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December 1, 2021, 10:45 AM
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| 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.
More:
Washington Post, CNBC, Axios, and International Business Times
| Ben Thompson / Stratechery: |
More:
Finextra, Washington Post, Fox Business, Livemint, The Overspill, Vanity Fair, Quartz, The Economic Times, CryptoSlate, Fortune, Pixel Envy, Protos, Financial Times, and Tech.co
Tweets: @willoremus, @suhail, @pkafka, @dkthomp, @benthompson, @carnage4life, @trengriffin, @carnage4life, @jaskiratsb, @willoremus, @pistachio, and @jyarow
| 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.
Source:
Twitter. More:
Twitter Help Center, CNN, New York Times, TechCrunch, Silicon Republic, TechRadar, TNW, The Hacker News, BGR India, PCMag, The i Paper, and ZDNet
Tweets: @twittersafety, @twittersafety, @twittersafety, @twittersafety, @howardlindzon, @chadloder, @mmasnick, @wongmjane, @vitogesualdi, @bretweinstein, @tomfitton, @mtracey, @twittersafety, @carnage4life, @bhweingarten, @matthewtyrmand, @ulonnaya, @twittersafety, @twittersafety, @imao_, @etbrooking, @noupside, @willmenaker, @vv1lder, @cwarzel, @evan_greer, @dloesch, @kirkwrites79, @josephfcox, @alyssafarah, @bergealex4, @blackamazon, @ecrumrine, @kyriacosonyx, @drivenbyboredom, @digiphile, and @paulg
| 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 …
More:
Qualcomm, Thurrott, Axios, AnandTech, Qualcomm, Telecoms.com, SemiAccurate, Huawei Central, Phone Scoop, Wccftech, ZDNet, VideoCardz.com, Forbes, PCWorld, TechPP, HotHardware.com News, 9to5Google, MobileSyrup, XDA Developers, Android Authority, Pocket-lint, Gizmodo, PCMag, TNW, TechCrunch, Notebookcheck.net, and Android Police
Tweets: @bryanbma, @dcseifert, @donnymac, @zhuowei, @anandtech, @sadlyitsbradley, @nano_arun, and @tech_edgete
| Tom Krazit / Protocol: |
Meta selects AWS as its “long-term strategic cloud provider”, a partnership that includes improving helping AWS customers run Pytorch framework — The company formerly known as Facebook built an impressive array of computing infrastructure over the last decade.
More:
ZDNet, Associated Press, Stock market news, and Devdiscourse News Desk
| 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 …
More:
AWS News Blog, Amazon Web Services, Inc., Finextra, Beyond Search, Channel Futures, SiliconANGLE, TechRepublic, and ZDNet. Tweets: @dhschoolar
| 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.
More:
Oculus Blog, Road to VR, Engadget, TechRadar, VRFocus, VRScout, and Android Central
| 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
More:
The Block, Crypto.com, Blockworks, Decrypt, Coinspeaker, Crypto Briefing, CoinDesk, and Cointelegraph
| 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 …
More:
South China Morning Post, TechCrunch, Tech in Asia, and Reuters
Tweets: @dalperovitch, @zichenwanghere, and @bauhiniacapital
| 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 …
More:
VICE, CryptoPotato, Financial Times, Coinspeaker, American Banker, Cryptonews, The Information, PYMNTS.com, Crypto Briefing, Benzinga, Cointelegraph, New York Times, Crowdfund Insider, Social Media Today, Protocol, TechCrunch, The Hill, and Engadget
Facebook: David Marcus. Tweets: @davidmarcus, @davidmarcus, @business, @sylviavarnham, @davidmarcus, @thestalwart, @davidmarcus, @goldman, @mikeisaac, @michaeldowling, @mayazi, @haileylennonbtc, @qwongsj, @leb_crypto, @silvermanjacob, @martyswant, @alexrkonrad, @lizzadwoskin, @chrismessina, @ceciliakang, @sarthakgh, @karaswisher, @brianmcc, @davidmarcus, @davidmarcus, @davidmarcus, @caseynewton, and @jyarow
| 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.| 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 …
More:
TechCrunch, CoinDesk, Forbes, Decrypt, Coinspeaker, cryptodaily.co.uk, Insider, and Cointelegraph
| 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 …
More:
The Verge, Silicon Republic, CNBC, Salesforce, Coinspeaker, Axios, SiliconANGLE, CRN, Investor's Business Daily, San Francisco Chronicle, Reuters, MarketWatch, Wall Street Journal, Protocol, Insider, Bloomberg, TechCrunch, ZDNet, and Insider
Tweets: @epro, @benioff, @btaylor, @harrymccracken, @msquinn, @danielnewmanuv, @brandee, @mndoci, @jowens510, @carnage4life, @martinsfp, and @caseynewton
| Yogita Khatri / The Block: |
Blockchain audit service CertiK raises an $80M Series B2, following $61M across B and B+ rounds, at a nearly $1B valuation led by Sequoia Capital — Quick Take — CertiK, a blockchain and smart contract auditing firm, has raised another $80 million. — The firm is now valued at nearly $1 billion.
More:
Blockworks, CoinDesk, ZDNet, SiliconANGLE, and Cointelegraph
| 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 …
More:
Android Central, Android Headlines, MSPoweruser, and SamMobile
Tweets: @dsccross, @dsccross, and @joshuaswingle
| 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.| 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.
More:
About Amazon, CNET, Adobe Blog, The Verge, Digital Trends, BetaKit, Slashdot, TheStreet, ZDNet, International Business Times, 9to5Toys, New York Post, Thurrott, and Reuters
Tweets: @laurenthomas, @cnbc, @weaponoutfitter, @jaycarney, @cortessteve, @ritholtz, @ourmaninchicago, and @ron_miller
| 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
| Matt Grossman / Wall Street Journal: |
Match Group says it will pay $441M to settle claims by Tinder founders and execs that Match undervalued the app to avoid paying up to $2B in mid-2017 — Company says it would pay $441 million to plaintiffs, including dating app's co-founders — Match Group Inc. has settled a lawsuit filed …
More:
New York Post, Reuters, Financial Times, and Fortune
| 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 … | Stacy Mitchell / Institute for Local Self-Reliance: |
Research: Amazon revenue from third-party sellers will reach $121B in 2021, up from $60B in 2019, as seller fees reach 34%, up from 30% in 2018 and 19% in 2014 — Amazon's dominance of online retail means that small businesses have little choice but to rely on its site to reach consumers.
More:
Vox. Tweets: @stacyfmitchell, @stacyfmitchell, @stacyfmitchell, @stacyfmitchell, @stacyfmitchell, @stacyfmitchell, @stacyfmitchell, and @stacyfmitchell
| 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 … | 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 …
More:
PYMNTS.com and pitchbook.com
| 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.
More:
DealStreetAsia
| Frederic Lardinois / TechCrunch: |
Tel Aviv-based Frontegg, which helps SaaS companies track user data, raises a $25M Series A led by Insight Partners — Frontegg, a Tel Aviv-based startup that provides SaaS companies with the core user management tools they need to build their own services, today announced that it has raised …
More:
CTech, SiliconANGLE, and PR Newswire
| 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
More:
GlobeNewswire News Room and ZDNet
| Kyle Wiggers / VentureBeat: |
CyCognito, which helps eliminate critical security risks in IT ecosystems, raises a $100M Series C at an $800M valuation led by The Westly Group — CyCognito, a company developing bot technology to probe potential cyberattack vectors, today announced that it raised $100 million …
More:
TechCrunch, CTech, PR Newswire, Globes Online, and SiliconANGLE
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