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August 2, 2021, 3:40 AM
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memeorandum
WeSmirchTop News
| Reuters: |
Square says it's buying Australia-based buy now, pay later service Afterpay for $29B in an all-stock deal, paying a 30% premium on Afterpay's last closing — U.S. fintech company Square Inc (SQ.N) said on Monday it had agreed to purchase Australian buy now/pay later giant Afterpay Ltd …
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Wall Street Journal, The Verge, iTnews, TechCrunch, The Economic Times, Gizmodo, CNBC, Australian Financial Review, PYMNTS.com, CNN, Fortune, New York Times, ABC, SiliconANGLE, ZDNet, and Tech in Asia
Tweets: @jack, @valwagoner, @square, @gokulr, @rrhoover, @pitdesi, @magyer, @jonrussell, @magyer, @packym, @rstephens, @bengrubb, @mengxilu, @fintechfrank, @jendudley, @alexh_johnson, and @carnage4life
| Greg Ahlstrand / CoinDesk: |
Square reports Q2 revenue of $4.88B, up 143% YoY, while its Cash App service's bitcoin yearly revenue was $2.72B, up 200% — Cash App's bitcoin gross profit rose to $55 million, Square said in its Q2 letter to shareholders. — Jack Dorsey's Square said its Cash App service's bitcoin …
More:
Square, The Block, Cointelegraph, NewsBTC, Benzinga, and Reuters
Tweets: @arturo_p_a and @firstgenwealth
| Jonathan Stempel / Reuters: |
Zoom agrees to pay $85M and bolster its security practices to settle a class action lawsuit over alleged user privacy violations and Zoombombing — Zoom Video Communications Inc (ZM.O) agreed to pay $85 million and bolster its security practices to settle a lawsuit claiming …
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ZDNet, BBC, The Register, CNN, Engadget, Bloomberg, Agence France-Presse, Digital Trends, SiliconANGLE, New York Times, iTnews, The Hill, Axios, NPR, TheStreet, Mercury News, AppleInsider, and Slashdot. Tweets: @pernillet
| Francis Agustin / Insider: |
Filings: Starlink has secured a license to build a satellite ground station on the Isle of Man, aiming to provide “blanket coverage” across Great Britain — - Elon Musk's Starlink will seek to provide high-speed internet across Great Britain, the Telegraph first reported.
Source:
Telegraph
| Stitch / The Verge: |
Some K-pop stars are bypassing Twitter and Facebook to create platforms for fans, like Universe, which features AI-generated voice calls with the idols — Fandom has changed a lot since I was a kid. As a tween, I had no hope of getting in touch with celebrities I adored like Britney Spears and Whitney Houston.
Tweets: @researchbts, @fansumption, @stitchmediamix, @marshawright, @pauljholden, @verge, and @roburaibu
| Manish Singh / TechCrunch: |
Indian online insurance aggregator Policybazaar files for IPO, seeks to raise $809M and says it may raise about $100M in a pre-IPO round — Indian online insurance aggregator PolicyBazaar has filed for an initial public offering in which it is seeking to raise $809 million … | Manish Singh / TechCrunch: |
Bangalore-based online learning startup Unacademy raises $440M round led by Temasek at a $3.44B valuation — Unacademy has raised $440 million in a new financing round as the Indian online learning startup looks to expand into multiple additional categories.
More:
Entrackr, Bloomberg, Business Standard, Moneycontrol, The Economic Times, Keeping Up With India, and Livemint
Tweets: @samidhas, @gauravmunjal, @prasannavishy, and @gauravmunjal
| Brent Lang / Variety: |
Profile of Netflix's head of movies Scott Stuber, who has grown original film output from 21 in 2016 to 70+ in 2021, as it makes deals with Spielberg and others — Two years ago, the legendary director reportedly opposed the idea that streaming films should qualify for Oscars.| Daniela Hernandez / Wall Street Journal: |
A look at technology's role in professional surfing, as ML-based wave forecasting and biomechanics data help improve riders' performance and prevent injuries — As surfing completes its first-ever Olympic ride, the sport is poised for another sea change thanks to artificial intelligence and big data| Kyle Chayka / New Yorker: |
Profile of Bored Ape Yacht Club, an NFT collection that sold for $2M+ in April, spawned a collector community, and has since seen ~$100M in trading activity — N.F.T. clubs are all the rage among cryptocurrency enthusiasts. Are they a get-rich-quick scheme or the future of culture?
