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May 26, 2021, 6:00 PM
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| Annie Palmer / CNBC: |
Amazon says it will acquire MGM Studios for $8.45B, its second-largest acquisition since it paid $13.7B for Whole Foods in 2017 — - Amazon is buying MGM Studios, the companies announced, marking Amazon's most ambitious move yet into the entertainment business.
More:
The Verge, Axios, TechCrunch, Variety, Bloomberg, ZDNet, VICE, CNN, Business Wire, New York Times, Tom's Guide, Ars Technica, SiliconANGLE, Variety, Wall Street Journal, The Hollywood Reporter, Seattle Business Journal, IGN, thegamer.com, IGN India, The Streamable, Engadget, BGR, PYMNTS.com, Insider, 9to5Mac, Telecoms.com, PCMag, SlashGear, Wired, TechRadar, and AppleInsider
Tweets: @bradstone, @davidcicilline, @hawleymo, @harrymccracken, @mattmcgee, @snazzyq, @zlurie, @dannysullivan, @geronimo_73, @lanceulanoff, @toddbishop, @ourand_sbj, @zephyrteachout, @a_webster, @brianstelter, @levynews, @rustybrick, @quinnypig, @jeremyhobson, @dorseyshaw, @thedomino, @levie, @andybeard, @richardlai, @sonnybunch, @repkenbuck, @shiraovide, @erikdavis, @loudmouthjulia, @caseynewton, @kcoxdc, @jonerlichman, @carnage4life, @shiraovide, @digitalshields, and @markdistef
| Peter Kafka / Vox: |
With its MGM acquisition, Amazon doesn't want to compete with streamers like Netflix but reduce Prime subscriber churn by providing enough blockbuster content — Amazon isn't competing with Netflix, but it is spending billions trying to figure out Hollywood. Maybe 007 can help.
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Variety, Protocol, New York Times, Bloomberg, The Register, PYMNTS.com, Gizmodo, Pixel Envy, AFTVnews, AndroidGuys, Invezz, phonearena.com, Polygon, Gizchina, Input, Game Rant, MacRumors, Android Central, CNBC, Trusted Reviews, NBC News, HotHardware.com News, KnowTechie, Tech News, and MSPoweruser
Tweets: @pkafka, @pkafka, @pkafka, and @stevekovach
| Joseph Menn / Reuters: |
WhatsApp has filed a lawsuit in Delhi against the Indian government for its new social media regulations, saying they would break privacy protections — WhatsApp has filed a lawsuit in Delhi against the Indian government seeking to block regulations coming into force on Wednesday that experts …
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WhatsApp.com, New York Times, androidauthority.com, Livemint, Press Information Bureau, The Guardian, Gizmodo, The Hacker News, Financial Times, Social Media Today, Livemint, Android Police, Android Central, Moneycontrol, Entrackr, BuzzFeed News, Bloomberg, Telecoms.com, Protocol, International Business Times, Voice of America, Forbes, TechCrunch, MediaNama, IT PRO, The Economic Times, TechCrunch, CNN, Firstpost Tech, Protocol, fossbytes.com, Insider, Fast Company, iPhone Hacks, and The Verge
| Hartley Charlton / MacRumors: |
Apple removes an app, discovered by a developer, that required at least a three-star review before people could use it — An app that demanded at least a three-star review to function got through the App Store review process, it has been found (via The Verge).
More:
The Verge, iThinkDifferent, AppleInsider, BGR, and iPhone Hacks
Tweets: @keleftheriou, @keleftheriou, @tolmasky, and @keleftheriou
| Kurt Wagner / Bloomberg: |
Facebook says it will limit the distribution of all posts from personal accounts that routinely spread misinformation — Facebook Inc. will begin doling out harsher punishments for individual accounts that repeatedly share false or misleading posts, an expansion of the social network's efforts to crack down on misinformation.
More:
About Facebook, Protocol, The Verge, 9to5Mac, Social Media Today, Reclaim The Net, and MUO
Tweets: @mbfhunzaker, @briannajanuary, @dpfunke, @evanmcmurry, @fboversight, @kurtwagner8, @karissabe, @viacristiano, @kgoldshlager, @karissabe, @kantrowitz, and @om
| Sarah Perez / TechCrunch: |
Facebook and Instagram now give users options to hide Like counts across all posts and to hide their own public Like counts from others — Facebook this week will begin to publicly roll out the option to hide Likes on posts across both Facebook and Instagram, following earlier tests beginning in 2019.
