Court docs: Epic's total gross revenue was $5.6B in 2018 and $4.2B in 2019, with the vast majority of revenue coming from Fortnite
New financial figures were revealed as part of Epic Games' antitrust case against Apple — After a meteoric rise to popularity in 2018 …
Twitter buys Scroll, the $5/month service that removes ads from partner news sites; Scroll's Nuzzel email service will shut down on May 6
The Nuzzel email service is winding down and the future of Scroll is uncertain — Twitter's acquisition spree continues today with Scroll …
Court docs: in a 2011 email Phil Schiller floated cutting Apple's 30% fee, provided it could still generate $1B in annual App Store profits when the fee was cut
Just over eight months after she signed up for Twitter, actor Kangana Ranaut … Malcolm Owen / AppleInsider : Apple's & Facebook tensions span a decade, reveals Epic ‘Fortnite’ trial emails Nick Statt ...
Epic vs. Apple trial begins with Epic attacking the App Store's “walled garden”, arguing Apple's 30% cut is monopolistic; Apple argues 30% is standard practice
Today marked the beginning of the highly-anticipated Apple vs. Epic trial, and things kicked off with both companies presenting their opening statements.
Apple releases iOS 14.5.1, watchOS 7.4.1, and macOS Big Sur 11.3.1 with security fixes for flaws in WebKit that Apple says were being actively exploited
Alongside iOS 14.5.1 and watchOS 7.4.1, Apple today also released macOS Big Sur 11.3.1, which the company says “provides important security updates”.
Verizon says it will sell Yahoo and AOL to PE firm Apollo Global Management for $5B, keeping a 10% stake in the company, which will be rebranded as just “Yahoo”
- Verizon will sell its media group, which includes brands from AOL and Yahoo, to private equity firm Apollo Global Management.
Basecamp employees detail an all-hands that led to resignations, including the head of strategy, who questioned the existence of white supremacy at the company
I. — At 8AM PT on Friday, a bleary-eyed Basecamp CEO Jason Fried gathered his remote workforce together on Zoom to apologize.
Intel to invest $3.5B to upgrade its chipmaking plant in New Mexico, resulting in 700 new jobs over three years, as part of CEO Pat Gelsinger's turnaround plan
Stephen Shankland / CNET :
Apple hires ex-Google AI scientist Samy Bengio, who left last month after colleagues' firings; sources say Bengio will lead a new AI unit under John Giannandrea
Apple Inc (AAPL.O) said on Monday it has hired former distinguished Google (GOOGL.O) scientist Samy Bengio …
Filing: Amazon had sales of €44B in Europe in 2020, but reported a €1.2B loss and therefore paid no corporate tax
Despite lockdown surge the firm's Luxembourg unit made a €1.2bn loss and therefore paid zero corporation tax — Fresh questions have been raised …
Sources: TSMC is planning to build up to five more chipmaking facilities in Arizona, beyond the one currently planned
TAIPEI (Reuters) - Taiwan Semiconductor Manufacturing Co Ltd (TSMC) is planning to build several more chipmaking factories in the U.S. state of Arizona beyond the one currently planned …
The Oversight Board says it will announce its decision on Facebook's banning of Trump at 9AM ET on Wednesday, after receiving 9,000+ public responses
this would be a HUGE MISTAKE. Hugh Hewitt / @hughhewitt : The decision by @Facebook independent board on former President Trump is far less important than the debate underway on how to structure gover...
Justin Zhu, former Iterable CEO ousted for taking LSD before a meeting, on his disputes with key investors and the challenges of being Chinese in Silicon Valley
Justin Zhu, chief executive officer of digital marketing startup Iterable Inc., was walking down Broadway in San Francisco … Tweets: @ellenhuet , @chris_skinner , @jfberke , @markmilian , @kateclarktw...
Acronis, which provides data backup and protection services, raises $250M at a $2.5B+ valuation led by CVC
As cybersecurity continues to grow in profile amid an increasingly complex and dangerous landscape of malicious activity, a cyber security vendor that specializes in “all-in-one” …
Source: AOL has ~1.5M users paying $10 to $15/month for tech support and ID monitoring service AOL Advantage; dial-up users now number in the “low thousands”
for identity theft and tech support services. https://www.cnbc.com/...
Sony says Discord will be integrated into PlayStation Network starting early 2022; Sony will invest an undisclosed amount in Discord as part of the partnership
Twitter opens Spaces, its live audio feature, to anyone with 600+ followers and details plans for Ticketed Spaces, reminders, co-hosting, accessibility, more
scheduling is coming to @TwitterSpaces! The only thing Twitter needs to launch is communities with scheduled spaces to match @JoinClubhouse's offering. #NewTwitter https://twitter.com/... Spaces / @tw...
