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November 29, 2024, 8:05 PM
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| Ingrid Lunden / TechCrunch: |
Sources: Meta plans to build a fiber-optic subsea cable that is 40,000+ kilometers long and extends around the world, a project that could cost more than $10B — Meta, the parent of Facebook, Instagram, and WhatsApp, is the second-biggest driver of internet usage globally.
More: The Verge, International Business Times, Business Insider, SiliconANGLE, Neowin, WinBuzzer, TechSpot, iPhone in Canada Blog, Nairametrics, Engadget, Silicon UK, Tom's Hardware, Telecoms Tech News, ZeroHedge News, Benzinga, NewsBytes, Reuters, CNBC, and Capacity Media
X: @sundeep, @jimpethokoukis, @deitaone, @lifebypixels, @ahamednishadh, @rohanpaul_ai, @jai_bhavnani, @ebitdaddy90, @pigol1, @lindenjohan, @rscottwilly, @thexcapitalist, @renesellmann, @skorusark, and @rihardjarc
Forums: r/technology and Slashdot
| Josh Rubin / Toronto.com: |
Major Canadian news organizations, including Torstar, Postmedia, and CBC, sue OpenAI, alleging breach of copyright and terms of use — A broad coalition of Canada's major news organizations, including the Toronto Star, Metroland Media, Postmedia, The Globe and Mail, The Canadian Press and CBC …
More: Postmedia, Washington Post, The Information, TechCrunch, The Indian Express, Reuters, CBC News, Business Insider, The Guardian, The Hill, The Verge, BetaKit, MobileSyrup, financialpost, iPhone in Canada Blog, The Hollywood Reporter, Deadline, Bloomberg, The Logic, and Globe and Mail
Bluesky: @mickeydjuric.bsky.social. X: @michellerempel, @gerritd, @mickeydjuric, @michellerempel, @michellerempel, @michellerempel, and @jtemperton. Forums: Slashdot
| Bloomberg: |
Experts worry about the unintended consequences of Australia's controversial but popular social media ban on under-16s; Meta, TikTok, and X expressed concerns — - Children under 16 barred from popular social media sites — Politicians under pressure to stem online bullying, grooming
More: Prime Minister of Australia, The Guardian, Associated Press, BBC, The Sun, Sherwood News, BetaNews, TechSpot, Silicon UK, TweakTown, The Indian Express, The Information, 9to5Mac, RedState, CCN.com, Yahoo News, The Economic Times, Silicon Republic, Deutsche Welle, Tech Xplore, The Guardian, The Independent, Business Today, CleanTechnica, CNN, News18, BusinessLIVE, SiliconANGLE, Kyodo News+, ABC, New York Times, Reuters, Crikey, The Register, WAGA-TV, Benzinga, Tech.co, iPhone in Canada Blog, The Sun, The Verge, Engadget, IGN, Silicon Republic, Al Jazeera, Boing Boing, UPI, The Indian Express, Newser, Meta Australia Policy Blog, TechCrunch, Metro.co.uk, and Patently Apple
Mastodon: @ameel@mastodon.social. Bluesky: @bartorchard.daliban.social and @theronbaumann.bsky.social. X: @cameronwilson
LinkedIn: Marcus Carter and Stephan A. Schwartz
Forums: r/askspain and r/worldnews
| Victoria Kim / New York Times: |
More: The Information, Reuters, PhoneArena, CBC News, Fortune, The Indian Express, MediaPost, CMU, Wccftech, The Economic Times, Agence France-Presse, NewsBytes, 9News, Business Today, NEOS KOSMOS, The Guardian, NBC News, New York Times, ABC, Crikey, The Hill, Althouse, Business Insider, Forbes, Just The News, PhoneArena, Reuters, Axios, 9to5Mac, and Semafor
| Reuters: |
Delivery Hero's Talabat, one of the largest food delivery services in the UAE, sets its Dubai IPO price at the top end of its range and plans to raise ~$2B — Talabat, one of the largest food ordering businesses in the Middle East, is set to raise about $2 billion from the largest initial public offering …
More: Delivery Hero, Wall Street Journal, Forbes ME, Bloomberg, Reuters, Bloomberg, and Tech in Asia
X: @_iainmartin, @niklasoestberg, and @talabat
| Bloomberg: |
Japan allocates another $9.9B to boost its chip, quantum computing, and AI endeavors, with an undisclosed amount going to chip startup Rapidus — - Ishiba promised more than ¥10 trillion in outlays on chips, AI — Some of the funds are seen going to foundry startup Rapidus| Manish Singh / TechCrunch: |
Filing: Zomato has raised $1B by issuing approximately 336.5M shares at about $3 each, its first major fundraise since its 2021 IPO — Indian food delivery app Zomato has raised $1 billion from institutional investors, completing its first major fundraise since its 2021 IPO.
More: Tech Funding News, Inc42 Media, and YourStory.com
| Akila Quinio / Financial Times: |
Sources: European regulators rebuked Wise in 2022 after finding it lacked proof of address for hundreds of thousands of customers, forcing it into remediation — Regulatory review in 2022 found fintech lacked proof of address for hundreds of thousands of customers
More: Tech Monitor, PYMNTS.com, The Paypers, Finextra, and Reuters
| Financial Times: |
Sequoia's former China unit HongShan is pushing for deals in Europe and North Asia, as it struggles to deploy $9B due to a weak domestic market and US controls — Neil Shen's HongShan has struggled to invest its $9bn cash pile in a weak domestic market and tough US controls
More: TechCrunch, Inc42 Media, and This Week in Fintech
| Casey Hall / Reuters: |
Chinese food delivery giant Meituan reports Q3 revenue up 22.4% YoY to $12.9B, net profit up 3x YoY to $1.78B, and core delivery business up 20.2% YoY to $9.57B — China's largest food delivery firm Meituan (3690.HK) posted a bigger-than-expected 22.4% rise in third-quarter revenue on Friday, defying sluggish Chinese consumption.
More: South China Morning Post, Meituan, Wall Street Journal, Bloomberg, and Tech in Asia
| Claire Che / Bloomberg: |
Didi reports Q3 revenue up 5% YoY to $7.44B and a net income of $128M, its second straight quarterly profit, as the company prepares for a Hong Kong IPO — How Swiggy Beat Amazon to 13-Minute Grocery Deliveries in India … Quicktake
More: DiDi Global, Reuters, and Tech in Asia
| Ismail Shakil / Reuters: |
Canada's Competition Bureau sues Google over alleged anti-competitive conduct in online advertising, seeking Google to sell two of its ad tech tools and more — Canada's Competition Bureau is suing Alphabet's (GOOGL.O) Google over alleged anti-competitive conduct in online advertising, the antitrust watchdog said on Thursday.
More: Government of Canada, PYMNTS.com, Engadget, Wall Street Journal, AzerNews, Silicon UK, Global Competition Review, nextpit, MobileSyrup, Kidscreen, Hotel News Resource, TechRadar, Notebookcheck, Tech Monitor, Computerworld, Verdict, RTÉ, Proactive, Bloomberg, MediaPost, Neowin, UPI, New York Times, BERNAMA, The Hill, Business Insider, Hindustan Times, The Economic Times, Associated Press, BetaKit, Toronto Star, theprovince, BBC, SiliconANGLE, calgaryherald, Canadian Press, NewsBytes, TipRanks Financial, Benzinga, Times Colonist, Globe and Mail, iPhone in Canada Blog, and Pixel Envy
Bluesky: @kint.bsky.social. X: @compbureau, @khushitavasant, @chrispavlovski, @mediamorphis, @jason_kint, @mgeist, @jason_kint, and @paulvieira. LinkedIn: Gunes Menghwar
Forums: r/technology and Slashdot
| Sergiu Gatlan / BleepingComputer: |
Report: Russia arrested notorious cybercriminal Mikhail Matveev for developing malware and running hacking groups; US DOJ filed charges against him in 2023 — Russian citizen and notorious ransomware affiliate Mikhail Pavlovich Matveev (also known as Wazawaka, Uhodiransomwar, m1x …
More: Engadget and DataBreaches.Net
| Shannon Connellan / Mashable: |
Bluesky replies now default to appear by “hotness”, which weights liked replies that are more recent more heavily; some say this rewards clout farming like X — Not everyone is happy about it being the default. — Bluesky replies will now default to appear by “hotness” … Sponsor Posts
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Cheeky Pint:
Ben Thompson from Stratechery on AI ads, the end of SaaS, and the future of media
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Threads: @marietkay.writes. Bluesky: @marcorinaldi.bsky.social, @canongate.co.uk, and @suyidavies.com
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| Mathieu Pollet / Politico: |
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Bluesky: @zenmorph.bsky.social. X: @mathver, @mathver, @mathieupollet_, @digitaleu, and @catalinagoanta
Forums: r/Fuckthealtright, r/politics, and r/europe