| 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.| Kevin Roose / New York Times: |
Jack Dorsey joins other tech leaders who seem to have grown tired of managing their platforms, amid increasing political controversy and hard-to-fix problems — Jack Dorsey, who is stepping down after six years as Twitter's chief executive, is one of the tech leaders who seem to have grown tired of managing their empires.| Ben Thompson / Stratechery: |
Twitter should consider changing its business model as its ad revenue remains weak, despite its locked-in userbase, indispensability, and impenetrable moat — From CNBC: … On one hand, congratulations to Twitter for its first non-messy CEO transition in its history; on the other hand … | Lauren Thomas / CNBC: |
Adobe: US consumers spent $10.7B online on Cyber Monday, below expectations and down 1.4% from $10.8B in 2020, as many shoppers returned to physical stores — - Consumers logged online Monday and spent $10.7 billion, marking a 1.4% decrease from year-ago levels, according to data from Adobe Analytics.| Kurt Wagner / Bloomberg: |
David Marcus, the co-creator of Diem and head of Novi, will leave Meta at the end of the 2021; current Novi VP of Product Stephane Kasriel will lead Novi — 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 … | Chaim Gartenberg / The Verge: |
Qualcomm unveils Snapdragon 8 Gen 1, with improved camera and AI processing and up to 20% better performance and 30% better power efficiency over Snapdragon 888 — Faster performance, better cameras, improved AI, and more — Qualcomm has a new flagship smartphone processor … | Hugh Son / CNBC: |
Goldman Sachs partners with AWS to provide its market data and software tools to hedge funds and asset managers as a new service, GS Financial Cloud for Data — - The bank is opening up access to its trove of market data and software tools to hedge funds and asset managers in an offering designed … | Frederic Lardinois / TechCrunch: |
| Jamie Feltham / UploadVR: |
Oculus rolls out v35, adding a mixed reality camera feature that requires an iPhone XS or above, Messenger Calling in VR, a new cloud backup system, and more — An upcoming update to the Oculus Quest and Meta Quest 2 will add mixed reality capture via iPhone and calling via Messenger, Mark Zuckerberg confirmed.| Jordan Novet / CNBC: |
Salesforce promotes Bret Taylor to Vice Chair of the Board and co-CEO alongside Marc Benioff, effective immediately — - Bret Taylor will be co-CEO alongside Marc Benioff, who built Salesforce into one of the world's largest enterprise software companies. — Taylor was quickly promoted … | Yogita Khatri / The Block: |
1inch Network, which offers the popular DEX aggregator 1inch app, raises a $175M Series B led by Amber Group, bringing its total funding to $190M — Quick Take — 1inch Network has raised $175 million in a Series B funding round. — The project is looking to serve institutional customers … | Turner Wright / Cointelegraph: |
The NY Federal Reserve launches an innovation center to support the agency's analysis of digital currencies, including CBDCs, and improve cross-border payments — Jerome Powell cited CBDCs and digital assets in his speech to open the New York Innovation Center at the Federal Reserve's local offices.| Bloomberg: |
Sources: China plans to ban companies from going public on foreign markets through variable interest entities, closing a loophole used by its tech companies — China is planning to ban companies from going public on foreign stock markets through variable interest entities … | Annie Njanja / TechCrunch: |
Anchor, which offers cloud-based autonomous billing tools for companies, raises a $15M seed led by Rapyd Ventures and others — Companies often spend an incommensurate amount of time chasing overdue payments, which distracts them from their core businesses, and brings forth cash flow issues.| Joanna Ossinger / Bloomberg: |
Crypto.com says it plans to acquire the North American Derivatives Exchange (Nadex) and a ~40% stake in Small Exchange from IG Group for $216M in cash — - Small Exchange is backed by Citadel, Peak6, Jump Capital — Cash deal is expected to be completed in first half of 2022| Manish Singh / TechCrunch: |
Simpl, a Bangalore-based buy now, pay later service, raises a $40M Series B led by Valar Ventures and IA Ventures, bringing its total funding to $83M — Bangalore-based fintech startup Simpl has raised $40 million as it looks to expand its online buy now, pay later service's offerings in the world's second largest market.| Ross Young / Display Supply Chain Consultants: |
Foldable smartphone shipments reached a record 2.6M units in Q3, up 480% YoY, with Samsung accounting for 93% of shipments followed by Huawei at 6% — Austin, TX - — Q3'21 was a record quarter for foldable smartphone shipments as expected, given the successful launch of the Samsung Galaxy Z Flip 3 … | Catherine Shu / TechCrunch: |
Sydney-based Harrison.ai, which uses AI-based tools to help improve the diagnosis process in health care, raises a $92.3M Series B led by Horizons Ventures — Harrison.ai, a Sydney-based company that creates medical devices with AI technology, announced today it has raised $129 million AUD … | Michael Pooler / Financial Times: |
Brazilian neobank Nubank lowers its IPO range from $10-$11 to $8-$9, targeting a $41.5B valuation and raising up to $2.6B — Implied $41.5bn valuation would make lender most valuable financial institution in its home country — Nubank has scaled back its planned initial public offering in New York … | Mark Sweney / The Guardian: |
Niels Juul, who produced Scorsese's The Irishman, launches NFT Studios and plans to raise $8M-$10M to fund a feature film by selling 10,000 NFTs — Niels Juul hopes to raise up to $10m and says he wants to ‘democratise’ antiquated funding system — The executive producer behind blockbusters … | Maria Armental / Wall Street Journal: |
GlobalFoundries reports Q3 net revenue rose 56% YoY to $1.7B as profit reached $5M, up from a $293M loss YoY, in its first post-IPO earnings report — The financial report was the company's first as a public company, which started trading publicly in October| Bloomberg: |
Sources: Indian food delivery service Swiggy is raising $600M-$700M at a $10.5B valuation led by Invesco, up from $5.5B in April — Indian food delivery service Swiggy is raising $600 million to $700 million in a round led by Invesco that's due to close this month, according to people with knowledge of the matter.| Steven Levy / Wired: |
Q&A with Frances Haugen on becoming a whistleblower, leaving Facebook after moving to Puerto Rico due to health, Meta, plans to run simulated social networks — When the Wall Street Journal launched a series of explosive articles based on internal Facebook documents in September, people naturally wondered about the source.| Kate Park / TechCrunch: |
PeopleFund, a South Korea-based P2P lending service, raises a $63.4M Series C led by Bain Capital, as it looks to beef up its ML-powered credit scoring system — South Korea-based peer-to-peer (P2P) lending platform PeopleFund announced today it has closed a $63.4 million (75.9 billion won) …
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| Jon Porter / The Verge: |