| Ari Levy / CNBC: |
Coinbase shares close at $328.28, valuing the company at $85.78B, down from its open of $381; Nasdaq listed shares at $250 before Wednesday's open — - Coinbase's market cap exceeded $100 billion after its debut Wednesday morning on the Nasdaq, though the stock fell later in the day.| Karissa Bell / Engadget: |
Twitter says it will study any “unintentional harms” caused by its algorithms and will make the findings public as part of its Responsible ML Initiative — new plan to study the fairness of its algorithms. As part of the effort, which the company has dubbed the … | Ryan Mac / @rmac18: |
| Natasha Lomas / TechCrunch: |
Ireland's Data Protection Commission says it is investigating Facebook's data leak that recently resulted in personal info of 533M accounts being posted online — Facebook's lead data supervisor in the European Union has opened an investigation into whether the tech giant violated data protection rules vis … | Kirsten Han / Rest of World: |
A man was fined ~$100,000 in Singapore last month for sharing a Facebook link ruled as defamation against the Prime Minister, setting a dangerous precedent — Leong Sze Hian was fined almost $100,000 for sharing a Facebook link ruled as defamation against the prime minister. It sets a dangerous precedent.| Bloomberg: |
Profile of 23-year-old Nick Lim, who founded Vancouver-based VanwaTech, a hosting provider for white supremacist websites like Daily Stormer and 8kun — Two and a half months before extremists invaded the U.S. Capitol, the far-right wing of the internet suffered a brief collapse.| Abner Li / 9to5Google: |
Google announces Assistant updates, including helping find misplaced iPhones, even those in silent mode, and improvements to online food ordering checkout — Google today announced a handful of new Assistant features, while making others more widely available.| Natalie Gagliordi / ZDNet: |
Dell to spin off its stake in VMware and use the proceeds of $9.3B-$9.7B to pay down Dell's debt, expecting to close the deal in Q4; Dell stock up 8%+ — Dell sees the spin-off as a way to give each company more strategic flexibility and improve capital structure efficiencies … | Amy Feldman / Forbes: |
Benchling, which provides cloud-based software to manage biotech R&D, raises $200M led by Sequoia Capital Global Equities at $4B valuation, 5x its value in May — Sajith Wickramasekara was just 24 when he made the cut for the Forbes 30 Under 30 list for his biotech R&D startup, Benchling.| Ashley Carman / The Verge: |
Some Clubhouse power users discuss the app's problems with scammers, moderation issues, stolen jokes, copied room concepts, celebrity imposters, and more — Fake laughs, imposters, and scams — behind the invite-only audio app's most obsessive users — For the first time since the pandemic started … | Financial Times: |
KKR-backed mobile gaming company AppLovin, which operates more than 200 games, raises $1.8B in its IPO, giving it a market capitalization of $28.6B — KKR-backed company to make Nasdaq debut on Thursday — AppLovin, the mobile games company that owns hits such as a Matchington Mansion and Wordscapes … | Terry Nguyen / Vox: |
Some Instagram accounts, such as NextShark, increasingly document incidents of anti-Asian violence that some say spurs a relentless cycle of aggregated trauma — Asian news sites like NextShark brought attention to anti-Asian racism — at the cost of circulating graphic imagery. — SHARE All sharing options| Taylor Soper / GeekWire: |
Seeq, a data analytics startup focused on the manufacturing industry, raises $50M Series C led by Insight Partners, bringing its total raise to ~$115M — New funding: Seattle startup Seeq raised $50 million in a Series C round. — Seeq's software: Founded in 2012, Seeq's analytics software … | Chance Miller / 9to5Mac: |
Parallels releases Desktop 16.5 with native Apple Silicon support, letting users run Windows 10 ARM Insider Preview on M1 Macs, and touts improved performance — M1 Mac users now have a new way to virtualize Windows on their machines. Parallels has officially released Parallels Desktop 16.5 today … | Sarah Perez / TechCrunch: |
Instagram says it is running a small global test to let users toggle Like counts on or off on their own or others' posts; Facebook will run a similar test — Instagram today will begin a new test around hiding Like counts on users' posts, following its experiments in this area which first began in 2019.| Michael Sheetz / CNBC: |
Astranis, which is developing small, low-cost satellites to provide broadband internet, raises $250M Series C at a $1.4B valuation led by BlackRock — - Astranis, a San Francisco-based company with an alternative approach to providing internet access from satellites, closed new funding to ramp up production.| Nick Statt / The Verge: |
Customers describe unhappiness with Apple contractor Phobio's handling of trade-ins, with quotes for devices slashed for alleged “defects” after being sent in — When Daniel McGloin decided to trade in his mid-2017 Apple MacBook in February of this year, he thought he was getting a pretty good deal.| Andrew J. Hawkins / The Verge: |
Ford unveils BlueCruise, its “hands-free” advanced driver assist system, limited for use on 100,000 miles of highways, coming to 2021 F-150 and Mach-E in 2021 — They blue it up — Ford has a name for its “hands-free” advanced driver assist system (ADAS): BlueCruise.| Chris Welch / The Verge: |
Amazon unveils second-gen Echo Buds with a 20% smaller design and enhanced noise cancellation for $120 or $140 with a wireless charging case — The second-gen Echo Buds are 20 percent smaller and priced very aggressively — Amazon is today introducing its second-generation pair of Echo Buds.| David Sali / Ottawa Business Journal: |
Internal memo: three high-ranking Shopify executives, the chief technology officer, chief talent officer, and chief legal officer, are leaving in June — Three of Shopify's highest-ranking executives are leaving the Ottawa-based e-commerce giant, OBJ has learned.| New York Times: |
Hundreds of executives and companies, including Alphabet, Apple, Facebook, and Amazon, sign a statement opposing “any discriminatory legislation” around voting — Amazon, Google, G.M. and Starbucks were among those joining the biggest show of solidarity by businesses over legislation in numerous states.
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