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May 20, 2021, 8:45 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, Financial Times, Fortune, Financial Times, Synced, BBC, The Verge, Firstpost Tech, Wall Street Journal, Forbes, Insider, Variety, and Hollywood Reporter
Tweets: @jim_edwards, @juliey4, @techinsider, @mhbergen, @loudmouthjulia, @ruima, @pelstrom, @matthuang, @kennedycsis, @kenli729, 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:
Windows Experience Blog, Microsoft Tech Community, Reuters, Forbes, Laptop Mag, BetaNews, Android Police, Pureinfotech, Neowin, BGR India, Tom's Guide, The Register, 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
| 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, Forbes, Patently Apple, Philip Elmer‑DeWitt, Bloomberg, Protocol, Ubergizmo, Loup Ventures, The Register, Laptop Mag, and iMore
Tweets: @thedextriarchy, @tomwarren, @leah_nylen, @markgurman, @joshuatopolsky, @nickstatt, @reckless, @drbarnard, @markgurman, @markgurman, @keleftheriou, @thedextriarchy, @thedextriarchy, @stephennellis, @stephennellis, @thedextriarchy, @markgurman, @backlon, @stephennellis, @keleftheriou, @hodapp, @nickstatt, @thedextriarchy, @hodapp, @thedextriarchy, and @stroughtonsmith. Thanks:@iansherr
| 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
| 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 … | 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:
Warner Media, AppleInsider, androidauthority.com, techadvisor.com, MUO, Pocketnow, Wall Street Journal, Variety, Cord Cutters News, and Adweek
Tweets: @alexweprin, @pkafka, and @rogerwcheng
| 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
| 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, Tech.eu, Silicon Republic, PhocusWire, and Balderton Capital
| 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 … | 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:
The Verge, TNW, Chromium Blog, Pixel Envy, gHacks Technology News, Phandroid, and Neowin
Tweets: @addyosmani, @nixcraft, @__apf__, @__apf__, @davatron5000, @pikhq, @everywheretrip, @scilib, @heygleeson, @ianvisits, @anildash, @waxy, @danfrakes, @jordanmoore, @xor, @ricmac, @jfruh, @chriscoyier, @beep, @techjournalist, @charlesarthur, @lmorchard, @corbindavenport, @johnkoetsier, @chrismessina, @aleyda, @davewiner, @bdsams, @googlechrome, @jamesonfleming, @gaberivera, @jeffnolan, @mhbergen, @anildash, and @louisgray
| 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 and New York Post
Tweets: @newley, @donie, @wsj, @chafkin, @craigsilverman, @keachhagey, @mr_bellis, @mediaevan, @craigsilverman, and @craigsilverman
| 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?| Dan Taylor / Tech.eu: |
London-based Cervest, which provides AI-based climate intelligence to help organizations manage climate risk, raises $30M Series A led by Draper Esprit — London's AI-powered climate intelligence platform Cervest has raised $30 million in a Series A round led by Draper Esprit.| 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 … | 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 — Tencent has lost roughly $200 billion in value since January
More:
Reuters and Financial Times
| 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 …
More:
Security Affairs
| 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
| 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, Financial Times, Cisco, CNBC, Bloomberg, SiliconANGLE, TheStreet, Barron's Online, MarketWatch, Investor's Business Daily, and CRN
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:
JD.Com, Inc. and Investor's Business Daily
| 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, 9to5Mac, International Business Times, Laptop Mag, MacRumors, Pocketnow, BGR, t3.com, TNW, and Patently Apple
Tweets: @reneritchie, @tim_cook, @jioriku, @sdw, @parkerortolani, @justmedevin, @chrismessina, @twostraws, @benbajarin, @charlie_lner, @stevemoser, @jamesrath, @kfury, @gregjoz, @samifathi_, @9to5mac, @gavkar, @_inside, @sdw, @chrismessina, @filipeesposito, @edent, @viticci, @pranavdixit, @stroughtonsmith, @stroughtonsmith, @benedictevans, @iansherr, and @reneritchie
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Introducing the sandbox environment: Safely test and optimize e-signature workflows — Changes are an inevitable part of any workflow. The average agreement workflow involves recipients across organizations …
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Hard Fork:
Anthropic's Cybersecurity Shock Wave + Ronan Farrow and Andrew Marantz on Their Sam Altman Investigation + One Good Thing
The future is already here. Each week, journalists Kevin Roose and Casey Newton explore and make sense of the latest in the rapidly changing world of tech.
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The Upstarts Podcast:
Decagon's Jesse Zhang: Closing Customer Service Doom Loops With AI Concierges
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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The Nick, Dick and Paul Show:
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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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