Techmeme
June 22, 2021, 10:00 PM
 

June 22, 2021

9:25 PM  •
Kennedy Rose / Philadelphia Business Journal:  Philadelphia-based Sporttrade raises $36M in funding, after emerging from stealth in May, for its upcoming app which provides a trading exchange for sports bets
8:50 PM  •
Bloomberg:  YouTube Shorts, which launched new stars but is rife with clickbait and TikTok re-uploads, will use new metrics to pay creators via a $100M fund this summer
8:02 PM  •
New York Times:  Sources: Tim Cook warned Pelosi that proposed antitrust bills were rushed, could hurt innovation; Google, Facebook, Amazon say bills would hurt SMBs, consumers
7:50 PM  •
Bloomberg:  Microsoft has become the second public US company to reach a $2T market value, after Apple did in August 2020 and two years after hitting its first $1T in value
7:15 PM  •
Maria Deutscher / SiliconANGLE:  Splunk raises $1B from Silver Lake in exchange for convertible notes, and says it will use the investment to fund buybacks; Splunk stock up 11%
7:00 PM  •
Bloomberg:  Full Truck Alliance closes at $21.50 per share on its first day of trading, up 13% from its initial price of $19, giving it a market value of ~$23.6B
6:35 PM  •
Tiernan Ray / ZDNet:  Intel forms an Accelerated Computing Systems and Graphics unit, and a Software and Advanced Technology unit, as part of the company's ongoing reorg
5:50 PM  •
Catherine Shu / TechCrunch:  Viva Republica, developer of Korean financial services app Toss, raises $410M at a post-money valuation of $7.4B, and says it's launching a neobank in September
4:55 PM  •
Richard Nieva / CNET:  Google, shifting to a hybrid workplace, debuts a Work Location Tool for staff to apply for an office move or to become fully remote and see how salaries change
4:15 PM  •
Karissa Bell / Engadget:  Facebook says it is working on visual search for Instagram shopping to help users find info on products in images, and Shops is coming to WhatsApp, Marketplace
3:05 PM  •
Adi Robertson / The Verge:  Twitter opens applications to test Ticketed Spaces and Super Follows for a small number of users, who will keep 97% of revenue after the IAP cut if making <$50K
2:35 PM  •
Joel Khalili / TechRadar:  How Reddit uses its community-first approach to moderate content, relying heavily on its users instead of outsourced moderation farms
1:20 PM  •
The Economic Times:  E-commerce management service CommerceIQ raises $60M Series C led by Insight Partners, bringing its total raised to $81M
1:05 PM  •
Brent Kendall / Wall Street Journal:  Sources: the FTC will review Amazon's proposed acquisition of MGM, just as the commission gets a new chairwoman who has been critical of Amazon's expansion
1:00 PM  •
Ingrid Lunden / TechCrunch:  Merlyn Mind, which is building software and hardware teaching aids for K-12, exits stealth with $29M led by Learn Capital
12:55 PM  •
Jeremy Laird / PC Gamer:  A look at AMD's new FidelityFX Super Resolution, which aims to upscale games to higher resolution and competes with Nvidia's DLSS technology
12:44 PM  •
Natasha Lomas / TechCrunch:  Privacy browser Brave launches a non-tracking search engine in beta, at search.brave.com, to offer an “all in one” alternative to Google Search and Chrome
12:35 PM  •
Nilay Patel / The Verge:  Q&A with Patreon CEO Jack Conte on its relationship with Apple and exception from App Store's 30% cut, supporting creators across platforms, and more
12:30 PM  •
Ingrid Lunden / TechCrunch:  Oyster, which develops HR software for a distributed workforce, raises $50M Series B led by Stripes at a $475M valuation, up 6x from its previous valuation
12:00 PM  •
Vicky McKeever / CNBC:  Dating app Bumble says it's giving all ~700 employees a “paid, fully offline one-week vacation” in June, recognizing the challenges endured during the pandemic
11:05 AM  •
Silicon Canals:  Berlin-based Myos, which runs an AI-based lending platform for e-commerce merchants, raises €25M Series A led by Fasanara Capital and Xploration Capital
10:10 AM  •
Hannah Murphy / Financial Times:  How Monero, a cryptocurrency that obscures the sender and receiver, is increasingly being used by ransomware gangs wary of bitcoin's traceability
9:50 AM  •
