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June 29, 2021, 8:01 AM
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Salvador Rodriguez / CNBC:
US district court dismisses FTC's antitrust complaint against Facebook, saying its definition of market dominance was insufficient, but will let FTC refile it  —  - A federal court on Monday dismissed the Federal Trade Commission's antitrust complaint against Facebook.
More: US District Court for the District of Columbia, New York Times, New York Times, Reuters, The Register, Bloomberg, Wall Street Journal, PCMag, Politico, Protocol, Gizmodo, Insider, The Verge, CNET, GamesIndustry.biz, Axios, Bloomberg, Android Headlines, BIG by Matt Stoller, Financial Times, TGDaily, Washington Post, Android Central, iTnews, Pixel Envy, Tech Xplore, ZDNet, Coinspeaker, The Overspill, phonearena.com, Politico, Insider, Forbes, Cmte Judiciary (D) …, Vox, BBC, Near Media, PYMNTS.com, USA Today, Mashable, The Guardian, NPR, Input, PYMNTS.com, Telegraph, Shacknews, Barron's Online, NBC News, Associated Press, Sputnik News, theepochtimes.com, The Daily Caller, CNN, Slashdot, TechCrunch, Protocol, MSPoweruser, Newser, Variety, Los Angeles Times, New York Post, UploadVR, San Francisco Business Journal, and The Daily Dot
Tweets: @leah_nylen, @cnbcnow, @hawleymo, @ceciliakang, @repkenbuck, @willoremus, @sarahfrier, @b_fung, @amyklobuchar, @caseynewton, @reckless, @levie, @benedictevans, @sarahfrier, @willoremus, @fawfulfan, @notpretzel, @asherschechter, @dealbook, @brendanbordelon, @mikeisaac, @alisonfrankel, @adamnash, @brkend, @mikeelgan, @colorofchange, @gabrielmalor, @ivanthek, @harrylitman, @edmundlee, @marklemley, @profcarroll, @karaswisher, @senwarren, @kantrowitz, @matthewstoller, @caseynewton, @producthunt, @mattrosoff, @robbysoave, @caseynewton, @senblumenthal, @sruhle, @austen, @matthewstoller, @caseynewton, @sarahfrier, @econ_marshall, @repmondaire, @ajitpai, @bobbyallyn, and @mdudas
Salvador Rodriguez / CNBC:
On Monday, Facebook's stock rose 4.2%, closing at $355.64, giving Facebook a $1T market cap for the first time, the fifth US company to hit the milestone  —  - Facebook has hit $1 trillion in market capitalization.  — Facebook stock spiked nearly 5% in late-day trading aided …
Scott Rosenberg / Axios:
The dismissal of FTC suit against Facebook shows the difficulty of making antitrust charges stick and could spur lawmakers to strengthen outdated antitrust laws
Tom Warren / The Verge:
Microsoft releases the first Windows 11 preview, available to Insiders, with major updates included except Teams integration and Android app support  —  The next version of Windows is available for testing  —  Microsoft is releasing its first Windows 11 preview build today.
Tom Warren / The Verge:
Sources: Microsoft is planning to release Windows 11 in October; Microsoft employees have hinted at October 20 in marketing images
TechCrunch:
Duolingo files for US IPO, reveals revenue growth of 129% YoY in 2020, and reports $55.4M in revenue during Q1 2021  —  The edtech unicorn reveals 129% 2020 revenue growth  —  Duolingo, a Pittsburgh-based language learning business last valued at $2.4 billion, has officially filed to go public.
Jason Gurwin / The Streamable:
YouTube TV gets a 4K Plus add-on package with downloads, 4K, and unlimited streams for $20 more per month; 5.1 Dolby surround sound coming to all subs for free  —  YouTube TV has officially announced their new premium add-on which includes 4K streaming, the ability to download shows offline …
Cameron Faulkner / The Verge:
Microsoft rolls out its Xbox Cloud Gaming service via browser to PCs, iPhones, and iPads across 22 countries for Xbox Game Pass Ultimate members  —  No Xbox necessary  —  Microsoft's xCloud, the cloud game streaming component of Xbox Game Pass Ultimate that doesn't require a console to use …
Mitchell Clark / The Verge:
Snapchat says it has fixed the issue causing its iOS app to crash for some users, asks users to manually update the app if they are still facing any problem  —  The app was crashing on launch  —  If you've been experiencing the bug where the iOS version of Snapchat crashes at launch …
Lucas Matney / TechCrunch:
Discord acquires augmented reality startup Ubiquity6, which had raised $37.5M and recently pivoted to become a collaborative service for simple online games  —  After raising tens of millions from investors and executing a pretty substantial pivot earlier this year, augmented reality startup Ubiquity6 …
Sarah Perez / TechCrunch:
Sensor Tower: global consumer mobile app spending hit $64.9B in H1 2021, a record and up 24.8% YoY; install growth slowed to 1.7% overall, declined 10.9% on iOS  —  Consumer spending in mobile apps hit a record $64.9 billion during the first half of 2021, according to preliminary data from app store intelligence firm Sensor Tower.
Mary Ann Azevedo / TechCrunch:
Accel announces fifteenth early-stage US fund at $650M, seventh early-stage European and Israeli fund at $650M, and sixth global growth stage fund at $1.75B  —  Accel announced Tuesday the close of three new funds totaling $3.05 billion, money that it will be using to back early-stage startups …
More: CTech and Reuters
Riley de León / CNBC:
Payments company Payoneer closed ~1.5% lower on its Nasdaq debut via a SPAC merger, giving it a market cap of $1B+; the company was originally valued at $3.3B  —  - Shares of payments company Payoneer closed down roughly 1.5% after its market debut Monday on the Nasdaq, giving it a market cap of just over $1 billion.
Manish Singh / TechCrunch:
India-based 10club, which acquires small e-commerce brands and scales those businesses, raises $40M seed round  —  10club, a one-year-old Indian startup that is building a Thrasio-like venture, said on Tuesday it has raised $40 million in what is one of the largest seed financing rounds in the South Asian market.

