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A profile of Joseph Firmage, who founded USWeb, which went public with a $2.5B market cap in 1997, and is now being sued by “antigravity-machine” investors (Brent Crane/Bloomberg)
China’s mini-drama industry grew 35% YoY to ~$6.91B in 2024, surpassing the country’s box office and forcing iQiyi and Tencent to embrace short-form dramas (Sohee Kim/Bloomberg)
XOi, whose software lets field technicians get info about the machines they need to fix, raises $230M from KKR and buys its rival Specifx for an undisclosed sum (Ingrid Lunden/TechCrunch)

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