November 30, 2021, 11:35 AM

Top News

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.
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
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: PR Newswire, Bloomberg, New York Times, TechCrunch, Wall Street Journal, ZeroHedge, CNET, Thurrott, CNN, Benzinga, Light Reading, Engadget, Bitcoin News, Axios, BitcoinExchangeGuide, Politico, BBC, PR Newswire, Micky, Reuters, The Economic Times, BGR India,, Livemint, CoinGeek, Coinspeaker,, American Banker, TechCabal, MediaNama, Silicon Canals, HuffPost, National Review, CNBC, Bankless Times, Variety, Vox, Forbes, 9to5Mac, The Verge, Gizmodo, CryptoSlate, Decrypt, Protocol, Inc42 Media,, Financial Times, Fortune, The Economic Times, International Business Times, Social Media Today, Crypto Briefing, Android Headlines,, Observer, and Cryptonews
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Jon Porter / The Verge:
UK's CMA says Meta must sell Giphy, after finding the deal could harm social media users, rival platforms by denying access to GIFs, 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 reported offending media  —  Twitter has expanded its private information policy to include media, banning users from sharing photos or videos of a private individual without their permission.
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
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.
Charity L. Scott / Wall Street Journal:
Adobe: online US consumers spent $7.1B by 9PM ET on Cyber Monday, below expectations and down from $10.8B in 2020, as many shoppers return to physical stores  —  Online retailers offered fewer discounts because of limited inventory, while more shoppers returned to stores
Amy Dobson / Forbes:
Lessen, which offers a marketplace for property services, raises a $170M Series B at a $1B+ valuation led by Fifth Wall  —  The home services marketplace Lessen, which is geared towards facilitating the logistics for every stage of home services and repair for both residents and service professionals …
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.
Rebecca Bellan / TechCrunch:
CloudTrucks, which helps truck operators manage cash flows, insurance, and more, raises a $115M Series B led by Tiger Global, bringing its funding to $142M  —  CloudTrucks wants to use technology to help trucking entrepreneurs operate their business: The California-based startup sells business …
More: Forbes
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: and FinSMEs

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