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May 4, 2021, 10:25 AM
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| Mitchell Clark / The Verge: |
Court docs: Epic's total gross revenue was $5.6B in 2018 and $4.2B in 2019, with the vast majority of revenue coming from Fortnite — New financial figures were revealed as part of Epic Games' antitrust case against Apple — After a meteoric rise to popularity in 2018 … | Chance Miller / 9to5Mac: |
Epic vs. Apple trial begins with Epic attacking the App Store's “walled garden”, arguing Apple's 30% cut is monopolistic; Apple argues 30% is standard practice — Today marked the beginning of the highly-anticipated Apple vs. Epic trial, and things kicked off with both companies presenting their opening statements.
More:
The Verge, Bloomberg, GamesIndustry.biz, MacRumors, iMore, CNBC, Ars Technica, Axios, Vox, VentureBeat, SiliconANGLE, phonearena.com, AppleInsider, and Reuters
Tweets: @nickstatt, @tomwarren, @kifleswing, @patrickmcgee_, @johnmarknewman, @patrickmcgee_, @colincornaby, @eringriffith, @kifleswing, @eringriffith, @eringriffith, @pkafka, @zittrain, @patrickmcgee_, @kifleswing, @jacobwolf, @thedextriarchy, @kifleswing, @thedextriarchy, @iansherr, @chrismlacy, @thedextriarchy, @eringriffith, @thedextriarchy, @ronamadeo, @rjonesy, @cstar_ow, @kifleswing, @snazzyq, @reckless, @eringriffith, @thedextriarchy, @benbajarin, @tomwarren, @thedextriarchy, @iansherr, @mattocko, @iansherr, @eringriffith, @thedextriarchy, @stephennellis, @reckless, @nickstatt, @lauren_feiner, @nickstatt, @patrickmcgee_, @eringriffith, @nickstatt, @iansherr, @patrickmcgee_, @iansherr, @nickstatt, @patrickmcgee_, @patrickmcgee_, @willoremus, @reggie, @patrickmcgee_, @patrickmcgee_, @patrickmcgee_, @gamoid, @jakesucky, @thedextriarchy, @gamoid, @iansherr, @iansherr, @eringriffith, @thedextriarchy, @thedextriarchy, @thedextriarchy, @iansherr, @thedextriarchy, @iansherr, @nickstatt, @iansherr, @eringriffith, @benbajarin, @benbajarin, @iansherr, @iansherr, @eringriffith, @eringriffith, @iansherr, and @tomwarren
| Mark Gurman / Bloomberg: |
| Casey Newton / The Verge: |
Basecamp employees detail an all-hands that led to resignations, including the head of strategy, who questioned the existence of white supremacy at the company — I. — At 8AM PT on Friday, a bleary-eyed Basecamp CEO Jason Fried gathered his remote workforce together on Zoom to apologize.
More:
Wall Street Journal. Tweets: @engineering_bae, @briannawu, @mattetti, @karenmcgrane, @monteiro, @s_m_i, @reckless, @amyhoy, @brosandprose, @mtaibbi, @beijingdou, @carnage4life, @juliaangelenpr, @emilygorcenski, @_danilo, @cindygallop, @thedextriarchy, @lhfang, and @kvlly
| Dieter Bohn / The Verge: |
Twitter buys Scroll, the $5/month service that removes ads from partner news sites; Scroll's Nuzzel email service will shut down on May 6 — The Nuzzel email service is winding down and the future of Scroll is uncertain — Twitter's acquisition spree continues today with Scroll …
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Nuzzel Blog, Twitter, TechCrunch, Scroll Blog, CNN, Bloomberg, 9to5Mac, CNET, Vox, and Axios
Tweets: @arctictony, @mep, @jowens510, @craigsilverman, @walldo, @alexjamesfitz, @martinsfp, @mep, @mathewi, @loudmouthjulia, @jeffjarvis, @modestproposal1, @dabeard, @mattnavarra, @anildash, @mayarodale, @joshsternberg, @raju, @rasmus_kleis, @jaycodon, @wuebben, @jeffjarvis, @mathewi, @elliotturn, @arctictony, @arctictony, @arctictony, @arctictony, @arctictony, @arctictony, @anthony, @reckless, @caseynewton, @mep, @tryscroll, @tryscroll, @mep, @sarafischer, @sarafischer, and @tryscroll
| Rupert Neate / The Guardian: |
Filing: Amazon had sales of €44B in Europe in 2020, but reported a €1.2B loss and therefore paid no corporate tax — Despite lockdown surge the firm's Luxembourg unit made a €1.2bn loss and therefore paid zero corporation tax — Fresh questions have been raised …
More:
The Irish Times. Tweets: @margarethodge, @dresserman, @carolinepennock, @carolinelucas, and @yanisvaroufakis
| Sarah McBride / Bloomberg: |
Justin Zhu, former Iterable CEO ousted for taking LSD before a meeting, on his disputes with key investors and the challenges of being Chinese in Silicon Valley — Justin Zhu, chief executive officer of digital marketing startup Iterable Inc., was walking down Broadway in San Francisco …
Tweets: @ellenhuet, @chris_skinner, @jfberke, @markmilian, @kateclarktweets, @garrytan, @coolgrey, @stevegraham, @hkanji, @keegan_hamilton, and @curtisschin
| Sarah Perez / TechCrunch: |
Twitter opens Spaces, its live audio feature, to anyone with 600+ followers and details plans for Ticketed Spaces, reminders, co-hosting, accessibility, more — Twitter Spaces, the company's new live audio rooms feature, is opening up more broadly. The company announced today it's making …
