Best Nasdaq H1 since 1983, DWAC insider trading, Apple becomes first to close above $3T

The Nasdaq closed out H1 2023 up 32%, its best first half since 1983; Nvidia led the way, up ~195% behind an AI-induced surge - Link

Apple became the first publicly traded company to close with a market cap above $3T; Apple shares are up 55% YTD; the company previously hit a $3T market cap intraday in January 2022 - Link

Bloomberg sources: Spotify is in talks with partners to test full-length music videos on its mobile app as it expands further into video - Link

A recently revealed court document shows Microsoft's Azure business reported $34B in revenue for the 12 months ending June 2022 - Link

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News show! Jason breaks down a report that Shein has confidentially registered for a US IPO (1:24) amidst unethical labor allegations, what it means to vote with your dollar (11:22), DWAC's insider trading debacle (47:25), and more! - Link

Levit, an e-commerce startup that operates the shopping app Alwayz, raised a $46M Series B led by DST Global for its model combining social, gaming, and cost-efficiency in online shopping - Link

Venn Software, a cybersecurity startup that provides secure enclaves for business data on remote laptops, raised a $29M Series A - Link

Gleamer, a Paris-based startup building AI-powered software that helps radiologists detect and diagnose bone trauma, raised a ~$29.5M Series B; the company has 6.5K users across 650 institutions in 24 countries - Link

US prosecutors charged three men in Florida with insider trading involving the Digital World Acquisition Corp SPAC, alleging $22M+ in illicit profits tied to a proposed merger with Donald Trump's TMTG - Link

This Week in Startups

E1771: Shein registers for US IPO, Trump SPAC insider trading & more

E1770: Creating the future of search and competing vs Google with Perplexity AI’s Aravind Srinivas

E1769: Zapier Co-Founder Mike Knoop on category creation, API evolution & AI architecture

E1768: IRL to shut down after faking 19M users, ZIRP fraud, Databricks acquires MosaicML for $1.3B

E1767: Titan tragedy, Meta removes news in Canada + Elizabeth Yin at Angel Summit

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