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December 6, 2019, 6:55 PM
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| Adi Robertson / The Verge: |
Report: Magic Leap sold ~6,000 headsets in six months after release, compared to a goal of 100,000 in the first year, and recently laid off dozens of employees — And Google CEO Sundar Pichai reportedly left its board — Magic Leap's sales numbers reportedly haven't matched CEO Rony …
Source:
The Information. More:
9to5Google, Yahoo Finance, CNET, Mashable, MSPoweruser, TechSpot, New World Notes, Gamasutra, Tom's Guide, and SlashGear
| Jacob Pramuk / CNBC: |
Bernie Sanders unveils a “High-Speed Internet for All” plan with $150B to build publicly owned broadband networks, wants to break up ISPs like Comcast and AT&T — - Bernie Sanders announces a plan to expand rural broadband internet access and break up giant internet service providers.
More:
Bernie Sanders, The Verge, VICE, The Hill, Engadget, Digital Trends, Variety, TechSpot, and Gizmodo
| Sohee Kim / Bloomberg: |
Sources: Galaxy S11 and Galaxy Fold clamshell to sport a 108MP sensor for the main camera and 5x optical zoom, with S11 also getting an ultrawide-angle lens — - The Galaxy S11 and clamshell Galaxy Fold will feature 5x zoom — Next flagship to have almost every camera phone feature
More:
Gizmodo, SamMobile, Droid Life, Redmond Pie, SiliconANGLE, MacRumors, SlashGear, Gizchina, Tom's Guide, Neowin, iDownloadBlog.com, Digital Trends, Android Headlines, Business Insider, 9to5Google, Android Police, KnowTechie, iPhone in Canada Blog, TechSpot, CNET, iPhone Hacks, Android Central, International Business Times, Engadget, The Register, Thurrott, Android Authority, MSPoweruser, PhoneArena, Yahoo Finance, Pocketnow, XDA Developers, Mashable, and Gearburn. Tweets: @zck
| Adi Robertson / The Verge: |
Adobe is acquiring Oculus Medium, a virtual reality sculpting tool launched in 2015, from Facebook — New updates will be coming in 2020 — Adobe is acquiring Oculus Medium, a virtual reality sculpting tool originally revealed by the Facebook-owned VR company in 2015.
More:
Oculus Blog, Silicon Valley Business …, Road to VR, VRFocus, Gamasutra, and UploadVR
Tweets: @oculusmedium, @ericsnowden, @joshconstine, @sculptrvr, @sculptrvr, @hmltn, and @steveteeps
| Ari Levy / CNBC: |
SEC has rejected NYSE's proposal to allow companies going public through a direct listing to raise capital at the same time — - Last week, the New York Stock Exchange filed for a rule change that would allow companies in a direct listing to raise capital.| Monica Nickelsburg / GeekWire: |
Amazon expands Bezos' elite ‘S-team’, adding 6 execs from its emerging branches such as advertising and fashion, bringing the number of execs on the team to 22 — Amazon's executive suite, nicknamed the “S-team,” is adding six new members as the company doubles down on emerging fields such as advertising and fashion.| Brian Feldman / New York Magazine: |
Facebook's tactic of announcing features for a small minority of its users often garners positive press coverage, even if the features aren't live for most — Yesterday, Facebook announced an uncharacteristically useful tool, one that would transfer photos from a user's Facebook account to their Google Photos account.
Tweets: @bafeldman, @wolfiechristl, @mathewi, @mikeisaac, @karissabe, @wongmjane, @yoda, and @bafeldman
| Vikas SN / The Economic Times: |
Netflix says it is spending ~$420M on content in India over the next year, a majority of which will be on original programming — India has emerged as a crucial content hub for Netflix which is facing increased competition in India and around the world — Netflix plans to spend Rs 3,000 crore …
More:
TechCrunch, Bloomberg, and South China Morning Post
| Kelsey Sutton / Adweek: |
Survey: 50% plan to subscribe to new OTT services, of which 64% intend to downgrade or cancel existing subs; users say they spend ~$76/month on average on video — 25% of people are actively looking to cancel video subscriptions, according to a new PwC survey — Key Insights:| Scott Stein / CNET: |
Qualcomm unveils 5G-compatible Snapdragon XR2 to power standalone headsets, says it is working with Niantic Labs to develop a reference design for smart glasses — VR headsets take you places and AR headsets show you things in the real world that aren't really there.
More:
Niantic, Qualcomm, PCMag, VentureBeat, Gamasutra, TechSpot, RCR Wireless News, Inquirer, The Next Web, and Digital Trends
Tweets: @jetscott, @markhachman, and @scobleizer
| Chaim Gartenberg / The Verge: |
More:
Qualcomm, Windows Central, ZDNet, VentureBeat, PCWorld, Android Authority, The Register, and TechRadar.com
Tweets: @patrickmoorhead and @backlon
| David Cohen / Adweek: |
Foursquare CEO Jeff Glueck is leaving at the end of the year, to be replaced by David Shim, who joined Foursquare as president in June — Jeff Glueck is leaving after leading the company for 4 years — David Shim, who joined the location-based recommendation platform Foursquare as president in June … | Brian Barrett / Wired: |
DOJ charges two members of Evil Corp, a Russian hacker gang behind the Dridex malware, which allegedly stole $100M+ from banks; US Treasury sanctions Evil Corp — The US is charging Maksim Yakubets over two of the biggest cybertheft campaigns of the last decade, and offers a record reward for information on the case.| Hugh Son / CNBC: |
Sources: digital bank Chime raises $500M Series E at a $5.8B valuation led by DST Global, just nine months after its Series D which valued Chime at $1.5B — - Chime, valued at $1.5 billion in March, is now pegged at $5.8 billion just nine months later, according to people with knowledge of the matter.
More:
Crowdfund Insider, Finextra, Forbes, and PYMNTS.com
Tweets: @ryan_browne_, @iankar_, and @mmurph
| Kate Clark / TechCrunch: |
Profile of VSCO, a photo-sharing app with a reported valuation of $550M, which is trending towards 4M paying users in 2020, up from 2M in late 2018 — No likes, no comments, no follower count — VSCO sells a sense of belonging — Long before Instagram toyed with removing “likes,” VSCO …
Tweets: @jessiechar, @joeldflory, @benterry, @kateclarktweets, @mengxilu, @kateclarktweets, and @dinsmore_steele. Thanks:@callum_gd
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