Techmeme
November 11, 2021, 9:35 AM

Top News

Taylor Hatmaker / TechCrunch:
After criticism from users, Discord CEO Jason Citron says it has no plans to add crypto and NFT tools to the service  —  Discord founder and CEO Jason Citron sought to reassure users Wednesday that the company doesn't have impending plans to shift its business toward NFTs.
Takashi Mochizuki / Bloomberg:
Sources: Sony has cut PS5 production targets from 16M to 15M by March 2022, due to component and logistics constraints, as PS5 first-year sales fall behind PS4  —  - Full-year PS5 sales goal at risk from production snags  — Sony CFO warned Covid-19 still affecting output and supply
Mitchell Clark / The Verge:
YouTube starts hiding public dislike counts on videos to keep smaller creators from being targeted by dislike attacks, following a test in March  —  Creators will still be able to see how many people disliked their videos  —  YouTube has announced that it'll be hiding public dislike counts on videos across its site, starting today.
Ben Brody / Protocol:
The US Justice Department sues Uber, alleging the company overcharged riders with disabilities in violation of the Americans with Disabilities Act  —  The U.S. Justice Department said Wednesday it filed a lawsuit against Uber, alleging the company charged disabled passengers a “wait time” fee when they were slow to enter their rides.
Alex Weprin / Hollywood Reporter:
Disney misses Q4 estimates after slower streaming services growth: Disney+ added 2M subscribers to 118M, Hulu added 700K to 39.7M, and ESPN+ added 2.3M to 17.1M  —  The streaming service now has 118 million subscribers, up only 2 million from last quarter.  —  Disney posted muted earnings …
Sarah Perez / TechCrunch:
Instagram is testing Take a Break, an opt-in feature that reminds users to take a break after 10, 20, or 30 minutes  —  Instagram head Adam Mosseri announced today the comapny has begun testing a new feature this week called “Take a Break” which will allow users to remind themselves …
Wall Street Journal:
A look at Elon Musk's preplanned moves for Tesla stock, after it fell 12%+ following his weekend Twitter poll where users voted he should sell 10% of his shares  —  Three-days of share disposals come as the billionaire chief executive exercises a large number of stock options
Bradley Chambers / 9to5Mac:
Apple unveils Business Essentials for SMBs, with device management, iCloud storage, and more, starting at $2.99/month per user and launching in spring 2022  —  Apple is introducing a new business offering called Apple Business Essentials that combines device management …
Catalin Cimpanu / The Record:
Yogita Khatri / The Block:
JavaScript-based smart contract service Agoric, which is built on the Cosmos SDK, raises $32M in a private token sale  —  Quick Take  — Agoric, a smart contract platform built on the Cosmos SDK, has raised $32 million in a private token sale.  — Agoric has also launched its mainnet, an AMM, and a native stablecoin.
More: CoinDesk
Gabrielle Coppola / Bloomberg:
Applied Intuition, which makes software for autonomous vehicles, raises $175M led by Addition, Coatue, and Elad Gil at a $3.6B valuation, up from $1.25B in 2020  —  - Applied Intuition valued at $3.6 billion in financing round  — Startup counts GM, Daimler, Toyota and VW as customers
Reuters:
Sources: Didi plans to relaunch its ride-hailing and other apps in China, as Beijing's investigations begin to conclude; source says Didi expects a ~$1.6B fine  —  Didi Global (DIDI.N) is preparing to relaunch its ride-hailing and other apps in China by the end of the year in anticipation …
More: Bloomberg
Josh Horwitz / Reuters:
After toning down its Singles' Day marketing, Alibaba says nearly 400 brands reached $15M+ in sales; JD.com says sales reached $48.72B, up from $42.4B last year  —  Alibaba said that nearly 400 brands, including Apple Inc (AAPL.O) and L'Oreal SA (OREP.PA), have raked in more than $15 million …
Kate Park / TechCrunch:
Sandbox VR, which offers VR experiences at a dozen retail locations worldwide, raises a $37M Series B led by a16z, following its $68M Series A in 2019  —  After a challenging year for location-based virtual reality startups due to COVID-19, Sandbox VR, a location-based VR startup …
Christine Hall / TechCrunch:
Berlin-based e-commerce logistics startup Hive raises $34M led by Earlybird and Picus at a $157M valuation, bringing its total raised to $44M  —  Berlin-based Hive announced $34 million in new investment Wednesday as it continues developing its technology that provides direct-to-consumer brands an alternative way to manage operations.

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Earlier Picks

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