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Showing posts from 2022

As Uber keeps opposing Spain's law to treat drivers as employees and lobbies against similar statutes, its CEO claims such rules don't break its business model (Lee Fang/The Intercept)

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Lee Fang / The Intercept : As Uber keeps opposing Spain's law to treat drivers as employees and lobbies against similar statutes, its CEO claims such rules don't break its business model   —  Uber CEO Dara Khosrowshahi reassured investors concerned about new European Union regulations in December … from Techmeme https://ift.tt/3F6su2N

Take-Two will acquire Zynga for $12.7B, or $9.86 per share, a 64% premium on Zynga's January 7 closing price; Take-Two develops GTA, Read Dead, and other titles (Business Wire)

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Business Wire : Take-Two will acquire Zynga for $12.7B, or $9.86 per share, a 64% premium on Zynga's January 7 closing price; Take-Two develops GTA, Read Dead, and other titles   —  Take-Two to acquire all the outstanding shares of Zynga for a total value of $9.861 per share - $3.50 in cash and $6.361 in shares … from Techmeme https://ift.tt/3ta4hWL

Munich-based Arive, which partners with premium stores and brands to deliver consumer goods in 30 minutes, raises a $20M Series A led by Balderton Capital (Ingrid Lunden/TechCrunch)

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Ingrid Lunden / TechCrunch : Munich-based Arive, which partners with premium stores and brands to deliver consumer goods in 30 minutes, raises a $20M Series A led by Balderton Capital   —  Instant purchase and delivery of food and other essentials was one of the big bubbles of opportunity in the world of e-commerce in the last year … from Techmeme https://ift.tt/3HPPDrX

Despite China's sweeping crackdown on the tech industry over the summer, VC investments in China reached an estimated $130.6B in 2021, up from $86.7B in 2020 (Coco Liu/Bloomberg)

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Coco Liu / Bloomberg : Despite China's sweeping crackdown on the tech industry over the summer, VC investments in China reached an estimated $130.6B in 2021, up from $86.7B in 2020   —  When China's government launched a sweeping crackdown on the technology industry over the summer, panicky venture capital investors … from Techmeme https://ift.tt/3r2NT7T

French startup Ankorstore, an online wholesale marketplace for independent retailers across Europe, raises a €250M Series C at a €1.75B post-money valuation (Romain Dillet/TechCrunch)

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Romain Dillet / TechCrunch : French startup Ankorstore, an online wholesale marketplace for independent retailers across Europe, raises a €250M Series C at a €1.75B post-money valuation   —  French startup Ankorstore has raised a $283 million Series C funding round (€250 million). from Techmeme https://ift.tt/3GoBGkc

Sources: Pine Labs, which provides payments services in Asia, filed confidentially for a US IPO, seeking to raise about $500M at a $5.5B to $7B valuation (Bloomberg)

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Bloomberg : Sources: Pine Labs, which provides payments services in Asia, filed confidentially for a US IPO, seeking to raise about $500M at a $5.5B to $7B valuation   —  Pine Labs Pvt, an Asian digital payments provider backed by Sequoia India and Mastercard Inc., is moving ahead with preparations … from Techmeme https://ift.tt/3JZ7DBS

Gurman: Apple's upcoming mixed reality headset will not be an all-day device and will be used for bursts of gaming, communication, and content consumption (Chance Miller/9to5Mac)

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Chance Miller / 9to5Mac : Gurman: Apple's upcoming mixed reality headset will not be an all-day device and will be used for bursts of gaming, communication, and content consumption   —  Apple is widely expected to take the wraps off of its first mixed reality headset this year, with a focus on augmented reality and virtual reality experiences. from Techmeme https://ift.tt/3qaiiSx

A look at the turmoil inside Pudgy Penguins, one of the most successful NFT projects, as community members clash with founders over the future of the project (Tracy Wang/CoinDesk)

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Tracy Wang / CoinDesk : A look at the turmoil inside Pudgy Penguins, one of the most successful NFT projects, as community members clash with founders over the future of the project   —  There's trouble brewing in the huddle.  —  The beloved NFT project Pudgy Penguins voted out its founders on Thursday … from Techmeme https://ift.tt/3HLiDB6

Profile of Katie Harbath, a former Facebook public policy director, who says social media will incubate future political violence unless governments intervene (Jeff Horwitz/Wall Street Journal)

