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September 9, 2024, 11:20 AM
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Ivan Mehta / TechCrunch:
Bending Spoons plans to lay off 75% of WeTransfer staff after acquiring the file-sharing service in July 2024; WeTransfer reportedly has 350+ employees  —  Italy-based app company Bending Spoons, which owns Evernote and Meetup, is planning to lay off 75% of the staff of file transfer service WeTransfer, TechCrunch has learned.
Washington Post:
The US DOJ's case against Google's ad business may benefit Meta, Amazon, and news organizations that pay Google a cut of revenue for brokering their website ads  —  Federal prosecutors are seeking a divestment of Google's multibillion-dollar online advertising business, saying its monopoly power harms advertisers and publishers.
Jack Apollo George / The Guardian:
A writer on working for a tech company, by writing pretend responses to hypothetical chatbot questions to help train AI models and teach chatbots how to write  —  Journalists and other writers are employed to improve the quality of chatbot replies.  The irony of working for an industry …
Dan Primack / Axios:
Source: Sequoia Capital completed its $861M purchase of Stripe shares from Sequoia limited partners last week; Stripe didn't receive any proceeds  —  - It also could become a model for how VC firms deal with long-in-the-tooth portfolio companies. … - Some LPs exited completely …
Mark Gurman / Bloomberg:
Sources: Apple will launch Image Playground and Genmoji as part of iOS 18.2; Sonos cuts its plans to build ~1M Ace headphones units per year to ~100K per year  —  Apple's AI features keep getting delayed — and that slow rollout likely means that the iPhone 16 won't see a “super cycle” of orders.
Mary Ann Azevedo / TechCrunch:
Miami-based finally, which offers bookkeeping, accounting, and finance tools for SMBs, raised a $50M Series B from PeakSpan and secured a $150M credit line  —  The SMB-focused bookkeeping, accounting and finance startup Finally has raised $50 million in a Series B round of funding and secured …
More: PitchBook
Ryan Browne / CNBC:
Skype co-founder Niklas Zennström's Atomico raised $1.24B for its sixth batch of new funds, including a $754M growth-stage fund and a $485M early-stage fund  —  LONDON — Atomico, an early investor in top European technology firms from Stripe to Klarna, announced Monday the launch …
Julie Jargon / Wall Street Journal:
Parents concerned about students' screen time at school are trying to opt their kids out of classroom tech, after working to ban smartphones in the classroom  —  After working to ban phones in the classroom, parents are now seeking a return to pencil and paper
Taro Fuse / Bloomberg:
Sources: Japanese chip startup Rapidus seeks to raise ~$696M from existing and new investors by issuing new shares to finance its chip development efforts  —  - Government-funded startup is approaching Mizuho, SMBC and DBJ  — Rapidus part of Japan's campaign to regain leadership in chips
More: The Register

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This is a Techmeme archive page. It shows how the site appeared at 11:20 AM ET, September 9, 2024.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Wall Street Journal:
Sources: WBD is preparing to tell its shareholders to reject Paramount's latest offer and plans to recommend they support the existing deal with Netflix

Todd Spangler / Variety:
E.W. Scripps' board unanimously rejects Sinclair's unsolicited acquisition proposal of $7 per share in cash and stock, offered in November

Christal Hayes / BBC:
The BBC says “as we have made clear previously, we will be defending” against Trump's defamation lawsuit and “we are not going to make further comment”

More News

Austin Carr / Bloomberg:
A profile of Texas-based Tyler Tech, which has become a dominant US local government software provider, despite a history of software flaws and release delays

Earlier Picks

Anthony Cuthbertson / The Independent:
CelesTrak: SpaceX controls 62%+ of all active satellites in orbit, ~10x more than closest rival OneWeb, after launching its 7,000th Starlink satellite on Sep. 5
Wall Street Journal:
Sources: xAI discussed a deal that would give Tesla access to its AI models to help power Full Self-Driving in exchange for a share of Tesla's software revenue
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