Techmeme
December 1, 2021, 9:05 AM

Top News

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 …
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.
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 …
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.
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 …
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.
More: CTech
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.
More: Finextra and Entrackr
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 …
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.
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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