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June 15, 2020, 8:50 AM
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| Benjamin Mullin / Wall Street Journal: |
Sources: at its current pace, Quibi will sign up fewer than 2M paying subscribers by the end of its first year, well under its original target of 7.4M — Two veteran executives with contrasting styles are launching Quibi, an on-the-go streaming service, during a pandemic
More:
Variety. Tweets: @tomgara, @katienotopoulos, @moryan, @brianmcc, @benmullin, @somospostpc, @asharma, @chrismichel, @a_w_gordon, @nichcarlson, @wsj, @ross, @dave_schilling, @walthickey, @sepinwall, @rkalland, @zck, @jpbrammer, @thejerrylu, @trengriffin, @joshconstine, @cinematicbanter, @sameer_singh17, @brokenbottleboy, @reckless, @jasonleopold, @joannastern, @hughlangley, @db, @benmullin, @yoda, @wsj, @kimmasters, @chrisreimer, @benyt, @a_w_gordon, @iankarmel, @bigblackjacobin, @annaknicolaou, and @ashleyxholcomb
| Amanda Meade / The Guardian: |
In response to Australian regulator, Facebook says it will not pay for shared news links and that not having them at all would not significantly impact business — Social media giant rejects ACCC proposal, saying it could cut out news completely without any significant impact on its business
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Asia Times, Telecoms.com, Facebook, Geek News Central, ABC, The Age, ZDNet, MediaNama, AdNews, and Facebook
| TechCrunch: |
WhatsApp says it is rolling out a payments service for its users in Brazil to send and receive money and make purchases from local businesses — WhatsApp said on Monday it has started to roll out a payments service to its users in Brazil in a move that it described was aimed at helping businesses accept digital money.| Financial Times: |
Sources: SoftBank has invested $500M+ into Credit Suisse supply-chain finance funds that then made big bets on the debt of struggling SoftBank-backed startups — Japanese conglomerate engages in circular flow of financing to Vision Fund start-ups — SoftBank has quietly poured more than $500m …
More:
Fortune. Tweets: @sameer_singh17, @sarthakgh, @spignal, @mattzeitlin, @birdyword, @bondhack, @peter_tl, @fascinatorfun, and @bjmbraun
| Catalin Cimpanu / ZDNet: |
GitHub CEO says company is working to replace the name “master” for the default version of source code repositories with a more neutral term — GitHub getting on board legitimizes movement aimed at removing racially-charged language from software.
More:
The Next Web, DEVCLASS, and Telegraph
Tweets: @jaromil, @ryan, @tonynorthrup, @danielctull, @kevingiszewski, @__anoop, @fascinated, @chrismessina, @nsthorat, @satyan, @mor10, @alolita, @xpasky, @twostraws, @partisangirl, and @notdan
| Manish Singh / TechCrunch: |
ByteDance says it's shutting down two of its apps in India, Vigo Lite and Vigo Video, the latter of which reportedly had 4M MAUs, urging users to move to TikTok — Chinese internet giant ByteDance has announced plans to discontinue two of its apps in India, its biggest overseas market, and urged users to move to TikTok.
More:
Entrackr, Fossbytes, Fortune, Outlook India Magazine, Hindustan Times, MediaNama, The Next Web, and TechNode
Tweets: @sub8u and @medianama
| Wall Street Journal: |
PayPal, Square, others make some businesses wait for weeks to access funds, to protect themselves against the rise of disputed transactions during the pandemic — More people are demanding refunds for things bought before the pandemic. PayPal, Square and others are trying to protect themselves … | David Ingram / NBC News: |
US efforts to deploy COVID-19 contact tracing apps have fallen flat, as most states retreat from earlier interest and the few with an app struggle with adoption — At a briefing this week, New Jersey Gov. Phil Murphy touted his state's efforts to trace the spread of the coronavirus …
More:
Business Insider, Slashdot, and Telegraph
| Nathan Baschez / Divinations: |
Apple's efforts in health amount to a new OS, a bottleneck that all healthcare players, from providers to device makers, must integrate with to get distribution — Apple is building an operating system for health — This essay was co-authored by Rob Litterst and Nathan Baschez
More:
Philip Elmer‑DeWitt. Tweets: @shivsharma_5, @smalera, @sarthakgh, @gavinsbaker, @kartikhelps, @gavinsbaker, @bpm140, @gotwalt, @brendanjshort, @nbashaw, and @taylormajewski
| Brian Fung / CNN: |
As Microsoft and Amazon push for federal regulation of facial recognition, an overview of related local laws that have been passed and tech lobbying efforts — How facial recognition went from bad TV to Big Brother — (CNN)In a matter of days, there was a sea change with one of the most cutting-edge … | Crystal Tse / Bloomberg: |
Boston-based Duck Creek Technologies, a software provider for insurers, raises $230M ahead of a planned IPO — - Investors include Kayne Anderson Rudnick, Whale Rock Capital — Insurance software maker announced filing last year for IPO — Duck Creek Technologies … | FinSMEs: |
Boston-based Appfire, which has over 60 apps used by enterprises to enhance collaboration tools like Atlassian's Jira and Confluence, raises $49M — Appfire, a Boston, MA-based provider of apps for software development teams, raised $49M in strategic funding. — Silversmith Capital Partners made the investment.Sponsor Posts
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