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May 20, 2021, 10:25 AM
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| Echo Wang / Reuters: |
ByteDance co-founder Zhang Yiming says he is stepping down as CEO to “daydream about what may be possible”; co-founder and HR head Liang Rubo will be new CEO — (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, Financial Times, TechCrunch, CNBC, The Information, Gizmodo, Silicon Republic, Wall Street Journal, BBC, The Verge, Fortune, Financial Times, Cult of Mac, Synced, Forbes, Insider, Firstpost Tech, The Economic Times, Variety, and Hollywood Reporter
Tweets: @juliey4, @carnage4life, @techinsider, @mhbergen, @loudmouthjulia, @jim_edwards, @matthuang, @kennedycsis, @ruima, @pelstrom, @kenli729, @mattgarrahan, and @sairee
| 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:
The Verge, The Verge, 9to5Mac, Threatpost, ZDNet, Forbes, Bloomberg, Patently Apple, Philip Elmer‑DeWitt, Protocol, The Register, Ubergizmo, Loup Ventures, Neowin, Laptop Mag, Cult of Mac, and iMore
Tweets: @thedextriarchy, @tomwarren, @leah_nylen, @markgurman, @markgurman, @keleftheriou, @thedextriarchy, @markgurman, @hodapp, @drbarnard, @markgurman, @thedextriarchy, @thedextriarchy, @keleftheriou, @hodapp, @nickstatt, @thedextriarchy, @thedextriarchy, @nickstatt, @stephennellis, @stephennellis, @stephennellis, @joshuatopolsky, @reckless, @backlon, and @stroughtonsmith. Thanks:@iansherr
| 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 … | Jason Rosenthal / The Keyword: |
Google is opening its first ever physical retail store in New York this summer, letting users buy Pixel phones, Nest products, Fitbit devices, more — Today, we're announcing our plans to open Google's first ever physical retail store, in one of the greatest cities in the world: New York.
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9to5Google, The Verge, PCMag, CNET, CNBC, Android Headlines, and Android Central
Tweets: @asymco, @sapna, @psawers, and @kent_walker
| Paul Sawers / VentureBeat: |
Pitch, which develops collaborative presentation software, raises $85M Series B led by Lakestar and Tiger Global — Elevate your enterprise data technology and strategy at Transform 2021. — Collaborative presentation platform Pitch today announced it has raised $85 million in a series B round …
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TechCrunch, Reuters, FinSMEs, Tech.eu, and Pitch
| Sara Morrison / Vox: |
A host on “safety alerts” app Citizen falsely accused a man of arson in CA in a broadcast sent to ~860K users, offering $30K for info; Citizen admits mistake — The public safety app's new feature accidentally harked back to its Vigilante roots.| 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, VICE, Reuters, Engadget, The Register, The Daily Dot, Associated Press, and Wall Street Journal
Tweets: @rstephens, @neil_chilson, and @agtoddrokita
| Jacob Krol / CNN: |
Apple TV 4K (2021) review: faster than competition and the new Siri Remote is very good with an easy to use click wheel and power button, but is very expensive — Like the refresh of the iPad Pros, the updates to the Apple TV 4K are all internal, namely new hardware that leads to an overall speedier experience.
More:
ZDNet, Stacey on IoT, MacRumors, 9to5Mac, MacRumors, TechRadar, independent, and Pocket-lint. Tweets: @reneritchie
| Sarah Perez / TechCrunch: |
TikTok launches tools to allow creators to bulk delete comments and block users — TikTok today is introducing a feature that will allow creators to deal with online abuse in an easier way. The company is launching new tools that will allow creators to bulk delete comments and block users … | Mike Butcher / TechCrunch: |
Uncapped, which offers upfront financing to digital companies for a flat fee, raises $80M combined debt and equity round led by Lakestar — Buzzy US startup Pipe — which claims to be the “Nasdaq for revenue” — has just raised $250 million at a $2 billion valuation? The secret for the hype?| 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.
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Microsoft Tech Community, HotHardware.com News, USA Today, International Business Times, TechCrunch, Forbes, Laptop Mag, BetaNews, Android Police, Pureinfotech, CNET, Tom's Guide, BGR India, The Register, Neowin, PC Gamer, and ZDNet
Tweets: @zackwhittaker, @ifsecure, @zackwhittaker, @kathy_darling, @firefox, @stevefaulkner, @eclecticbrotha, @leighanoisgocua, @parissathena, @alekslopezmsft, @jasonmcminn, @darianrosebrook, @brendanjharkin, @newschambers, @berendjanwever, @wesbos, @destiny_thememe, @notameadow, @agiletortoise, @walrus_9000, @discordiankitty, @animatedgeoff, @film_girl, @drgonzo123, @swiftonsecurity, @zhugeex, @danprimack, @kennethn, @martinsfp, @maxkriegervg, and @tomwarren
| 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, @_andyburrows, @campuscodi, @schrep, @davegillis, @puzzlesthewill, @guyro, @guyro, @guyro, and @issielapowsky
| Kyle Wiggers / VentureBeat: |
Immuta, which provides a cloud-native data governance software, raises $90M Series D, bringing its total raised to $169M — Elevate your enterprise data technology and strategy at Transform 2021. — Immuta, which provides a cloud-native data governance platform for organizations … | 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, EU-Startups, Silicon Republic, PhocusWire, Tech.eu, and Balderton Capital
| Mary Ann Azevedo / TechCrunch: |
Privacy.com, which offers APIs to issue virtual credit cards, rebrands as Lithic and raises $43M Series B led by Bessemer Venture Partners — When Privacy.com was founded in 2014, the company's focus was to let anyone generate virtual and disposable payment card numbers for free.| Natasha Mascarenhas / TechCrunch: |
Maven, which helps professionals teach cohort-based classes, has raised $20M Series A led by Andreessen Horowitz — Maven, a startup that helps professionals teach cohort-based classes, has raised $20 million in a Series A round led by Andreessen Horowitz.
Tweets: @nmasc_, @apompliano, and @romeensheth
| 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.
Tweets: @jrichlive and @jeffnolan
| Ingrid Lunden / TechCrunch: |
Dooly, which builds AI-based tools to automate sales workflows, raises $80M Series B led by Spark Capital, sources say at a $300M+ valuation — Salespeople have more tools than ever these days to help them with their work, whether they are tools to source new leads, keep those leads interested … | 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:
Thurrott, AppleInsider, androidauthority.com, techadvisor.com, MUO, Wall Street Journal, Pocketnow, Variety, Pressroom, Cord Cutters News, and Adweek
Tweets: @pkafka, @alexweprin, and @rogerwcheng
| Zheping Huang / Bloomberg: |
Tencent reports Q1 revenue of $21B, up 25% YoY, and profit of $7.42B, up 65% YoY; online gaming revenue rose 17% YoY; fintech and cloud revenue up 47% YoY — - Tech giant pledges to invest a portion of incremental profits — Compliance with fintech rules will be “relatively manageable”
More:
Wall Street Journal, Financial Times, and Reuters
| 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:
Fortune, Protocol, and New York Post
Tweets: @newley, @donie, @wsj, @chafkin, @craigsilverman, @keachhagey, @mr_bellis, @craigsilverman, @mediaevan, and @craigsilverman
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