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May 20, 2021, 8:05 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:
ZDNet, The Information, Gizmodo, TechCrunch, TechNode, Silicon Republic, CNBC, Fortune, Financial Times, Synced, The Verge, BBC, Forbes, Firstpost Tech, Financial Times, Wall Street Journal, Insider, Variety, and Hollywood Reporter
Tweets: @jim_edwards, @techinsider, @mhbergen, @loudmouthjulia, @ruima, @pelstrom, @matthuang, @kennedycsis, @kenli729, @juliey4, and @sairee
| 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:
Microsoft Tech Community, Windows Experience Blog, Forbes, Laptop Mag, BetaNews, Android Police, Pureinfotech, The Register, Neowin, Tom's Guide, BGR India, ZDNet, and PC Gamer
Tweets: @kathy_darling, @stevefaulkner, @eclecticbrotha, @darianrosebrook, @brendanjharkin, @leighanoisgocua, @newschambers, @berendjanwever, @wesbos, @destiny_thememe, @drgonzo123, @parissathena, @notameadow, @agiletortoise, @alekslopezmsft, @walrus_9000, @discordiankitty, @animatedgeoff, @film_girl, @jasonmcminn, @swiftonsecurity, @zhugeex, @danprimack, @kennethn, @martinsfp, @maxkriegervg, 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, International Business Times, Laptop Mag, MacRumors, Pocketnow, BGR, t3.com, TNW, Patently Apple, MUO, and Daring Fireball
Tweets: @reneritchie, @tim_cook, @jioriku, @sdw, @parkerortolani, @justmedevin, @chrismessina, @twostraws, @pranavdixit, @benbajarin, @charlie_lner, @stevemoser, @jamesrath, @kfury, @gregjoz, @samifathi_, @9to5mac, @gavkar, @_inside, @sdw, @chrismessina, @filipeesposito, @edent, @viticci, @stroughtonsmith, @stroughtonsmith, @benedictevans, @iansherr, and @reneritchie
| 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.
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9to5Mac, Forbes, Bloomberg, Patently Apple, Protocol, Ubergizmo, Loup Ventures, The Register, Laptop Mag, and iMore
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
| Mark Gurman / Bloomberg: |
An App Store exec testified that Apple made $100M+ from Fortnite commissions between 2018 and its removal in 2020; Sensor Tower says Apple made closer to $354M — Apple Inc. generated more than $100 million in revenue from commissions collected from offering Fortnite on the App Store …
More:
iThinkDifferent, WRAL TechWire, Coinspeaker, and iMore
Tweets: @markgurman, @gruber, and @markgurman
| 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, and arXiv.org
| 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, The Register, The Daily Dot, Associated Press, and Wall Street Journal
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 …
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Pressroom, AppleInsider, androidauthority.com, techadvisor.com, Pocketnow, Wall Street Journal, Variety, Cord Cutters News, and Adweek
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:
FinSMEs, Balderton Capital, Tech.eu, Silicon Republic, and PhocusWire
| 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, Forbes, and Social Media Today
Tweets: @evelyndouek, @puzzlesthewill, @campuscodi, @schrep, @davegillis, @guyro, @_andyburrows, @guyro, @guyro, and @issielapowsky
| 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 … | 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:
Protocol, New York Post, and Reclaim The Net
Tweets: @craigsilverman, @chafkin, @mediaevan, @donie, @wsj, @keachhagey, @mr_bellis, @craigsilverman, and @craigsilverman
| 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:
Reuters, MarketWatch, 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
| Ingrid Lunden / TechCrunch: |
Berlin-based Trade Republic, a zero-commission “neo-broker” app, raises $900M Series C led by Sequoia at a $5.3B valuation — Consumers are moving into investing to complement — or in some cases, offset — less good returns from things like traditional savings accounts … | 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, Cisco, CNBC, Bloomberg, SiliconANGLE, TheStreet, Barron's Online, MarketWatch, Investor's Business Daily, CRN, and Financial Times
Tweets: @zkerravala and @patrickmoorhead
| 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:
Reuters, JD.Com, Inc., and Investor's Business Daily
| 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.| 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.| 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
| Michael Simon / Macworld: |
Android 12 offers new privacy protections including a Privacy Dashboard, mic and camera access toggles in Quick Settings, but stops short of Apple's ATT — On Tuesday, Google unveiled the highlights of Android 12, which will land on the Pixel and other Android phones this fall.
More:
XDA Developers, The Guardian, Fast Company, Android Police, and Wired
Tweets: @session_app, @samthegeek, and @joewestby
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