Robinhood closes down 8% on its first day of trading, after raising $2.1B in its IPO at a valuation of around $32B
will users ‘age out’ of the app? Finextra : Robinhood prices IPO at $32bn valuation Timothy Craig / Crypto Briefing : Robinhood IPOs Amid Uniswap Partnership Rumors Crunchbase News...
Robinhood raises $2.1B in its IPO after selling 55M shares at the low end of its $38 to $42 range, giving it a valuation of $31.8B
Robinhood Markets Inc, the owner of the trading app which emerged as the go-to destination for retail investors speculating on this year's “meme' stock trading frenzy …
New Facebook test prompt asks users if someone they know might be “becoming an extremist”; another notifies users who may have been exposed to extremist content
New Facebook test prompt asks users if someone they know might be “becoming an extremist”; another notifies users who may have been exposed to extremist content
New York (CNN Business)Some Facebook (FB) users in the United States are being served a prompt that asks …
Facebook reports Q1 revenue of $26.2B, up from $17.7B YoY, MAUs of 2.85B, up 10% YoY, headcount of 60,654, up 26% YoY, avg. ad price up 30% YoY; stock rises ~5%
Investor Relations :
Mark Zuckerberg says 1M businesses use “click to WhatsApp” ads on Facebook and Instagram that allow users to contact businesses directly via WhatsApp
Clare Duffy / CNN :
Joe Biden's transition team of advisers includes employees from Amazon, Airbnb, Uber, and other tech companies, as well as several outspoken tech critics
Lauren Feiner / CNBC :
Joe Biden's transition team of advisors includes employees from Amazon, Airbnb, Uber, and other tech companies, as well as several outspoken tech critics
- Biden's transition agency review teams already includes several current and former tech employees from companies …
Google calls DOJ's case deeply flawed: “People use Google because they choose to, not because they're forced to, or because they can't find alternatives”
but it's the government's power to police big tech that's on trial Financial Times : Google/antitrust: unparanoid Android Mark Sullivan / Fast Company : Why Google is poised to win...
DOJ and 11 state AGs, all Republican, file a suit alleging that Google acted anticompetitively to preserve monopolies in search and search advertising
not because they're forced to or because they can't find alternatives. We will have a full statement this morning. Adam Kovacevich / @adamkovac : A few peanut-gallery thoughts on D...
Once a cautionary tale of arrogant tech, Microsoft now operates one of the most effective influence operations in DC, with TikTok its latest campaign
The tech giant, once an example of how not to operate in the nation's capital, now has a successful influence operation there.
Walmart's interest in TikTok can be explained by estimates social commerce in China will hit $242B in 2020, aided by apps like TikTok's Chinese version Douyin
a mash-up of social media activity and frenzied online shopping — say Walmart's interest in TikTok makes perfect sense. https://www.cnn.com/... Rat King / @mikeisaac : at first I w...
Chinese gaming company NetEase raises $2.7B in its Hong Kong listing; shares rise as much as 9.7% in debut trading
Sherisse Pham / CNN :
Doctors are banding together on Twitter and TikTok to settle on frameworks of verifiable sources and information to share with the public
that cost savings and profits matter more than human lives in corporate medicine. Al Jazeera English / @ajenglish : “Bold, loud truths is how we save the most lives.” Healthcare wo...
How the increasing use of AI to vet job applications is forcing career counselors at universities to prepare students on how to impress the AI algorithms
San Francisco (CNN)College career centers used to prepare students for job interviews by helping them learn how to dress appropriately or write a standout cover letter. Tweets: @el...
Twitter acknowledges that its new guidance on political and cause-based ads is essentially a rough policy outline with lots of details still to be worked out
Twitter CEO Jack Dorsey at an Entrepreneurial Refugee Network event in the UK. Matt Crossick/PA Images via Getty Images
Twitter bans political ads globally, will allow some “cause-based” ads with limited targeting and promotion of issue-related fact-based reporting from news orgs
- Twitter laid out the framework for its new policy on political ads, which bans certain advertisers and has stricter rules for issue ads.
Facebook says requests from governments for user data in H1 2019 were up 16% over H2 2018 to 128,617, the highest on record, led by 50,741 demands from the US
Facebook's latest transparency report is out. — The social media giant said the number of government demands for user data increased …
Facebook says 80% of hate speech removed in the past quarter was identified by software, up from 68% in Q1; 4.4M drug-related posts were taken down, a big jump
Kurt Wagner / Bloomberg :
Tinder says it will roll out its “Swipe Night” choose-your-own adventure series globally in February, after messages rose 12% compared to a typical Sunday night
Kerry Flynn / CNN : Tweets: @72andsunny and @cnnbusiness See also Mediagazer Tweets: @72andsunny : “It's not about creating ads. It's how do we create an experience that brings sp...