Techmeme
July 2, 2021, 10:45 AM

Top News

Nikkei Asia:
Sources: Apple and Intel will be the first to adopt TSMC's 3nm tech, with new Intel and iPad CPUs based on the new manufacturing process scheduled for late 2022  —  Taiwanese company remains vital partner for American tech giants  —  TAIPEI — Apple and Intel have emerged as the first adopters …
Sarah Perez / TechCrunch:
Twitter shows off features it is testing, including a way to tweet only to a group of trusted friends, ability to tweet under different “personas”, and more  —  Twitter has a history of sharing feature and design ideas it's considering at very early stages of development.
Dan Primack / Axios:
Robinhood files for long-awaited IPO, says it will set aside up to 35% of shares for retail investors  —  Popular trading app Robinhood on Thursday filed for its initial public offering, and disclosed that it will set aside up to 35% of shares for retail investors who rarely get to buy at a company's IPO price.
Maggie Fitzgerald / CNBC:
Matt Day / Bloomberg:
Oliver Darcy / CNN:
New Facebook test prompt asks users if someone they know might be “becoming an extremist”; another notifies users who may have been exposed to extremist content  —  New York (CNN Business)Some Facebook (FB) users in the United States are being served a prompt that asks …
Yogita Khatri / The Block:
Thailand SEC files criminal complaint against Binance alleging it has operated a cryptocurrency exchange business via its website without a license  —  ANTHONY KWAN/BLOOMBERG VIA GETTY IMAGES  —  Quick Take  — Thailand's financial regulator has filed a criminal complaint against Binance over unregistered operations.
Nico Grant / Bloomberg:
In its diversity report, Google says it is hiring more Black people but rates of attrition are rising, especially among Black women; US workforce is 50%+ white  —  Google reported its best year yet for hiring Black employees, but rising departures of the same group highlights a risk to the company's plan to double its Black workforce.
Jacob Kastrenakes / The Verge:
TikTok is rolling out longer videos of up to three minutes, up from one minute, to all users over the coming weeks, after testing them since December  —  Now up to three minutes  —  TikToks are about to get longer.  The app is now rolling out the ability for everyone to publish videos …
Manish Singh / TechCrunch:
Swedish gaming giant Modern Times Group says it has acquired Indian startup PlaySimple for at least $360M, with 77% in cash and the rest in company shares  —  Swedish gaming giant Modern Times Group (MTG) has acquired Indian startup PlaySimple for at least $360 million, the two firms said Friday.
Sohee Kim / Bloomberg:
Kakao Pay, South Korea's largest online payment service, seeks to raise as much as $1.4B in an IPO in Seoul, at a market capitalization of up to $11B+  —  - Kakao Pay joins Krafton, Kakao Bank in filing for IPOs  — The company is planning to offer securities trading, insurance
Ryan Browne / CNBC:
PitchBook: grocery companies have raised $10B globally so far in 2021, surpassing the $7B raised across 2020  —  - Venture-backed grocery companies have already raised over $10 billion so far in 2021, according to data from Pitchbook.  — In Europe, several “dark store” …
Mark Haranas / CRN:
HPE says it will acquire Zerto, developer of automated software for helping clients recover from unplanned data loss, for $374M in cash  —  'Zerto's market-leading cloud data management and protection software expands HPE GreenLake cloud data services, allowing customers to protect their data …
Mark Gurman / Bloomberg:
Sources: Apple plans to test a hybrid in-store and work-from-home arrangement for retail employees later this year under a pilot program dubbed Retail Flex  —  - Company to pilot “Retail Flex” program for employees this year  — Apple earlier asked office workers to return three days a week

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Earlier Picks

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