Happy Sunday. In today’s Sunday edition I will collate several interesting graphs that I discovered through the week about tech and business events.
[Business] Amazon’s ad business now does $31B a year — more than the ad revenue of YouTube and the global newspaper industry. As the world has shifted away from print to digital advertising, companies from Uber to Walmart are building out their own ad businesses in search of new (higher-margin) revenue and profit sources.
Over60: CB Insights
[Crypto] One in 5 US adults reports owning crypto, according to a recent survey. Millennials are the most likely to say they own crypto at 36%, compared to just 6% of boomers. As crypto goes mainstream, $1 in every $4 of blockchain funding goes to exchanges and brokerages facilitating the buying and selling of crypto.
[IPO] Gold jeweler Joyalukkas India Ltd. plans to raise as much as 23 billion rupees ($300 million) from an initial share sale, seeking to tap into the growing demand for the precious metal in the world’s second-biggest consumer. The proceeds from the issue will be used to pay back some loans and to open new stores, the company said in a draft prospectus.
Over60: Bloomberg
[M&A] Carlyle Group Inc. and PAI Partners are nearing an agreement to buy women’s health business Theramex from private equity firm CVC Capital Partners, according to people familiar with the matter. The consortium of Carlyle and PAI could announce the acquisition of London-based Theramex for about $1.4 billion as early as Monday.
Over60: Bloomberg