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November 30, 2021, 1:50 PM
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Jon Porter / The Verge:
UK's CMA orders Meta to sell Giphy, after finding the deal could harm rival platforms by denying access to GIFs, social media users, and UK advertisers  —  After its investigation found it could harm competition  —  The UK's competition regulator has officially ruled that Facebook parent …
Casey Newton / The Verge:
Possible reasons Dorsey stepped down, including activist investors and disinterest in the role, and what to expect from Parag Agarwal, who has focused on crypto  —  Theories on why now, and what to expect from Parag Agrawal's Twitter  —  This story is part of a group of stories called
New York Times:
Profile of Twitter's new CEO Parag Agrawal, little known to the public and a Jack Dorsey confidant who has been involved in many big strategic initiatives  —  A longtime Twitter insider and a confidant of co-founder Jack Dorsey, Mr. Agrawal takes over as the social media company confronts various challenges.
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.
More: New York Times, Bloomberg, NPR, Engadget, Fortune, TechCrunch, Wall Street Journal, Tech.co, ZeroHedge, Light Reading, Thurrott, Pocketnow, Axios, Reuters, Benzinga, Bitcoin News, The Economic Times, Micky, BGR India, Livemint, CoinGeek, CNET, Coinspeaker, ExchangeWire.com, BitcoinExchangeGuide, Politico, fossbytes.com, TechCabal, CNBC, American Banker, MediaNama, BBC, and Silicon Canals
Tweets: @paraga, @patrickc, @jack, @jack, @elonmusk, @sundarpichai, @kfile, @alexeheath, @alexeheath, @ritholtz, @d_lux_brand, @gautam_adani, @alexeheath, @caseynewton, @sam_l_shead, @donie, @techemails, @stejormur, @kantrowitz, @parkermolloy, @thedailyshow, @dril, @kantrowitz, @pierce, @maxkennerly, @suhelseth, @chandrarsrikant, @malemayehou, @nisharotech, @varunkrish, @tomgara, @smalter, @epro, @panzer, @neerajka, @sherman4949, @danprimack, @milessuter, @zei_squirrel, @cz_binance, @btaylor, @byyourlogic, @jaboukie, @balajis, @ilanmuskat, @alexisohanian, @ericnewcomer, @pt, @stshank, @carnage4life, @carnage4life, @sahilriz, @sidin, @mmasnick, @rmac18, @mattocko, @mathewi, @rmac18, @danprimack, @caseynewton, @levie, @ggreenwald, @kellymakena, @kellymakena, @pkafka, @krangtnelson, @panzer, @seldo, @kateconger, @panzer, @44, @matt_levine, @laurengoode, @danprimack, @kurtwagner8, @marklittlenews, @shreyaghoshal, @caseynewton, @sherman4949, @rmac18, @pt, @llsethj, @sriramk, @pranavdixit, @levie, @sirsteven, @rmac18, @ceciliakang, @mgsiegler, @techledes, @nedsegal, @felixsalmon, @strngwys, @markmilian, @ishanagarwal24, @micsolana, @joshelman, @strngwys, @johnbiggs, @janewakefield, @b_fung, @kt_so_it_goes, @tomwarren, @charlesarthur, @jamesliamcook, @jimwaterson, @pinboard, @sonalibasak, @iansherr, @stevekovach, @mims, @jamestitcomb, @sherman4949, @phil_lewis_, @can, @rachelking, @sarafischer, @sherman4949, @danprimack, @sam_l_shead, and @ceciliakang
Kris Holt / Engadget:
Twitter bans sharing private images and videos without consent, with exceptions for newsworthiness and public figures, and will remove content that users report  —  Twitter has expanded its private information policy to include media, banning users from sharing photos or videos of a private individual without their permission.
Kurt Wagner / Bloomberg:
David Marcus, the co-creator of Diem who spent the last few years building the Novi wallet, is leaving Meta at the end of 2021 to pursue other projects  —  Marcus, who joined the tech giant in 2014, has struggled to get the Diem currency off the ground  —  David Marcus, one of the top executives …
Todd Bishop / GeekWire:
SEC filing: last week Satya Nadella sold half his Microsoft stock, worth more than $285M, weeks before Washington state implements its new capital gains tax  —  Microsoft CEO Satya Nadella sold half of his stake in the company in a series of transactions last week, divesting about 840,000 shares …
Frederic Lardinois / TechCrunch:
Amazon unveils SageMaker Canvas, a visual, no-code ML service aimed at business analysts, following similar offerings by Azure and others  —  AWS today announced a new machine learning service, Amazon SageMaker Canvas.  Unlike its existing machine learning services, the target audience …
Charity L. Scott / Wall Street Journal:
Adobe: online US consumers spent $7.1B by 9PM ET on Cyber Monday, below expectations and down from $10.8B in 2020, as many shoppers return to physical stores  —  Online retailers offered fewer discounts because of limited inventory, while more shoppers returned to stores
Sheelah Kolhatkar / New Yorker:
Profile of FTC Chair Lina Khan, as some longtime staffers worry she is underestimating the risks of pursuing aggressive antitrust cases that are likely to fail  —  As monopolies and other large companies gain increasing control of our daily lives, Khan is Joe Biden's pick to do something about it.
Mary Ann Azevedo / TechCrunch:
Fundbox, which offers lines of credit up to $150K to SMBs using AI to automate loan decisions, raises a $100M Series D at a $1.1B valuation  —  Fundbox, a company that offers loans to small businesses, announced today it has raised $100 million in a Series D round at a valuation of $1.1 billion.
More: Finextra and CTech
Kyt Dotson / SiliconANGLE:
Mainframe Industries, which develops cloud-native MMOs, raises a $23M Series B led by Andreessen Horowitz, bringing its total funding to $33.7M  —  Mainframe Industries, the startup behind the first cloud-native massively multiplayer online game, today announced it has raised $23 million in new funding led by Andreessen Horowitz.
Aisha Malik / TechCrunch:
Developer productivity service Raycast, which helps manage SaaS tools, raises a $15M Series A led by Accel and Coatue  —  Developer-focused productivity tool Raycast has raised $15 million in Series A funding, led by Accel and Coatue.  Also participating in the round were angel investors Johnny Boufarhat …
More: Tech.eu and FinSMEs
Finextra:
London-based Plum, a money management app, raises a $24M Series A from dmg ventures and others, bringing its total funding to $43M  —  Plum, Europe's ultimate money management app, has successfully raised a total of $24 million from a Series A funding round that will help propel …

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From Mediagazer

Ashley Capoot / CNBC:
Disney and OpenAI sign a three-year deal to bring 200+ Disney characters to Sora; Disney makes a $1B investment in OpenAI and will become a major OpenAI client

Dominick Mastrangelo / The Hill:
President Trump told reporters “it's imperative” for CNN to be sold: “Any deal it should be guaranteed and certain that CNN is part of it or sold separately”

Dan Friedman / Mother Jones:
Jack Posobiec, a new Pentagon press corps member, seems to be working in coordination with the Pentagon to threaten a journalist writing about a DoD official

More News

Earlier Picks

Annie Palmer / CNBC:
The Retail, Wholesale and Department Store Union says the NLRB has authorized a new election for Amazon warehouse workers in Alabama
Natasha Lomas / TechCrunch:
Citing “alleged serious breaches” of data protection laws, UK's ICO notifies Clearview AI of its provisional intention to fine the company £17M+
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