Techmeme
May 4, 2021, 12:35 PM

Top News

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 …
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.
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.
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 …
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 …
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” …
Stephen Shankland / CNET:
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 …
Eric Slivka / MacRumors:
Apple releases iOS 14.5.1, watchOS 7.4.1, and macOS Big Sur 11.3.1 with security fixes for flaws in WebKit that Apple says were being actively exploited  —  Alongside iOS 14.5.1 and watchOS 7.4.1, Apple today also released macOS Big Sur 11.3.1, which the company says “provides important security updates”.
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 …
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.

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Featured Podcasts

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OpenAI's User Growth Miss, Musk vs. Altman, Prediction Market Ban
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The Upstarts Podcast:
Runway's Cris Valenzuela: Building The Hollywood-Friendly Video AI That OpenAI Couldn't
Veteran tech reporter Alex Konrad sits down with breakout entrepreneurs taking on the status quo to shake up their fields in AI, design, nuclear energy, space, and more.
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Hard Fork:
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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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Earlier Picks

Katie Canales / Insider:
Jeff Grubb / VentureBeat:
Sarah Perez / TechCrunch:
CNN:
Kim Lyons / The Verge: