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January 11, 2022, 7:55 PM
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memeorandum
WeSmirchTop News
| Cat Zakrzewski / Washington Post: |
Federal judge rules FTC's amended suit alleging Meta has a monopoly can move forward, after a ruling last year threw out FTC's complaint over lack of evidence — The decision is a reversal of fortune for the agency after its first complaint was thrown out last year| Wall Street Journal: |
Citadel Securities, an electronic trading firm that works with Robinhood and others, raises $1.15B from Sequoia Capital and Paradigm, valuing it at ~$22B — Sequoia Capital's and Paradigm's $1.15 billion investment values the electronic-trading firm at around $22 billion
More:
The Block, Bloomberg, SiliconANGLE, New York Times, Forward March, Reuters, Bloomberg, Financial Times, CNBC, Crypto Briefing, Blockworks, CoinDesk, and Protocol
Tweets: @matthuang, @randallcornett, @iamnomad, @street_og_, @tradestrey, @alexandergerko, and @apompliano
| Meta: |
Meta elects DoorDash co-founder and CEO Tony Xu to its board of directors; Zuckerberg says Xu has experience “solving complex challenges in commerce” — Meta today announced that Tony Xu, co-founder and CEO of DoorDash, Inc., has been elected to the company's board of directors, effective immediately.
More:
Wall Street Journal, Protocol, Insider, TechCrunch, Bloomberg, Dow Jones Newswires, and Adweek
Facebook: Mark Zuckerberg. Tweets: @t_xu, @kennystoltz, @cityofthetown, @rabois, @ericnewcomer, @peterpham, @sarthakgh, @eliotwb, @warmoth, @kurtwagner8, @mikeisaac, and @post_market
| Nick Statt / Protocol: |
Clones of one-a-day word guessing web game Wordle spring up on the App Store, many with ads or subscriptions, capitalizing on Wordle's popularity — Wordle is the newest viral game taking over your Twitter feed and group chats, and with popularity comes cloning.
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The Verge, Engadget, MacRumors, AppleInsider, Gawker, appadvice.com, The Guardian, Android Police, NME, PC Gamer, Mashable, IGN, OS X Daily, Bloomberg, Polygon, 9to5Mac, and iPhone in Canada Blog
| The Korea Herald: |
Apple will let developers use alternative payment systems in South Korea, complying with a law banning app store operators from forcing their own IAP systems — Apple will allow alternative payment systems in South Korea in compliance with a new local law that bans app store operators …
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Reuters, Apple Newsroom, The Verge, TechCrunch, iPhone in Canada Blog, MacDailyNews, XDA Developers, PYMNTS.com, Wccftech, CNET, Computerworld, Digital Trends, MediaNama, 9to5Mac, iMore, Protocol, Cult of Mac, Engadget, MacRumors, WRAL TechWire, Philip Elmer‑DeWitt, and Six Colors
Tweets: @timsweeneyepic, @appfairness, @eric_seufert, @eric_seufert, and @wholemarsblog
| Ryan Smith / AnandTech: |
PCI Special Interest Group finalizes its PCIe 6.0 specification, doubling PCIe 5.0's speeds and reaching 128GBps in x16 slots; it is expected in servers in 2023 — This morning the PCI Special Interest Group (PCI-SIG) is releasing the much-awaited final (1.0) specification for PCI Express 6.0.
More:
Business Wire, PCMag, Wccftech, TechSpot, PCWorld, AppleInsider, and YouTube. Tweets: @anandtech
| Chance Miller / 9to5Mac: |
T-Mobile says it has “not broadly blocked” iCloud Private Relay, blaming a bug in iOS 15.2, but says customers with content filtering plans won't have access — T-Mobile has officially acknowledged a bug that has blocked some subscribers from using iCloud Private Relay when connected to cellular networking.
More:
The Verge, MacRumors, The Verge, Ars Technica, AppleInsider, Ubergizmo, iMore, iPhone in Canada Blog, Neowin, MSPoweruser, TechRadar, and MacDailyNews
Tweets: @markgurman and @chancehmiller
| Tom Warren / The Verge: |
Xbox players are frustrated with forced crossplay, arguing PC users are cheating; Phil Spencer rejected crossplay in 2016, saying a mouse and keyboard is faster — Xbox players can't escape some PC cheaters — Xbox players are growing increasingly frustrated at being forced to play against PC gamers.
More:
Halo Waypoint, XBoX Forums, Windows Central, TechRadar, SlashGear, Game Rant, TechSpot, and IGN
Tweets: @epro, @tomwarren, @drunkn_buddha, @carnage4life, @known_as_phenom, @kahliefadams, @jaglemans, and @carnage4life
| Mike Colias / Wall Street Journal: |
GM plans to launch an online used vehicle marketplace this spring called CarBravo, which will leverage its dealer network to compete with CarMax and Carvana — The Detroit auto maker is rolling out CarBravo, a new business that helps dealers put their used-car lots online| Mary Ann Azevedo / TechCrunch: |
Brex, which offers online financial tools for startups and SMBs, raises a $300M Series D-2 at a $12.3B valuation, bringing its total funding to $1.2B — In the latest fintech megaround, Brex has confirmed that it has raised $300 million in a Series D-2 round that ups its valuation to $12.3 billion.
