantir's last available private valuation in 2015 of about $20 billion. It's also... 
Tags Palantir Technologies Dustin Moskovitz Technology
From Business Journals
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