Noah Smith / Noahpinion:  Q&A with Marc Andreessen on his “It's Time to Build” essay, techno-optimism, Clubhouse and Substack's potential, “Augmented Intelligence”, crypto, and more
9:35 AM  •
Saqib Shah / Engadget:  Tinder announces several features, including support for up to nine videos on profiles and letting unmatched users talk in short bursts before swiping
9:30 AM  •
Daphne Leprince-Ringuet / ZDNet:  EU member states approve unimpeded data flows between EU and UK, deciding UK's regulations are as good as GDPR, avoiding complex legal paperwork for businesses
9:25 AM  •
The Verge:  Epic Games says it will offer free voice chat and anti-cheating tools for developers as part of its Online Services suite, compatible with all major platforms
8:45 AM  •
Omkar Godbole / CoinDesk:  Bitcoin falls to around $30,000, its lowest level since January 28 after a $64,000 peak in mid-April, as China continues to crack down on mining
8:30 AM  •
Golan Hazani / CTech:  Source: Israel-based JoyTunes, which helps users learn guitar and piano using AI, raises $50M at a $1B valuation led by GV
8:20 AM  •
Reuters:  Google confirms it is replacing its Engineering Residency, aimed at underrepresented participants, after employees said it enforced “systemic pay inequities”
8:15 AM  •
Paul Sawers / VentureBeat:  G2, which crowdsources enterprise software reviews and helps paying customers glean insights, raises $157M Series D at a $1B+ valuation
8:05 AM  •
Kait Bolongaro / Bloomberg:  Canadian lawmakers pass a controversial bill that would subject tech giants to the same requirements as traditional broadcasters; bill now heads to the Senate
7:45 AM  •
Aislinn Keely / The Block:  Elliptic report: US regulators, led by SEC, have levied $2.5B against various crypto projects since 2009, mostly from unregistered securities offerings
7:10 AM  •
Elad Gil / Elad Blog:  CB Insights data: US added 154 new unicorns since October 2020, 67%+ of the global total, while Europe added 25 unicorns, India added 11, and China added just 9
6:45 AM  •
Carly Page / TechCrunch:  Boston-based Transmit Security, which is building a biometric-based authenticator, raises $543M Series A at a $2.2B pre-money valuation
6:20 AM  •
Tim Hardwick / MacRumors:  UK government says it will test its new national Emergency Alerts system, starting with Android devices today before a smaller, regional iPhone test next week
6:00 AM  •
Javier Espinoza / Financial Times:  European Commission says it has opened an antitrust investigation into whether Google favors its own display ad tech over rivals
5:40 AM  •
Bloomberg:  Washington Democrat Pramila Jayapal says bipartisan antitrust legislation, one of six bills, would force Amazon to sell its logistics division
5:30 AM  •
Laurens Cerulus / Politico:  In a draft plan, the EU outlines a Joint Cyber Unit, which would let countries hit by cyberattacks request help, including rapid response teams
5:10 AM  •
Ingrid Lunden / TechCrunch:  DataRails, which offers financial planning and analysis tools that integrate with Excel, extends its Series A by $25M to $43.5M, bringing total raised to $55M
5:05 AM  •
Debby Wu / Bloomberg:  GlobalFoundries says it will spend $4B+ to build a chipmaking plant in Singapore, starting production in 2023, and devote $1B each to its German and US sites
4:55 AM  •
Foo Yun Chee / Reuters:  EU Court of Justice says YouTube and other platforms are not liable for copyright-infringing content uploaded by users under certain conditions
4:45 AM  •
Ingrid Lunden / TechCrunch:  Amsterdam-based Mollie, which offers developers plugins and APIs to integrate payments, raises $800M at a $6.5B valuation led by Blackstone Growth
4:40 AM  •
Jon Porter / The Verge:  London's mayor says the Underground will have mobile coverage by the end of 2024 across its entire system, including some popular stations by the end of 2022
2:25 AM  •
TechCrunch:  Vienna-based GoStudent, which connects K-12 students with online tutors, raises $244M Series C led by DST Global at a $1.7B valuation
12:05 AM  •
Conor Hale / FierceBiotech:  Cleerly, whose AI-powered imaging tech aims to provide a more comprehensive view of cardiac health than traditional indicators, raises $43M Series B

