Techmeme
April 30, 2020, 4:10 PM

Top News

Dan Primack / Axios:
Andreessen Horowitz raises $515M for its second fund dedicated to cryptocurrency and blockchain investments and holdings  —  Venture capital firm Andreessen Horowitz has raised $515 million for its second fund dedicated to cryptocurrency and blockchain technologies.
Tom Warren / The Verge:
Zoom admits it doesn't have 300M DAUs, quietly correcting a misleading claim in its original blog post, which now says 300M “daily Zoom meeting participants”  —  Zoom quietly updated a blog post earlier this month  —  Zoom has admitted it doesn't have 300 million daily active users.
Les Pounder / Tom's Hardware:
Raspberry Pi announces a new $50 camera board with a 12MP Sony sensor and support for interchangeable lenses  —  Great flexibility and resolution make the Raspberry Pi High Quality Camera a winner.  —  OUR VERDICT  —  With interchangeable lenses and a 12-MP sensor, the Raspberry Pi High …
Alex Konrad / Forbes:
Design software startup Figma raises $50M Series D led by Andreessen Horowitz at a $2B valuation  —  Covering venture capital, software and startups  —  Figma CEO Dylan Field has enjoyed watching his design software take off in bizarre ways in recent weeks.
New York Times:
Facebook, Twitter, and YouTube have declined to remove Trump's comments on UV and disinfectants curing COVID-19, despite commitments to removing misinformation  —  Facebook, Twitter and YouTube have declined to remove the president's statements about unproven coronavirus treatments.
Taylor Lyles / The Verge:
Facebook rolls out a tool that lets users in the US and Canada transfer their photos and videos to Google Photos as part of the Data Transfer Project  —  Facebook launched the tool in Ireland last year  —  Facebook is rolling out a new tool today allowing users in the US and Canada to transfer …
Dr. Ian Cutress / AnandTech:
Intel launches flagship 10th-gen Comet Lake desktop CPUs with 10 cores based on its Skylake architecture; the $488 Core i9-10900K CPU can reach 5.3GHz  —  Today we get the full range of its Intel's 10th Generation processors for desktops.  These chips, which fall under the banner of ‘Comet Lake’ …
Ingrid Lunden / TechCrunch:
Twitter reports Q1 sales up 3% YoY to $808M as it swings to a net loss of $8M due to COVID-19; mDAUs hit a record 166M, up 24% YoY; stock opens down ~6%  —  Despite traffic for many online properties being at an all-time high, advertising has fallen off a cliff because of the downturn …
TrendForce:
Global smartphone production in Q1 fell by 10% YoY to ~280M, the lowest in five years, and is estimated to drop by 16.5% YoY to ~287M in Q2  —  - TrendForce has revised down its forecast of yearly smartphone production volume to 1.24 billion units, an 11.3% decrease YoY, given weakening end-product demand.
Chaim Gartenberg / The Verge:
Motorola Edge Plus review: top-tier specs, good camera, solid battery life, but it's not waterproof, edge display has issues, and it's Verizon exclusive  —  When great just isn't good enough  —  After years mainly spent in the midrange phone market, Motorola burst back into the spotlight …
Brian Heater / TechCrunch:
Joe Biden names Apple's VP for Public Policy Cynthia Hogan to his four-strong VP selection committee; Hogan was Biden's Chief Counsel in the Senate and as VP  —  Joe Biden's campaign this morning announced that it has chosen a team to vet potential running mates for the presumptive Democratic presidential nominee.
Yoolim Lee / Bloomberg:
Grab, which has 6,000 employees and was last valued at $14B, is asking staff to go on voluntary unpaid leave or take reduced working hours to avoid job cuts  —  - Ride-hailing firm says it's actively trying to ‘conserve cash’  — Southeast Asia's most valuable startup has 6,000 employees
Catalin Cimpanu / ZDNet:
Google introduces new rules for the Chrome Web Store to cut down on spammy extensions; developers must comply by August 27 or extensions will be delisted  —  Google plans to remove a bunch of garbage and useless Chrome extensions from the Web Store.  —  Google announced today new rules …
Anna Baydakova / CoinDesk:
Telegram postpones the launch of its TON blockchain for a second time, pushing the go-live date to April 2021, and offers to return $1.2B to investors  —  Messaging app Telegram postponed the launch of its TON blockchain for a second time on Wednesday, pushing the new go-live date to April 2021 …
Bloomberg:
Sources: construction software company Procore called off its IPO and instead raised $150M at a $5B valuation, but may still go public in 2020  —  - Construction software company raised more than $150 million  — It had filed for U.S. initial public offering in February

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