Techmeme
June 2, 2021, 11:00 AM

Top News

Elizabeth Paton / New York Times:
Etsy says it is buying the London-based 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 …
Annie Palmer / CNBC:
Amazon announces this year's Prime Day will take place on June 21 and 22, returning to its typical summertime slot  —  - Amazon's annual Prime Day event will take place June 21 and 22, the company announced Wednesday.  — Prime Day is returning to its normal summertime slot after Amazon postponed …
Kevin Breuninger / CNBC:
A spokesperson for Donald Trump says his blog, used to share statements after he was banned on Facebook and Twitter, has been permanently shut down  —  - Former President Donald Trump's blog has been permanently shut down.  — The page, “From the Desk of Donald J. Trump,” …
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.
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 …
Jon Porter / The Verge:
Huawei announces first smartwatches running HarmonyOS: the Huawei Watch 3 and Huawei Watch 3 Pro for £349.99 and £499.99 in the UK, available June 18 and 28  —  With eSIM compatibility and support for video calls over MeeTime  —  Huawei has announced its first smartwatches running …
Nikkei Asia:
Analysis: Apple had more suppliers in China than any other country including Taiwan in 2020; number of Apple suppliers in US also slid despite Trump's trade war  —  Number of US companies in supply chain also slides despite Trump's trade war  —  TAIPEI — China now boasts more Apple suppliers …
Reuters:
Reuters:
TSMC has started construction on its 5nm semiconductor factory in Arizona and says 3nm production in Taiwan is on track to start volume production in H2 2022  —  Construction has started at a site in Arizona where Taiwan Semiconductor Manufacturing Co Ltd (2330.TW) (TSMC) …
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 …
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.
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.
Natasha Mascarenhas / TechCrunch:
Guild Education, a learning marketplace that pairs employees with employer-sponsored programs, raises $150M Series E at a $3.75B valuation  —  Guild Education, which pairs employees with employer-sponsored learning opportunities, has raised $150 million in a Series E round.
More: Bloomberg and Forbes
Bloomberg:
A draft EU proposal, set to be unveiled Thursday, details a plan for European Digital Identity Wallets, letting citizens access services across the bloc  —  - European Digital Identity proposal to be unveiled on Thursday  — Digital wallet will offer access to services across the bloc
Wall Street Journal:
Documents: SEC told Tesla last year that Elon Musk twice violated a court-ordered policy requiring his tweets be vetted by lawyers in 2019 and 2020  —  SEC said Musk flouted court-ordered policy in 2019 and 2020, records show  —  WASHINGTON—Securities regulators told Tesla Inc. last year …
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.

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