Techmeme
March 30, 2021, 9:50 AM

Top News

Anna Irrera / Reuters:
PayPal says it has started letting US customers use cryptocurrency holdings to pay millions of its online merchants globally  —  LONDON (Reuters) - PayPal Holdings Inc will announce later on Tuesday that it has started allowing U.S. consumers to use their cryptocurrency holdings to pay …
Jay Peters / The Verge:
Google announces upgrades to Maps, including indoor AR directions, a new directions interface with eco-friendly driving routes, and new weather map layers  —  Indoor AR directions, a new directions interface, and more  —  Google is announcing a bunch of new features planned for Google Maps …
Chance Miller / 9to5Mac:
Apple announces a virtual WWDC 2021 from June 7 to June 11, where iOS 15, macOS 12, watchOS 8, and more are expected  —  Apple has officially announced WWDC 2021.  This year, the conference will take place completely virtually starting June 7.  This marks the second year in a row that Apple …
Ben Gilbert / Insider:
Newly created Twitter accounts labeled as Amazon employees are defending the company amid a union drive; Amazon admitted in 2018 to paying for similar tweets  —  - Amazon's paid army of employee Twitter users is at it again, this time criticizing unionization.
Matt Day / Bloomberg:
Jason Del Rey / Vox:
Todd Bishop / GeekWire:
T-Mobile will end its TVision live TV offerings, partner with Philo and YouTube TV, and make Google Messages the default messaging app for Android customers  —  T-Mobile will make Google Messages its default messaging app for customers on Android devices, provide new backup and storage options via …
David McLaughlin / Bloomberg:
FTC abandons its antitrust lawsuit against Qualcomm, says it won't seek a Supreme Court review of a 2020 federal appeals court decision that acquitted Qualcomm  —  - FTC declines to seek Supreme Court review of monopoly case  — Company was accused of abusing dominance in cell-phone chips
Axios:
Sources: Substack is raising $65M at a $650M valuation; a16z will lead the round  —  Substack is raising $65 million in new venture capital funding that would value the company at around $650 million, Axios has learned.  Existing investor Andreessen Horowitz is leading the round.
Tim Hardwick / MacRumors:
Epic Games says it has filed a complaint in support of UK antitrust watchdog's ongoing investigation into Apple's alleged anti-competitive behavior  —  Epic Games today said it had filed a complaint to the UK's antitrust watchdog in support of the government department's ongoing investigation …
Yogita Khatri / The Block:
Ripple says it is acquiring a 40% stake in Asian cross-border payments company Tranglo  —  Crypto firm Ripple has agreed to acquire a 40% stake in Asian payments specialist Tranglo.  The transaction is subject to regulatory approvals is expected to occur sometime this year.
Bloomberg:
Filing: Xiaomi will invest ~$10B over the next decade to manufacture electric cars, with an initial investment of $1.5B in smart vehicle manufacturing  —  - Chinese phone giant aims to outsource vehicle assembly  — Market booms as prices fall, consumers embrace cleaner cars
Corbin Davenport / XDA Developers:
Xiaomi unveils €1,200 Mi 11 Ultra, with a rear-facing 1.1-inch AMOLED screen, and the Mi 11i, Mi 11 Lite series, Mi Band 6, and an AirPower-like charging pad  —  Xiaomi released the Mi 11 already in Europe last month following its debut in China at the end of last year.
Steve O'Hear / TechCrunch:
European startup Everli, which lets customers order from local supermarkets for delivery, raises $100M Series C led by Verlinvest  —  Everli, the European marketplace for online grocery shopping that started in Italy but now also operates in Poland, Czech Republic and France, has raised a $100 million in Series C funding.
Wall Street Journal:
Auto chip maker Renesas says it will take three to four months to recover full production after discovering more damage from a recent factory fire  —  Renesas reports more damage to equipment at key factory in semiconductor supply chain  —  TOKYO—Japanese auto-chip maker Renesas Electronics Corp …
More: Bloomberg
Frederic Lardinois / TechCrunch:
ClimaCell, which offers weather intelligence services, rebrands as Tomorrow.io and raises $77M Series D, bringing its total funding to ~$185M  —  Weather intelligence platform ClimaCell today announced that it has raised a $77 million Series D funding round led by private equity firm Stonecourt Capital …

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