June 21, 2021

11:50 PM  •
Ian Hamilton / UploadVR:  After agreeing to be Facebook's first VR ad test partner, Resolution Games says it won't move forward with the test in its paid VR game Blaston
11:20 PM  •
Reuters:  Prosus says the value of its e-commerce portfolio excluding Tencent is worth $39B and had revenue of $6.2B in FY 2021, up 54% YoY, on $429M loss, down 46% YoY
8:35 PM  •
Katharine Schwab / Fast Company:  Survey of 37 tech giants: $3.8B committed to diversity efforts in 2020 and 2021, ~2/3 had made some kind of DEI policy change after the summer 2020 protests
6:45 PM  •
Kyle Wiggers / VentureBeat:  HPE says it has acquired Determined AI, which is developing an open source platform for building machine learning models; terms of the deal were not disclosed
4:55 PM  •
Bloomberg:  Filing: Amazon has ordered 1,000 autonomous driving systems from self-driving truck startup Plus and acquired the option to buy up to a 20% stake in the startup
4:00 PM  •
Nicole Lee / Engadget:  TikTok launches TikTok Jump to let creators enhance their videos by adding mini-app integrations from select partners including Whisk, Wikipedia, Quizlet, more
3:20 PM  •
Katherine Anne Long / The Seattle Times:  Internal docs: Amazon tries to push 6% of its office staff out of the company each year, calling the loss of low-ranked office workers “unregretted attrition”
2:55 PM  •
Ron Amadeo / Ars Technica:  Google quietly pushed Massachusetts' MassNotify COVID tracking app to Android phones in the state; after debuting last week, the app has 1M to 5M installs
1:55 PM  •
Chaim Gartenberg / The Verge:  A timeline of Google's long list of mostly-defunct messaging apps and services, starting in 2004 with Gmail and progressing to Google Talk, Hangouts, and Allo
12:45 PM  •
Daisuke Wakabayashi / New York Times:  Current and former Google execs say the company suffers from both its size and Sundar Pichai's leadership, marked by delayed decisions and raging culture fights
12:15 PM  •
BBC:  How North Korean hackers nearly stole $951M from Bangladesh Bank's New York Fed account in 2016, only to be stopped at the last moment after transferring $81M
11:00 AM  •
Noor Zainab Hussain / Reuters:  Filing: cybersecurity company SentinelOne will sell 32M shares at $26-$29, aiming for a $7B+ valuation and raising $928M at the top end, when it floats on NYSE
10:55 AM  •
The Information:  Sources: Shopify is rolling out a service that will let BuzzFeed and other content publishers link to merchants in exchange for a cut of transaction revenue
10:25 AM  •
Choe Sang-Hun / New York Times:  A look at the huge rise of esports in South Korea, where thousands of young people compete to go pro, and efforts to create sustainable jobs in the industry
9:40 AM  •
Mary Biekert / Bloomberg:  Securitize, which helps companies issue asset-backed security tokens, raises $48M Series B co-led by Morgan Stanley and Blockchain Capital
9:30 AM  •
Patrick Shanley / Washington Post:  A look at the future of E3, once the dominant gaming event, as the pandemic, withdrawal of Sony, and rise of competing events has weakened its impact and appeal
9:00 AM  •
Martin Arnold / Financial Times:  European Central Bank board member says a digital euro will protect consumer privacy and protect the eurozone from the “threat” of competing cryptocurrencies
8:25 AM  •
Julia Fioretti / Bloomberg:  Sources: Full Truck Alliance, a Chinese Uber-like service for trucks, raises $1.6B after pricing at $19, the top of the range; trading begins today on NYSE
8:20 AM  •
Stephanie Findlay / Financial Times:  Sources: Indian payments company Paytm is seeking to raise up to $3B in its forthcoming IPO, targeting a valuation of $29B; the company was last valued at $16B
8:00 AM  •
Romain Dillet / TechCrunch:  Revolut says it had $361M in 2020 revenue, up 57% YoY, non-adjusted operating loss reached $277M due to staff costs, and retail customers rose 45% to 14.5M
7:35 AM  •
Coco Feng / South China Morning Post:  As China expands its crackdown on cryptocurrency mining farms, analysis shows the price of GPUs has fallen on many e-commerce platforms in the country
7:30 AM  •
Sam Shead / CNBC:  Google says it has decided not to reopen Campus, its London-based startup space, after the pandemic forced it to close
7:25 AM  •
Richard Pallot / ITV:  Investigation finds Amazon has been destroying thousands of unsold goods at its UK-based Dunfermline warehouse; source says 130K items are destroyed per week
7:20 AM  •
Global Times:  China's Sichuan Province closes crypto mines, following Xinjiang, Inner Mongolia, and Yunnan; an estimated 90% of China's mining capacity has now been shut down
7:08 AM  •
Sarah Perez / TechCrunch:  Facebook rolls out Live Audio Rooms, available to verified public figures and select Groups, and its podcast service, available to select partners, in the US
7:05 AM  •
Sami Fathi / MacRumors:  Germany's Federal Cartel Office announces an antitrust investigation into Apple's App Store, pre-installed apps, and more
6:55 AM  •
Sarah Frier / Bloomberg:  Real estate mogul Frank McCourt says he plans to invest $100M to build a blockchain-based database of social connections, sidestepping the dominant social apps
6:20 AM  •
Ax Sharma / BleepingComputer:  Researcher finds iPhone bug that disables wireless functionality after joining a WiFi network called “%p%s%s%s%s%n”; resetting network settings fixes the issue
5:45 AM  •
Sam Shead / CNBC:  A look at Founders Forum, the annual UK event branded as the “Davos of tech” attended by Europe's top CEOs and investors from technology and media
5:05 AM  •
Douglas Busvine / Reuters:  Forto, a freight forwarding service that gives customers real-time data, raises $240M led by SoftBank's Vision Fund 2 at a $1.2B valuation
2:05 AM  •
Alan Suderman / Associated Press:  Tax experts say that ransomware victims' ransom payments are probably tax deductible in the US, unless they were paid by an insurance company

