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November 29, 2021, 3:30 PM
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| Jessica Bursztynsky / CNBC: |
Twitter CEO Jack Dorsey resigns, CTO Parag Agrawal takes over effective immediately; Dorsey to quit the board in 2022, Salesforce's Bret Taylor to become chair — Twitter CEO Jack Dorsey is stepping down as chief of the social media company, effective immediately.
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| Reuters: |
Documents: China's Henan province commissions a 3,000-camera surveillance system to track journalists, international students, and other “suspicious people” — Security officials in one of China's largest provinces have commissioned a surveillance system they say they want to use …
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BBC, Slashdot, and Candid.Technology
Tweets: @reuters, @jorge_guajardo, @alfonslopeztena, @alex, @sheenagreitens, @sheenagreitens, @sheenagreitens, @sheenagreitens, @baldingsworld, @baldingsworld, @zeyiyang, @dsorennie, @james_t_quinn, @chinalawtransl8, @williamnee, @jamesclayton5, @charlesrollet1, @ehundman, @m_johnston1, @jamesclayton5, and @petesweeneypro
| Financial Times: |
Sources: UK's CMA is expected to block Meta's proposed acquisition of Giphy in the coming days — Move would be the first time the competition watchdog has reversed a Big Tech acquisition — The UK competition regulator is expected to block Meta's acquisition of online gif platform Giphy …
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Reuters, Engadget, CNET, TNW, New York Post, iPhone in Canada Blog, Coinspeaker, Insider, City A.M., equalocean.com, and The Economic Times
Tweets: @mdudas, @ldignan, @martinsfp, @lutherlowe, and @bergmayer
| Natasha Lomas / TechCrunch: |
Citing “alleged serious breaches” of data protection laws, UK's ICO notifies Clearview AI of its provisional intention to fine the company £17M+ — Controversial facial recognition company Clearview AI is facing a potential fine in the UK.
More:
ico.org.uk and Bloomberg
Tweets: @iconews, @vmanancourt, @zackwhittaker, @rmac18, @rmac18, and @rmac18
| Natasha Lomas / TechCrunch: |
Thought Machine, which helps banks launch cloud-based services, raises a $200M Series C led by Nyca Partners at a $1B+ valuation — Thought Machine, a 2014 (Xoogler) founded startup that sells cloud-based b2b banking services, has closed a $200 million Series C round and announced …
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Thought Machine, altfi.com, FinLedger, CNBC, Crowdfund Insider, Silicon Canals, Tech.eu, FinSMEs, and PYMNTS.com. Tweets: @disruptionbank
| Tom Lowrey / ABC: |
Australia PM Scott Morrison proposes defamation legislation that would mandate social media companies reveal the identities of anonymous trolls or face fines — Social media companies could be forced to reveal the identities of anonymous users in an effort to crack down on online trolling … | James Rundle / Wall Street Journal: |
Intel is stockpiling ~3,000 pieces of its hardware and software going back a decade in Costa Rica for security research, with plans to expand to ~6,000 in 2022 — Chip maker is stockpiling legacy technology for security research, plans to expand facility to house 6,000 pieces of equipment| Miriam Gottfried / Wall Street Journal: |
Clearlake Capital to buy Quest Software, which makes tools for IT departments, from Francisco Partners, sources say for $5.4B including debt — Deal values former Dell unit at $5.4 billion, including debt, sources say — Clearlake Capital Group LP has struck a deal to buy Quest Software Inc … | Wall Street Journal: |
Analysis: Amazon has built more than 450 warehouses in the US since the end of 2019, doubling its fulfillment capacity in the country to over 930 facilities — Online retail giant has nearly doubled its fulfillment capacity since the start of the Covid-19 pandemic
Tweets: @margotroosevelt
| Mike Butcher / TechCrunch: |
Chegg acquires Busuu, an online language learning startup with 120M+ users across 160+ countries, for €385 million — Chegg, the NYSE listed student media learning platform is acquiring Busuu, the online language learning startup established in Europe in 2008, for approximately $436 million … | Tage Kene-Okafor / TechCrunch: |
Yassir, an Algerian startup with 3M+ users that provides on-demand services such as ride-hailing and last-mile delivery, raises a $30M Series A — Yassir, an Algerian startup that provides on-demand services such as ride-hailing and last-mile delivery, has raised a $30 million Series A round.| Annie Palmer / CNBC: |
The Retail, Wholesale and Department Store Union says the NLRB has authorized a new election for Amazon warehouse workers in Alabama — - The National Labor Relations Board has authorized a new union election at one of Amazon's Alabama warehouses, the labor union behind the effort said Monday.Sponsor Posts
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