Techmeme
June 15, 2020, 8:50 AM

Top News

Benjamin Mullin / Wall Street Journal:
Sources: at its current pace, Quibi will sign up fewer than 2M paying subscribers by the end of its first year, well under its original target of 7.4M  —  Two veteran executives with contrasting styles are launching Quibi, an on-the-go streaming service, during a pandemic
Amanda Meade / The Guardian:
In response to Australian regulator, Facebook says it will not pay for shared news links and that not having them at all would not significantly impact business  —  Social media giant rejects ACCC proposal, saying it could cut out news completely without any significant impact on its business
Financial Times:
Sources: SoftBank has invested $500M+ into Credit Suisse supply-chain finance funds that then made big bets on the debt of struggling SoftBank-backed startups  —  Japanese conglomerate engages in circular flow of financing to Vision Fund start-ups  —  SoftBank has quietly poured more than $500m …
Catalin Cimpanu / ZDNet:
GitHub CEO says company is working to replace the name “master” for the default version of source code repositories with a more neutral term  —  GitHub getting on board legitimizes movement aimed at removing racially-charged language from software.
Manish Singh / TechCrunch:
ByteDance says it's shutting down two of its apps in India, Vigo Lite and Vigo Video, the latter of which reportedly had 4M MAUs, urging users to move to TikTok  —  Chinese internet giant ByteDance has announced plans to discontinue two of its apps in India, its biggest overseas market, and urged users to move to TikTok.
David Ingram / NBC News:
US efforts to deploy COVID-19 contact tracing apps have fallen flat, as most states retreat from earlier interest and the few with an app struggle with adoption  —  At a briefing this week, New Jersey Gov. Phil Murphy touted his state's efforts to trace the spread of the coronavirus …
Nathan Baschez / Divinations:
Apple's efforts in health amount to a new OS, a bottleneck that all healthcare players, from providers to device makers, must integrate with to get distribution  —  Apple is building an operating system for health  —  This essay was co-authored by Rob Litterst and Nathan Baschez
Crystal Tse / Bloomberg:
Boston-based Duck Creek Technologies, a software provider for insurers, raises $230M ahead of a planned IPO  —  - Investors include Kayne Anderson Rudnick, Whale Rock Capital  — Insurance software maker announced filing last year for IPO  —  Duck Creek Technologies …

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