Techmeme
June 2, 2021, 8:45 AM

Top News

Elizabeth Paton / New York Times:
Etsy says it is buying the fashion resale app Depop, popular with Gen Z, for $1.6B in an all-cash deal  —  The acquisition is the latest to underscore the skyrocketing popularity of secondhand fashion platforms amid the pandemic.  —  Depop, the fashion resale marketplace beloved by Generation Z …
CNBC:
JBS, the world's top meatpacker, is hit by a ransomware attack, leading it to pause its Australian operations, livestock slaughter in many US states, and more  —  - The attack caused JBS's Australian operations to shut down on Monday.  The company, the world's largest meatpacker, said it was working to resolve the incident.
Stephen Nellis / Reuters:
A CA court dismissed bribery charges against Apple's security chief Thomas Moyer, saying accusation of iPad donations for gun permits was “pure speculation”  —  A court in California on Tuesday dismissed bribery charges against Apple Inc's (AAPL.O) security chief …
Nikhilesh De / CoinDesk:
Coinbase says Coinbase Pro users will be able to trade dogecoin starting Thursday “if liquidity conditions are met”  —  The exchange typically adds cryptocurrencies to its retail platform a few weeks after first listing on the professional version.
Thomas Brewster / Forbes:
Researcher finds that Alibaba-owned UC Browser app on iOS and Android sends information on every website a user visits to UCWeb servers, even in incognito mode  —  If you went to download Alibaba-owned app UC Browser this month, whether from Google's Android Play store or Apple's iOS App Store …
Selena Deckelmann / The Mozilla Blog:
Mozilla updates Firefox desktop and mobile apps with a revamped design, details the data-driven process used to guide the creation of the new streamlined look  —  We set out in 2021 to reimagine Firefox's design to be fast, modern and inviting the first time you run it and every day after.
The Hill:
A Pentagon audit from May cleared the use of two DJI drones built for government use, after the Interior Dept. grounded its fleet of China-made drones in Jan.  —  Two drone models made by China's largest manufacturer have been cleared for use by a Pentagon audit, according to a report summary obtained by The Hill.
Charles Duhigg / New Yorker:
A close look at Chamath Palihapitiya and SPACs, which could become a fixture of the economy as investors develop proper skepticism and regulations emerge  —  Chamath Palihapitiya says that the investment tool lets ordinary people get rich off startups.  It may be hype—but hype can be its own economic engine.
Kim Lyons / The Verge:
Twitter says it will start adding full-screen ads to Fleets, supporting images and videos that can be up to 30 seconds long, initially in US on iOS and Android  —  A handful of advertisers will begin testing the format Tuesday  —  Twitter said Tuesday it will start adding full-screen ads to Fleets …
Mary Ann Azevedo / TechCrunch:
Yieldstreet, which lets users make alternative investments in areas like real estate and shipping, raises $100M Series C, bringing its total raised to $278.5M  —  These days, investing goes way beyond the stock market.  And in recent years there's been a growing number of startups which aim …
Sean Hollister / The Verge:
AMD says the infotainment system inside the new Tesla S and X models include an AMD Ryzen chip and discrete RDNA 2 GPU, capable of playing AAA games  —  10 teraflops of RDNA 2  —  Remember when Elon Musk claimed you'd be able to play The Witcher 3 and Cyberpunk 2077 on a 10 teraflop gaming rig he's stuffing …
Katie Roof / Bloomberg:
Shippo, a shipping software and services startup, raises $50M led by Bessemer at a $1B valuation  —  - Startup roughly doubled valuation from earlier this year  — $50 million comes from existing investors led by Bessemer  —  Shipping startup Shippo is now valued at $1 billion amid a boom in e-commerce.
Jordan Novet / CNBC:
Zoom reports Q1 rev. of $956.2M, up 191% YoY, vs $906M est., and sees 50% revenue growth for the full fiscal year as expansion falls from pandemic-fueled 2020  —  - Zoom's results exceeded estimates across the board.  — The company now sees 50% revenue growth for the full fiscal year …
Manish Singh / TechCrunch:
Locus, which uses AI to help businesses map out their logistics, raises $50M Series C led by Singapore's GIC, source says at a $300M valuation  —  Locus, a startup that uses AI to help businesses map out their logistics, said on Wednesday it has raised $50 million in a new financing round as it looks to expand its presence.

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More News

Rest of World:
Jessica Bursztynsky / CNBC:
Nilay Patel / The Verge:

Earlier Picks

Jonathan Levin / Bloomberg:
The Coinbase Blog:
Sara Randazzo / Wall Street Journal:
Washington Post:
S. Shah / Engadget:
Tom Warren / The Verge: