Techmeme
June 2, 2021, 12:55 PM

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 …
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 …
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 …
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 …
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 …
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.
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.
Reuters:
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.
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.
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:
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) …
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.
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.
Ben Dummett / Wall Street Journal:
Prosus, a European tech giant and Tencent's largest shareholder, says it struck a $1.8B deal to acquire Stack Overflow, which attracts 100M+ monthly visitors  —  Deal is Prosus' biggest investment in online learning and comes weeks after it sold a chunk from its massive Tencent holding
Mary Ann Azevedo / TechCrunch:
Jeeves, which is building tools to help startups manage expenses, announces a $26M Series A led by a16z, $5M seed, and $100M in debt financing  —  Jeeves, which is building an “all-in-one expense management platform” for global startups, is emerging from stealth today with $131 million in total funding …
Kyle Wiggers / VentureBeat:
Iterative.ai, which is building open source MLOps tools to help companies develop AI workflows, raises $20M Series A led by 468 Capital  —  Elevate your enterprise data technology and strategy at Transform 2021.  —  Iterative.ai, an MLOps company developing data science and AI engineering workflows …
More: TechCrunch
Katie Roof / Bloomberg:
Seattle-based Outreach, which offers sales intelligence tools, raises $200M at a $4.2B valuation  —  - Seattle-based business has Adobe, Cisco, DoorDash as customers  — $200 million investment includes Sequoia Capital, Tiger Global  —  Seattle-based Outreach, a startup that specializes …
Tweets: @katie_roof

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