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Wednesday, 30 June 2021
Didi: Chinese ride-hailing giant makes $68bn US debut It is the biggest US stock market listing by a Chinese company since Alibaba's debut in 2014. July 01, 2021 at 09:34AM
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Google updates its Passes API to let users store COVID vaccine cards on Android devices, starting in the US; Google will not keep a copy of the user's info (Kyle Bradshaw/9to5Google)
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Israel-based ironSource, provider of user acquisition tech for app devs, went public in the US on Tuesday via a SPAC merger that raised $2.15B at $11B valuation (Krystal Hu/Reuters)
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A federal judge has issued a preliminary injunction blocking Florida's Stop Social Media Censorship Act from going into effect, which was scheduled for Thursday (David Ingram/NBC News)
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Content recommendation company Taboola closed down 2% in its first day of trading after going public via merger with a SPAC (Megan Graham/CNBC)
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Integral Ad Science, which helps keep digital ads non-fraudulent and "brand safe", closes up 14% in its debut after its IPO, valuing the company at ~$3.3B (Megan Graham/CNBC)
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Shares of Xometry, a marketplace for on-demand manufacturing, closed up nearly 99% at $87.39 in trading debut, after raising $303.6M in its US IPO (Luisa Beltran/Barron's Online)
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Adam Mosseri says Instagram plans to test video more broadly, calls TikTok and YouTube competitors, and says Instagram is "no longer a photo-sharing app" (Salvador Rodriguez/CNBC)
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How a US teen developed an app to help his sister talk Sixteen-year-old Archer Calder developed an app to help his nonverbal sister Della communicate. July 01, 2021 at 04:33AM
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Shares of LegalZoom, which helps customers create legal documents online, close up ~35% at $37.85 in trading debut, giving LegalZoom a market cap of $7.35B (Pia Singh/CNBC)
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SentinelOne closed up 21% at $42.50 per share in its debut, valuing the company at $10B+; SentinelOne had the highest valued cybersecurity IPO in history (Riley de León/CNBC)
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Twitter and Facebook are fighting new Indian rules they say curtail privacy and free speech; the regulations include potential jail terms for executives (Bloomberg)
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Clearview AI data shows GAO's recent report on government use of facial recognition overlooked usage by five agencies, including IRS, TSA, and US Capitol Police (BuzzFeed News)
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Hands-on with Apple's watchOS 8 public beta: a welcome focus on helping users reduce stress induced by gadgets with a rebranded Mindfulness app, Focus, and more (Victoria Song/Gizmodo)
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Tim Berners-Lee sells an NFT for $5.4M that represents time-stamped files of the source code for the world wide web and other items, via a Sotheby's auction (BBC)
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Twitter India named in two more police cases This comes amid growing tensions between the website and the government over new IT rules. June 30, 2021 at 11:05AM
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Ably, a Pub/Sub messaging platform for devs to bring real time features in their products, raises $70M Series B co-led by Insight Partners and Dawn Capital (Romain Dillet/TechCrunch)
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Social media: Norfolk Police chief issues child abuse warning The UK's lead officer on child protection says the industry puts profit above children's safety. June 30, 2021 at 10:42AM
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Tuesday, 29 June 2021
Microsoft says Windows 11 will feature a new Dynamic Refresh Rate, designed to save laptop battery life and boost refresh rates when they're really needed (Tom Warren/The Verge)
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India's Bharti invests $500m in UK space start-up OneWeb The cash injection comes after the British government and Bharti Global bailed out the company last year. June 30, 2021 at 11:07AM
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Sources: amid escalating rivalry, neither Google nor Microsoft are keen to renew a recently expired truce to not use their lobbying firepower against each other (Bloomberg)
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Quizizz, which helps teachers create gamified quizzes and interactive lessons that generate instant student feedback, raises $31.5M Series B led by Tiger Global (Tarush Bhalla/Livemint)
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Senator Warren asks the FTC for a "broad and meticulous review" of Amazon's MGM acquisition, citing Amazon's anticompetitive history and growing monopoly power (Catie Keck/The Verge)
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Flying car completes test flight between airports The vehicle runs on regular fuel and can travel up to 1,000km while airborne, its creator says. June 30, 2021 at 05:27AM
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Twitter says users losing access to its "Latest" chronological feed option from its web application is a bug and a fix is in the works (Chance Miller/9to5Mac)
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Source: enterprise AI company DataRobot has raised ~$250M in new funding led by Altimeter Capital Management and Tiger Global at a ~$6B pre-money valuation (Dan Primack/Axios)
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Forum Brands, which provides market intelligence for e-commerce acquisitions, raises $27M Series A led by Norwest Venture Partners (Mary Ann Azevedo/TechCrunch)
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Shopify drops Shopify App Store's cut to 0% on devs' first $1M in revenue, says app developer partners earned $233M in 2020, more than 2018 and 2019 combined (Sarah Perez/TechCrunch)
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Elon Musk sets out Starlink goals The Tesla founder's satellite-internet business passes 69,000 users but subsidises dish cost. June 29, 2021 at 11:52PM
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Council workers suspended over TikTok cemetery videos The clips, filmed at a Derby cemetery, were described as "insensitive and disrespectful". June 29, 2021 at 09:02PM
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Studies have found that certain neighborhoods across the US that were redlined in the past are the same areas without fast home internet service today (Shara Tibken/CNET)
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RIP Pepper robot? SoftBank 'pauses' production Production of the robot is suspended and will only be restarted if there is a need for it. June 29, 2021 at 04:33PM
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ShipBob, which helps e-commerce businesses streamline fulfillment and manage inventory, raises $200M Series E led by Bain Capital at a $1B+ valuation (Wall Street Journal)
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Education software company Instructure files for a US IPO, reporting $94M in revenue in quarter ended March 31; Thoma Bravo had taken it private in March 2020 (Emily Bamforth/EdScoop)
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Monday, 28 June 2021
Google says all Play Store developer accounts will need to enable 2-Step Verification, provide an address, and verify their contact details later this year (Abner Li/9to5Google)
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Thoma Bravo has agreed to buy QAD, which provides cloud-based planning software for manufacturers, for about $2B in cash and will take the company private (Reuters)
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Sources: Facebook to roll out its newsletter product, called Bulletin, on Tuesday, and has recruited dozens of writers across categories like sports and finance (CNN)
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Payments company Payoneer closed ~1.5% lower on its Nasdaq debut via a SPAC merger, giving it a market cap of $1B+; the company was originally valued at $3.3B (Riley de León/CNBC)
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Stars call for 'gadget levy' to fund UK creatives A small percentage of devices' cost should go into a fund for UK creators and performers, a group says. June 29, 2021 at 05:53AM
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Snapchat says it has fixed the issue causing its iOS app to crash for some users, asks users to manually update the app if they are still facing any problem (Mitchell Clark/The Verge)
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Coinbase is granted a crypto custody license from Germany's Financial Supervisory Authority, the first company to get such a license according to the regulator (Nate DiCamillo/CoinDesk)
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