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Wednesday, 31 March 2021
Microsoft has officially discontinued its Cortana mobile app for both iOS and Android (Tim Hardwick/MacRumors)
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During an address, President Biden said Amazon uses "various loopholes" to avoid paying any federal income taxes, but says he doesn't want to "punish" them (Nandita Bose/Reuters)
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Amazon v the union: The vote the online giant fears The result of a vote in an Alabama warehouse could have ramifications for Amazon workers around the US. April 01, 2021 at 06:14AM
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Sources: draft Biden executive order would require companies doing business with the federal government to report hacks of their networks within a few days (Bloomberg)
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Huawei reports 2020 revenue of $136.7B, up 3.8% YoY but slower than the 19%+ growth it saw in 2019, and net profit of $9.9B, up 3.2% YoY (Arjun Kharpal/CNBC)
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S. Korea's antitrust regulator to fine Apple Korea $265,000 and refer the company to prosecution for allegedly impeding a probe into unfair business practices (Yonhap News Agency)
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Facebook tweaks its news feed with new controls Permission to comment and an easier way to see a chronological feed are both in the works. March 31, 2021 at 05:05PM
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Facebook announces News Feed changes, including a Most Recent mode that will show posts in chronological order, available on Android now and iOS in coming weeks (Sami Fathi/MacRumors)
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Sources: India is considering giving cash incentives of more than $1B to each company that will set up chip fabrication units in the country (Reuters)
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A look at Roku's experiment with original programming: acquiring shows at a fire-sale price instead of committing billions of dollars to original shows (Lucas Shaw/Bloomberg)
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Interviews with 15 people show CISA is underfunded, short on talent, outmatched by adversaries, and overwhelmed by the fallout from two massive cyberattacks (Eric Geller/Politico)
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BrightInsight, which helps drug/device makers build apps for patients and doctors, raises $101M Series C led by General Catalyst, source says at $750M valuation (John Tozzi/Bloomberg)
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Deliveroo shares drop 30% on stock market debut Deliveroo shares open well below expected price after big investors' attitude to company soured. March 31, 2021 at 02:38PM
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Deliveroo drops by as much as 30% on its LSE debut, after pricing shares at £3.90, valuing it at around £5.6B; poor debut likely due to labor practice issues (Ingrid Lunden/TechCrunch)
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VW rebrand turns out to be April Fool's joke The carmaker will not change its name to "Voltswagen" in the US despite earlier saying it would. March 31, 2021 at 02:10AM
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Mafia fugitive caught after posting cooking show on YouTube The Italian gangster had tried to hide his face but was identified by his distinctive tattoos. March 29, 2021 at 10:44PM
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Scalping: The teens making thousands selling consoles online If you've been struggling to buy a new PlayStation or Xbox, this might be the reason why. March 31, 2021 at 06:12AM
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Deliveroo IPO raises $2.1B, after pricing shares at 390 pence per share, amid rider and investor revolt (Swetha Gopinath/Bloomberg)
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Tuesday, 30 March 2021
Coursera prices its shares at the top of the IPO range, at $33, raising $519M and giving it a market value of ~$4.3B (Bloomberg)
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Google Maps to start showing eco-friendly routes The driving app will highlight journeys with lowest emissions based on factors such as traffic. March 31, 2021 at 09:03AM
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Rightway, maker of an app that helps employees at its client companies navigate digital care and pharmacy benefits, raises $100M Series C at a $1.1B valuation (Katie Jennings/Forbes)
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Chinese grocery app Nice Tuan, which focuses on community group buying and claims to have 15M orders per day, raises $750M led by Alibaba and DST Global (Lulu Yilun Chen/Bloomberg)
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Sources: suspected Russian hackers stole thousands of State Department officials' emails last year; the classified network doesn't appear to have been accessed (Politico)
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WhatsApp gets approval from Brazil's Central Bank to offer P2P payments via Mastercard and Visa, but is still seeking approval to operate with merchants (Carolina Mandl/Reuters)
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Xiaomi announces Mi Mix Fold, its first folding phone, with an 8.01-inch 4:3 OLED display, Snapdragon 888, 5,020mAh battery, and four Harman Kardon speakers (Sam Byford/The Verge)
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ClimaCell, which offers weather intelligence services, rebrands as Tomorrow.io and raises $77M Series D, bringing its total funding to ~$185M (Frederic Lardinois/TechCrunch)
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MessageBird, a Twilio rival, says it has spent $100M+ buying three startups: video calling firm 24sessions, data management firm Hull, and API startup Pusher (Nate Lanxon/Bloomberg)
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Ripple says it is acquiring a 40% stake in Asian cross-border payments company Tranglo (Yogita Khatri/The Block)
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Filing: Xiaomi will invest ~$10B over the next decade to manufacture electric cars, with an initial investment of $1.5B in smart vehicle manufacturing (Bloomberg)
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Apple announces a virtual WWDC 2021 from June 7 to June 11, where iOS 15, macOS 12, watchOS 8, and more are expected (Chance Miller/9to5Mac)
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HYCU, which provides multi-cloud backup and recovery services for mid-market and enterprise customers, raises $87.5M Series A led by Bain Capital Ventures (Ingrid Lunden/TechCrunch)
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Cameo, which now has 40,000 personalities, raises $100M from Vision Fund 2 and others at a $1B+ valuation, up from $300M in 2019 (Sarah E. Needleman/Wall Street Journal)
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LinkedIn adds Creator mode for influencers, launches video Cover Stories, and extends free career training tools in partnership with Microsoft (Ingrid Lunden/TechCrunch)
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Hiber, which is building a IoT satellite network to keep track IoT devices globally, raises €26M from the EU and private investors (Dan Taylor/Tech.eu)
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Zoomin, which uses AI to help companies turn disparate product content into useful customer support data, raises $52M Series C led by General Atlantic (Ingrid Lunden/TechCrunch)
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Epic Games says it has filed a complaint in support of UK antitrust watchdog's ongoing investigation into Apple's alleged anti-competitive behavior (Tim Hardwick/MacRumors)
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European startup Everli, which lets customers order from local supermarkets for delivery, raises $100M Series C led by Verlinvest (Steve O'Hear/TechCrunch)
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Foxconn reports Q4 profit of $1.61B, down 4% YoY, revenue of $70B, up 15% YoY, mainly from consumer electronics, including smartphones (Debby Wu/Bloomberg)
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Vienna-based GoStudent, which connects students to tutors virtually, raises €70M Series B led by Coatue, bringing its total amount raised to €83.3M (Mike Butcher/TechCrunch)
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Google announces upgrades to Maps, including indoor AR directions, a new directions interface including eco-friendly driving routes, and new weather map layers (Jay Peters/The Verge)
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PayPal says it has started letting US customers use cryptocurrency holdings to pay millions of its online merchants globally (Anna Irrera/Reuters)
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Germany-based Staffbase, which provides a suite of employee engagement tools for companies, raises $145M led by General Atlantic (Dan Taylor/Tech.eu)
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Sources: shares of ByteDance are trading at a $250B+ valuation in the secondary market; CB Insights said ByteDance's valuation was $140B in last fundraising (Bloomberg)
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'We have your porn collection': The rise of Extortionware Hacked firm's IT Manager named and shamed by hackers in extortion technique. March 30, 2021 at 12:38PM
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Wales election: Fears over 'anonymous' social media adverts Campaigners say the Welsh government has "missed an opportunity" to update election laws. March 30, 2021 at 10:37AM
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