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About Facebook, Reuters, Android Police, Facebook Research, CNN, Good Morning America, NBC News, Neowin, TestingCatalog, Social Media Today, Vox, BGR, The Verge, Tom's Guide, Pocketnow, Wccftech, Bloomberg, Tubefilter, CNET, Wall Street Journal, Variety, The Economic Times, Engadget, Candid.Technology, and MacRumors
Tweets: @mosseri, @mosseri, @instagram, @sarahfrier, @taylorlorenz, @sarahfrier, and @kerrymflynn
| Jay Peters / The Verge: |
Amazon says Andy Jassy will become CEO on July 5, which marks 27 years to the day that Amazon was incorporated — That's Amazon's 27th birthday — Andy Jassy will officially become the CEO of Amazon on July 5th, the company announced at a shareholder meeting on Wednesday.
More:
GeekWire, Agence France-Presse, Mercury News, The Economic Times, SiliconANGLE, Forbes, CNET, Variety, CNET, USA Today, Engadget, Trusted Reviews, TechSpot, iDownloadBlog.com, The Wrap, Bloomberg, and CNBC
Tweets: @daveleeft, @daveleeft, and @daveleeft
| Stephen Shankland / CNET: |
USB standards body unveils its USB-C 2.1 revision, which supports power up to 240W, up from 100W currently, aimed at devices like 4K displays and gaming laptops — An upgrade to the USB-C standard will accommodate levels of up to 240 watts, an improvement that could let you plug power-hungry devices … | Devin Coldewey / TechCrunch: |
OpenAI's Sam Altman announces a $100M startup fund with Microsoft backing aimed at early-stage AI companies, with plans to invest in “probably not more than 10” — OpenAI is launching a $100 million startup fund, which it calls the OpenAI Startup Fund, though which it and its partners … | Jeff John Roberts / Decrypt: |
PayPal to add third-party wallet transfer support, allowing users to send Bitcoin to PayPal and Venmo users as well as to Coinbase and outside crypto wallets — PayPal created a stir in the crypto markets last year when it announced its millions of users could buy and sell Bitcoin.
More:
CoinDesk, Reuters, The Block, Crypto Briefing, and Bitcoin Magazine
Tweets: @thecryptoconomy, @thegreatola, @cryptognomie, @ziggamon, and @proftrader12
| New York Times: |
An overview of Russia's increasingly aggressive attempts to control Google, Facebook, and Twitter, ordering them to store data in Russia and imposing fines — Its campaign is part of a global wave of actions by governments that are testing how far they can go to control online speech.
More:
Reuters, Reuters, The Independent, Meduza.io, KyivPost, TASS, and Neowin
Tweets: @nytimes, @davidakaye, @jilliancyork, @satariano, and @kateconger
| Sarah Perez / TechCrunch: |
Instagram launches a new shopping section called Drops, helping users find limited supply products, and will temporarily waive fees due to COVID-19 — Instagram today announced it's adding a new feature to help connect online shoppers to product drops through its app.| Elizabeth Dwoskin / Washington Post: |
Facebook says Russia is still the largest producer of disinformation, in a report that details 150 operations that the company has disrupted since 2017 — Report explores how issue has evolved in recent years — A Facebook report released Wednesday says that Russia is still the largest producer …
More:
About Facebook, Engadget, The Hill, TechCrunch, Social Media Today, Tech Xplore, and Bloomberg
Tweets: @benimmo, @olgs7, @ngleicher, @ngleicher, @benimmo, @alexstamos, @benimmo, @benimmo, @lageneralista, @ngleicher, @cbs_herridge, @ngleicher, @alexstamos, @olgs7, @olgs7, @alexstamos, @nickclegg, @marietjeschaake, @olgs7, @ngleicher, and @andymstone
| Patrick Sykes / Bloomberg: |
Iran says it is banning cryptocurrency mining until September 22 after a series of power blackouts across major cities — - Iran blames crypto mining and drought for recent outages — Government says 85% of mining activity is unlicensed — Follow us @crypto for our full coverage.
