Techmeme
December 7, 2020, 10:10 AM

Top News

Bloomberg:
Sources: Apple is preparing new Apple Silicon-powered MacBook Pros, iMacs, and Mac Pros for as early as spring 2021; full Mac transition will finish in 2022  —  - Company tests faster performing processors than Intel's best  — Major graphics boost in the works for upcoming desktop Macs
Maureen Farrell / Wall Street Journal:
Sources: Airbnb plans to boost the proposed price range of its IPO to between $56 and $60 a share, which equates to a valuation of $39B to $42B, fully diluted  —  New price range for home-rental company's public debut equates to $39 billion to $42 billion, fully diluted
Financial Times:
Inside Disney's costly online push while its lucrative legacy businesses decline, as sources say the success of Disney+ diminished Disney's interest in Hulu  —  Media empire must sustain its costly online push while its lucrative legacy businesses decline  —  The Walt Disney Company …
Bloomberg:
Source: investors in at least two mature Sequoia funds will see 11X returns on paper, after fees, and another fund is showing 8X returns  —  About a week before the coronavirus was declared a pandemic, one of the world's leading venture capital firms issued a dire prophecy.
Nilesh Christopher / Rest of World:
Facing a nationalist backlash in India, Xiaomi has rebranded itself as a local manufacturer, unlike other Chinese brands that retreated from the limelight  —  Facing a nationalist backlash in India, Xiaomi has rebranded itself as a local manufacturer.  —  • BANGALORE, INDIA
Jane Lytvynenko / BuzzFeed News:
This year, disinformation about the pandemic, BLM protests, and the election divided the US, with “Plandemic” as a case study of social networks' failures  —  Disinformation and its fallout have defined 2020, the year of the infodemic.  Month after month, self-serving social media companies …
Christopher Mims / Wall Street Journal:
Some Black startup founders are finding it easier to attract investors in 2020, as investors are accessible on Zoom and creating diversity-focused funds  —  An unexpected side-effect of lockdowns: It can be easier to get a meeting with a venture capitalist.
Kevin Roose / New York Times:
How Biden's digital campaign, largely focused on positive, authentic messaging and “Facebook moms”, defeated Trump's “Death Star” digital operation  —  The campaign's empathetic digital strategy held up surprisingly well against President Trump's passionate digital following.
Annie Palmer / CNBC:
Filing: e-commerce marketplace Wish aims to raise $1.1B in its IPO at a $14.1B valuation, pricing shares at $22-$24; Wish was last valued at $11.2B in Aug. 2019  —  - E-commerce marketplace Wish is aiming to raise roughly $1.1 billion in its upcoming initial public offering, giving it a valuation of up to $14.07 billion.
More: Reuters

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