| 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.| 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 … | 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 … | 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 — October 20th may be the Windows 11 day — Microsoft keeps hinting at an October release date for Windows 11. The software giant teased … | 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.| Abner Li / 9to5Google: |
Google says all Play Store developer accounts will need to enable 2-Step Verification, provide an address, and verify their contact details later this year — To improve developer security on the Play Store, Google is requiring those that develop for Android to abide by 2-Step Verification … | 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 … | Cherlynn Low / Engadget: |
Samsung details a new smartwatch user interface called One UI Watch, debuting on an upcoming Galaxy Watch later this year — At its MWC event today, Samsung showed off its latest smartwatch interface called One UI Watch. This software will run on top of — the new Wear OS, which the company co-developed with Google.| 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 … | Song Su-hyun / The Korea Herald: |
A South Korean court has ruled that Netflix is obligated to pay network usage fees to mobile carriers; Netflix made up 4.8% of the country's traffic in Q4 2020 — A Seoul court's decision last week that effectively confirmed Netflix's obligation to pay network usage fees to mobile carriers suggests … | 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.| 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.| Reuters: |
| Emily Bamforth / EdScoop: |
Education software company Instructure files for a US IPO, reporting $94M in revenue in quarter ended March 31; Thoma Bravo had taken it private in March 2020 — Instructure, the company that develops the learning management system Canvas, has filed with the Securities Exchange Commission … | Nate DiCamillo / CoinDesk: |
Coinbase is granted a crypto custody license from Germany's Financial Supervisory Authority, the first company to get such a license according to the regulator — The license will allow Coinbase to continue operating in Germany. — Coinbase has received a crypto custody license … | Spencer Soper / Bloomberg: |
Interviews with 15 Amazon Flex drivers reveal how algorithms hire, rate, and fire contract drivers with little or no human oversight — Stephen Normandin spent almost four years racing around Phoenix delivering packages as a contract driver for Amazon.com Inc. Then one day, he received an automated email.
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| Sam Nussey / Reuters: |
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