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November 30, 2021, 2:25 PM
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Jon Porter / The Verge:
UK's CMA orders Meta to sell Giphy, after finding the deal could harm rival platforms by denying access to GIFs, social media users, and UK advertisers  —  After its investigation found it could harm competition  —  The UK's competition regulator has officially ruled that Facebook parent …
Kris Holt / Engadget:
Twitter bans sharing private images and videos without consent, with exceptions for newsworthiness and public figures, and will remove content that users report  —  Twitter has expanded its private information policy to include media, banning users from sharing photos or videos of a private individual without their permission.
Casey Newton / The Verge:
Possible reasons Dorsey stepped down, including activist investors and disinterest in the role, and what to expect from Parag Agarwal, who has focused on crypto  —  Theories on why now, and what to expect from Parag Agrawal's Twitter  —  This story is part of a group of stories called
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.
More: Financial Times, Bloomberg, New York Times, NPR, Fortune, Engadget, TechCrunch, Wall Street Journal, Tech.co, ZeroHedge, Axios, Light Reading, Pocketnow, Android Central, Thurrott, Reuters, Benzinga, Bitcoin News, The Economic Times, Micky, Livemint, CoinGeek, CNET, Coinspeaker, ExchangeWire.com, BitcoinExchangeGuide, BGR India, Politico, fossbytes.com, TechCabal, MediaNama, American Banker, CNBC, BBC, and Silicon Canals
Tweets: @paraga, @jack, @patrickc, @jack, @elonmusk, @sundarpichai, @kfile, @alexeheath, @alexeheath, @gautam_adani, @ritholtz, @d_lux_brand, @alexeheath, @caseynewton, @sam_l_shead, @techemails, @donie, @stejormur, @kantrowitz, @parkermolloy, @dril, @kantrowitz, @thedailyshow, @pierce, @maxkennerly, @suhelseth, @chandrarsrikant, @malemayehou, @nisharotech, @varunkrish, @tomgara, @smalter, @epro, @panzer, @neerajka, @sherman4949, @danprimack, @milessuter, @zei_squirrel, @cz_binance, @btaylor, @byyourlogic, @jaboukie, @balajis, @ilanmuskat, @alexisohanian, @ericnewcomer, @pt, @stshank, @carnage4life, @carnage4life, @sahilriz, @sidin, @mmasnick, @rmac18, @mattocko, @mathewi, @rmac18, @caseynewton, @danprimack, @levie, @ggreenwald, @kellymakena, @kellymakena, @pkafka, @krangtnelson, @panzer, @seldo, @kateconger, @panzer, @44, @laurengoode, @matt_levine, @danprimack, @marklittlenews, @kurtwagner8, @shreyaghoshal, @caseynewton, @sherman4949, @rmac18, @pt, @llsethj, @sriramk, @pranavdixit, @levie, @sirsteven, @rmac18, @ceciliakang, @mgsiegler, @techledes, @nedsegal, @felixsalmon, @strngwys, @markmilian, @ishanagarwal24, @joshelman, @strngwys, @micsolana, @johnbiggs, @janewakefield, @b_fung, @kt_so_it_goes, @tomwarren, @charlesarthur, @jamesliamcook, @jimwaterson, @pinboard, @sonalibasak, @iansherr, @stevekovach, @mims, @jamestitcomb, @sherman4949, @phil_lewis_, @can, @rachelking, @sarafischer, @sherman4949, @danprimack, and @sam_l_shead
New York Times:
Profile of Twitter's new CEO Parag Agrawal, little known to the public and a Jack Dorsey confidant who has been involved in many big strategic initiatives  —  A longtime Twitter insider and a confidant of co-founder Jack Dorsey, Mr. Agrawal takes over as the social media company confronts various challenges.
Kurt Wagner / Bloomberg:
David Marcus, the co-creator of Diem who spent the last few years building the Novi wallet, is leaving Meta at the end of 2021 to pursue other projects  —  Marcus, who joined the tech giant in 2014, has struggled to get the Diem currency off the ground  —  David Marcus, one of the top executives …
Todd Bishop / GeekWire:
SEC filing: Satya Nadella last week sold half his Microsoft stock, worth over $285M, before Washington state implements its new capital gains tax on January 1  —  Microsoft CEO Satya Nadella sold half of his stake in the company in a series of transactions last week, divesting about 840,000 shares …
Charity L. Scott / Wall Street Journal:
Adobe: US consumers spent $7.1B online by 9PM ET on Cyber Monday, below expectations and down from $10.8B in 2020, as many shoppers returned to physical stores  —  Online retailers offered fewer discounts because of limited inventory, while more shoppers returned to stores
Sheelah Kolhatkar / New Yorker:
Profile of FTC Chair Lina Khan, as some longtime staffers worry she is underestimating the risks of pursuing aggressive antitrust cases that are likely to fail  —  As monopolies and other large companies gain increasing control of our daily lives, Khan is Joe Biden's pick to do something about it.
Mary Ann Azevedo / TechCrunch:
Fundbox, which offers lines of credit up to $150K to SMBs using AI to automate loan decisions, raises a $100M Series D at a $1.1B valuation  —  Fundbox, a company that offers loans to small businesses, announced today it has raised $100 million in a Series D round at a valuation of $1.1 billion.
More: Finextra and CTech
Aisha Malik / TechCrunch:
Developer productivity service Raycast, which helps manage SaaS tools, raises a $15M Series A led by Accel and Coatue  —  Developer-focused productivity tool Raycast has raised $15 million in Series A funding, led by Accel and Coatue.  Also participating in the round were angel investors Johnny Boufarhat …
More: Tech.eu and FinSMEs
Kyt Dotson / SiliconANGLE:
Mainframe Industries, which develops cloud-native MMOs, raises a $23M Series B led by Andreessen Horowitz, bringing its total funding to $33.7M  —  Mainframe Industries, the startup behind the first cloud-native massively multiplayer online game, today announced it has raised $23 million in new funding led by Andreessen Horowitz.

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This is a Techmeme archive page. It shows how the site appeared at 2:25 PM ET, November 30, 2021.

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From Mediagazer

Todd Spangler / Variety:
Trump says Stephen Colbert is a “pathetic trainwreck” and “CBS should, ‘put him to sleep,’ NOW”, after CBS aired a Late Show rerun in which Colbert mocked Trump

Alex Ritman / Variety:
In Channel 4's 2025 Alternative Christmas Message, Jimmy Kimmel said “tyranny is booming” in the US and, on his ABC suspension, “We won, the president lost”

Henry Blodget / Regenerator:
Bari Weiss' 60 Minutes decision may have been a way to both signal that she's serious about shifting CBS' sensibility to the right and “improve” a story

More News

Catherine Shu / TechCrunch:
Singapore-based YouTrip, which helps make multi-currency transactions more efficient, raises a $30M Series A led by anonymous prominent Asian family offices

Earlier Picks

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+
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