Techmeme
February 25, 2021, 1:10 PM

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
Jeff John Roberts / Decrypt:
Coinbase files its S-1, reveals profit of $322M in 2020 on $1.2B in revenue, up from a loss of $30M in 2019 on $533M in revenue  —  The recent Bitcoin bull run helped Coinbase pull in a profit of $322 million on revenues of over $1.2 billion in 2020, putting the cryptocurrency giant …
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.’
Daniel Van Boom / CNET:
Australia passes news bargaining code that requires Facebook, Google, and other digital platforms 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 …
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 …
Megan Graham / CNBC:
Facebook launches a TV, radio, and digital ad campaign in support of personalized ads called Good Ideas Deserve to be Found, ahead of Apple's IDFA changes  —  - Facebook is launching a new ad campaign called “Good Ideas Deserve to be Found,” which makes a case for personalized advertising.
Sean Hollister / The Verge:
Tech retailer Fry's Electronics announces it will cease operations effective immediately, blaming 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 …
Yogita Khatri / The Block:
Crypto startup Anchorage, which recently became the first federally chartered digital asset bank, raises $80M Series C led by GIC  —  Cryptocurrency custodian and banking company Anchorage announced Thursday that it raised $80 million in a Series C funding round.
More: CoinDesk
Yogita Khatri / The Block:
Sorare, an ethereum-powered marketplace for creating and trading football NFTs, raises $50M Series A led by Benchmark  —  Quick Take  — NFT marketplace Sorare has raised $50 million in Series A.  — The round was led by Benchmark, with participation from Accel, Reddit co-founder Alexis Ohanian …
Robin Wauters / Tech.eu:
Payments startup Klarna reports 2020 results: operating income rose 40% YoY to $1B, net loss widens to $167M; 18M app MAUs and 87M shoppers used its services  —  Klarna, the Swedish payments company that was Europe's most valuable private fintech firm until Checkout.com overtook it late last year …
More: CNBC and Klarna
Anthony Ha / TechCrunch:
Stockholm-based Memmo.me, which allows users to pay celebrities for personalized video messages, raises $10M Series A  —  Memmo.me, a startup allowing users to pay celebrities for personalized video messages, is announcing that it has raised $10 million in Series A funding.
More: FinSMEs
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.
Kyle Wiggers / VentureBeat:
Otter.ai, which offers an AI-based transcription service, raises $50M Series B, including $10M in convertible notes, led by Spectrum Equity  —  AI transcription startup Otter.ai today announced it has raised $50 million in a series B round that includes $10 million in convertible notes and was led by Spectrum Equity.
More: TechCrunch
Wall Street Journal:
Cybersecurity experts and US lawmakers criticize Amazon for a lack of public transparency about the SolarWinds hack, which was likely launched using AWS  —  Tech giant says it wasn't breached, but it is seen as having valuable data on the attack  —  As lawmakers and security researchers continue …
Kyle Wiggers / VentureBeat:
Armorblox, which protects enterprise communications using AI, raises $30M Series B led by Next47, bringing its total raised to $46.5M  —  Armorblox, a cybersecurity startup using natural language understanding to protect enterprise communications, today announced that it raised $30 million in series B venture capital funding.
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 …

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