| Facebook: |
| Karissa Bell / Engadget: |
Mark Zuckerberg says video now accounts for almost half the time spent on Facebook, and that Reels is the “largest contributor to engagement growth” — He wants Facebook to become a ‘metaverse company.’ — Facebook users are spending a lot more time watching video … | Stephanie Condon / ZDNet: |
| Reuters: |
Robinhood raises $2.1B in its IPO after selling 55M shares at the low end of its $38 to $42 range, giving it a valuation of $31.8B — Robinhood Markets Inc, the owner of the trading app which emerged as the go-to destination for retail investors speculating on this year's “meme' stock trading frenzy … | Ryne Hager / Android Police: |
Google updates Play Store policies to ban apps offering “compensated sexual relationships”, likely impacting sugar daddy dating apps, beginning September 1 — Today, Google published a handful of changes to its Play policies, and nestled among precise legalese refinements … | Jing Yang / Wall Street Journal: |
Sources: Didi is considering going private in order to placate Chinese authorities and compensate investors for losses using money made during its IPO — Ride-hailing giant has been contemplating delisting plan as crackdown widens and has obtained support from cybersecurity watchdog| Wall Street Journal: |
Google says anyone coming to work at its campuses must be vaccinated, starting in the US, and will delay the return to offices from September until mid-October — Google delays planned return to offices until mid-October as U.S. companies take new precautions against Delta variant's spread| Mary Ann Azevedo / TechCrunch: |
| Mark Gurman / Bloomberg: |
| Karen Hao / MIT Technology Review: |
Profile of Sophie Zhang, a former Facebook data scientist who wrote an exit memo detailing Facebook's inadequate steps to address global election misinformation — Sophie Zhang, a former data scientist at Facebook, revealed that it enables global political manipulation and has done little to stop it.| Makena Kelly / The Verge: |
Senate reaches a deal on an infrastructure plan including $65B for broadband investments, $35B less than Biden's original plan; final vote still yet to happen — That's less than the original $100 billion plan — On Wednesday, bipartisan Senate negotiators reached a deal on an infrastructure package after weeks of tense discussion.| Tiernan Ray / ZDNet: |
OpenAI introduces Triton 1.0, an open-source programming language for writing GPU code for neural networks, and claims it is easier to write than Nvidia's CUDA — SEO: Python-like language promises to be easier to write than native CUDA and specialized GPU code but has performance comparable … | Steven Musil / CNET: |
Samsung Q2: profit of $10.8B, up 54% YoY, on $55.2B revenue; its chips business accounted for nearly half the profit; mobile division revenue declined QoQ — Samsung's operating profit showed strong growth in the second quarter, thanks to higher-than-expected chip prices and continued consumer demand … | Yogita Khatri / The Block: |
Singapore-based Vauld, formerly Bank of Hodlers, a crypto trading and lending service, raises $25M Series A led by Peter Thiel's Valar Ventures — Quick Take — Crypto trading and lending platform Vauld has raised $25 million in a Series A funding round led by Peter Thiel's Valar Ventures.| Harmeet Singh Walia / Counterpoint Research: |
Global smartphone market grew 19% YoY in Q2 with 329M units shipped, led by Samsung with 58M units, Xiaomi with 53M, Apple with 49M, and Oppo with 34M — - Global smartphone market grew 19% YoY but declined by 7% QoQ as 329 million units were shipped, led by Samsung.| Jeff Benson / Decrypt: |
US Marshals Service has given a $6.6M+ contract to crypto startup Anchorage to manage seized crypto assets; BitGo had won a similar $4.5M contract in April — The U.S. Marshals Service, a branch of the Department of Justice charged with tracking down fugitives, has given a contract worth … | Eric Newcomer / Newcomer: |
Profile of Bessemer Venture Partners, an early investor in Twilio and Shopify, as its competition with Andreessen Horowitz, Tiger Global, and SoftBank ramps up — Bessemer Venture Partners is a thoughtful firm in a world of loose money. — 4 hr ago — In 2009, Ethan Kurzweil … | Patrick Klepek / VICE: |
Activision Blizzard staffers stage a walkout, demanding fairer treatment for underrepresented staff and an end to arbitration clauses in staff contracts — “This is the beginning of an enduring movement in favor of better labor conditions for all employees.” — Patrick Klepek| Patrick Howell O'Neill / MIT Technology Review: |
NSO Group confirms that Israeli government officials opened an investigation and visited NSO's Tel Aviv office on Wednesday to assess Pegasus abuse allegations — ‘We want them to check everything,’ says CEO of cybersecurity company implicated in campaigns against politicians, activists and other notable figures.| Jon Porter / The Verge: |
Huawei announces P50 and P50 Pro, its first flagship phones with HarmonyOS, in China; Huawei executive says the phones lack 5G support due to US sanctions — Google's apps and services continue to be absent — Huawei has announced its latest flagship phones for the Chinese market, the P50 and P50 Pro.| Tage Kene-Okafor / TechCrunch: |
Cairo and Dubai-based Swvl, a bus-hailing and ridesharing provider in emerging markets, plans to go public in the US in a SPAC merger at a valuation of ~$1.5B — Cairo and Dubai-based ride-sharing company Swvl plans to go public in a merger with special purpose acquisition company Queen's Gambit Growth Capital, Swvl said Tuesday.| Chris Welch / The Verge: |
Nothing Ear (1) wireless earbuds review: comfortable, unique transparent design and lots of features, but buggy performance and so-so noise cancellation — Standout design, noise cancellation, and wireless charging for $99 — There's a lot riding on the Ear 1 wireless earbuds … | Youkyung Lee / Bloomberg: |
Filing: Korean game studio Krafton, which develops PlayerUnknown's Battlegrounds, is set to raise $3.8B during a Seoul IPO, valuing the company at ~$21.2B — - Game developer sets share price at top of revised range — IPO values Tencent-backed developer at $21.2 billion| Mary Ann Azevedo / TechCrunch: |
La Haus, an online real estate marketplace operating in Mexico and Colombia, raises a $100M extension to its $35M Series B, bringing its total raised to $158M — La Haus, which has developed an online real estate marketplace operating in Mexico and Colombia, has secured $100 million in additional funding … | Thomas Seal / Bloomberg: |
Inmarsat, the UK's largest satellite company, says it plans to launch low-orbit spacecraft and establish a 5G wireless network, competing with SpaceX and OneWeb — - Operator reveals plan to add 5G and at least 150 satellites — Joins wave of investment in 5G and low-earth orbit spacecraft| Alexandra Marvar / The Verge: |
A look at the rise of high-earning teens on Depop, who are using the Etsy-owned clothing marketplace to make thousands per week, often battling the algorithm — Seventeen-year-old Chelsea Aves of Fremont, California, has had a Depop account since her sophomore year of high school.
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