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June 29, 2021, 10:20 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: New York Times, US District Court for the District of Columbia, New York Times, Reuters, The Register, Wall Street Journal, Bloomberg, Politico, The Verge, Protocol, Gizmodo, The Verge, PCMag, CNET, Axios, Bloomberg, Insider, Washington Post, Android Headlines, GamesIndustry.biz, iTnews, Pixel Envy, ZDNet, Coinspeaker, TGDaily, The Overspill, Financial Times, Tech Xplore, phonearena.com, Politico, Android Central, 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, Newser, TechCrunch, Protocol, MSPoweruser, Variety, Los Angeles Times, New York Post, UploadVR, San Francisco Business Journal, and The Daily Dot
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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FTC suit against Facebook shows the difficulty of making antitrust charges stick and could spur lawmakers to strengthen outdated antitrust laws
Bloomberg:
Worldcoin, a cryptocurrency co-founded by Sam Altman, launches with $25M from a16z and others and plans to develop an orb-shaped device to scan human eyeballs  —  Sam Altman has a new startup that intends to give a special type of cryptocurrency to every person on earth.  But first, it wants to scan everybody's eyeballs.
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 …
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.
Ingrid Lunden / TechCrunch:
DevOps company JFrog acquires Vdoo, which develops AI-based security tools for IoT and connected devices, for $300M  —  JFrog, the company best known for a platform that helps developers continuously manage software delivery and updates, is making a deal to help it expand its presence …
More: CTech, VentureBeat, and CRN
Mary Ann Azevedo / TechCrunch:
Orum, which provides an API to help financial institutions move money in real time, raises $56M Series B, bringing its total raised to $86M+  —  Orum, which aims to speed up the amount of time it takes to transfer money between banks, announced today it has raised $56 million in a Series B round of funding.
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 …
World Health Organization: WHO:
WHO publishes its first global report on AI in health care, a 2-year effort, with six guiding principles for its design and use, like protecting human autonomy  —  Growing use of AI for health presents governments, providers, and communities with opportunities and challenges
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.
Ashley Carman / The Verge:
Instagram says it is running a small test that lets any user share links in their Stories through a sticker  —  Now with a linking sticker  —  Instagram has always limited who can post swipe-up links to their stories, but today, the company is starting a new test that could widen that ability.
Reuters:
Google says it removed two user-generated maps that listed names and addresses of hundreds of Thai activists accused of opposing the monarchy  —  Google took down two Google Maps documents on Monday that had listed the names and addresses of hundreds of Thai activists who were accused …
Emma Betuel / TechCrunch:
4G Clinical, which develops software to manage clinical trials, raises $200M led by Goldman Sachs  —  The pandemic significantly changed how we do medical research, and now companies are trying to figure out what trends will stay and which ones will go.  One that 4G Clinical is hoping …
Gillian Tan / Bloomberg:
Age of Learning, which develops the subscription-based digital education service ABCmouse, raises $300M led by TPG at a $3B valuation  —  - Qatar Investment Authority, Madrone Capital also participated  — Age of Learning CEO says proceeds will fuel global expansion

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This is a Techmeme archive page. It shows how the site appeared at 10:20 AM ET, June 29, 2021.

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From Mediagazer

Eli Stokols / Politico:
A look at the tense relationship between Biden and The NYT, beset by misunderstandings, grudges, lack of trust, and his refusal to give the paper an interview

Michael Sisak / Associated Press:
A US appeals court overturns Harvey Weinstein's 2020 conviction, finding the trial judge let women testify about allegations that were not part of the case

Katie Robertson / New York Times:
G/O Media sells The Onion to Global Tetrahedron, a new Chicago firm owned by former Twilio CEO Jeff Lawson; former NBC News senior reporter Ben Collins is CEO

More News

Kris Holt / Engadget:
HP unveils the 13.3-inch Pavilion Aero 13, its lightest consumer laptop, weighing under 1KG with a 90% screen-to-body ratio, starting at $749, available in July
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

Earlier Picks

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
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
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
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