More:
Iran, The Verge, Al Jazeera, CNBC, Reuters, Financial Times, Cointelegraph, BitcoinExchangeGuide, Bitcoin Magazine, and Decrypt
Tweets: @neloangelo314, @jessefelder, and @bloqbot
| Melanie Evans / Wall Street Journal: |
Google partners with US hospital chain HCA Healthcare to develop algorithms to improve operating efficiency, monitor patients, and guide doctors' decisions — Tech giant expands health-sector presence in latest deal to develop tools to improve medical care, as privacy concerns arise
More:
HCA Today, medcitynews.com, PYMNTS.com, The Verge, and Tech Xplore
Tweets: @wsj, @jjwurology, @sovmichael, @tstavroulaki, @pjputh, @iamstarnord, @stefaniei, @silvermanjacob, and @repkenbuck
| Javier Espinoza / Financial Times: |
Sources: European Commission will open a formal antitrust probe into Facebook to investigate if it's undermining competition in the online classifieds market — European Commission will investigate if Facebook is undermining competition in the online classifieds market| Lauren Hepler / San Francisco Chronicle: |
San Jose approves Google's plans for a downtown campus with 4K new homes, 7M+ square feet of office space, 15 acres of parks, and 500K of retail and other space — After more than three years of negotiations, San Jose officials voted late Tuesday to approve Google's plan for a sprawling downtown campus … | Bloomberg: |
ZipRecruiter closes at $21.10 per share after opening at $20, giving it a valuation of ~$2.8B, up from its 2018 valuation of ~$1.5B — - Shares in ZipRecruiter opened at $20 apiece Wednesday — Company's direct listing follows Coinbase, Squarespace — ZipRecruiter Inc. rose …
More:
Crunchbase News, TheStreet, and Fast Company
| Dean Takahashi / VentureBeat: |
Nvidia beats with record Q1 revenue of $5.66B, up 84% YoY, with Gaming revenue of $2.76B, up 106% YoY, and Data Center revenue of $2.05B, up 79% YoY — Elevate your enterprise data technology and strategy at Transform 2021. — Nvidia reported revenues of $5.66 billion for its first fiscal quarter ended …
More:
ZDNet, Bloomberg, NVIDIA, MarketWatch, and CNBC
| Ingrid Lunden / TechCrunch: |
Salt Security, which develops AI-based software to protect API libraries from malicious use, raises $70M led by Advent International — APIs make the world go round in tech, but that also makes them a very key target for bad actors: as doorways into huge data troves and services …
More:
VentureBeat, nocamels.com, SiliconANGLE, CRN, CTech, and Geektime
| Trefor Moss / Wall Street Journal: |
Tesla says it will store all data generated from cars in China in a new data center there, after facing scrutiny in the country for handling vehicle data — U.S. electric-car maker has faced scrutiny in China of its handling of potentially sensitive vehicle data
More:
Engadget, The Verge, WRAL TechWire, PCMag, and Gizmodo
Tweets: @somospostpc, @jchengwsj, and @wsj
| Ingrid Lunden / TechCrunch: |
Rewatch, which builds tools to index, transcribe, and store enterprise video content, raises $20M Series A led by Andreessen Horowitz — We don't hear as much these days about “Zoom fatigue” as we did in the first months after the Covid-19 pandemic kicked off last year … | Fadeke Adegbuyi / Cybernaut - Every: |
Gen Z students are studying together online across YouTube, TikTok, Discord, and Twitter, seeking inspiration, finding focus, and sharing academic anxieties — In late 2020, a 10-hour loop of a song from Mario Kart titled “Coconut Mall” started blowing up on Youtube.
Tweets: @lkherman, @dianelyssa, @heatherfro, @annehelen, and @dianelyssa
| Jordan Novet / CNBC: |
Snowflake beats with Q1 revenue of $228.9M, up 110% YoY, net loss swelled to $203.2M from $92.6M last year; year to date, stock is down ~17% — - Snowflake's revenue beat estimates for the quarter as losses mounted. — Goldman Sachs upgraded Snowflake stock to buy earlier this month as its performance trailed that of the Nasdaq.
More:
Business Wire, ZDNet, and MarketWatch
| Madhumita Murgia / Financial Times: |
In a first, England's NHS says it will scrape medical histories of 55M patients, including info on mental and sexual health, to be shared with third-parties — 55m patients have until June 23 to opt out of having their health data scraped into a new database
Tweets: @foxglovelegal, @foxglovelegal, @financialtimes, @we_ownit, and @foxglovelegal
| Martin Tisne / MIT Technology Review: |
Lawmakers focus on protecting individuals from big tech when they should develop laws focusing specifically on collective data rights to prevent harm to society — Protecting individual data is not enough when the harms are collective — Every person engaged with the networked world constantly creates rivers of data.
Tweets: @martintisne, @rafa_zanatta, @martintisne, @martintisne, @protonmail, and @ninanjira
| Mary Ann Azevedo / TechCrunch: |
SpotOn, a payments startup focused on SMBs, raises $125M Series D led by a16z, tripling its valuation from last September to $1.875B — Certain industries were hit harder by the COVID-19 pandemic than others, especially in its early days. — Small businesses, including retailers and restaurants …
More:
FinSMEs, Andreessen Horowitz, and Business Wire
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