Techmeme
March 30, 2021, 12:05 PM

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 …
Noor Zainab Hussain / Reuters:
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 …
Sara Fischer / Axios:
Spotify buys app developer Betty Labs, creator of Locker Room, a live social audio app where fans can talk about sports, which Spotify plans on expanding  —  The acquisition will allow creators of all kinds to host anything from debates to live concerts.
Sam Byford / The Verge:
Xiaomi announces Mi Mix Fold, its first folding phone, with an 8.01-inch 4:3 OLED display, Snapdragon 888, 5,020mAh battery, and four Harman Kardon speakers  —  The Mi Mix series returns  —  Xiaomi has resurrected its Mi Mix series with the Mi Mix Fold, the company's first commercial folding phone.
Corbin Davenport / XDA Developers:
Ingrid Lunden / TechCrunch:
LinkedIn adds Creator mode for influencers, launches video Cover Stories, and extends free career training tools in partnership with Microsoft  —  LinkedIn, the social network now with 740 million users around the world, has carved out an identity for itself as the place online where professionals …
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:
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 …
Sebastian Pellejero / Wall Street Journal:
Dapper Labs, maker of NFT-focused NBA Top Shot, raises $305M, sources say at $2.6B valuation; investors include several pro athletes including Michael Jordan  —  Dapper Labs draws investors that include basketball legends Michael Jordan and Kevin Durant, seeking to cash in on the digital-collectibles craze
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.
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
Katie Roof / Bloomberg:
Enterprise data storage startup Cohesity announces an employee share tender offer totaling $145M, valuing the company at $3.7B, up from $2.5B last year  —  - Data management business launches $145 million tender offer  — SoftBank Vision Fund doubling down on Cohesity investment
Dan Seifert / The Verge:
Google Nest Hub (2nd-gen) review: easy and reliable sleep tracking, improved speaker, excellent Google Photos photo frame, but too slow for everything else  —  The new Nest Hub is just as good at being a digital photo frame as before, but it's slow for everything else
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.
Ingrid Lunden / TechCrunch:
6sense, which offers AI-based sales prediction and marketing tools, raises $125M Series D led by D1 Capital Partners at a $2.1B valuation, up from $300M in 2019  —  AI has become a fundamental cornerstone of how tech companies are building tools for salespeople: they are useful for supercharging …
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

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