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November 29, 2021, 1:30 PM
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| Jessica Bursztynsky / CNBC: |
Twitter CEO Jack Dorsey resigns, CTO Parag Agrawal takes over effective immediately; Dorsey to quit the board in 2022, Salesforce's Bret Taylor to become chair — Twitter CEO Jack Dorsey is stepping down as chief of the social media company, effective immediately.
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| Reuters: |
Documents: China's Henan province commissions a 3,000-camera surveillance system to track journalists, international students, and other “suspicious people” — Security officials in one of China's largest provinces have commissioned a surveillance system they say they want to use …
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BBC and Candid.Technology
| Financial Times: |
Sources: UK's CMA is expected to block Meta's proposed acquisition of Giphy in the coming days — Move would be the first time the competition watchdog has reversed a Big Tech acquisition — The UK competition regulator is expected to block Meta's acquisition of online gif platform Giphy …
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Reuters, CNET, TNW, Coinspeaker, Insider, City A.M., equalocean.com, and The Economic Times
Tweets: @lutherlowe, @mdudas, @ldignan, @martinsfp, and @bergmayer
| Natasha Lomas / TechCrunch: |
Thought Machine, which helps banks launch cloud-based services, raises a $200M Series C led by Nyca Partners at a $1B+ valuation — Thought Machine, a 2014 (Xoogler) founded startup that sells cloud-based b2b banking services, has closed a $200 million Series C round and announced …
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Thought Machine, FinLedger, altfi.com, CNBC, FinSMEs, Crowdfund Insider, Silicon Canals, Tech.eu, and PYMNTS.com. Tweets: @disruptionbank
| Tom Lowrey / ABC: |
Australia PM Scott Morrison proposes defamation legislation that would mandate social media companies reveal the identities of anonymous trolls or face fines — Social media companies could be forced to reveal the identities of anonymous users in an effort to crack down on online trolling … | James Rundle / Wall Street Journal: |
Intel is stockpiling around 3,000 legacy pieces of its hardware and software, going back about a decade, for security research at a warehouse in Costa Rica — Chip maker is stockpiling legacy technology for security research, plans to expand facility to house 6,000 pieces of equipment| Mike Butcher / TechCrunch: |
Chegg acquires Busuu, an online language learning startup with 120M+ users across 160+ countries, for €385 million — Chegg, the NYSE listed student media learning platform is acquiring Busuu, the online language learning startup established in Europe in 2008, for approximately $436 million … | Miriam Gottfried / Wall Street Journal: |
Sources: Clearlake Capital will buy Quest Software, which makes tools for IT departments, from Francisco Partners for $5.4B including debt — Deal values former Dell unit at $5.4 billion, including debt, sources say — Clearlake Capital Group LP has struck a deal to buy Quest Software Inc … | Wall Street Journal: |
Analysis: Amazon has built more than 450 warehouses in the US since the end of 2019, doubling its fulfillment capacity to over 930 facilities — Online retail giant has nearly doubled its fulfillment capacity since the start of the Covid-19 pandemic — In the past two years …
Tweets: @margotroosevelt
| Kyle Alspach / VentureBeat: |
Armis, which provides enterprise IT and IoT security tools, raises $300M at a $3.4B post-money valuation, up from $2B in February 2021 — Armis, which provides a visibility and security platform for all assets within an enterprise including IT and IoT, announced it has raised $300 million …
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SiliconANGLE, Globes Online, CRN, CTech, PR Newswire, Armis, and SecurityWeek
| Warren P. Strobel / Wall Street Journal: |
A look at the challenges spies face with biometrics, smartphones, and surveillance cameras, and how AI sifting through data changes espionage — U.S., rivals seek ways to adapt spycraft to a changing world; being on the grid can blow your cover, but so can staying off
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9to5Mac. Tweets: @jessmarindavis, @niubi, @tuomorusila, @evanselinger, @jayshams, and @vmsalama
| Dean Takahashi / VentureBeat: |
Q&A with Forte founder and CEO Josh Williams on Forte's $725M Series B, adding “real purpose” to speculation-fueled tokens via games, potential regulation, more — Forte raised $725 million on the expectation that it will provide the building blocks for triple-A game companies to make NFT games.Sponsor Posts
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Hard Fork:
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