| Jiyoung Sohn / Wall Street Journal: |
Sources: Samsung plans to build a ~$17B chip factory in Taylor, Texas, in 2024, with an announcement expected today; Samsung says location is not finalized — The announcement is expected at Tuesday event to be attended by Texas Gov. Greg Abbott, sources say| Reuters: |
Italy's antitrust regulator fines Amazon and Apple a total of $225M+ for alleged anti-competitive cooperation to sell Apple and Beats products — Italy's antitrust authority has fined U.S. tech giants Amazon.com (AMZN.O) and Apple Inc (AAPL.O) a total of more than 200 million euros … | Juli Clover / MacRumors: |
Location tracking service Life360 acquires Tile, which makes Bluetooth-based tracking accessories that compete with Apple's AirTag, for $205M — Tile, known for its range of Bluetooth-based tracking accessories that compete with the AirTag, is being acquired by location tracking service Life360, Tile announced today.| Jillian Deutsch / Bloomberg: |
EU lawmakers approve measures in the draft Digital Markets Act, including mandating messaging or social app interoperability and banning ad targeting to minors — - Competing messaging apps may have to be interoperable — Companies would have to stop targeting some ads to minors| VICE: |
ConstitutionDAO faces existential questions as a “core team” makes key decisions; high transaction fees mean ~50% of “investors” may lose the money they put in — ConstitutionDAO tried to buy the Constitution. Now it has a $40 million mess on its hands and entire refunds are being wiped out by high fees.| David Thiel / @elegant_wallaby: |
| Sarah Perez / TechCrunch: |
Spotify debuts Netflix Hub, which centralizes official soundtracks, playlists, and podcasts for Netflix content, in seven countries including the US, UK, India — Looking for the soundtrack from your favorite Netflix show? Now, it will be easier to find thanks to an expanded partnership between Netflix and Spotify.| Emma Roth / The Verge: |
Reddit is shutting down the standalone Dubsmash app on February 22, after acquiring it late last year, as it brings new video creation tools to its main app — You can now try out Reddit-exclusive lenses — Reddit will shut down its short-form video platform, Dubsmash, on February 22nd, 2022.| Nikkei Asia: |
Source: Japan is allocating $5.2B in fiscal 2021 to support semiconductor manufacturers, including $3.5B for TSMC — Micron and Kioxia set to get subsidies for domestic memory chip factories — The Japanese government has made plans to ensure a stable domestic supply of microchips.| Wendy Lee / Los Angeles Times: |
Two former Netflix employees, one who just resigned, at the center of protests over Chappelle's special withdraw their NLRB charge against the company — Two former Netflix employees who raised concerns about transphobic remarks in Dave Chappelle's latest special “The Closer” … | Rich Woods / XDA Developers: |
Sources: Qualcomm has an exclusivity deal with Microsoft for Windows on ARM that is set to expire soon, opening up chip vendor competition — Last week, we reported that MediaTek is planning to build a chipset for Windows on ARM. As it turns out, the Windows on ARM chipset space … | Kate Park / TechCrunch: |
Verbit, which uses AI and freelancers to provide voice transcription services, raises $250M Series E at a $2B valuation, after hitting a $1B+ valuation in June — Less than six months after raising a $157 million Series D round, AI-powered transcription and captioning platform Verbit announced today … | Nick Harris / The Mail on Sunday: |
Analysis: 17 of 20 English Premier League clubs have signed commercial deals with cryptocurrency companies, drawing criticism for potentially exploiting fans — - A number of top-flight clubs have been criticised for monetising fan interaction — Fears deals could replace top-flight clubs' relationship with gambling companies| Dennis Schaal / Skift: |
Peek, which offers tools to manage tours and activities, raises a $80M Series C led by WestCap, bringing its total funding to ~$120M — Skift Take — Peek survived the pandemic when so many tours and activities' operators went into hibernation or worse, and now it has another $80 million in the bank for expansion.| Nikkei Asia: |
Analysis: 597 VC firms have invested in Indian startups this year, with 211 of them making their debut investments; hedge funds invested $4.3B, up ~3x from 2020 — BENGALURU — Hundreds of venture capital firms from around the world are investing in India for the first time … | Christine Hall / TechCrunch: |
Budapest-based Bitrise, which helps companies develop mobile apps, raises a $60M Series C led by Insight Partners — As more of the world shifts to doing everything from their smartphones, the ability to build better iOS and Android apps has to move with it.| Niantic: |
Niantic, the AR platform company behind Pokémon Go, raises $300M from Coatue at a $9B valuation — Niantic Inc., developer of the world's first and only planet-scale AR platform, announced today that Coatue has made a $300 million investment in the company at a valuation of $9 billion.| Mary Ann Azevedo / TechCrunch: |
São Paulo-based buy now, pay later startup TruePay raises a $32M Series A led by Addition, three months after raising an $8.5M seed — Global investors continue to be drawn to LatAm. — TruePay, a one-year-old São Paulo-based “buy now, pay later” startup … | Jonathan Haidt / The Atlantic: |
Regulators and legislators should mitigate Instagram's harmful effects on teen girls by toughening COPPA and forcing Facebook and others to share data — Social media gets blamed for many of America's ills, including the polarization of our politics and the erosion of truth itself.| Bloomberg: |
Xiaomi reports Q3 revenue rose 8% YoY to $12.2B as net income dropped 84% YoY to $123.5M, driven by component shortages and growing competition in China — - CEO expects chip crunch to persist well into 2022 but ease — Supply chain disruptions, Honor's rise eroded market share| Zheping Huang / Bloomberg: |
Kuaishou beats as Q3 revenue rose 33.4% YoY to $3.2B, above $3.15B estimates, with a $1.1B net loss, and Chinese MAUs rose 19.5% YoY to 573M — Kuaishou Technology's revenue increased 33%, defying China's tech crackdown and intensifying competition with ByteDance Ltd.
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| Carolyn Said / San Francisco Chronicle: |
| Jordan Novet / CNBC: |
| Rithika Krishna / Reuters: |
| Sarah Perez / TechCrunch: |
| Daniel Cooper / Engadget: |
| Kyle Bradshaw / 9to5Google: |
| Tom Matsuda / The Block: |
| Washington Post: |