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June 29, 2021, 5:30 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.
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Tweets: @leah_nylen, @cnbcnow, @hawleymo, @ceciliakang, @repkenbuck, @b_fung, @willoremus, @sarahfrier, @b_fung, @amyklobuchar, @caseynewton, @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, @benedictevans, @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 …
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.
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 …
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.
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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This is a Techmeme archive page. It shows how the site appeared at 5:30 AM ET, June 29, 2021.

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From Mediagazer

Michael Savage / The Guardian:
The BBC names ex-Google executive Matt Brittin as its next director general, replacing Tim Davie, as the BBC negotiates its funding; Brittin left Google in 2025

Oliver Darcy / Status:
Six months into Bari Weiss' CBS News overhaul, ratings data shows its flagship TV programs are losing viewers at a steep rate, while ABC and NBC post gains

Axios:
Joe Scarborough and Mika Brzezinski say they have re-signed their Morning Joe contracts with MS NOW through the end of 2029, as their show enters its 20th year

More News

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
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
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

Earlier Picks

Bloomberg:
Chainalysis: despite regulatory uncertainty, investments by Indians in cryptocurrencies grew from ~$200M to $40B in the past year, as 15M bought and sold coins
Shara Tibken / CNET:
Qualcomm unveils Snapdragon 888 Plus with 3GHz clock speed and a claimed 20% boost in AI capabilities, arriving in devices during Q3 2021
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
Financial Times:
UK's Financial Conduct Authority orders Binance to stop all regulated activities in Britain by June 30 and issues consumer alert against the company
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