Meta poaches Apple design exec Alan Dye to lead new creative studio in Reality Labs
Dye led Apple’s user interface team for the last decade.
In Brief
Company backed by Donald Trump Jr.’s firm nabs $620M government contract
Vulcan Elements, a rare-earth magnets startup, has secured a $620 million contract from the U.S. defense department.
Bending Spoons agrees to buy Eventbrite for $500M to revive stalled brand
The acquisition price for the events marketplace is a fraction of the $1.76 billion valuation it achieved during its 2018 IPO.
Kalshi raises $1B at $11B valuation, doubling value in under two months
The latest funding comes less than two months after Kalshi announced that it raised $300 million at a $5 billion valuation.
Shopify resolves outage disrupting merchants on Cyber Monday
Shopify was down for many merchants this morning, preventing them from processing transactions. It appears to be fixed now.
Multiple London councils report disruption amid ongoing cyberattack
Three London councils reported disruption, prompting officials to shut down phone lines and networks and activate emergency plans.
Adobe to buy Semrush for $1.9 billion
Adobe said it would offer $12 per share for Semrush, almost double the latter’s closing price of $6.89 on Tuesday, before news of the deal.