June 20, 2021

11:00 PM  •
Brian Heater / TechCrunch:  Wristcam, which makes a $299 Apple Watch band with a camera capable of taking 4K images and recording 1080p video, raises $25M led by Marker LLC
8:30 PM  •
Dr. Ian Cutress / AnandTech:  Interview with Jim Keller, a chip expert lauded for his work at AMD and Apple, on ARM vs x86 vs RISC-V, managing 1,000 people at Intel, and plans at Tenstorrent
7:05 PM  •
Matt Dougherty / KHOU-TV:  Some power companies in Texas are remotely adjusting the smart thermostats of users enrolled in their energy saving programs to reduce strain on power grids
6:15 PM  •
Rita Liao / TechCrunch:  Amber Group, a Hong Kong-based crypto finance startup that provides trading and asset management services, raises $100M Series B at $1B pre-money valuation
6:00 PM  •
Wall Street Journal:  Analysts say the dominance of TSMC, which makes ~92% of the world's most sophisticated chips and 60% of chips used in cars, poses risks to the global economy
4:20 PM  •
Ezra Fieser / Bloomberg:  A look at El Zonte, a surfing village in El Salvador dubbed Bitcoin Beach after an anonymous 2019 donation turned it into a controlled alt-currency experiment
2:25 PM  •
Christopher Mims / Wall Street Journal:  Pandemic boosted the “phone-ization” of PCs, which are adopting power efficient CPUs and thin designs, a trend which will accelerate with broader adoption of 5G
11:20 AM  •
Kristen Sinclair / The Verge:  A look at some Twitch streamers using the service to showcase minority languages like Galician, Welsh, Basque, and te reo Māori
8:15 AM  •
Betsy Ladyzhets / MIT Technology Review:  An analysis of the usage of COVID-19 contact tracing apps in 25 US states and DC finds that only 13 have enough usage to benefit from exposure notification
5:10 AM  •
Nicole Kobie / Wired UK:  A look at the evolution of AI chips and where they are headed, as companies like Google, Amazon, Graphcore, and Cerebras look to challenge Nvidia's dominance
2:05 AM  •
Forbes:  Leonid Radvinsky, billionaire owner of OnlyFans, ran sites in the '90s promoting “hacked” porn site passwords, including links promising access to child porn
1:50 AM  •
Emma Folts / Los Angeles Business Journal stories:  Eltropy, whose suite allows financial institutions to communicate with customers via text messages, announces $21M investment from K1 as part of its Series A
1:40 AM  •
Heather Landi / FierceHealthcare:  Brightline, which provides virtual behavioral health therapy for children and teenagers, raises $72M Series B led by GV, bringing its total raised to ~$100M
1:25 AM  •
Omar Faridi / Crowdfund Insider:  Shopping and pay later app nate, which allows users to buy products from any e-commerce store and centralize their purchases, raises $38M Series A
1:05 AM  •
Dean Takahashi / VentureBeat:  Lingokids, which offers educational games through its “playlearning” app for kids aged 2-8, raises $40M Series C and claims to reach 30M+ families worldwide
12:55 AM  •
Juliet Chung / Wall Street Journal:  Addepar, a provider of wealth management software, raises $150M from D1 Capital Partners at a $2.17B valuation; source: Addepar was valued at ~$1B in November

