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June 17, 2021, 6:50 PM
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| Bobby Allyn / NPR: |
Snap eliminates Snapchat's speed filter, which let users show how fast they were moving, after a US court ruled that Snap could be sued for a fatal car crash — The maker of the Snapchat app is eliminating a feature known as the “speed filter” that lets users capture how fast they are moving …
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BuzzFeed News, TechCrunch, The Verge, 9to5Mac, iPhone Hacks, phonearena.com, Engadget, MUO, and The Hill
Tweets: @lanceulanoff and @gartenberg
| Lorenzo Franceschi-Bicchierai / VICE: |
Researchers: encryption algorithm GEA-1, used in GPRS data in 2G networks, was deliberately weakened by its designers; ETSI blames export regulations — A new paper shows that two old encryption algorithms still used in mobile networks can be exploited to spy on phones' internet traffic.
More:
eprint.iacr.org, Slashdot, TechSpot, The Register, and Schneier on Security
Tweets: @matthew_d_green, @k8em0, @vice, @sickcodes, @motherboard, @stshank, @josephfcox, @ekoivune, @granick, @campuscodi, @jason_koebler, @lorenzofb, @dcuthbert, @naomibrockwell, @ildannymoore, and @lorenzofb
| Casey Newton / Platformer: |
By acquiring promising VR games and software companies, Facebook seems to be cornering the VR market, reminiscent of its Instagram and WhatsApp acquisitions — A recent shopping spree is giving some folks Instagram-in-2012 vibes — Imagine that, over the past year, Facebook had managed …
More:
Morning Brew, SamMobile, Gamereactor UK, and TechSpot
Tweets: @danielbower, @reckless, @platformer, and @caseynewton
| Salvador Rodriguez / CNBC: |
Facebook says it will begin testing ads on Oculus headsets, starting with the shooter game Blaston, and won't use data stored on devices to target ads — - Facebook on Wednesday announced that it will begin testing advertisements that will appear within the company's Oculus virtual reality headsets.
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CNBC, Oculus Blog, The Verge, The Verge, Morning Brew, Ars Technica, WANE-TV, The Information, Tom's Hardware, Complex, TechCrunch, PCMag, KnowTechie, MarTech, iPhone in Canada Blog, Tom's Guide, thegamer.com, ExtremeTech, TechSpot, XDA Developers, Pocketnow, Forbes, GameRevolution, Road to VR, VRFocus, GamesIndustry.biz, Micky, Gamasutra, MSPoweruser, The Overspill, Reuters, Variety, Mashable, PC Gamer, CNET, UploadVR, Trusted Reviews, and SlashGear
Tweets: @konrad_it, @boztank, @joabyjojo, @t3hero_, @rwilson_design, @giygaimpact, @humancell, @sub8u, @martyswant, @kavyapearlman, @paulobrien, @qtpop, @glytchtech, @uncooldana, @justinhendrix, @levie, @psythor, @kentbye, @ericpresidentvr, @lanceulanoff, @leojtravis10, @cixliv, @thelinuxexp, @danieltg85, @starfire2258, @gamoid, @bcarr, @yoda, @yoda, @ceciliakang, @shortformernie, @stevekovach, @stevekovach, and @shiraovide. Thanks:@sal19
| Joe Weisenthal / Bloomberg: |
Mark Cuban calls for stablecoin regulation, after trading Iron Finance's algorithmic stablecoin DeFi Titanium, which then crashed from $60 to $0 in a day — Here's a chart you never want to see. It's of the DeFi Titanium token, which in one day went from being valued around $60 to $0.| Jack Nicas / New York Times: |
Profile of Doug Guthrie, an advocate for doing business in China who advised Apple from 2014-2019, as he now warns of the risks of China's nationalist turn — Doug Guthrie, once one of America's leading China bulls, rang the alarm on doing business there. He spoke about his time at Apple.
Tweets: @liyuan6, @gwbstr, @jacknicas, @nytimesbusiness, @yaqiu, @jacknicas, @nytimes, and @trippmickle
| Bloomberg: |
Wise, previously known as TransferWise, plans to go public on the LSE via a direct listing, the first company to choose an alternative listing in the UK — - Founders, employees get extra voting rights for limited time — Direct listings are becoming more popular among U.S. startups
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CNBC, PYMNTS.com, TechCrunch, Reuters, PYMNTS.com, Finbold, Coinspeaker, and cryptodaily.co.uk
Tweets: @wsjmarkets, @technation, and @abhinavvr
| Mary Ann Azevedo / TechCrunch: |
Unit, which helps companies build financial and banking products, raises $51M Series B led by Accel, bringing its total raises to ~$70M — We've all heard the phrase, “Every company is a fintech.” — But these days, that's becoming more and more true as an increasing number of companies …
More:
Unit - Blog, PYMNTS.com, Globes Online, CTech, FinLedger, and Finextra
Tweets: @amitavner, @iankar_, and @nikmilanovic
| Sarah Perez / TechCrunch: |
Instagram launches ads in Reels worldwide; the ads can be up to 30 seconds and vertical in format — Instagram Reels are getting ads. The company announced today it's launching ads in its short-form video platform and TikTok rival, Reels, to businesses and advertisers worldwide.
More:
The Verge, CNBC, Social Media Today, PYMNTS.com, Android Headlines, SlashGear, Engadget, Tubefilter, Livemint, and BGR India. Tweets: @maxbalzer_
| Stephen Shankland / CNET: |
Google says it is funding a project to increase Linux security by writing parts of the operating system's core in Rust — Google said Thursday it's funding a project to increase Linux security by writing parts of the operating system's core in the Rust programming language … | Danny Crichton / TechCrunch: |
Neo4j, which offers a graph-centric database and related products, raises $325M Series F led by Eurazeo at a $2B+ valuation — Databases run the world, but database products are often some of the most mature and venerable software in the modern tech stack.