More:
Protocol, American Banker, Finovate, Business Wire, PYMNTS.com, Crowdfund Insider, FinSMEs, and CTech
| Kara Swisher / New York Times: |
Interview with Microsoft's Phil Spencer on why he thinks the metaverse is an extension of gaming, sexual misconduct allegations at Activision Blizzard, and more — When you walk in the room, do you have sway? — I'm Kara Swisher, and you're listening to “Sway.”
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Windows Central, TechRadar, Rock, Paper, Shotgun, Polygon, The Verge, HotHardware.com News, Eurogamer.net, Engadget, PC Gamer, Gameranx, Ars Technica, Destructoid, Forbes, Tom's Guide, TechSpot, GamingBolt, purexbox.com, Gamereactor UK, Game Rant, Input, GameSpot, MSPoweruser, Game Developer, and Wccftech
Tweets: @nytopinion, @jasonschreier, @italianclownz, @yangcliu, @xcloudtimdog, and @rjcc
| Alan Boyle / GeekWire: |
Phoenix-based Mangata, which is building a satellite constellation for connectivity and edge computing for 2024, raises a $33M Series A led by Playground Global — BELLEVUE, Wash. — Mangata Networks, a Phoenix-based startup with links to the Seattle area, has closed a $33 million investment round … | Financial Times: |
Sources: Didi begins informal talks with the Hong Kong stock exchange about a public listing, as it courts state-backed groups to placate the Chinese government — China's leading ride-hailing app has begun negotiations — but obstacles are significant — Didi has begun informal discussions …
More:
South China Morning Post and PYMNTS.com
| TechCrunch: |
Peer-to-peer car sharing marketplace Turo files its S-1, showing it had a $97.1M net loss on net revenue of $149.9M in 2020, up 6% YoY — Peer-to-peer car-sharing startup Turo has released its filing to become a publicly traded company in the United States, a process the company began confidentially in August.
More:
Bloomberg, PhocusWire, Reuters, PYMNTS.com, TechCrunch, SiliconANGLE, The Verge, and Wall Street Journal
| Kif Leswing / CNBC: |
Meta delays a full return to offices until March 28 and requires that staff prove they got a COVID-19 booster shot; a deferral must be requested for remote work — - Facebook parent Meta Platforms said on Monday that it will require Covid-19 booster shots for employees.
More:
GeekWire, Wall Street Journal, The Register, PCMag, Silicon Valley Business …, and TheStreet
Tweets: @epro, @kurtwagner8, @tomaxwell, and @markgurman
| Washington Post: |
Sources: Trump declined offers from Gettr and Parler in favor of his own social media startup, and is frustrated with the slow development of TRUTH Social — Advisers say the former president is frustrated by the pace of development of his promised website, still months away from its launch
Tweets: @wendysiegelman, @austinj, @michaelkruse, @chaddickerson, @vermontgmg, @gaberivera, @darickr, @markseibel, @karaswisher, and @brianstelter
| Susan Decker / Bloomberg: |
Research: Huawei received 2,770 US patents in 2021, behind IBM, Samsung, Canon, and TSMC; US companies got under half of the 327,329 US patents issued in 2021 — Huawei Technologies Co. is continuing to move up the list of companies getting the most U.S. patents, according to a new study …
More:
PR Newswire, ZDNet, PYMNTS.com, and Huawei Central
| Javier Espinoza / Financial Times: |
As the EU finalizes its Digital Markets Act, Google is making a last-ditch lobbying effort with ads, emails, and social media posts targeted at politicians — Group targets Brussels officials and politicians with advertising, emails and social media posts — Google is making a last-ditch effort …
More:
SiliconANGLE and AppleInsider
Tweets: @jason_kint, @b_fung, @andreas_schwab, @financialtimes, and @stewartmcdonald
| David Cohen / Adweek: |
Mozilla's data sharing project Rally and The Markup launch Facebook Pixel Hunt, a study to investigate Meta's data collection and tracking practices — Firefox users who opt into ‘Facebook Pixel Hunt’ will use tools in the Rally browser extension
More:
The Mozilla Blog, Gizmodo, Malwarebytes Labs, and TechRadar
Tweets: @juliaangwin, @baekdal, @swodinsky, and @jason_kint
| Ingrid Lunden / TechCrunch: |
Miami-based Novo, a neobank for SMBs, raises a $90M Series B led by Stripes at a $700M valuation — Novo, the startup building a new kind of banking service from the ground up for small and medium businesses, has closed a significant round of funding to take the next step in growing its platform.
More:
PYMNTS.com, Business Wire, Crowdfund Insider, refreshmiami.com, FinSMEs, and Finextra. Tweets: @banknovo
| Niloofer Shaikh / Seeking Alpha: |
Automotive supplier Aptiv to buy Wind River, which makes embedded and edge computing software, from TPG for $4.3B in cash; Wind River had ~$400M in 2021 revenue — - Aptiv PLC (NYSE:APTV) is acquiring Wind River from TPG Capital for $4.3B in cash. — Wind River is delivering software for the intelligent edge.
More:
The Robot Report and Light Reading
Sponsor Posts
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Zoho Analytics Now Connects to Tally Prime — Most finance teams have two systems. The one where the numbers live, and the one where the numbers get understood. Tally Prime handles the first job well.
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Cheeky Pint:
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