June 19, 2021

11:45 PM  •
Hanaa' Tameez / Nieman Lab:  Survey: social media users see the removal of hate speech as more fair than removing profanity, with moderators who removed hate speech seen as more trustworthy
8:40 PM  •
Olivia Solon / NBC News:  Drought-stricken communities in the US push back against data centers' water usage; a typical data center uses same water per day as a city of 30K-50K people
5:35 PM  •
Chuq Von Rospach / 6FPS:  Apple, whose arrogance and sense of entitlement let it treat developers as a hassle for two decades, will find few allies as it fights looming regulation
4:00 PM  •
Juan José Relmucao / Rest of World:  How an Argentinian govt. program that issued netbooks to 4M low-income students from 2011 to 2015 helped indirectly create a new generation of teen musicians
2:25 PM  •
Eric Newcomer / Newcomer:  Andreessen Horowitz's Future doesn't compete with journalism because it offers up essays, not reporting, limiting its potential to promote tech-positive views
1:25 PM  •
Joseph Cox / VICE:  Inside Genesis Market, an invite-only service where cybercriminals can source cookies lifted from hacked computers, as happened with the recent EA breach
11:35 AM  •
Karissa Bell / Engadget:  Facebook says it will update its community standards to clarify how it treats satirical content as a result of recommendations from the Oversight Board
9:55 AM  •
Todd Feathers / VICE:  Some US unemployment applicants say facial recognition models used by ID verification service ID.me are failing to identify them, locking them out of benefits
8:15 AM  •
Alex Sherman / CNBC:  How Roku beat larger companies by focusing on distribution, as it pivots to focus on original programming with plans to spend $1B on content next year
6:40 AM  •
Financial Times:  South Korea has become a global center for digital sex crimes as cases of illegal filming and distribution of images rose to 7,000 in 2020, up 70% from 2019
5:05 AM  •
Bloomberg:  Microsoft and at least a dozen startups are testing nonconducting liquids to cool servers in data centers, where almost half of the power is used for cooling
3:30 AM  •
Yuan Yang / Financial Times:  As China ramps up scrutiny of its tech companies, experts say its antitrust regulator SAMR lacks resources; SAMR only had a staff of about 50 people as of March
1:55 AM  •
Kara Swisher / New York Times:  Interview with Rep. Cicilline on his bipartisan package taking on Big Tech, Apple's DOJ subpoena, Facebook's platform lock-in, and acquisition and merger reform
1:35 AM  •
Jeff Clabaugh / WTOP:  Booz Allen Hamilton acquires Liberty IT Solutions for $725M; Liberty IT's work includes IT modernization projects for govt. agencies and the healthcare industry

June 18, 2021

11:30 PM  •
Rest of World:  Koo, the Indian microblogging app that has positioned itself as a government-friendly alternative to Twitter in India, is taking a similar approach in Nigeria
10:47 PM  •
Reuters:  PayPal will increase US sellers' costs to 3.49% plus $0.49 per transaction on its payment products starting Aug. 2, up from 2.9% plus $0.30 on most transactions
9:40 PM  •
Michiel Willems / City A.M.:  Dealroom and Tech Nation: UK becomes the third country, after the US and China, to have 100 or more tech unicorns; 34% of UK unicorns are fintech companies
9:00 PM  •
Margaret Harding McGill / Axios:  WH unveils new US broadband map that uses data from FCC, Ookla, Microsoft, and more, showing a greater gap in internet access, as it pushes for more spending
7:20 PM  •
Laurel Brubaker Calkins / Bloomberg:  US appeals court rules Huawei can't subsidize the sale of its 5G tech with federal funds earmarked for US broadband development, upholding a 2019 FCC order
6:40 PM  •
Ryan Browne / CNBC:  Dealroom: European startups have raised €43.8B in the first six months of 2021, surpassing the record €38.5B raised in 2020
5:10 PM  •
Hugh Son / CNBC:  Goldman Sachs has begun trading bitcoin futures in partnership with Mike Novogratz's merchant bank Galaxy Digital
4:40 PM  •
Brandon Kochkodin / Bloomberg:  PitchBook: $17B have been invested in crypto startups this year, including $10B of digital assets from Block.one to capitalize crypto exchange Bullish Global
3:10 PM  •
Sami Fathi / MacRumors:  YouTube says it is rolling out picture-in-picture support for YouTube Premium users on iOS and plans to launch the feature for all iOS users in the US
2:00 PM  •
Mercury News:  California launches a digital vaccine verification system built using the open-source SMART Health Card Framework, with QR codes to show COVID-19 vaccine status
12:35 PM  •
Dade Hayes / Deadline:  Roku says from May 20 to June 3, more Roku viewers streamed a Roku Original than Quibi users who streamed Quibi shows during the nine months of Quibi's lifetime
12:00 PM  •
Alex Kantrowitz / Big Technology:  The Platform Competition and Opportunity Act, which ends Big Tech acquisitions, could backfire in several ways, like discouraging startups' productive behavior
10:30 AM  •
Jonathan Vanian / Fortune:  Fiddler AI, which makes tools to help engineers monitor machine learning systems, raises $32M Series B led by Insight Partners
9:45 AM  •
Andrew Asmakov / Decrypt:  Two major Chinese banks now allow customers to exchange digital yuan for cash at 3,000+ ATMs in Beijing, in an expansion of China's digital currency experiment
9:15 AM  •
Foo Yun Chee / Reuters:  Sources: EU antitrust regulators plan to open a formal investigation into Google's digital advertising business before the end of the year
8:50 AM  •
VentureBeat:  Study: 80% of organizations that paid a ransom were hit by a second ransomware attack; 66% orgs cited revenue losses after the attack and 53% cited brand damage
7:25 AM  •
Hannah Murphy / Financial Times:  Ukrainian police arrest members of ransomware gang Clop, the first time that a national law enforcement agency has carried out mass arrests of such a gang
5:50 AM  •
Bert Hubert's writings:  European companies' reluctance to offer free software and services has resulted in the region being over-dependent on US and others for communication platforms
3:00 AM  •
Sanket Jain / The Verge:  Social health activists in India have been tasked with curbing COVID-19 misinformation, with many workers using WhatsApp to stop its spread
1:15 AM  •
Sam Byford / The Verge:  OnePlus CEO Pete Lau says OnePlus and Oppo will have more integrations moving forward, further hinting at a possible merger

June 17, 2021

11:10 PM  •
Manish Singh / TechCrunch:  PUBG Mobile returns to Google Play Store in India with new name Battlegrounds Mobile India, after being banned for nine months on national security grounds
10:50 PM  •
Eric Geller / Politico:  Senate confirms ex-NSA director Chris Inglis as national cyber director; Congress still has not funded his office, despite authorizing him to hire 75 employees
10:45 PM  •
Jeremy Nobile / Crain's Cleveland Business:  Splash Financial, a digital lending platform specializing in student loan refinancing, raises $44.3M Series B led by DST Global, Citi Ventures, and more
10:30 PM  •
Mishaal Rahman / XDA Developers:  APK teardown of new version of Google Play Services suggests that Google is working to build an Android device network like Apple's Find My
10:10 PM  •
Laurel Deppen / GeekWire:  Seattle-based Leafly, which runs an online marketplace for cannabis, raises $23M from existing investors; Leafly has 120M annual visitors

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