Techmeme
February 3, 2021, 12:40 AM

Top News

Jeff Bezos / About Amazon:
In letter to employees, Bezos says his transition is not a retirement and he'll use his time to focus on the Day 1 Fund, Bezos Earth Fund, Blue Origin, and WaPo  —  Fellow Amazonians:  —  I'm excited to announce that this Q3 I'll transition to Executive Chair of the Amazon Board and Andy Jassy will become CEO.
Todd Haselton / CNBC:
Amazon says Jeff Bezos will step down as CEO and transition to the role of Executive Chair in Q3; AWS CEO Andy Jassy will become the CEO of Amazon at that time  —  Amazon announced on Tuesday that AWS CEO Andy Jassy will replace Jeff Bezos as CEO during the third quarter of this year.
Alphabet:
Alphabet Q4: revenue of $56.90B, up 23% YoY, Google Cloud revenue of $3.83B, up from $2.6B, and YouTube ads revenue of $6.89B, up from $4.7B; stock jumps 5%+  —  MOUNTAIN VIEW, Calif. - February 2, 2021 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter and fiscal year ended December 31, 2020.
Jesse Pound / CNBC:
GameStop's shares closed at $90, down from a peak of $483 last week, as other Reddit-fueled stock trades like AMC suffer similar reversals  —  - Shares of GameStop skidded further before Tuesday's opening bell, with shares of the volatile retail-trader favorite sliding more than 40%, and then extended those losses during market hours.
Kris Holt / Engadget:
Facebook rolls out Messenger for Oculus Quest users, as well as App Lab, letting devs distribute apps outside the Oculus Store without needing to sideload  —  Facebook is continuing to stitch its services more closely together — it's now rolling out Messenger on Oculus.
Ian Hamilton / UploadVR:
Bloomberg:
Apple reportedly plans $3.6B investment in Kia, may sign a deal on Feb. 17, aims to start making cars in Georgia in 2024, with initial target of 100K cars/year  —  - Local media report says deal may be signed later this month  — Hyundai last month confirmed then backed away from Apple talks
Mikey Campbell / AppleInsider:
Reuters:
Sources: Chinese hackers are thought to have hacked a payroll agency inside the US Dept. of Agriculture in 2020 by exploiting another bug in SolarWinds software  —  WASHINGTON (Reuters) - Suspected Chinese hackers exploited a flaw in software made by SolarWinds Corp to help break …
Ron Amadeo / Ars Technica:
Huawei's new beta of its in-house OS, “HarmonyOS”, is essentially an Android fork, despite Huawei's claim that it is a “completely different” OS  —  No discernible difference between Huawei's “all-new” OS and Android.  —  Huawei is China's—and formerly the world's …
Federal Trade Commission:
FTC says Amazon will pay $61.7M to settle charges that it withheld some customer tips from Flex drivers over 2.5 years; FTC will use the sum to pay the drivers  —  Settlement prohibits Amazon from misrepresenting driver earnings, pay or percent of tips paid to drivers, changing its handling of tips without drivers' consent
Konrad Putzier / Wall Street Journal:
Amazon unveils plans for part of its HQ2 in VA, including three 22-story office buildings and the Helix, a 350-foot building with spiraling outdoor walkways  —  Centerpiece of design is a 350-foot building dubbed the Helix, which features two spiraling outdoor walkways
Dan Primack / Axios:
Uber says it is buying alcohol delivery startup Drizly for $1.1B in cash and stock; Drizly co-founder and CEO Cory Rellas is expected to remain with Uber  —  Uber on Tuesday announced an agreement to buy Drizly, a Boston-based alcohol delivery startup, for $1.1 billion in cash and stock.
Elizabeth Culliford / Reuters:
Wikimedia begins work on implementing its first global code of conduct, which addresses harassment, the introduction of false or biased information, and more  —  (Reuters) - The foundation that operates Wikipedia will launch its first global code of conduct on Tuesday, seeking to address criticism …
Kirsten Korosec / TechCrunch:
Hip, an app that connects commuters with third-party bus and shuttle operators, says it has raised $12M and added B2B offerings  —  Nearly a year ago, the spread of COVID-19 ended the daily commute for millions of Americans, an abrupt change that sent the ridesharing industry into a free fall.

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