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June 29, 2021, 5:40 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, Bloomberg, Wall Street Journal, Politico, Insider, The Register, Protocol, New York Times, CNET, Gizmodo, The Verge, The Verge, Axios, Bloomberg, RTÉ, TGDaily, Financial Times, Coinspeaker, BIG by Matt Stoller, Washington Post, iTnews, Android Central, Near Media, Pixel Envy, Cmte Judiciary (D) …, Forbes, Tech Xplore, Insider, BBC, ZDNet, The Overspill, phonearena.com, Politico, Vox, PYMNTS.com, USA Today, NPR, Input, PYMNTS.com, Telegraph, Shacknews, Barron's Online, NBC News, Mashable, Associated Press, Sputnik News, theepochtimes.com, The Daily Caller, CNN, Slashdot, TechCrunch, Protocol, MSPoweruser, Variety, Los Angeles Times, New York Post, Newser, San Francisco Business Journal, The Daily Dot, and UploadVR
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 …
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
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.
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.
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 …
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 5:40 AM ET, June 29, 2021.

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From Mediagazer

Benjamin Mullin / New York Times:
Arkansas PBS severs ties with the PBS network, the first state public TV system to do so since Congress cut CPB funds, citing the annual $2M+ membership cost

Sam Roberts / New York Times:
Arthur L. Carter, who started a Connecticut newspaper in 1981, bought and sold The Nation, and founded the New York Observer in 1987, has died at 93

Pamela McClintock / The Hollywood Reporter:
Disney's Zootopia 2 surpasses $1B at the global box office, the fastest PG-rated film to do so after just 17 days in release

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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