Techmeme
November 10, 2021, 11:00 AM

Top News

Adi Robertson / The Verge:
Judge in Epic v. Apple trial says Apple must comply with an order letting developers link to external payment options, denying Apple's stay request  —  Apple said the change would be ‘exceedingly complicated’  —  Epic v. Apple judge Yvonne Gonzalez Rogers says Apple must comply with an order …
Ellen Milligan / Bloomberg:
UK's Supreme Court dismisses a lawsuit against Google seeking $4B for allegedly tracking iOS Safari users without their consent between 2011 and 2012  —  - Supreme Court sides with Google in case seeking $4 billion  — Tech giant was accused of breaching its data-collection duties
Silvia Amaro / CNBC:
EU's General Court upholds a €2.42B fine against Google, levied in 2017, for abusing search engine dominance by promoting its own shopping service  —  - Wednesday's verdict can be appealed and taken to the EU's highest court.  — This is not the first time that the EU's General Court …
New York Times:
Meta aims to remove ad targeting options based on user interactions with content about health, race, political affiliation, religion, and more, by January 19  —  Meta, the social media company formerly known as Facebook, said on Tuesday that it planned to eliminate advertisers' ability …
Justine Calma / The Verge:
Google launches Project Relate, a beta Android app that English speakers with speech impairments can use as a voice assistant, in the US, NZ, Canada, Australia  —  It builds on Google's Project Euphonia  —  Google launched a beta app today that people with speech impairments can use …
Alex Konrad / Forbes:
A look at NYC's growing VC scene as West Coast firms expand their presence, attracted by the congregation of fintech, crypto, and Web3 founders in the city  —  Covering venture capital, software and startups  —  In the 1980s, venture capital firm Sequoia set a tone for the tech investing industry …
Aisha Malik / TechCrunch:
Moov, an online marketplace for used manufacturing equipment, raises a $41M Series A led by Tiger Global  —  Moov, a data-fueled marketplace for used manufacturing equipment, has closed a $41 million Series A funding round led by Tiger Global.  Investors joining the round include public …
Greg Kumparak / TechCrunch:
Unity to acquire Peter Jackson's visual effects company Weta Digital, including 275+ engineers, for $1.625B; Weta Digital's FTX artists will form a new entity  —  Unity has just announced its intent to acquire Weta Digital, the legendary visual effects company co-founded by Peter Jackson, for a massive $1.625 billion.
Ingrid Lunden / TechCrunch:
Vimeo acquires Wibbitz, a short-form video creation service, and Wirewax, which builds tech to make objects in videos “shoppable”  —  Vimeo, the B2B video platform that spun out from IAC earlier this year, has made a pair of acquisitions aimed at building out the suite of features …
Helen Partz / Cointelegraph:
Cryptocurrency exchange Huobi says it will shut down operations in Singapore by March 2022, after exiting China in September  —  All Huobi Global clients in Singapore should close active positions and withdraw their digital assets before March 31, 2022.  —  3223 Total views  —  42 Total shares
Catalin Cimpanu / The Record:
Trend Micro report details the activities of hacker-for-hire group dubbed Void Balaur, which has targeted US telecom companies and others since the mid-2010s  —  Cyber-security firm Trend Micro has published today a 46-page report detailing the history and activity of a hacker-for-hire group …
Jay Peters / The Verge:
Issie Lapowsky / Protocol:
Meta says it can't keep up with its Oversight Board, which has issued 78 recommendations since January, and that the 30-day response deadline is too tight  —  Depending on who you ask, Facebook's Oversight Board is either a massive PR stunt to deflect blame away from the company or an ambitious …
Juli Clover / MacRumors:
Alex Gorsky, chairman and departing CEO of Johnson & Johnson, joins Apple's board of directors; Tim Cook calls him a “visionary in healthcare”  —  Apple today announced that Alex Gorsky, the chairman and CEO of Johnson & Johnson, has joined its board of directors.
Tage Kene-Okafor / TechCrunch:
London-based MFS Africa, which claims to be Africa's largest digital payments network, raises a $100M Series C, with $70M equity and $30M debt  —  Investor interest in African fintech continues to grab headlines with large fundraises.  Today, Africa's largest digital payments network MFS Africa joins the fray.
Ingrid Lunden / TechCrunch:
ControlUp, which helps IT teams monitor and improve desktop computing performance across disparate networks, raises $100M  —  Remote and hybrid work have become the norm in business, and today a startup that's building tools to improve how desktop computers behave in those scenarios is announcing …
Brian Heater / TechCrunch:
Smart home company Level Home raises a $100M+ Series C led by Cox Communications, and acquires fellow smart home company Dwelo  —  Seems there's a fair bit of M&A news on the smart home front these days.  Following Ecobee's acquisition by generator company Generac, Level Home today announced …
Julia Fioretti / Bloomberg:
API Holdings, the parent company of Indian online pharmacy PharmEasy, files for a Mumbai IPO, seeking to raise as much as $843M  —  - API Holdings seeks 62.5 billion rupees in Mumbai IPO  — Indian firm joins flurry of listings amid strong stock rally
Kirsten Korosec / TechCrunch:
Self-driving truck company Kodiak Robotics raises a $125M Series B, bringing total funding to $165M  —  Kodiak Robotics, one of the last privately held autonomous truck outfits in Silicon Valley, has raised $125 million in new capital, funding that will be used to double its workforce as it pursues a path to commercialization.
Sidney Fussell / Wired:
Consumer advocates say buy now, pay later services like Afterpay and Affirm can be especially confusing for younger users and make it easy to get overextended  —  Services such as Afterpay, Affirm, and Klarna are soaring in popularity and valuation.  But consumer advocates say they make it easy to get overextended.
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