Sources: Nintendo plans to announce an upgraded Switch ahead of the June E3 conference and release it in September or October, for more than the original's $299
- Announcement of new Switch could be made ahead of June's E3 — Suppliers say Nintendo likely to price new model above $299
With its MGM acquisition, Amazon doesn't want to compete with streamers like Netflix but reduce Prime subscriber churn by providing enough blockbuster content
Amazon isn't competing with Netflix, but it is spending billions trying to figure out Hollywood. Maybe 007 can help.
Facebook and Instagram now give users options to hide Like counts across all posts and to hide their own public Like counts from others
for your own posts and others Clare Duffy / CNN : Facebook and Instagram willl now let all users hide likes on posts Garett Sloane / Ad Age : Instagram ‘Drops’ a new place to shop as social commerce t...
Twitter says users can now join Spaces via desktop and mobile web browsers, but can't host rooms on the web just yet
You can't host rooms yourself on the web just yet, though — You'll be able to join Twitter's Clubhouse-like Spaces from desktop and mobile web browsers starting Wednesday …
Facebook says it will no longer take down posts that claim COVID-19 was man-made, following renewed debate about the origins of the virus
Facebook will no longer take down posts claiming that Covid-19 was man-made or manufactured, a company spokesperson told POLITICO on Wednesday …
Facebook says it will limit the distribution of all posts from personal accounts that routinely spread misinformation
Facebook Inc. will begin doling out harsher punishments for individual accounts that repeatedly share false or misleading posts, an expansion of the social network's efforts to crack down on misinform...
Researcher details a WebKit flaw, which can lead to a RCE exploit, that remains unpatched by Apple despite the availability of an open source fix for 3 weeks
WebKit bug that was fixed upstream has yet to find its way into Apple products. — Apple has yet to patch a security bug found … Source: Theori .
Facebook says Russia is still the largest producer of disinformation, in a report that details 150 operations that the company has disrupted since 2017
and many other social networks — arguably fits that definition. More here: https://www.cjr.org/... Nate Persily / @persily : So difficult to summarize succinctly but so incredibly important that this ...
Twitter criticizes the Indian government's “intimidation tactics” and says it will push for changes to regulations that give it more authority over online media
The social media platform criticized what it called “intimidation tactics,” saying it would push back on new rules …
Nvidia beats with record Q1 revenue of $5.66B, up 84% YoY, with Gaming revenue of $2.76B, up 106% YoY, and Data Center revenue of $2.05B, up 79% YoY
Nvidia reported revenues of $5.66 billion for its first fiscal quarter ended May 2, up 84% from a year earlier. Gaming revenue grew 106% to $2.76 billion.
Instagram's test to hide Like counts highlights a lesson that social networks are reluctant to learn: one-size-fits-all policies are making users miserable
PLUS: WhatsApp sues India — In April 2019, amid growing questions about the effects of social networks on mental health …
PayPal to add third-party wallet transfer support, allowing users to send bitcoin to PayPal and Venmo users as well as to Coinbase and outside crypto wallets
PayPal created a stir in the crypto markets last year when it announced its millions of users could buy and sell Bitcoin.
Clubhouse hires Justin Uberti, a Google engineer who created the WebRTC standard, Google Duo, and led engineering for Stadia, as head of streaming technology
Justin Uberti is joining Clubhouse — Clubhouse has hired Justin Uberti, creator of the WebRTC standard and the Google Duo video chat app.
Global smartwatch shipments rose 35% YoY in Q1 2021; market leader Apple grew 50% YoY to increase its market share by 3% points while Samsung grew 27% YoY
- Apple registers a healthy 50% annual growth, capturing a third of the smartwatch market in terms of volumes.
Snowflake says it no longer has an HQ, and designates Bozeman, Montana, where its CEO and CFO live, as its executive office, because it's required by the SEC
- Snowflake said in its earnings release on Wednesday that it no longer has a corporate headquarters, as its workforce is “globally distributed.”
Snowflake beats with Q1 revenue of $228.9M, up 110% YoY, as net loss swelled to $203.2M from $93.6M last year; year to date
Jordan Novet / CNBC :
Savings and investing app Acorns is merging with a SPAC to go public in a deal that values Acorns at roughly $2.2B, more than double its last private valuation
- Acorns will merge with with Pioneer Merger Corp., a publicly traded special purpose acquisition company.
Lime rolls out Lime Prime, a $5.99/month subscription that waives the unlock fee or, in markets with no unlock fees, gives riders a 25% off discount on rides
Poet, didn't know it — Lime is rolling out a new monthly subscription service for its electric scooters that's called — no joke — Lime Prime.
Amazon says it will acquire MGM Studios for $8.45B, its second-largest acquisition since it paid $13.7B for Whole Foods in 2017
they are laser-focused on expanding and entrenching their monopoly power. That's bad for workers, consumers, and small businesses. Josh Hawley / @hawleymo : This sale should not go through. @amazon is...