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Jeff Horwitz / Wall Street Journal : Profile of Katie Harbath, a former Facebook public policy director, who says social media will incubate future political violence unless governments intervene   —  Katie Harbath says she left Facebook disillusioned; now she pushes for more online guardrails  —  Katie Harbath joined Facebook … from Techmeme https://ift.tt/3r0aYIq

Profile of Anne Neuberger, the NSC deputy advisor at the center of increasing tension over control between US agencies handling cybersecurity (William Turton/Bloomberg)

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William Turton / Bloomberg : Profile of Anne Neuberger, the NSC deputy advisor at the center of increasing tension over control between US agencies handling cybersecurity   —  Anne Neuberger, the Biden administration's Deputy National Security Advisor for Cyber and Emerging Technology, organized a virtual summit on ransomware for Oct. 13, 2021. from Techmeme https://ift.tt/3F41e4Z

A look at the opportunities and challenges of ultra-wideband, as UWB beacons see widespread adoption in smartphones, smartwatches, and other devices (Christopher Mims/Wall Street Journal)

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Christopher Mims / Wall Street Journal : A look at the opportunities and challenges of ultra-wideband, as UWB beacons see widespread adoption in smartphones, smartwatches, and other devices   —  The ultra-wideband, or UWB, technology that powers Apple's AirTags could reshape how we interact with devices—if companies can overcome privacy concerns and other hurdles from Techmeme https://ift.tt/33hSKcZ

Strava CEO Michael Horvath says the app's revenue increased 68% YoY in 2021, suggesting a revenue of approximately $170M and a paid subscriber base of 2M to 3M (Max Chafkin/Bloomberg)

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Max Chafkin / Bloomberg : Strava CEO Michael Horvath says the app's revenue increased 68% YoY in 2021, suggesting a revenue of approximately $170M and a paid subscriber base of 2M to 3M   —  The app's revenue spiked 68% in 2021.  But retaining the New Year's resolution crowd is a perennial problem, especially come quitter's day—aka Jan. 17. from Techmeme https://ift.tt/3r7EPyO

How Ryan's World, launched in 2015 with a then three-year-old Ryan Kaji, grew into a content behemoth with 10 YouTube channels and deals with Amazon and others (Jay Caspian Kang/New York Times)

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Jay Caspian Kang / New York Times : How Ryan's World, launched in 2015 with a then three-year-old Ryan Kaji, grew into a content behemoth with 10 YouTube channels and deals with Amazon and others   —  Ten-year-old Ryan Kaji and his family have turned videos of him playing with toys into a multimillion-dollar empire. from Techmeme https://ift.tt/3HJKd1y

How the peer pressure to be a part of the blue bubble iMessage text groups keeps US teens locked into Apple's ecosystem (Tim Higgins/Wall Street Journal)

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Tim Higgins / Wall Street Journal : How the peer pressure to be a part of the blue bubble iMessage text groups keeps US teens locked into Apple's ecosystem   —  The iPhone maker cultivated iMessage as a must-have texting tool for teens.  Android users trigger a just-a-little-less-cool green bubble: 'Ew, that's gross.' from Techmeme https://ift.tt/33cpGnl

Ethereum co-founder responds: "the properly authenticated decentralized blockchain world is coming", but is slowed by "limited technical resources and funding" (Vitalik Buterin/r/ethereum on Reddit)

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Vitalik Buterin / r/ethereum on Reddit : Ethereum co-founder responds: “the properly authenticated decentralized blockchain world is coming”, but is slowed by “limited technical resources and funding”   —  The word “server” imo is not very useful in the blockchain context; it combines together a bundle of concepts that are best treated separately. from Techmeme https://ift.tt/3zB97xD

Pixel art video games have experienced a renaissance over the past decade, led by indie developers, countering an industry obsessed with horsepower and realism (Aidan Moher/Wired)

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Aidan Moher / Wired : Pixel art video games have experienced a renaissance over the past decade, led by indie developers, countering an industry obsessed with horsepower and realism   —  How retro blocks overtook 3D gaming to win the hearts of modern players.  —  Playing Chucklefish's Eastward is like coming home to a place I've never been before. from Techmeme https://ift.tt/3GdS9I3

Ottawa-based Assent Compliance, a SaaS provider that helps companies with product compliance, trade compliance, and ESG, raises $350M at a $1B+ valuation (Mary Ann Azevedo/TechCrunch)

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Mary Ann Azevedo / TechCrunch : Ottawa-based Assent Compliance, a SaaS provider that helps companies with product compliance, trade compliance, and ESG, raises $350M at a $1B+ valuation   —  Never before has the importance of a smooth-flowing supply chain been as clear as it has been in the COVID-19 pandemic era. from Techmeme https://ift.tt/3G8pww1

John Pinette, Meta's VP of Global Communications, leaves the company; he had overseen the company's public relations teams since 2019 (Meghan Bobrowsky/Wall Street Journal)

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Meghan Bobrowsky / Wall Street Journal : John Pinette, Meta's VP of Global Communications, leaves the company; he had overseen the company's public relations teams since 2019   —  John Pinette ran the company's public relations teams since 2019  —  Meta Platforms Inc.'s head of communications said he is leaving the company … from Techmeme https://ift.tt/3f0ygs7

How Tim Cook's supply chain expertise and diplomacy helped him grow Apple's annual revenues from $108B in 2011 to $365B in 2021, with profits up 3.7x to $95B (Patrick McGee/Financial Times)

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Patrick McGee / Financial Times : How Tim Cook's supply chain expertise and diplomacy helped him grow Apple's annual revenues from $108B in 2011 to $365B in 2021, with profits up 3.7x to $95B   —  Two years after the death of Steve Jobs, Oracle CEO Larry Ellison claimed it was inevitable Apple would struggle under Tim Cook. from Techmeme https://ift.tt/3q2Z2Gz

Sources: Reddit could go public as soon as March at a valuation of as much as $15B; the company was last valued at $10B in August 2021 (Bloomberg)

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Bloomberg : Sources: Reddit could go public as soon as March at a valuation of as much as $15B; the company was last valued at $10B in August 2021   —  - Social media company could go public as soon as March  — Reddit could be valued at as much as $15 billion in listing from Techmeme https://ift.tt/3GiNGUk

Samsung expects Q4 operating profit of $11.4B, up 52% YoY, on revenue of $63B, up ~24% YoY, thanks to improved returns from its contract chip-making business (Jiyoung Sohn/Wall Street Journal)

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Jiyoung Sohn / Wall Street Journal : Samsung expects Q4 operating profit of $11.4B, up 52% YoY, on revenue of $63B, up ~24% YoY, thanks to improved returns from its contract chip-making business   —  South Korean company benefits from continued strength of the semiconductor business  —  SEOUL— Samsung Electronics Co. is forecasting … from Techmeme https://ift.tt/3G5AYIG

A look at the potential of soccer in the metaverse, as Manchester City and Sony partner to build a virtual version of Manchester City's Etihad stadium (Leo Lewis/Financial Times)

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Leo Lewis / Financial Times : A look at the potential of soccer in the metaverse, as Manchester City and Sony partner to build a virtual version of Manchester City's Etihad stadium   —  When European football was having conniptions last year over plans for a breakaway Super League, a key theme in the row was the concept of the “real fan”. from Techmeme https://ift.tt/3JR1SX6

Online appointment scheduling service FlexBooker discloses a breach that saw info stolen from 3.7M accounts, including partial credit card info, on December 23 (Ionut Ilascu/BleepingComputer)

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Ionut Ilascu / BleepingComputer : Online appointment scheduling service FlexBooker discloses a breach that saw info stolen from 3.7M accounts, including partial credit card info, on December 23   —  Accounts of more than three million users of the U.S.-based FlexBooker appointment scheduling service have been stolen in an attack … from Techmeme https://ift.tt/3n0HqcA

Little Otter, a digital mental health company offering tools and treatment for both children and their families, raises $22M Series A led by CRV (Aisha Malik/TechCrunch)

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Aisha Malik / TechCrunch : Little Otter, a digital mental health company offering tools and treatment for both children and their families, raises $22M Series A led by CRV   —  Little Otter, a digital mental health company that aims to provide tools and treatment for both children and their families, has raised $22 million in Series A funding. from Techmeme https://ift.tt/3qUrV74

Sources: GameStop has hired more than 20 people to run a new division developing an NFT marketplace and establishing cryptocurrency partnerships (Sarah E. Needleman/Wall Street Journal)

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Sarah E. Needleman / Wall Street Journal : Sources: GameStop has hired more than 20 people to run a new division developing an NFT marketplace and establishing cryptocurrency partnerships   —  The retailer is launching a division dedicated to the buzzy new technologies amid a push to turn a profit  —  GameStop Corp. is launching … from Techmeme https://ift.tt/3zwrIuK