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Twitter, PCMag, 9to5Google, Engadget, BGR India, Android Headlines, SiliconANGLE, MUO, TNW, iMore, TechRadar, SlashGear, Input, and CNBC
Tweets: @twitterspaces, @twitterspaces, @twitterspaces, @immak02, @thauburger, @thecosby, @mariosundar, @iwillleavenow, @nixgeek, @greencapalot, @racheltobac, @greetinghimeros, @pearkes, @yashar, @mandmstravels, @chrismessina, @twitterspaces, @twitterspaces, @twitterspaces, @carnage4life, @larakate, @willoremus, @willoremus, @willoremus, @joshconstine, @quinnypig, @martinsfp, @carnage4life, @caseynewton, and @willoremus
| Reuters: |
Apple hires ex-Google AI scientist Samy Bengio, who left last month after colleagues' firings; sources say Bengio will lead a new AI unit under John Giannandrea — Apple Inc (AAPL.O) said on Monday it has hired former distinguished Google (GOOGL.O) scientist Samy Bengio …
More:
Cult of Mac, Engadget, TNW, iThinkDifferent, Ars Technica, iTnews, Neowin, and Philip Elmer‑DeWitt
Tweets: @peard33, @timnitgebru, and @9to5mac
| Ingrid Lunden / TechCrunch: |
Acronis, which provides data backup and protection services, raises $250M at a $2.5B+ valuation led by CVC — As cybersecurity continues to grow in profile amid an increasingly complex and dangerous landscape of malicious activity, a cyber security vendor that specializes in “all-in-one” …
More:
VentureBeat, Tech.eu, ZDNet, CRN, Acronis, Private Equity News, Channel Futures, Tech in Asia, and SecurityWeek. Thanks:@ingridlunden
| Stephen Shankland / CNET: |
Intel to invest $3.5B to upgrade its chipmaking plant in New Mexico, resulting in 700 new jobs over three years, as part of CEO Pat Gelsinger's turnaround plan — Intel on Monday plans to announce a $3.5 billion upgrade to a chip manufacturing plant in Rio Rancho, New Mexico.
Source:
Intel. More:
CBS News, AnandTech, Wccftech, and Tom's Hardware
Tweets: @at983, @gaborfari, @anandtech, @senatorlujan, and @stshank
| Alex Wilhelm / TechCrunch: |
WorkBoard, which develops software to help companies manage their corporate planning, raises $75M Series D led by SoftBank at a post-money valuation of $800M — This morning WorkBoard, a software startup that sells software designed to help other companies plan, announced that it has raised …
More:
FinSMEs and VentureBeat
| Kate Clark / The Information: |
PitchBook: the number of “inside rounds”, where only previous investors participate, rose to over 1,000 in 2020 with $30B invested, up 15% from 2019 — Venture capitalists may be getting too comfortable with marking up their own portfolios. — The number of inside rounds … | Katie Canales / Insider: |
SensorTower data shows Clubhouse was downloaded only about 900,000 times in April, down from 2.7M installs in March and from February's peak of 9.6M — - Clubhouse's 922,000 downloads in April is a dip from February when 9.6 million users installed it. — The audio app has enjoyed …
More:
9to5Mac, Silicon Republic, phonearena.com, Cult of Mac, SlashGear, and iMore
Tweets: @alexeheath, @tomwarren, and @alexeheath
| Steve Kovach / CNBC: |
Verizon says it will sell Yahoo and AOL to PE firm Apollo Global Management for $5B, keeping a 10% stake in the company, which will be rebranded as just “Yahoo” — - Verizon will sell its media group, which includes brands from AOL and Yahoo, to private equity firm Apollo Global Management.
More:
Verizon, Protocol, Engadget, Axios, Telecoms.com, Search Engine Roundtable, Nieman Lab, Washington Post, SlashGear, GSMArena.com, Associated Press, The Register, and The Information
Tweets: @megancgraham, @gregpinelo, @amykremer, @samstein, @zackwhittaker, @lexnfx, @lanceulanoff, @daltonc, @hblodget, @charlesarthur, @gurugk, @backlon, and @jackiereses
Sponsor Posts
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Big Technology Podcast:
OpenAI's User Growth Miss, Musk vs. Altman, Prediction Market Ban
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
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Training Data:
OpenAI's Greg Brockman: Why Human Attention Is the New Bottleneck
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The Upstarts Podcast:
Runway's Cris Valenzuela: Building The Hollywood-Friendly Video AI That OpenAI Couldn't
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Hard Fork:
OpenAI's Big Reset + A.I. in the Doctor's Office + Talkie, a pre-1930s LLM
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Tools and Weapons with Brad Smith:
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Microsoft Vice Chair and President Brad Smith speaks with leaders in government, business, and culture to explore the most critical challenges at the intersection of technology and society.
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