HBO Max shares details of its June 29 launch in Latin America and the Caribbean, at a starting price of $3/month, including UEFA Champions League soccer games
Presenting its plans for Latin America on Wednesday at an online pre-launch presentation, HBO Max may have just given an inkling …
Ada Health, which offers an AI-driven symptom assessment app for patients, raises $90M Series B led by Leaps by Bayer
The digital health space continues cooking on gas: Berlin-based Ada Health has closed a $90M Series B round of funding led by Leaps by Bayer, the impact investment arm …
Apple removes an app, discovered by a developer, that required at least a three-star review before people could use it
Hartley Charlton / MacRumors :
Coinbase CEO Brian Armstrong announces Fact Check, a section of the Coinbase blog to combat misinformation and mischaracterizations about Coinbase or crypto
Brian Armstrong / The Coinbase Blog :
Iran says it is banning cryptocurrency mining until September 22 after a series of power blackouts across major cities
as well as increased manufacturing and a drop in hydroelectricity supply — for blackouts that are playing havoc with businesses and daily life.’ https://www.bloomberg.com/...
Mozilla resumes Instagram ads to educate users on targeted advertising, three years after pausing ads on Facebook and Instagram over data privacy issues
More than three years after pausing its advertising on Facebook and Instagram over data privacy issues, Mozilla is starting to spend again on Instagram …
Boston-based Perch, which acquires fast-growing Amazon businesses, raises $775M Series A led by SoftBank Vision Fund 2, bringing its total funding to $900M+
Margherita Beale / Forbes :
Cloud-based bill payment tech provider Paymentus opened up 37% after raising $210M in its NYSE IPO at ~$3.4B valuation; Paymentus had $301.8M revenue in 2020
Emily Bary / MarketWatch :
Amazon says Andy Jassy will become CEO on July 5, which marks 27 years to the day that Amazon was incorporated
Jay Peters / The Verge :
Lenovo reports revenue of $60B for FY20, up 20% YoY, net income of $665M, up 77% YoY, and says Q4 was its “fastest growing quarter in almost a decade”
Lenovo has celebrated what it has dubbed as achieving ‘historic highs’ for FY21. — Lenovo Group has seen revenue surge past …
An overview of Russia's increasingly aggressive attempts to control Google, Facebook, and Twitter, ordering them to store data in Russia and imposing fines
OpenAI's Sam Altman announces a $100M startup fund with Microsoft backing aimed at early-stage AI companies, with plans to invest in “probably not more than 10”
Devin Coldewey / TechCrunch :
Source: Swedish payments startup Klarna is close to raising a new round at a $40B+ valuation, after raising $1B at a $31B valuation in March
Talos, which lets financial institutions provide digital asset trading services, raises $40M Series A led by a16z, with PayPal Ventures and others participating
Jamie Crawley / CoinDesk :
Analysis of 40M pieces of QAnon content from 1/20 to 4/21: Facebook, Twitter, and others have successfully expelled most of the content after it peaked in 6/20
Instagram launches a new shopping section called Drops, helping users find limited supply products, and will temporarily waive fees due to COVID-19
Yalo, previously Yalochat, which helps brands sell their products via messaging services like WhatsApp, raises $50M Series C led by B Capital
Ingrid Lunden / TechCrunch :
Snappy, an e-commerce site that lets companies offer a selection of corporate gifts to their employees and clients, raises $70M Series C led by GGV Capital
PYMNTS.com :
England's NHS says it will pool medical histories of 55M people, including mental and sexual health info, to share with third parties; opt-out date is June 23
France-based Agicap, creator of a SaaS tool that helps companies manage and forecast their cash flows, raises $100M led by Greenoaks, at a valuation of $500M+
Romain Dillet / TechCrunch :
Flywire, a Boston-based fintech focused on cross-border payments, closed up 46%+ in its Nasdaq debut after raising $250M in its IPO at a valuation of over $3B
Scott Kirsner Globe / The Boston Globe :
Lawmakers focus on protecting individuals from Big Tech when they should develop laws focusing specifically on collective data rights to prevent harm to society
ZipRecruiter closes at $21.10 per share after opening at $20, giving it a valuation of ~$2.8B, up from its 2018 valuation of ~$1.5B
Bloomberg :
Zscaler stock rose ~12% on Wednesday after reporting Q3 earnings beat and announcing it will acquire India-based cybersecurity company Smokescreen Technologies
Tiernan Ray / ZDNet :
Tesla says it will store all data generated from cars in China in a new data center there, after facing scrutiny in the country for handling vehicle data
SpotOn, a payments startup focused on SMBs, raises $125M Series D led by a16z, tripling its valuation from last September to $1.875B
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.