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May 20, 2021, 7:00 AM
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| Echo Wang / Reuters: |
Zhang Yiming, co-founder of ByteDance, says he is stepping down as CEO and will be succeeded by another co-founder Rubo Liang, current head of human resources — (Reuters) -Zhang Yiming, co-founder of TikTok owner ByteDance, told employees of the Chinese technology giant in a memo …
Source:
ByteDance and Reuters. More:
TechCrunch, The Verge, BBC, CNBC, Forbes, Firstpost Tech, Financial Times, Wall Street Journal, Insider, Variety, and Hollywood Reporter
Tweets: @techinsider, @mhbergen, @loudmouthjulia, @ruima, @pelstrom, @matthuang, @kennedycsis, @kenli729, @juliey4, and @sairee
| CNBC: |
Bitcoin fell 30% to just over $30K on Wednesday, recovering partially to $38K; Ether, Dogecoin, and others also plunged — Galaxy Digital's Novogratz on bitcoin's plunge: These are setbacks for investor base — Bitcoin plunged to near $30,000 at one point on Wednesday morning …
More:
The Guardian, Reuters, Politico, BBC, Bloomberg, Forbes, CNN, Protocol, CoinDesk, Reuters, SiliconANGLE, CoinGeek, Observer, and CNET
Tweets: @elonmusk, @binance, @michael_saylor, @coinbasesupport, @thestalwart, @noelleinmadrid, @coinbasesupport, @thestalwart, @zerohedge, @beffernieblack, @johnauthers, @atifrmian, @zay_trader, @danprimack, @unreformedanon, @grady_booch, @bopinion, @thestalwart, @alexhern, @neilcybart, @jonerlichman, @levie, @thestalwart, and @nic__carter
| Ian Sherr / CNET: |
During the Epic trial, Craig Federighi says malware on macOS has reached an “unacceptable” level and the problem is “significantly larger” than iOS — Apple's head of software engineering, Craig Federighi, said malware on Macs have hit “unacceptable” levels.
More:
9to5Mac, The Verge, CNBC, Protocol, Laptop Mag, Cult of Mac, Neowin, Ubergizmo, Livemint, Loup Ventures, The Register, iMore, Engadget, and AppleInsider
Tweets: @thedextriarchy, @tomwarren, @leah_nylen, @markgurman, @joshuatopolsky, @nickstatt, @reckless, @drbarnard, @stroughtonsmith, @markgurman, @markgurman, @keleftheriou, @thedextriarchy, @thedextriarchy, @stephennellis, @stephennellis, @thedextriarchy, @markgurman, @backlon, @stephennellis, @keleftheriou, @hodapp, @nickstatt, @thedextriarchy, @hodapp, and @thedextriarchy. Thanks:@iansherr
| Tom Warren / The Verge: |
Microsoft says it is finally retiring Internet Explorer on June 15, 2022, after more than 25 years, in favor of Edge — Internet Explorer will no longer be supported in June 2022 — Microsoft is finally retiring Internet Explorer next year, after more than 25 years.
More:
Windows Experience Blog, The Register, Neowin, Tom's Guide, ZDNet, PC Gamer, BGR India, TechRadar, and Pocketables
Tweets: @berendjanwever, @kathy_darling, @stevefaulkner, @eclecticbrotha, @darianrosebrook, @brendanjharkin, @leighanoisgocua, @danprimack, @newschambers, @wesbos, @kennethn, @destiny_thememe, @drgonzo123, @zhugeex, @parissathena, @swiftonsecurity, @notameadow, @agiletortoise, @alekslopezmsft, @walrus_9000, @martinsfp, @discordiankitty, @animatedgeoff, @film_girl, @maxkriegervg, @jasonmcminn, and @tomwarren
| Juli Clover / MacRumors: |
Apple announces accessibility features, including background sounds to help maintain focus and calm, AssistiveTouch for Apple Watch, and iPad eye-tracking — Apple today announced the upcoming launch of several new accessibility features that are being added to its various products and services.
More:
Apple, MacRumors, iThinkDifferent, TNW, Mashable, t3.com, Patently Apple, MUO, and Daring Fireball
Tweets: @reneritchie, @tim_cook, @edent, @parkerortolani, @samifathi_, @jioriku, @sdw, @iansherr, @justmedevin, @chrismessina, @twostraws, @pranavdixit, @benbajarin, @charlie_lner, @stevemoser, @jamesrath, @reneritchie, @kfury, @gregjoz, @stroughtonsmith, @9to5mac, @gavkar, @_inside, @sdw, @chrismessina, @filipeesposito, @stroughtonsmith, @viticci, and @benedictevans
| Rumman Chowdhury / Twitter: |
Twitter shares the results from an investigation into bias within the image cropping algorithm it used to employ, finding it favored white people and women — In October 2020, we heard feedback from people on Twitter that our image cropping algorithm didn't serve all people equitably.
