Techmeme
June 2, 2021, 4:40 PM

Top News

Ben Dummett / Wall Street Journal:
Stack Overflow, which has 100M+ monthly visitors, says it will be acquired by Prosus, a European tech giant and Tencent's largest shareholder, for $1.8B  —  Deal is Prosus' biggest investment in online learning and comes weeks after it sold a chunk from its massive Tencent holding
Ingrid Lunden / TechCrunch:
Facebook says it will open the Messenger API for Instagram to all businesses, after announcing a closed beta in October 2020  —  F8 Refresh, Facebook's annual developer conference with a new twist — it's more pared down than in years past, and virtual — is going to be kicking off later today …
Tom Warren / The Verge:
Microsoft will detail its “next generation of Windows” at an event on June 24, with significant changes, including visual enhancements, expected  —  A special Windows event is coming later this month  —  Microsoft is planning to detail its “next generation of Windows” at an event later this month.
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 …
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,” …
Mark Gurman / Bloomberg:
Source: Apple has lost at least three top managers of its self-driving car team in recent months  —  - Company sees at least three departures from top of car group  — Apple has begun early work on an autonomous electric vehicle  —  Apple Inc. has lost multiple top managers …
Arjun Kharpal / CNBC:
Huawei details HarmonyOS, designed to run across multiple devices, coming to Mate 40 and foldable Mate X2 smartphones, Watch Series 3, and MatePad Pro tablet  —  - Huawei has launched HarmonyOS on its flagship Mate 40 and foldable Mate X2 smartphones, the Watch Series 3 smartwatch and MatePad Pro tablet.
Ashley Carman / The Verge:
Spotify announces Only You, which gives users personalized playlists and insights based on habits, and Blend, letting two friends merge tastes in a playlist  —  Spotify loves when people share its annual Wrapped music breakdown on social media, so it's making that more of a year-round treat.
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 …
Juli Clover / MacRumors:
An Apple-commissioned study says the App Store ecosystem facilitated ~$643B in billings and sales globally in 2020, up 24% YoY  —  The App Store ecosystem facilitated an estimated $643 billion in billings and sales in 2020, an increase of 24 percent year-over-year, according …
Michael Potuck / 9to5Mac:
Apple's system status webpage indicates Apple Card outage has been resolved after roughly six hours of downtime; Apple says the outage impacted all users  —  Apple Card is seeing downtime this morning and Apple says the outage is impacting all users.  —  Update 12:19 pm PT …
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 …
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 …
Eduardo Porter / New York Times:
Critics worry Biden's rural-first broadband strategy could leave urban America behind; 13.6M urban households don't have broadband vs. 4.6M rural households  —  Many more people in cities lack broadband access than in rural areas, but lawmakers are primarily focused on extending high-speed access to remote areas.
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.
More: PYMNTS.com
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.
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.
Christine Hall / Crunchbase News:
Local food marketplace Shef raises $20M Series A led by a16z, after $8.8M seed in Aug. 2020, amid a push for legislation around home cooking in dozens of states  —  First-generation Americans Alvin Salehi and Joey Grassia tapped into their home-cooked meal backgrounds to create Shef.
More: TechCrunchThanks:@erinmfirst
Danny Crichton / TechCrunch:
Pinwheel, which provides an API to help clients like neobanks connect to payroll systems, raises $20M Series A led by Coatue  —  One of the most strategically important financial relationships for neobanks is becoming the account destination for a user's paycheck.
More: Finextra and FinLedger
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 …

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