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This is a Techmeme archive page. It shows how the site appeared at 8:01 AM ET, June 29, 2021.

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From Mediagazer

Todd Spangler / Variety:
Trump says Stephen Colbert is a “pathetic trainwreck” and “CBS should, ‘put him to sleep,’ NOW”; earlier CBS aired the Kennedy Center Honors, hosted by Trump

Zachary Leeman / Mediaite:
White House deputy chief of staff Stephen Miller calls for CBS staff who “revolted” over Bari Weiss' decision to postpone 60 Minutes' CECOT segment to be fired

Todd Spangler / Variety:
Comcast extends Mike Cavanagh's contract through January 1, 2029, and grants a ~$35M performance-based stock package; he's set to become co-CEO in January 2026

More News

Matt Binder / Mashable:
An in-depth look at the rise of influencers, from Kim Kardashian to FaZe Clan and Elon Musk, using their huge platforms to promote altcoins to fans
Tim Copeland / The Block:
Coinbase CEO Brian Armstrong says the exchange's goal is “to list every asset where it is legal to do so”, and it will provide a ratings system for assets
Cherlynn Low / Engadget:
Samsung details a new smartwatch user interface called One UI Watch, debuting on an upcoming Galaxy Watch later this year

Earlier Picks

Sam Nussey / Reuters:
Sources: SoftBank is scaling back its robotics business globally, including eliminating 165 jobs in France, and has stopped producing its Pepper humanoid
Spencer Soper / Bloomberg:
Interviews with 15 Amazon Flex drivers reveal how algorithms hire, rate, and fire contract drivers with little or no human oversight
Shirin Ghaffary / Vox:
Researchers say the study of social media's large-scale societal impact should be treated as a “crisis discipline”, like climate science or conservation biology
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