More:
CNN, Protocol, ZDNet, SiliconANGLE, The Register, The Verge, and Social Media Today
| Rebecca Klar / The Hill: |
FTC and six state AGs sue internet service provider Frontier for allegedly providing slower internet speeds than promised to 1.3M DSL customers across 25 states — Frontier Communications is accused of misrepresenting internet speeds it advertised and charged for, according to a lawsuit filed Wednesday …
More:
Federal Trade Commission, Reuters, Engadget, Wall Street Journal, The Register, The Daily Dot, and Associated Press
Tweets: @rstephens, @agtoddrokita, and @neil_chilson
| Joan E. Solsman / CNET: |
WarnerMedia says HBO Max's cheaper, ad-supported tier will cost $10 per month and launch in the first week of June — HBO Max's cheaper, ad-supported tier will cost $10 a month and launch in the first week of June, WarnerMedia said Wednesday. It'll come the week after — possibly just days after …
More:
Pressroom, Variety, Cord Cutters News, Adweek, Pocket-lint, Engadget, Collider, FierceVideo, Wall Street Journal, Broadcasting Cable, The Week, and MediaPost
Tweets: @alexweprin, @pkafka, and @rogerwcheng
| Ingrid Lunden / TechCrunch: |
Paris-based app-only car rental startup Virtuo raises $60M Series C led by AXA Venture Partners and an additional $36M in asset financing — Car ownership has become pricey and untenable in many towns and cities in Europe: between congestion charges to reduce emissions, parking fees …
More:
Silicon Republic, Balderton Capital, Tech.eu, and PhocusWire
| Keach Hagey / Wall Street Journal: |
Right-wing video platform Rumble says it has raised an undisclosed amount from Peter Thiel, J.D. Vance, and others; sources say Rumble is valued at ~$500M — Backing from conservative venture capitalists comes amid push for alternative social-media channels with looser rules on speech
More:
New York Post, Reclaim The Net, and The Hill
Tweets: @wsj, @craigsilverman, @chafkin, @mediaevan, @donie, @keachhagey, @mr_bellis, @craigsilverman, and @craigsilverman
| David Cohen / Adweek: |
Facebook launches a new Transparency Center, a site for info on its policies to tackle hate speech, says it now removes 97% of hate speech before it's reported — Facebook introduced its new Transparency Center Wednesday, billing it as a single destination for information on its integrity and transparency efforts.
More:
Facebook Transparency Center and Social Media Today
Tweets: @evelyndouek, @campuscodi, @schrep, @davegillis, @guyro, @guyro, @guyro, @_andyburrows, and @issielapowsky
| Bloomberg: |
Squarespace stock closed down ~9% at $43.65, after opening at $48 per share, valuing the company at ~$5.9B, well below its $10B valuation in March — - Firm is first major direct listing to close below guide price — Listing comes on third day of losses on U.S. exchanges
More:
MarketWatch, Reuters, CNBC, and SiliconANGLE
Tweets: @indexventures, @kantrowitz, @ev, @jasonlk, and @acasalena
| Jeff Stone / CyberScoop: |
Federal judge sentences a Russian citizen, extradited to the US in March 2019, to five years in prison for stealing $1.5M in targeted hacks of US tax preparers — A U.S. federal judge on Wednesday sentenced a Russian man to five years in prison for his role in a scheme to use malicious software …
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Security Affairs
| Stephanie Condon / ZDNet: |
Cisco reports Q3 revenue of $12.8B, up 7% YoY, with Security revenue up 13% YoY to $876M and Infrastructure Platforms revenue up 6% YoY to $6.8B; stock down 5%+ — The company's third quarter results were slightly ahead of market estimates, with growth across categories.
More:
Gartner, PR Newswire, CNBC, Bloomberg, SiliconANGLE, TheStreet, Barron's Online, MarketWatch, Investor's Business Daily, CRN, and Financial Times. Tweets: @zkerravala
| Reuters: |
JD.com reports Q1 revenue of $31.57B, up 39% YoY, beating market expectations as COVID-19 boost in domestic e-commerce sector persisted — China's JD.com Inc's first-quarter revenue beat Wall Street estimates on Wednesday, as growth remained robust in the domestic e-commerce sector following the COVID-19 pandemic.
More:
JD.Com, Inc. and Investor's Business Daily
| Katie Jennings / Forbes: |
Wheel, which provides tools enabling health providers or employers to offer telehealth services, raises $50M Series B led by Lightspeed Venture Partners — I am a staff writer covering healthcare. Email me at kjennings@forbes.com. — Wheel is healthcare's answer to the gig economy.
Tweets: @forbesunder30
| Bloomberg: |
Cloud-based construction software company Procore prices its NYSE IPO at $67 per share, above its target range, raising $634.5M and giving it a $8.5B valuation — Procore Technologies Inc., a cloud-based construction software company, priced its shares in an initial public offering above a marketed range to raise $634.5 million.| Abner Li / 9to5Google: |
Google is testing a “Follow” button in Chrome for sites that support RSS, with content appearing in the New Tab page, initially with Chrome Canary users — Web browsers used to feature feed aggregators, but those built-in capabilities have since been phased out.
More:
Chromium Blog, TNW, Pixel Envy, Phandroid, Neowin, and Android Police
Tweets: @addyosmani, @__apf__, @__apf__, @davatron5000, @pikhq, @chrismessina, @johnkoetsier, @everywheretrip, @lmorchard, @scilib, @aleyda, @heygleeson, @ianvisits, @anildash, @waxy, @danfrakes, @jordanmoore, @corbindavenport, @xor, @ricmac, @jfruh, @chriscoyier, @beep, @techjournalist, @charlesarthur, @davewiner, @bdsams, @googlechrome, @jamesonfleming, @gaberivera, @jeffnolan, @mhbergen, @anildash, and @louisgray
| Olivia Little / Media Matters for America: |
TikTok's recommendation algorithm appears to be promoting anti-LGBTQ videos, some of which encourage targeted anti-trans violence — TikTok's recommendation algorithm appears to be circulating blatantly anti-LGBTQ videos, some of which encourage targeted violence.| Steven Levy / Wired: |
Q&A with Google SVP Prabhakar Raghavan, who runs Search, Assistant, Ads, Commerce, and Payments, on cookie tracking, Google's culture shift, AI ethics, and more — In his first interview since taking a top job, Raghavan gets into the future of search, misinformation, employee ferment, and robots making phone calls.Sponsor Posts
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