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December 1, 2021, 10:00 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: |
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 …
More:
Finextra, Washington Post, Quartz, Fox Business, Vanity Fair, Livemint, The Overspill, The Economic Times, Fortune, CryptoSlate, Protos, Pixel Envy, CNN, Financial Times, Tech.co, and NPR
Tweets: @suhail, @willoremus, @pkafka, @dkthomp, @benthompson, @carnage4life, @trengriffin, @carnage4life, @jaskiratsb, @willoremus, @pistachio, and @jyarow
| 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, Liliputing, 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, @nano_arun, @donnymac, @zhuowei, @anandtech, @sadlyitsbradley, and @tech_edgete
| 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, Silicon Republic, TechRadar, TNW, The Hacker News, BGR India, PCMag, The i Paper, and ZDNet
Tweets: @twittersafety, @twittersafety, @twittersafety, @twittersafety, @howardlindzon, @mtracey, @chadloder, @mmasnick, @wongmjane, @vitogesualdi, @bretweinstein, @tomfitton, @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
| 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:
Washington Post, VICE, Financial Times, Coinspeaker, American Banker, Cryptonews, The Information, PYMNTS.com, Crypto Briefing, Benzinga, New York Times, Cointelegraph, Crowdfund Insider, Social Media Today, Protocol, TechCrunch, The Hill, Engadget, and Decrypt
Facebook: David Marcus. Tweets: @davidmarcus, @davidmarcus, @business, @davidmarcus, @thestalwart, @davidmarcus, @mayazi, @goldman, @mikeisaac, @michaeldowling, @haileylennonbtc, @qwongsj, @leb_crypto, @silvermanjacob, @martyswant, @alexrkonrad, @lizzadwoskin, @chrismessina, @ceciliakang, @sarthakgh, @karaswisher, @brianmcc, @davidmarcus, @davidmarcus, @davidmarcus, @caseynewton, and @jyarow
| 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
| 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, Reuters, and PYMNTS.com
Tweets: @laurenthomas, @jaycarney, @cnbc, @weaponoutfitter, @cortessteve, @ritholtz, @ourmaninchicago, and @ron_miller
| 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, Decrypt, Blockworks, Coinspeaker, Crypto Briefing, Cointelegraph, and CoinDesk
| 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, MarketWatch, SiliconANGLE, CRN, Investor's Business Daily, San Francisco Chronicle, Reuters, Wall Street Journal, Protocol, Insider, Bloomberg, TechCrunch, ZDNet, and Insider
Tweets: @epro, @benioff, @btaylor, @harrymccracken, @msquinn, @martinsfp, @danielnewmanuv, @brandee, @mndoci, @jowens510, @carnage4life, and @caseynewton
| 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: @zichenwanghere, @bauhiniacapital, and @dalperovitch
| 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, Decrypt, CoinDesk, Insider, Forbes, and Cointelegraph
| 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: |
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
| 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 …
More:
Android Central, Android Headlines, MSPoweruser, and SamMobile
Tweets: @dsccross, @dsccross, and @joshuaswingle
| 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
| 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 … | 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 … | 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:
SiliconANGLE and PR Newswire
| 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
| 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
| 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
| 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
| Daniel Thomas / Financial Times: |
UK crowdfunding service Seedrs will be acquired by US investing platform Republic for $100M, after UK's CMA blocked a planned Seedrs-Crowdcube merger — Investing platform Republic plans a push into Europe following changes to EU crowdfunding rules — UK crowdfunding business Seedrs …
More:
TechCrunch, EU-Startups, PR Newswire, Bdaily Business News, and Crowdfund Insider
| 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.
Tweets: @dlberes, @giladedelman, @parismarx, and @stevenlevy
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