| Cade Metz / New York Times: |
Alphabet's DeepMind says it has solved the key “protein folding problem”, cutting the job down from months to hours, which could speed up drug discovery — Researchers at DeepMind say they have solved “the protein folding problem,” a task that has bedeviled scientists for more than 50 years.| Kurt Wagner / Bloomberg: |
Facebook says it has agreed to acquire Kustomer, which specializes in customer service tools and chatbots, reportedly for $1B+ — Facebook Inc. has acquired Kustomer Inc., a New York-based software company that helps businesses manage customer conversations from multiple services on one dashboard.| Todd Spangler / Variety: |
Ajit Pai, the Trump-appointed Republican chairman of the FCC, announces he will leave the agency on Jan. 20, when president-elect Joe Biden is sworn into office — Aji Pai, the Trump-appointed Republican chairman of the FCC, announced that he will leave the agency on Jan. 20, 2021, when president-elect Joe Biden is sworn into office.| Mark Gurman / Bloomberg: |
Apple hires Josh Elman, former VC at Greylock Partners and ex-VP of product at Robinhood, to work on app discovery at the App Store — Apple Inc. hired Josh Elman, a former venture capitalist at Greylock Partners who led early investments in Discord and the precursor to TikTok, to work on the App Store.| Lauren Feiner / CNBC: |
Sources: Salesforce's deal to buy Slack is expected to be announced on Tuesday after markets close; Salesforce reports Q3 earnings on Tuesday — - Salesforce's deal to buy Slack is expected to be announced Tuesday after markets close, sources told CNBC's David Faber.| Ingrid Lunden / TechCrunch: |
Gartner: global Q3 smartphone sales dropped 5.7% YoY to 366M; Samsung led with 80.8M units, Huawei fell 21% to 51.8M, and Xiaomi grew ~35% YoY, surpassing Apple — We are now into the all-important holiday sales period, and new numbers from Gartner point to some recovery underway … | Eric Geller / Politico: |
SCOTUS worries about CFAA's sweeping nature, with Justice Gorsuch saying that the US government's view of the law risks “making a federal criminal of us all” — The Supreme Court on Monday indicated serious reservations about the ambiguity and scope of the nation's only major cybercrime law … | Nathaniel Popper / New York Times: |
Bitcoin price sets a record, passing $19,783, with more investors seemingly in it for the long haul, unlike 2017's boom driven by Asian investors new to crypto — The crazy cousin of traditional currencies, which fell below $4,000 in March, passed $19,783. More investors now are buying it for the long term.| Ana Swanson / New York Times: |
Sources: Apple suggested edits to a draft of Uyghur Forced Labor Prevention Act, extending some deadlines, limiting release of some info to the public, and more — Business groups and major companies like Apple have been pressing Congress to alter legislation cracking down on imports of goods … | Tim Hardwick / MacRumors: |
Italy's antitrust watchdog fines Apple €10M for alleged misleading iPhone water resistance claims in its promotional messages — Apple has been slapped with a 10 million euro ($12 million) fine by Italy's antitrust watchdog for unfair commercial practices related to its iPhone marketing in the country.| Bloomberg: |
Sources: in its IPO this week, Airbnb will target a valuation of $30B-$33B, up from the expected $30B — - Firms target valuation increases amid end of year listing rush — Tech companies' fortunes diverged amid coronavirus pandemic — Airbnb Inc. and DoorDash Inc. will disclose higher … | Surojit Chatterjee / The Coinbase Blog: |
| Ingrid Lunden / TechCrunch: |
Cloud-based IT services company ServiceNow is acquiring Montreal-based Element AI, which helps companies use AI to improve operations — ServiceNow, the cloud-based IT services company, is making a significant acquisition today to fill out its longer-term strategy to be a big player … | Jordan Novet / CNBC: |
Zoom reports Q3 revenue of $777.2M, up 367% YoY, vs. $694M est., and customers with 10+ employees rose to ~433,700, up 485% YoY, higher than Q2's 355% growth — - Zoom beat expectations for third-quarter earnings and guidance for the quarter ahead. — The company now sees 329% … | Alex Konrad / Forbes: |
Vista Equity Partners is acquiring a majority stake in CRM startup Gainsight, valuing it at $1.1B; Gainsight says it's on pace to hit $100M in ARR this year — Covering venture capital, software and startups — Gainsight and CEO Nick Mehta spent the better part of a decade working to popularize … | John D. McKinnon / Wall Street Journal: |
Sources: US federal and state authorities are preparing as many as four antitrust cases targeting Facebook and Google by the end of January 2021 — Federal and state authorities, probing whether the tech giants abused their power in the internet economy, are preparing as many as four cases
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| Jessica Bursztynsky / CNBC: |
| Ars Technica: |
| Scott Pelley / CBS News: |
| Thomas Seal / Bloomberg: |