Techmeme
July 29, 2021, 3:15 PM

Top News

Maggie Fitzgerald / CNBC:
Robinhood opens flat in its trading debut, giving it a market valuation of ~$32B, after raising $2.1B in its IPO; its shares slipped as much as 10% after debut  —  - Robinhood's opening price was $38 per share, valuing the stock trading app at roughly $32 billion.
Ryne Hager / Android Police:
Google updates Play Store policies to ban apps offering “compensated sexual relationships”, likely impacting sugar daddy dating apps, beginning September 1  —  Today, Google published a handful of changes to its Play policies, and nestled among precise legalese refinements …
Karen Hao / MIT Technology Review:
Profile of Sophie Zhang, a former Facebook data scientist who wrote an exit memo detailing Facebook's inadequate steps to address global election misinformation  —  Sophie Zhang, a former data scientist at Facebook, revealed that it enables global political manipulation and has done little to stop it.
Jing Yang / Wall Street Journal:
Sources: Didi is considering going private in order to placate Chinese authorities and compensate investors for losses using money made during its IPO  —  Ride-hailing giant has been contemplating delisting plan as crackdown widens and has obtained support from cybersecurity watchdog
Tiernan Ray / ZDNet:
OpenAI introduces Triton 1.0, an open-source programming language for writing GPU code for neural networks, and claims it is easier to write than Nvidia's CUDA  —  SEO: Python-like language promises to be easier to write than native CUDA and specialized GPU code but has performance comparable …
Source: GitHub and OpenAIMore: InfoWorld
Eric Newcomer / Newcomer:
Profile of Bessemer Venture Partners, an early investor in Twilio and Shopify, as its competition with Andreessen Horowitz, Tiger Global, and SoftBank ramps up  —  Bessemer Venture Partners is a thoughtful firm in a world of loose money.  —  4 hr ago  —  In 2009, Ethan Kurzweil …
Wall Street Journal:
Mary Ann Azevedo / TechCrunch:
Makena Kelly / The Verge:
Senate reaches a deal on an infrastructure plan including $65B for broadband investments, $35B less than Biden's original plan; final vote still yet to happen  —  That's less than the original $100 billion plan  —  On Wednesday, bipartisan Senate negotiators reached a deal on an infrastructure package after weeks of tense discussion.
Nikhilesh De / CoinDesk:
Steven Musil / CNET:
Samsung Q2: profit of $10.8B, up 54% YoY, on $55.2B revenue; its chips business accounted for nearly half the profit; mobile division revenue declined QoQ  —  Samsung's operating profit showed strong growth in the second quarter, thanks to higher-than-expected chip prices and continued consumer demand …
Jordan Fabian / Bloomberg:
More than 90 CEOs, including Cook, Pichai, Jassy, and Zuckerberg, urge Congress to ensure citizenship for Dreamers, after a judge ruled against the program  —  - More than 90 executives seek legal status for Dreamers  — They say allowing citizenship would give U.S. economic boost
Karissa Bell / Engadget:
Mark Zuckerberg says video now accounts for almost half the time spent on Facebook, and that Reels is the “largest contributor to engagement growth”  —  He wants Facebook to become a ‘metaverse company.’  —  Facebook users are spending a lot more time watching video …
Stephanie Condon / ZDNet:

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Earlier Picks

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