| Ash Parrish / The Verge: |
After being sued by the state of California, Activision Blizzard is sued by a group representing employees, alleging it tried to prevent them from organizing — Organized by CODE-CWA, the suit claims Activision Blizzard engaged in coercive and intimidating behavior| David McLaughlin / Bloomberg: |
FTC says Alphabet, Amazon, Apple, Facebook, and Microsoft made 819 unreported acquisition deals of $1M+, including for patents and acquihires, from 2010 to 2019 — - Report shows hundreds of deals by tech giants went unchecked — Antitrust enforcers must close loopholes, FTC Chair Khan says| Maggie Miller / The Hill: |
FTC asks health apps, such as those tracking fitness or menstrual cycles, to notify consumers of data breaches as per the 2009 Health Breach Notification Rule — The Federal Trade Commission (FTC) voted 3-2 Wednesday that a decade-old rule on health data breaches applies to apps … | Ryan Weeks / The Block: |
NFT marketplace OpenSea acknowledges that its head of product, Nate Chastain, purchased NFTs he knew were going to be displayed prominently — Quick Take — The marketplace has acknowledged that its head of product Nate Chastain purchased NFTs that he knew were going to be displayed prominently.| Katie Roof / Bloomberg: |
Discord raises $500M led by Dragoneer, Fidelity, and others, source says at a ~$15B post-money valuation, more than double its valuation from last year — - Discord raised $500 million, led by Dragoneer Investment Group — Startup turned down $12 billion offer from Microsoft| Jon Porter / The Verge: |
While critics liken iPhone 13 to an iterative “12S” update, the branding shows Apple has adjusted to the current smartphone market, where big overhauls are rare — Apple's ‘S’-year iPhones never went away, it just stopped advertising them — Apple had a lot of new features … | Filipe Espósito / 9to5Mac: |
| Wall Street Journal: |
Internal documents: Facebook's own research found that a 2018 change to encourage positive interactions had the opposite effect; Zuckerberg resisted any fixes — Internal memos show how a big 2018 change rewarded outrage and that CEO Mark Zuckerberg resisted proposed fixes| Tom Warren / The Verge: |
Microsoft will now let users access accounts without a password by using Microsoft Authenticator, Windows Hello, a security key, or a verification code — You can delete your Microsoft account password — Microsoft now lets you remove passwords from Microsoft accounts to embrace a passwordless future.| Bloomberg: |
Engineering and consultancy firm Thoughtworks close up nearly 40% in its Nasdaq debut, valuing the company at ~$9B, after raising roughly $773M in its IPO — - Tech consulting firm's CEO ‘constant change’ for two decades — On, Dutch Bros, Definitive Healthcare all climb in debuts| Hugh Son / CNBC: |
Goldman Sachs is acquiring buy now, pay later fintech GreenSky for about $2.24B, in an all-stock deal — - Goldman Sachs is acquiring fintech lender GreenSky for $2.24 billion as the investment bank pushes further into consumer finance. — The all-stock deal for GreenSky … | Manish Singh / TechCrunch: |
Apna, whose networking app lets blue collar workers upskill and find jobs, raises $100M Series C led by Tiger Global, becoming India's youngest unicorn — A 22-month old startup that is helping millions of blue- and gray-collar workers in India learn new skills and find jobs has become … | Sarah McBride / Bloomberg: |
Brooklyn-based Genius, a music-annotating startup that provides context for rap lyrics, has sold its assets for $80M, less than the total funding it raised — The sale price is less than the total funding raised. — Music-annotating startup Genius Media Group Inc., a site that drew attention … | Larry Dignan / ZDNet: |
Adobe says it will launch a payment service via PayPal for Adobe Commerce by the end of the year, adding native payments to customers' digital storefronts — Customers will be able to manage payments directly from their Adobe Commerce Admin without integration with third-party payment providers.| Patrick Howell O'Neill / MIT Technology Review: |
Sources: US firm Accuvant, now part of Optiv, sold iPhone hacking tool Karma to the UAE for $1.3M in 2016; the tool has been used against hundreds of targets — An American cybersecurity company was behind a 2016 iPhone hack sold to a group of mercenaries and used by the United Arab Emirates.| Politico: |
Joe Biden announces a new Indo-Pacific security partnership with Australia and the UK to share tech in areas like AI, cybersecurity, and quantum technologies — The new allies' agreement will include cooperation on nuclear-powered subs, AI and cutting-edge defense tech. — The Australian flag flies.| Catherine Thorbecke / ABC News: |
UN rights chief calls for a moratorium on sale and use of AI tech that threatens human rights, including facial recognition, until safeguards are put in place — “We cannot afford to continue playing catch-up regarding AI.” — The United Nations Human Rights chief on Wednesday called … | Ryan McMorrow / Financial Times: |
Research: Didi's average daily user count for August fell to 10.9M, from 15.6M in June, after its NY IPO triggered a fierce backlash by Chinese regulators — Promotions and discounts help ride-hailing rivals increase customer numbers — China's leading ride-hailing app, Didi … | Jack Nicas / New York Times: |
Brazil's Senate and Supreme Court nullify rules issued by President Bolsonaro banning social networks from removing content that breaks their policies — President Jair Bolsonaro had issued rules forbidding social networks from removing many posts that the sites considered misinformation.| Makena Kelly / The Verge: |
Senator Markey and Reps. Castor and Trahan wrote to Facebook calling on it to abandon its plans to launch an Instagram app for kids in light of WSJ's report — Democrats call on the company to abandon Instagram for kids — Two top lawmakers on the Senate Commerce Committee's panel … | Dan Primack / Axios: |
Rebellion Defense, the Eric Schmidt-backed developer of AI defense tech, raises $150M led by Insight and Venrock at a $1B pre-money valuation — Rebellion Defense, a developer of AI solutions for U.S. defense, tells Axios that it has raised $150 million in venture capital at a $1 billion pre-money valuation.| Reuters: |
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| Elizabeth Culliford / Reuters: |
| Turner Wright / Cointelegraph: |
| Max Chafkin / Bloomberg: |
| Dylan Patel / SemiAnalysis: |