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December 12, 2020, 2:15 PM
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| Rakesh Prakash / Times of India: |
Violent unrest erupts at Wistron's iPhone manufacturing plant near Bengaluru in India, sources say over the company's failure to pay promised wages — A screenshot of the video showing employees damaging properties at the iPhone manufacturing plant. — BENGALURU: The iPhone manufacturing plant …
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Tweets: @toibengaluru, @jgopikrishnan70, @aquariantruths, @cruelanu, @legalkant, and @rvaidya2000
| Maureen Farrell / Wall Street Journal: |
Internal memo: Roblox, citing soaring market debuts of Airbnb and DoorDash, says it is too difficult to price its shares and will delay its IPO until next year — Videogame company, citing Airbnb and DoorDash market debuts, says it is too difficult to price its shares
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Reuters, Protocol, Business Insider, and Finbold
Tweets: @juliey4, @nongaap, @mariodgabriele, @juliey4, @matt_cochrane7, @mr_james_c, @hshaban, @wsj, @saraheneedleman, @sherman4949, @tanayj, @shiraovide, and @arrington
| Jessica Bursztynsky / CNBC: |
Oracle says it is moving its corporate headquarters from Redwood City, CA to Austin, TX and will implement “a more flexible employee work location policy” — - Oracle is the latest tech company to relocate from California to Austin, Texas. — HPE announced its move to Houston earlier this month.
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| Joe Rossignol / MacRumors: |
Kuo: iPhone 13 mass production will return to Apple's usual timeframe and will not face the delays that the iPhone 12 lineup faced — While the iPhone 12 lineup launched later than usual due to the COVID-19 pandemic, analyst Ming-Chi Kuo today forecasted that mass production …
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| Liz O'Sullivan / Fast Company: |
Salesforce's acquisition of Slack is emblematic of a long-standing trend of defensive acquisitions by Big Tech and speaks to the impact of weak antitrust laws — Slack wanted to stay independent. But in a landscape dominated by tech giants, that proved impossible.
Tweets: @paulorf, @fastcompany, and @ophirgottlieb
| James R. Hagerty / Wall Street Journal: |
Eric Engstrom, one of the pioneers behind DirectX which helped make Windows a dominant gaming platform and paved the way for Xbox, died at 55 on December 1 — Eric Engstrom was part of rebellious team behind technology that paved way for Xbox — In the early 1990s, Microsoft Corp.'s … | Lauren Feiner / CNBC: |
Filing: California is seeking to join the DOJ's antitrust lawsuit against Google, making it the first Democratic state to request to join 11 GOP AGs in the suit — - California is seeking to join the Justice Department in its antitrust lawsuit against Google, according to a court filing the state submitted on Friday.
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Tweets: @agbecerra, @vmsalama, @wsj, @jamesvgrimaldi, and @lauren_feiner
| Romain Dillet / TechCrunch: |
Sweden-based MTG acquires Hutch Games, a London-based game studio behind popular mobile racing games such as Rebel Racing and F1 Manager, for up to $375M — Sweden's MTG is making a significant acquisition in the mobile gaming industry. The company is acquiring Hutch Games …
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Pocket Gamer.biz, GamesIndustry.biz, and Pocket Gamer.biz
| Steve Lohr / New York Times: |
Norman Abramson, the wireless network pioneer known for leading the development of Hawaii's ALOHAnet, died last week at 88 — His ALOHAnet, designed a half-century ago in Hawaii, was a precursor to the technology used in today's smartphones and home WiFi networks.
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The Verge and San Francisco Chronicle
Tweets: @donal888, @spyhi, @ka9q, @lewisshepherd, and @leapingrobot
| Nickie Louise / Tech Startups: |
Wisconsin-based Fetch Rewards raises $80M Series C led by ICONIQ Growth for its consumer loyalty and retail rewards app, bringing its total raised to $118M — Late last month, we wrote about the 50 most funded tech startups in the United States in 2020. Little did we know that Fetch Rewards …
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PR Newswire, Wall Street Journal, PitchBook, Pulse 2.0, and FinSMEs
| Sarah Harford / Silicon Republic: |
Ireland-based Immedis, whose software is used to process payroll in 150+ countries, raises $50M from Lead Edge Capital and is now valued at more than $575M — Irish tech company Immedis has secured $50m in investment from Lead Edge Capital, a growth-stage investment fund based in New York and California.| Julia Alexander / The Verge: |
Disney's stream of Disney+ announcements on Thursday finally delivered on ~$100B worth of acquisitions over 15 years of widely adored billion dollar franchises — Disney's big streaming event showed what Disney Plus will be — By the end of Disney's four-hour event … Sponsor Posts
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