Techmeme
February 25, 2021, 9:35 AM

Top News

Alex Leary / Wall Street Journal:
Biden signs an EO mandating a 100-day review of supply chains, including for semiconductors and rare-earth metals, amid chip shortages  —  The president signed an executive order with the aim of eventually increasing domestic production of critical materials
Sean Hollister / The Verge:
Tech retailer Fry's Electronics announces it will cease operations effective immediately, blames industry changes and the pandemic  —  Your best buys are no longer at Fry's, guaranteed  —  Fry's Electronics, one of the last big brick-and-mortar electronics store chains in the United States …
Daniel Van Boom / CNET:
Australia passes news bargaining code that will require digital platforms like Google and Facebook to pay local media outlets and publishers for their content  —  Australia on Wednesday passed a new media law that had generated noisy pushback from internet giants Google and Facebook …
Rafael Frankel / About Facebook:
Facebook says it is banning all Myanmar military and military-controlled entities from Facebook and Instagram, and ads from military-linked commercial entities  —  Myanmar military banned from Facebook and Instagram with immediate effect.  —  Today, we are banning the remaining Myanmar military …
Maggie Fitzgerald / CNBC:
GameStop shares closed up nearly 104% on Wednesday, halting twice for volatility; GameStop said on Tuesday its CFO will resign  —  - GameStop announced Tuesday that its chief financial officer Jim Bell will resign on March 26.  — Sources familiar with the matter told Business Insider …
Lauren Kaori Gurley / VICE:
Amazon is sending postal mail to warehouse workers in Bessemer, Alabama urging them to “VOTE NO” on unionization, and has also pushed anti-union ads on Twitch  —  A mysterious new USPS mailbox has appeared on Amazon property amid a historic union drive in Bessemer, Alabama.
Manish Singh / TechCrunch:
India issues tougher rules for tech firms and streaming services like Facebook, Twitter, WhatsApp, and Netflix over resolving user complaints and more  —  India announced sweeping rules to regulate social media firms, streaming services, and digital news outlets, joining a handful of other nations …
Lauren Feiner / CNBC:
SEC Filing: Twitter says it aims to have 315M monetizable DAUs by the end of 2023 and to at least double annual revenue to $7.5B by then  —  - Twitter said on Thursday it aims to have 315 million monetizable daily active users by the end of 2023.  — It also aims to at least double its annual revenue in that year.
Michael McSweeney / The Block:
Optimism, which plans to help scale the Ethereum blockchain with a Layer 2 protocol, raises $25M Series A led by Andreessen Horowitz  —  Optimism, a startup focused on the scalability of the Ethereum blockchain network, has raised a $25 million Series A funding round led by Andreessen Horowitz.
Richard Lawler / Engadget:
ViacomCBS says Paramount+ will cost $5/month with ads and $10/month without ads; the ad tier will be available in June while the ad-free tier starts on March 4  —  ViacomCBS has a ‘mountain of content’ on the way to streaming, including a ‘Halo’ series and ‘Beavis and Butthead.’
Stephanie Condon / ZDNet:
Nvidia beats with Q4 revenue of $5B vs. $4.8B expected, up 61% YoY, data center revenue of $1.9B, up 97% YoY, and gaming revenue of $2.5B, up 67% YoY  —  The GPU maker beat Q4 market expectations with record sales in its two key areas of business.  —  Nvidia on Wednesday published fourth …
Bloomberg:
FCC reveals that for its 5G licenses auction, Verizon spent the most of any carrier with $45.5B, followed by AT&T with $23.4B, and T-Mobile with $9.3B  —  - AT&T is second at $23 billion in bids, followed by T-Mobile  — FCC releases results of so-called C-band airwaves sale
Todd Spangler / Variety:
YouTube to roll out a “supervised” account option in beta in the coming months in more than 80 countries, aimed at kids that are too old for YouTube Kids  —  YouTube is launching a PG version of the internet's biggest video service.  —  A new “supervised” YouTube account option …

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More News

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