Dogecoin co-creator says he sold all his coins in 2015 to buy a used Honda Civic; Dogecoin is now near its all time high and has a bigger market cap than Honda
Dogecoin (DOGE), which hit an all-time high near the 45-cent level on Monday night, has now surpassed automaker Honda Motor Co. Ltd. … Tweets: @rstephens , @gregotto , @patrickmcgee_ , and @carnage4li...
HoneyBook, which offers financial and business management tools to SMBs and freelancers, raises $155M Series D at $1B+ valuation, has doubled users in 12 months
HoneyBook, which has built out a client experience and financial management platform for service-based small businesses and freelancers …
Cybersecurity compliance startup Vanta raises $50M Series A, says it has surpassed $10M in ARR and is doubling its customer base about every 6 months
Join Transform 2021 this July 12-16. Register fo r the AI event of the year. — Vanta, a San Francisco, California-based automated security …
Sources: Tiger Global is seeking to raise a new $10B fund, weeks after announcing a $6.7B fund; PitchBook says Tiger made 100 investments so far in 2021
NY-based firm has been on a relentless dealmaking spree — Tiger Global Management, which has started the year with a blizzard …
SensorTower data shows Clubhouse was downloaded only about 900,000 times in April, down from 2.7M installs in March and from February's peak of 9.6M
Katie Canales / Insider :
Instagram announces a “captions sticker” to help make videos accessible without sound, coming first to Stories and then Reels
Sarah Perez / TechCrunch :
PitchBook: the number of “inside rounds”, where only previous investors participate, rose to over 1,000 in 2020 with $30B invested, up 15% from 2019
Venture capitalists may be getting too comfortable with marking up their own portfolios. — The number of inside rounds …
Estonia-based ride hailing service Bolt says it is launching a car sharing service in Europe, Bolt Drive, investing $24M in the expansion
Sam Shead / CNBC :
After Apple's iOS 14 privacy updates, Facebook and Instagram show prompts in their iOS apps telling users that data tracking keeps its services “free of charge”
Kim Lyons / The Verge :
JupiterOne, which centralizes data from cloud services into a single hub to ease cybersecurity asset management, raises $30M Series B led by Sapphire Ventures
Kyle Wiggers / VentureBeat :
Sleep and health tracking ring startup Oura raises $100M Series C, valuing the company at $800M, and says its ~$30M in 2019 sales doubled in 2020
Alex Konrad / Forbes : Tweets: @alexrkonrad Tweets: Alex Konrad / @alexrkonrad : Oura, the sleep-tracking ring that was once a Kickstarter project, has raised $100M at an $800M valuation to move furt...
Headway, which helps connect therapists with people and acceptable insurance coverage in the US, raises $70M Series B led by a16z at a $750M valuation
While we've long known that access to mental healthcare pales … Tweets: Ingrid / @ingridlunden : Great effort to build something useful and timely out of a kind of annoying state of healthcare affairs...
WorkBoard, which develops software to help companies manage their corporate planning, raises $75M Series D led by SoftBank at a post-money valuation of $800M
Alex Wilhelm / TechCrunch :
Study shows hiring for tech positions surpassed all other occupations, even healthcare jobs, in New York City between April and November 2020
Blockchain-based trading platform INX says it estimates it raised $125M from over 7,200K investors in its SEC-approved token and equity offerings
Gertrude Chavez-Dreyfuss / Reuters :
SCI Ecommerce, which helps brands like Unilever and Nestle set up and manage their online stores in Southeast Asia and China, raises $38M+ led by Asia Partners
Yoolim Lee / Bloomberg :
Amazon says its ad-supported streaming video content now reaches more than 120M users every month, up from 20M in January 2020, driven by Twitch
Megan Graham / CNBC :
Berlin-based Razor Group, which buys and scales Amazon marketplace sellers, raises $25M equity and $375M debt, bringing its total raised in equity to ~$40M
Ingrid Lunden / TechCrunch : Tweets: @ingridlunden Tweets: Ingrid / @ingridlunden : This startup... is only 8 months old. Ambitious founders w/ a sense of perspective (believe it or not) and an inter...
Software storage company Vast Data raises $82M led by Tiger Global at a $3.7B valuation, more than triple its $1.2B valuation last year
Katie Roof / Bloomberg : Thanks: @jferrary
PortalOne raises $15M seed from Atari, Founders Fund, Twitch co-founder Kevin Lin, and others for its hybrid gaming/TV show app, coming out of closed beta soon
Ingrid Lunden / TechCrunch : Tweets: @sundhillon See also Mediagazer Tweets: Sunny Dhillon / @sundhillon : Excited to announce our investment in Portal One w/@ariellezuck @eugenewei @kevinlin & @scoo...
Shopify's new AI commerce stack
Their VP of Product digs into just-launched products to help entrepreneurs and developers build with the latest AI and tech.
Email fatigue is real: Here's how smart email tools help you regain control
Picture this: It's Monday morning. You walk into the office feeling energized and ready to take on the week.
Protecting your Cloud Applications Data
Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.