Techmeme
December 10, 2020, 3:00 AM

Top News

Federal Trade Commission:
FTC, in coalition with 46 state AGs, plus Guam and DC, sues Facebook, alleging Instagram and WhatsApp acquisitions were used to stifle competition  —  Agency challenges Facebook's multi-year course of unlawful conduct  —  The Federal Trade Commission today sued Facebook …
More: New York Times, Federal Trade Commission, NBC News, CNBC, Ars Technica, Wall Street Journal, Washington Post, BuzzFeed News, OneZero , Los Angeles Times, CNET, Politico, ABC News, Gizmodo, Tubefilter, The Register, Business Insider, SiliconANGLE, MSPoweruser, BBC, Social Media Today, AdExchanger, Tom's Guide, iDownloadBlog.com, Mashable, Tom's Hardware, GeekWire, Road to VR, iMore, ZDNet, Forbes, Neowin, Washington Post, The Logic, Slate, Platformer, Light Reading, Fortune, Android Central, MIT Technology Review, MacRumors, PYMNTS.com, Ubergizmo, Politico, Protocol, Forrester, and Reclaim The Net
Jennifer Newstead / About Facebook:
Facebook responds to the FTC and state AGs, saying the lawsuits they've brought forth are “revisionist history” and their antitrust case is unprecedented  —  Billions of people use Facebook's products every day.  To earn their time and attention, we compete fiercely against many other services across the world.
NY State Attorney General:
New York AG Letitia James leads a coalition of 48 AGs in suing Facebook, alleging the company uses a “buy or bury” approach toward its competitors  —  AG James Leads Bipartisan Coalition of 48 Attorneys General Charging Anticompetitive Conduct  —  Facebook Thwarted Competition, Reduced Consumer Privacy for Profits
The Verge:
FTC's antitrust lawsuit against Facebook seeks to unwind Instagram and WhatsApp acquisitions, force Facebook to seek approval for future acquisitions, and more  —  New York Attorney General Letitia James announced the lawsuit on Wednesday  —  On Wednesday, New York Attorney General Letitia James announced …
Kurt Wagner / Bloomberg:
Ina Fried / Axios:
Internal memo: Sundar Pichai apologizes over the handling of AI ethics researcher Timnit Gebru's departure and says he will investigate  —  Google CEO Sundar Pichai apologized Wednesday for the company's handling of the departure of AI ethics researcher Timnit Gebru and said he would investigate …
D. M. Moore / Polygon:
AT&T has agreed to sell Japanese anime streaming service Crunchyroll to Sony's Funimation Global Group for $1.18B  —  The move consolidates the anime industry in a major way  —  On Wednesday, Sony Pictures Entertainment Inc. announced that AT&T and WarnerMedia agreed to sell Crunchyroll to Funimation.
Byron Tau / Wall Street Journal:
Apple and Google to ban mobile apps that use location trackers from data broker X-Mode, after it was revealed X-Mode provided data to US government contractors  —  After the data broker came under scrutiny for national-security work, tech giants tell app developers to remove trackers or lose access to their operating systems
Catalin Cimpanu / ZDNet:
Adobe has released its final scheduled Flash Player update for all regions outside of mainland China, says it will block Flash content from January 12  —  Adobe releases final Flash update with stronger language asking users to uninstall the app before its EOL.
YouTube Official Blog:
YouTube says it will remove any content published from today that alleges widespread fraud or errors changed the 2020 US Presidential election outcome  —  Over the past weeks and months, we've seen people coming to YouTube to learn more about where and how to vote or learning more about a candidate or an issue.
Sara Fischer / Axios:
WhatsApp says that Apple's new privacy labels are anti-competitive; Apple responds by confirming its own apps will include the “nutrition labels”  —  Facebook's global messaging service WhatsApp is protesting Apple's requirement that app owners submit information about the user data …
Jessica Bursztynsky / CNBC:
DoorDash closes at $189.51, up 85% from its $102 pricing, after popping to $182 as the shares began trading, giving a valuation of $60.2B  —  - Shares of DoorDash, a leading food delivery app, started trading on the New York Stock Exchange on Wednesday.  — The stock began trading at $182 per share and closed at $189.51.
Natasha Mascarenhas / TechCrunch:
Squire, which develops software for barbershops, raises $59M Series C led by Iconiq Capital at a $250M valuation, just months after raising a $34M Series B  —  Squire, a startup that sells software to barbershops, has raised $59 million in a round led by Iconiq Capital.
Kyle Wiggers / VentureBeat:
Parallel Domain, which is developing a synthetic data generation tool for accelerating the development of computer vision tech, raises $11M Series A  —  Parallel Domain, a startup developing a synthetic data generation platform for AI and machine learning applications, today emerged from stealth with $11 million in funding.
Bloomberg:
AI services provider C3.ai closes up 120.2% on its first day of trading, valuing the company at ~$8.9B, after raising $651M in its IPO  —  C3.ai Inc., the software maker founded by former Oracle Corp. executive Tom Siebel, rose as much as 174% in its trading debut after raising $651 million …
More: Fortune
Che Pan / South China Morning Post:
Semiconductor software design startup X-Epic raises $30.6M Series A, its third round in three months as China seeks self-reliance in the semiconductor industry  —  X-Epic, a rising star in China's EDA industry, has raised an estimated US$60 million this year China is trying to chip away …
Catherine Shu / TechCrunch:
Seoul-based CHAI, whose API helps e-commerce companies accept over 20 payment options, has raised $60M Series B, following a $15M Series A in February  —  Demand for contactless payments and e-commerce has grown in South Korea during the COVID-19 pandemic.  This is good news …

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