Techmeme
June 28, 2021, 8:25 PM

Top News

Salvador Rodriguez / CNBC:
US district court dismisses FTC's antitrust complaint against Facebook, saying its definition of market dominance was insufficient, but will let FTC refile it  —  - A federal court on Monday dismissed the Federal Trade Commission's antitrust complaint against Facebook.
Salvador Rodriguez / CNBC:
On Monday, Facebook's stock rose 4.2%, closing at $355.64, giving Facebook a $1T market cap for the first time ever, the fifth US company to hit the milestone  —  - Facebook has hit $1 trillion in market capitalization.  — Facebook stock spiked nearly 5% in late-day trading aided …
Tom Warren / The Verge:
Microsoft releases the first Windows 11 preview, available to Insiders, with major updates included except Teams integration and Android app support  —  The next version of Windows is available for testing  —  Microsoft is releasing its first Windows 11 preview build today.
Tom Warren / The Verge:
Sources: Microsoft is planning to release Windows 11 in October; Microsoft employees have hinted at October 20 in marketing images  —  October 20th may be the Windows 11 day  —  Microsoft keeps hinting at an October release date for Windows 11.  The software giant teased …
Cameron Faulkner / The Verge:
Microsoft rolls out its Xbox Cloud Gaming service via browser to PCs, iPhones, and iPads across 22 countries for Xbox Game Pass Ultimate members  —  No Xbox necessary  —  Microsoft's xCloud, the cloud game streaming component of Xbox Game Pass Ultimate that doesn't require a console to use …
Jason Gurwin / The Streamable:
YouTube TV gets a 4K Plus add-on package with downloads, 4K, and unlimited streams for $20 more per month; 5.1 Dolby surround sound coming to all subs for free  —  YouTube TV has officially announced their new premium add-on which includes 4K streaming, the ability to download shows offline …
Shara Tibken / CNET:
Qualcomm unveils Snapdragon 888 Plus with 3GHz clock speed and a claimed 20% boost in AI capabilities, arriving in devices during Q3 2021  —  Phones are getting a speed boost.  Qualcomm on Monday unveiled its newest, highest-end smartphone processor, the Snapdragon 888 Plus.
Malcolm Owen / AppleInsider:
Snapchat says its latest iOS app update is causing widespread issues for users, including crashes a few seconds after launch, and is working on a fix  —  Snapchat is warning iPhone users that the version of the messaging app available in the App Store has a problem, something the company is trying to solve.
Lucas Matney / TechCrunch:
Discord acquires augmented reality startup Ubiquity6, which had raised $37.5M and recently pivoted to become a collaborative service for simple online games  —  After raising tens of millions from investors and executing a pretty substantial pivot earlier this year, augmented reality startup Ubiquity6 …
Spencer Soper / Bloomberg:
Interviews with 15 Amazon Flex drivers reveal how algorithms hire, rate, and fire contract drivers with little or no human oversight  —  Stephen Normandin spent almost four years racing around Phoenix delivering packages as a contract driver for Amazon.com Inc. Then one day, he received an automated email.
Cherlynn Low / Engadget:
Samsung details a new smartwatch user interface called One UI Watch, debuting on an upcoming Galaxy Watch later this year  —  At its MWC event today, Samsung showed off its latest smartwatch interface called One UI Watch.  This software will run on top of  —  the new Wear OS, which the company co-developed with Google.
TechCrunch:
Duolingo files for US IPO, reveals revenue growth of 129% YoY in 2020, and reports $55.4M in revenue during Q1 2021  —  The edtech unicorn reveals 129% 2020 revenue growth  —  Duolingo, a Pittsburgh-based language learning business last valued at $2.4 billion, has officially filed to go public.
More: Reuters and SEC
Shirin Ghaffary / Vox:
Researchers say the study of social media's large-scale societal impact should be treated as a “crisis discipline”, like climate science or conservation biology  —  One challenge is how little we know about the dangers.  —  Social media has drastically restructured …
Tim Copeland / The Block:
Coinbase CEO Brian Armstrong says the exchange's goal is “to list every asset where it is legal to do so”, and it will provide a ratings system for assets  —  Quick Take  — Coinbase CEO Brian Armstrong stated that the exchange's goal is to list “every” crypto asset as long as it is legal.

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Bloomberg:
Monica Chin / The Verge:
Financial Times: