Techmeme
February 25, 2020, 7:20 AM

Top News

Ingrid Lunden / TechCrunch:
Intuit confirms that it is buying Credit Karma for $7.1B in cash and stock, says it plans to keep Credit Karma as a standalone operation  —  The week is kicking off with a major piece of M&A in the world of financial technology startups.  Today Intuit — the accounting …
Michael Potuck / 9to5Mac:
Kuo: Apple will release its first ARM-based Mac in the next 12 to 18 months, using an Apple designed chip instead of an Intel processor  —  Ming-Chi Kuo is out with a new analyst note today and the most interesting part of the forecast is that Apple will release its first Mac with its own processor in the first half of 2021.
Nick Turner / Bloomberg:
Netflix says it will launch top 10 lists to rank the most popular shows and movies, updated daily, after testing the feature in Mexico and the UK  —  - Top 10 lists will be rolled out after tests in U.K. and Mexico  — New feature will appear in the service and be updated daily
Sarah Emerson / OneZero :
Survey of 11,500+ H-1B visa holders at US tech companies finds discomfort with Trump's policies, with many feeling their place in the US is highly conditional  —  OneZero conducted a 10,000-person poll to shed light on the plight of H-1B workers  —  This article is part of Into the Valley …
Gareth Corfield / The Register:
Samsung discloses website breach after some users see strangers' data and says an unrelated glitch caused push notifications to users from Find My Mobile app  —  Tight-lipped chaebol still won't talk about the dodgy app, though  —  Samsung has admitted that what it calls a “small number” …
Ryan Browne / CNBC:
Revolut, a UK-based digital bank and payments company, raises $500M led by TCV at a $5.5B valuation, 3x its value from Apr. 2018, bringing total raised to $836M  —  - Revolut has raised $500 million in a funding round led by TCV, an early investor in Facebook and Netflix.
David Gilbert / VICE:
As China ramps up efforts to control the narrative around the coronavirus outbreak, it is leveraging platforms like WeChat and Twitter to track down critics  —  Joshua Left, a 28-year-old entrepreneur who runs a self-driving car startup in Wuhan, China, arrived in San Francisco in mid-January for a vacation …
Taylor Soper / GeekWire:
Expedia is laying off ~3,000 employees, 12% of its workforce, says it has been “pursuing growth in an unhealthy and undisciplined way” in email to employees  —  Expedia Group is laying off 12 percent of its workforce, about 3,000 employees, in an effort to “streamline and focus” …
More: CNBC and Seeking AlphaThanks:@cskuhlman
Michael McWhertor / Polygon:
Microsoft reveals more Xbox Series X details: 12 teraflops of GPU performance, up 2x from the Xbox One X; support for 8K gaming; and a “quick resume” feature  —  Next-generation Xbox boasts 12 teraflops GPU  —  Microsoft revealed new details on its next-generation console …
Ingrid Lunden / TechCrunch:
Graphcore, which designs processors for AI applications, raises $150M extension to its Series D at a $1.95B valuation  —  The UK has a strong history when it comes to processors, but the global chip market has seen some ups and downs of late.  Today comes some big news that underscores …

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