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December 30, 2019, 12:25 PM
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| David Streitfeld / New York Times: |
How Amazon has shaped the economy of Campbellsville, KY, where it opened one of its first fulfillment centers and is now the town's largest private employer — In Campbellsville, Ky., the tech giant's influences abound. The profits, not so much. — CAMPBELLSVILLE, Ky. — In the late 1990s … | Peerzada Abrar / Business Standard: |
Report: Indian startups raised a record $14.5B in 2019, up from $10.5B in 2018 and $550M in 2010; Sequoia, Accel, and Tiger Global were the most active VCs — As the decade is coming to an end, it has seen an impressive 25x growth from a tiny $550 million in 2010 to $14.5 billion in 2019 …
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TechCrunch, Entrackr, Gizmochina, and The Economic Times
Tweets: @buzzindelhi, @sumanthraman, @elaine_dsouza, and @investindia
| Abdel Latif Wahba / Bloomberg: |
Egypt approves Uber's $3.1B acquisition of Careem after setting price caps and other measures designed to keep the local market competitive — Egypt signed off on Uber Technologies Inc.'s acquisition of ride-hailing peer Careem Inc. after setting price caps and other measures designed to keep the local market competitive.
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Reuters, Wccftech, SiliconANGLE, Engadget, PYMNTS.com, Ahram Online, Egyptian Streets, and EgyptToday. Tweets: @dstallibrass
| Catalin Cimpanu / ZDNet: |
IoT device vendor Wyze says a server leak exposed data, including email addresses, camera user IDs, and WiFi SSIDs, of ~2.4M customers from Dec. 4 to Dec. 26 — Details for 2.4 million users were exposed online for 22 days. — Wyze, a company that sells smart devices like security cameras …
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Wyze Community, CNET, Ars Technica, Business Insider, Tom's Hardware, Wyze Community, SlashGear, IPVM, CNN, Fortune, International Business Times, iPhone Hacks, Security Affairs, 9to5Mac, The Daily Dot, TechSpot, Yahoo Finance, PYMNTS.com, Mashable, GeekWire, SiliconANGLE, Digital Trends, SlashGear, BleepingComputer, Wyze Community, Twelve Security, Android Central, Input, and Android Police
Tweets: @wesbos, @mayhemdayone, @gabsmashh, @mattdlockyer, @iansherr, @campuscodi, @davezatz, @troyhunt, @wyzecam, and @aaron_pearce
| Byuu / Medium: |
Chrome's overzealous approach to flagging downloads of newly created software as potential malware is stifling online distribution of indie and free software — Google has an undeniable monopoly on search, and a near-monopoly on web browsing software via Chrome and its forks.
Tweets: @danaditomaso, @randomoracle, @byuu_san, @perpetualmaniac, @glenngabe, @kntoukakis, @randfish, and @notdan
| Uri Berkovitz / Globes Online: |
In 2019, nine Israeli startups became unicorns, bringing the total unicorns in the country to 20, and 16 startups completed a financing round of $100M or more — Israel now has 20 unicorns, privately-held tech companies worth more than $1 billion. Only the US, China and UK have more unicorns.
Tweets: @standwithus
| Reuters: |
France's top court rules that customs and tax authorities can review citizens' public social media posts for evidence of undeclared income or inconsistencies — PARIS (Reuters) - France's government can pursue plans to trawl social media to detect tax avoidance, its Constitutional Court ruled on Friday …
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The West News, The Independent, Communal News, and BBC
| Eileen Yu / ZDNet: |
Grab partners with Singtel to apply for a Singapore digital banking license, with Grab owning a 60% share in the joint entity — Ride-sharing operator and telco plan to form a joint entity, with Grab owning a 60% share, and apply for a digital bank licence in Singapore, where they will look to target …
More:
Nikkei Asian Review, Grab SG, South China Morning Post, TechCrunch, and Bloomberg
Tweets: @jonrussell and @tculpan
| Jordan Novet / CNBC: |
LinkedIn CEO Jeff Weiner talks about the company's evolution after acquisition by Microsoft, integration with Outlook and other Microsoft products, and more — - Microsoft closed its $26.2 billion LinkedIn acquisition three years ago this month. — LinkedIn has done some things … | Alistair Gray / Financial Times: |
US shoppers are expected to return $100B worth of unwanted goods bought this holiday season; online purchases 3x more likely to be returned than those in stores — US consumers are expected to send back a record $100bn worth of unwanted goods bought between Thanksgiving and Christmas as the rise of ecommerce causes a returns epidemic.| Ron Miller / TechCrunch: |
VMware completes its $2.7B acquisition of Pivotal, originally announced in August — VMware is closing the year with a significant new component in its arsenal. Today it announced it has closed the $2.7 billion Pivotal acquisition it originally announced in August.| Tony Romm / Washington Post: |
Facebook has quietly started removing some misleading ads about HIV prevention drugs after activists said they could have caused a public-health crisis — The ads, first reported by The Washington Post, threatened to create a public health crisis, LGBT groups had said.
Tweets: @tonyromm, @tonyromm, and @gbbranstetter
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