GIBBI, Today

Apr 16, 2025

Stories:

Design software startup Figma announced Tuesday it has filed its confidential paperwork for an IPO. We won’t know more until that paperwork becomes public, which, best-case scenario would be in about a month
Figma was last valued at $12.5 billion in May of 2024 after it completed a tender offer that allowed existing shareholders to cash out some of their stake. Adobe attempted to buy Figma for $20 billion, but that deal fell through in 2023 after regulatory pushback against the deal in Europe and the United States
The company is backed by venture firms Sequoia Capital, Index Ventures, Greylock, and Kleiner Perkins, which have investors that sit on its board, along with a long list of other outfits, including Andreessen Horowitz and IVP
GIBBI View: It looks very weird that Figma has decided to make an IPO in this moment after Trump’s tariffs, but remember that Figma is working on an IPO not in to make it so let’s see if Figma’s IPO will happen this year or not

Netflix Inc executives have set a target for the streaming giant to achieve a $1 trillion market valuation by 2030. In a recent internal strategy meeting, senior leaders shared their vision to double the company’s revenue and triple its operating income by the end of the decade
The company plans to increase its annual revenue from $39 billion in the previous year to nearly $80 billion by 2030. Netflix also forecasts its global advertising revenue will grow to $9 billion, a significant rise from the $2.15 billion for the U.S. market this year estimated by eMarketer
The company’s executives are now aiming to increase this subscriber base to approximately 410 million by 2030, focusing on international markets, such as India and Brazil, for much of this expansion
GIBBI View: When Netflix decided to eliminate the option “share your account” I decided to stop to pay for Netflix services and I moved on to another streaming services like Disney Plus and Max, but I had to return to Netflix when last christmas I had to buy its streaming services to watch Steelers’ game against Chiefs and I decided to keep paying it

OpenAI is considering building a social network to compete with Elon Musk’s X and Meta’s Instagram, a source familiar with the plans confirmed to CNBC
The project is still in its early stages, said the person, who asked not to be named due to confidentiality. It’s based on the popularity of OpenAI’s newest image-generation feature, which has led to an overloading of the company’s servers
Last month, OpenAI closed what amounts to the largest private tech funding round on record, raising $40 billion at a $300 billion valuation
GIBBI View: I think that the tech companies are trying to create their own super-apps, where they want to integrate several apps/features so users have all the apps available in just one; I think that with the help AI, in the next 5 years we’ll see several tech companies that will become super-apps

All told, the 2024-25 campaign averaged 1.53 million viewers across ABC, ESPN and TNT, which marked a decline of some 30,000 viewers per game compared to the year-ago figure—a 2% dip from one season to the next
Along with the big Christmas lift, the NBA got a shot in the arm care of the Lakers’ Feb. 2 trade for superstar Luka Dončić. The Mavericks’ unfathomable decision to ship out the future Hall of Famer helped rev up the ratings in the latter portion of the season, as league-wide deliveries following the trade deadline jumped 16%
In addition to the TV turnaround, the NBA also boasted a regular-season attendance mark of 22.3 million fans and an average on-site crowd of 18,147 attendees per game. NBA League Pass subscriptions increased 4% versus 2023-24 and social media impressions soared 67% to 124 billion views
GIBBI View: Yesterday I wrote here that Luka Doncic’s Lakers Jersey was the best selling this year, so reading these two news it looks like that Luka’s trade was a business decision that NBA decided and Mavs followed and executed, just the time will tell us

Nvidia said on Monday that it has commissioned more than a million square feet of manufacturing space to build and test AI chips in Arizona and Texas as part of an effort to move a portion of its production to the U.S
Mass production at the Houston and Dallas plants is expected to ramp up in the next 12-15 months, and within the next four years, the company aims to produce up to half-a-trillion dollars of AI infrastructure in the U.S.
Nvidia claimed its U.S. chip manufacturing initiatives could create “hundreds of thousands” of jobs and drive “trillions of dollars” in economic activity over the coming decades. But programs to ramp up the domestic chipmaking industry face formidable — and growing — challenges
GIBBI View: It looks like that this is a favor to Trump’s administration where NVIDIA wants to avoid any potential problem with U.S., but I have my doubts if this decision won’t make that the AI Chips will increase their prices

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GIBBI