More:
VentureBeat, CRN, FinSMEs, The Register, Database Trends …, and Crunchbase News
Tweets: @maxniederhofer and @dannycrichton
| Ryan Barwick / Morning Brew: |
Study: 48% of ad traffic on “fake” news publishers and 32% of ad traffic on “low credibility sites” like Breitbart is served by Google — It's about a third for"low credibility" sites. … Fake news is a problem. Yet the sites that publish it keep surviving … | Taylor Hatmaker / TechCrunch: |
Palmer Luckey's Anduril raises $450M Series D led by Elad Gil, with a16z and others participating; Anduril is now valued at $4.6B, up from $1.9B in July 2020 — The AI-powered defense company founded by tech iconoclast Palmer Luckey has landed a $450 million round of investment that values …
More:
FinSMEs, Anduril Blog, CNBC, and Forbes
| Johana Bhuiyan / Los Angeles Times: |
Report: Ring provided at least 100 LAPD officers with free devices or discount codes and encouraged them to recommend its products to fellow LAPD and the public — In a bid to bolster its claims as a crime-fighting tool, Ring deployed a tactic popular in the business world: influencer marketing.
More:
Electronic Frontier Foundation, The Verge, and Input
Tweets: @jmbooyah, @jmbooyah, @kevrector, @brooklynmarie, @latimes, @latimes, @pringlelatimes, @mguariglia, @hypervisible, and @eff
| John Koblin / New York Times: |
Nielsen announces a new metric, The Gauge, to measure streaming viewing in ~14,000 US homes via hardware that watches internet traffic passing through a router — The company known for measuring television ratings said Netflix and YouTube are far ahead of their digital competitors in time watched on TVs …
More:
The Verge, nielsen.com, and CNBC
Tweets: @oliverdarcy, @marktorromeo, @nytimesbusiness, @koblin, @edmundlee, @ryansatin, @richlightshed, and @aidnmclaughlin
| Kyle Wiggers / VentureBeat: |
UserLeap, which builds AI tools to give product managers user insights in real time, raises $38M Series B from a16z and others — Elevate your enterprise data technology and strategy at Transform 2021. — UserLeap, a platform for AI-powered, continuous research for product teams …
More:
Andreessen Horowitz and Crunchbase News
| Liana Baker / Bloomberg: |
Delivery startup Gopuff buys rideOS, which builds real-time routing and dispatch software for autonomous car fleets, source says for $115M in cash and stock — Delivery startup Gopuff is buying software firm RideOS, which is backed by Sequoia Capital and Siemens AG, according to a statement reviewed by Bloomberg News.
Tweets: @rafaelilishayev, @kenwattana, @ngoel36, and @marshallosborne
| Insider: |
Sources: Google is downsizing its health team, which was working on sensors and health records, and moving them to Fitbit as part of a major reorganization — - Google's young health division is splintering, according to employees and an email seen by Insider.
Tweets: @dodgeblake, @hughlangley, and @counternotions
| Strategy Analytics: |
In Q1 2021, global 5G smartphone shipments grew 6% QoQ, with Samsung up 79% QoQ and Vivo up 62% QoQ, while Apple maintained its lead despite a 23% dip — BOSTON—(BUSINESS WIRE)— According to new research from Strategy Analytics, Samsung and Vivo were the world's fastest growing 5G smartphone vendors in the first quarter of 2021.
More:
MacRumors, TechSpot, 9to5Mac, Patently Apple, Wccftech, phonearena.com, AppleInsider, and equalocean.com
| Stephanie Condon / ZDNet: |
Adobe beats in Q2 with revenue of $3.84B, up 23% YoY, vs est. of $3.73B, with YoY revenues of Digital Media up 25%, Creative up 24%, and Document Cloud up 30% — Adobe beat top and bottom-line expectations for the quarter, with cash flows from operations hitting a record $1.99 billion.
More:
Adobe Press Releases and Adobe
| Ashley Carman / The Verge: |
Snap launches Creative Kit for Spotlight, which will let developers put their apps inside Snapchat's TikTok rival Spotlight — Ride the wave of virality for downloads — Snapchat is making it easier for developers to use viral content to directly promote their apps.| Mike Butcher / TechCrunch: |
Akur8, which uses AI to automate the generation of insurance pricing models, raises $30M Series B, bringing its total raised to $42M — Automating insurance claims is a big business, and the world of AI is coming at it ‘full pelt’. The latest is Akur8, an insurtech automating insurance …
More:
Tech.eu, Silicon Canals, and FinSMEs
| Reuters: |
Russian lawmakers pass legislation that would force US tech giants to open offices in Russia by January 2022 or face punitive measures — Russian lawmakers passed legislation on Thursday that would oblige U.S. tech giants to open offices in Russia by January 2022 or face punitive measures … | Elias Saba / AFTVnews: |
Amazon Appstore unveils a new program that reduces its share of developer revenue from 30% to 20% for developers earning less than $1M per year, starting in Q4 — The Amazon Appstore has announced that it will be reducing its cut of developer revenue from 30% to 20% for developers that earn less than $1 million in revenue per year.| Joseph F. Kovar / CRN: |
Claroty, which develops security tech for industrial companies, raises $140M Series D, bringing its total raised to $235M, ahead of an IPO — 'We are able to reverse-engineer OT protocols and use them thanks to help from Schneider Electric, Rockwell Automation, and Siemens.
More:
FinSMEs, SiliconANGLE, CTech, Geektime, PR Newswire, TechCrunch, Channel Futures, and SecurityWeek
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