Techmeme
November 18, 2021, 8:40 AM

Top News

Manish Singh / TechCrunch:
Paytm falls ~20% in its trading debut in India, giving it a market valuation of $14.9B, after raising $2.5B in its IPO  —  A decade ago, Vijay Shekhar Sharma flew to Hong Kong to attend an All Things D conference.  At the event, he watched Silicon Valley executives Jack Dorsey and Brian Chesky talk about the firms they were building.
Daniel Howley / Yahoo Finance:
Nvidia beats with record Q3 revenue of $7.1B vs. $6.82B estimated, up 50% YoY, Gaming revenue of $3.22B, up 42%, and Data Center revenue of $2.94B, up 55%  —  Nvidia (NVDA) reported its Q3 earnings after the bell on Wednesday beating analysts' predictions on the top and bottom line as revenue jumped 50% year-over-year.
Aisha Malik / TechCrunch:
Grammarly, which helps users improve their writing with its AI assistant, raises $200M at a $13B valuation  —  Grammarly, the popular auto-editing tool for writing, has raised $200 million in funding at a $13 billion valuation from new investors including Baillie Gifford and funds and accounts managed by BlackRock, among others.
Sarah Perez / TechCrunch:
Spotify expands real-time lyrics to all users globally in partnership with Musixmatch, after initially launching in 26 markets  —  After years of ignoring consumer demand for in-app lyrics, particularly in the U.S., Spotify announced today it will make a new Lyrics feature available to all global users …
Mark Gurman / Bloomberg:
Cher Scarlett, a leader of #AppleToo, is leaving Apple and will withdraw her NLRB complaint after reaching a settlement  —  Cher Scarlett, an Apple Inc. employee who created a protest movement within the company over pay transparency and other workplace issues, is leaving the iPhone maker after reaching a settlement.
Sarah Perez / TechCrunch:
Instagram says it is shutting down its standalone mobile messaging app Threads by December 31  —  Instagram's standalone messaging app Threads is shutting down.  The app will no longer be supported by the end of December 2021, the company confirmed to TechCrunch after reports began circulating …
Ian Sherr / CNET:
Apple announces Self Service Repair, a program starting next year that will publish repair manuals, let customers buy parts and tools, and more  —  The tech giant says it will publish repair manuals and allow everyday customers to buy the same parts and tools certified technicians and repair shops use.
Mitchell Clark / The Verge:
Apple releases iOS 15.1.1 to solve an issue with dropped calls on iPhone 12 and 13 models  —  iOS 15.1.1 promises improvements to the smartphones' phone  —  A new iOS update is starting to hit phones — no, not the seemingly feature-packed iOS 15.2, but iOS 15.1.1, which Apple says will solve an issue with calls dropping.
Sarah Perez / TechCrunch:
Spotify expands Podcast Subscriptions globally with 20 price points from $0.50 to $150 and will let creators download subscribers' contact info  —  Just a few months after launching support for podcast subscriptions to U.S. creators, Spotify today is making the service available to creators in global markets.
Katie Roof / Bloomberg:
Marketing management software startup Braze jumps 44% in its Nasdaq debut, after raising $520M in its IPO, at an $8.4B valuation  —  - CEO credits first-day gain of 44% to roadshow going well  — Braze reaches diluted value of more than $9.6 billion  —  Customer engagement software …

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