More:
The Overspill. Tweets: @narendra, @newyorker, @aljaparis, @anthony, @aljaparis, @borgetsebastien, @martinsfp, @seth, @zoescaman, @mitchem, @taylorlorenz, @adambrotman, @taylorgerring, and @chaykak
| Maya Wolfe-Robinson / The Guardian: |
Report: Facebook, Twitter, Instagram, YouTube, and TikTok failed to act on 84% of posts spreading anti-Semitism reported via their own complaint systems — Facebook, Twitter, Instagram, Youtube and TikTok failing to act on most reported anti-Jewish posts, says study
More:
Center for Countering Digital Hate, CCDH, Anti-Defamation League, San Diego Jewish World, Jerusalem Post, The Times of Israel, and inews.co.uk
| Zheping Huang / Bloomberg: |
Matrixport, led by Bitmain founder Wu Jihan, which offers crypto financial services, raises $100M+ Series C, and says a second tranche is to come — - DST, Tiger are among the latest backers of Wu Jihan's firm — Matrixport has raised $129 million since its 2019 foundingSponsor Posts
Google:
Try Gemini 3 Pro — Google's newest and most intelligent AI model that helps you bring any idea to life
Try Gemini 3 Pro — Google's newest and most intelligent AI model that helps you bring any idea to life
Shopify:
Shopify's new AI commerce stack — Their VP of Product digs into just-launched products to help entrepreneurs and developers build with the latest AI and tech.
Shopify's new AI commerce stack — Their VP of Product digs into just-launched products to help entrepreneurs and developers build with the latest AI and tech.
Zoho:
Zoho People in 2025: A year in review — As we wrap up 2025, we're taking a moment to look back on a year filled with progress and transformation at Zoho People. Our team has been constantly pushing boundaries …
Zoho People in 2025: A year in review — As we wrap up 2025, we're taking a moment to look back on a year filled with progress and transformation at Zoho People. Our team has been constantly pushing boundaries …
IDrive:
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.Featured Podcasts
Lenny's Podcast:
The coming AI security crisis (and what to do about it) | Sander Schulhoff
Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.
Subscribe to Lenny's Podcast.
Big Technology Podcast:
OpenAI's Potential, Google's Speedy Model, Copilot Hits Turbulence
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
Subscribe to Big Technology Podcast.
Hard Fork:
Why Roomba Died + Tech Predictions for 2026 + A Hard Forkin' Xmas Song
The future is already here. Each week, journalists Kevin Roose and Casey Newton explore and make sense of the latest in the rapidly changing world of tech.
Subscribe to Hard Fork.
Access:
Betting on reality with Kalshi CEO Tarek Mansour
A show about the tech industry's inside conversation, hosted by tech reporter Alex Heath and founder whisperer Ellis Hamburger.
Subscribe to Access.
Channels with Peter Kafka:
"Neither Side Is Used to Losing." Lucas Shaw on What's Next for Netflix and Paramount in the Battle for Warner Bros.
Media and tech aren't just intersecting - they're fully intertwined. To understand how those worlds work, Peter Kafka talks to industry leaders, upstarts and observers.
Subscribe to Channels with Peter Kafka.
Tools and Weapons with Brad Smith:
Ted Sarandos: Netflix and how tech changed storytelling
Microsoft Vice Chair and President Brad Smith speaks with leaders in government, business, and culture to explore the most critical challenges at the intersection of technology and society.
Subscribe to Tools and Weapons with Brad Smith.
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