Techmeme
February 27, 2020, 12:05 PM

Top News

Lucas Matney / TechCrunch:
Reddit CEO Steve Huffman says TikTok is “fundamentally parasitic”, always listening, and its fingerprinting technology is “truly terrifying”  —  TikTok is one of the hottest social media platforms but the CEO of Reddit had some harsh words for the popular app …
Aaron Holmes / Business Insider:
Report: Rajeev Misra, head of the $100B Vision Fund, is accused of sabotaging other SoftBank execs for career advancement; Misra and SoftBank deny allegations  —  - Rajeev Misra, the head of SoftBank's $100 billion Vision Fund, is accused of overseeing a plan to lure SoftBank's then-president into a …
Dieter Bohn / The Verge:
Samsung Galaxy S20 Ultra review: 120Hz screen is nice and battery life is good but the main camera often acts like a first-gen product with first-gen problems  —  A new-generation camera with first-generation problems  —  Samsung has something to prove.  —  That's the most obvious feeling …
Lauren Feiner / CNBC:
DoorDash announces it has confidentially filed documents for an IPO with the SEC  —  Food delivery service DoorDash announced Thursday it has taken a first step toward a public offering.  —  DoorDash said it has confidentially submitted a draft S-1 filing to the Securities and Exchange Commission (SEC).
Bloomberg:
Sources: Nokia is working with advisers to explore strategic options ranging from asset sales to mergers  —  - Company working with advisers to consider asset sales, mergers  — Equipment maker has cut outlook amid fierce competition  —  Nokia Oyj is exploring strategic options …
Martin Brinkmann / gHacks Technology News:
Google officially adds support for Google Earth on Firefox, Edge, and Opera browsers, says it is working on adding support for Safari  —  When Google unveiled the new Google Earth back in 2017, it switched Google Earth from being a desktop application to a web application.
Sarah Perez / TechCrunch:
Online gaming platform Roblox raises $150M led by a16z's Late Stage Venture fund, reportedly at a $4B valuation; Roblox was valued at $2.5B+ as of last year  —  Online gaming platform Roblox, now home to 115 million largely Gen Z players per month, announced today it has raised $150 million …
Natalie Gagliordi / ZDNet:
Square beats Q4 expectations with revenue of $1.31B, up 41% YoY, says its Cash App has 24M MAUs, up 60% YoY, with a profit of $144M; stock up ~6% after hours  —  The company reported its fourth quarter financial results on Wednesday.  —  Square reported its fourth quarter financial results on Wednesday.
Ina Fried / Axios:
Facebook has hired the World Economic Forum's former head of tech policy Zvika Krieger as its new director of responsible innovation  —  Facebook has hired the World Economic Forum's former head of technology policy, Zvika Krieger, as its new director of responsible innovation, Axios has learned.
Spencer Neale / Washington Examiner:
Ninth Circuit court affirms YouTube, as a private company, did not violate free speech rights when it tagged some of PragerU's videos as age-restricted in 2017  —  A top right-wing, nonprofit organization known for publishing conservative videos on YouTube has lost an appeal against Google, the owner of the video-sharing platform.
Mark Gurman / Bloomberg:
At Apple's shareholder meeting, Tim Cook says Apple will open its online store in India this year, with physical stores in 2021, and addresses COVID-19 concerns  —  - CEO hints wearables sales $40 billion; equal to Marriott, Visa  — Company plans to open retail stores in India next year
New York Times:
Several high-profile Instagram accounts switch to private to avoid scrutiny when posting sponsored content for Bloomberg's campaign  —  The Bloomberg campaign is putting out more memes on private Instagram accounts — and running faster than Facebook can keep up.
Yomi Kazeem / Quartz:
South Africa-based Jumo, which partners with financial service providers and telecoms to offer lending, savings, and insurance services, raises $55M  —  African fintech has scored yet another major investment win: Jumo, a five-year old fintech startup has raised $55 million in debt and equity funding.

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