Techmeme
July 21, 2020, 12:45 PM

Top News

Apple:
Apple commits to be 100% carbon neutral across its entire business, manufacturing supply chain, and product life cycle by 2030  —  Already carbon neutral today for corporate emissions worldwide, the company plans to bring its entire carbon footprint to net zero 20 years sooner than IPCC targets
Sarah Perez / TechCrunch:
Spotify launches video podcasts worldwide, starting with select creators, letting free and paid users seamlessly move between the video and audio versions  —  Spotify today announced the global launch of video podcasts.  The new feature at launch will allow users, including both free users …
Supantha Mukherjee / Reuters:
LinkedIn says it will cut ~960 jobs, or 6% of its global workforce, as the pandemic is having a sustained impact on demand for its recruitment products  —  (Reuters) - Microsoft Corp's (MSFT.O) professional networking site LinkedIn said on Tuesday it would cut about 960 jobs …
Juli Clover / MacRumors:
Ahead of next week's antitrust hearing, sources say the committee spoke with Microsoft's Brad Smith on his concerns about how Apple operates its App Store  —  Apple CEO Tim Cook, Amazon CEO Jeff Bezos, Alphabet/Google CEO Sundar Pichai, and Facebook CEO Mark Zuckerberg are all set to participate …
Ranjan Roy / Margins:
A deep dive into how Robinhood makes money and how its UX design and algorithmic nudges can lead some inexperienced investors to undertake riskier trades  —  Don't be the gravy … For someone who clearly has strong opinions they enjoy communicating with others, investing occupies a weird place for me.
Ingrid Lunden / TechCrunch:
Norway-based classified ads publisher Adevinta acquires eBay's classifieds business unit in a $9.2B deal  —  Consolidation continues apace in the world of e-commerce, and today it was the turn of the classified ads market.  Today, eBay announced that it had reached a deal to sell off …
Macy Bayern / TechRepublic:
Linux Foundation announces an initiative to help public health officials battle COVID-19 and launches two COVID-19 tracker apps using Google and Apple's API  —  The project will use the Google Apple Exposure Notification system to support public health authority's testing, tracing, and isolation practices.
Bloomberg:
Home insurance tech startup Hippo raises $150M at a valuation of $1.5B; CEO says it's on track for $100M+ of revenue in the next year  —  - Dragoneer, Ribbit Capital joined $150 million funding round  — Insurance tech firm's CEO preparing for IPO next year

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