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December 7, 2020, 6:55 AM
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| Bloomberg: |
Source: investors in at least two mature Sequoia funds will see 11X returns on paper, after fees, and another fund is showing 8X returns — About a week before the coronavirus was declared a pandemic, one of the world's leading venture capital firms issued a dire prophecy.
Tweets: @katie_roof, @katie_roof, @kateclarktweets, @mark_dow, @pitdesi, @mcbridesg, @davidu, @jordannovet, @bznotes, @sarthakgh, and @lisafleisher
| Kevin Roose / New York Times: |
How Biden's digital campaign, largely focused on positive, authentic messaging and “Facebook moms”, defeated Trump's “Death Star” digital operation — The campaign's empathetic digital strategy held up surprisingly well against President Trump's passionate digital following.
More:
NBC News and The Atlantic
| Maureen Farrell / Wall Street Journal: |
Sources: Airbnb plans to boost the proposed price range of its IPO to between $56 and $60 a share, which equates to a valuation of $39B to $42B, fully diluted — New price range for home-rental company's public debut equates to $39 billion to $42 billion, fully diluted
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DealStreetAsia, Tech Xplore, Fortune, Bloomberg, and PYMNTS.com
Tweets: @wsj, @missgallo, @charlesforelle, @danacimilluca, and @coryweinberg
| Financial Times: |
Inside Disney's costly online push while its lucrative legacy businesses decline, as sources say the success of Disney Plus diminished Disney's interest in Hulu — Media empire must sustain its costly online push while its lucrative legacy businesses decline
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Wccftech. Tweets: @annaknicolaou, @rasmus_kleis, @financialtimes, @annaknicolaou, @sub8u, @pkafka, and @ft
| Beth DeCarbo / Wall Street Journal: |
How drone deliveries may impact the design of homes, apartment complexes, and neighborhoods, with possibilities like drone landing pads on mailboxes or rooftops — Landing pads, special mailboxes and more: A future where delivery drones buzz through neighborhoods could prompt architects and builders to rethink
Tweets: @chrismattmann, @wsakaren, @chupchap, and @producercities
| Christopher Mims / Wall Street Journal: |
How some Black startup founders are finding it easier to attract investors in 2020, as investors are accessible on Zoom and creating diversity-focused funds — An unexpected side-effect of lockdowns: It can be easier to get a meeting with a venture capitalist.| Kanishka Singh / Reuters: |
Google says it pulled some Chrome extensions of IAC, the holding company behind services like Vimeo, for policy violations and is reviewing enforcement options — (Reuters) - Alphabet Inc's Google said on Sunday it has removed a number of browser extensions of online conglomerate IAC/InterActive Corp for …
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Wall Street Journal, Protocol, TechRadar, MediaNama, and Engadget
Tweets: @anthony, @wsj, @campuscodi, @realrobcopeland, @matthewstoller, and @geoffbelknap
| Aoife White / Bloomberg: |
Amazon's proactive engagement with EU regulators, addressing their concerns, may help it avoid the fate of Google, which was fined ~$9B for antitrust violations — Amazon faced the prospect of an escalating conflict with the European Union in November when Margrethe Vestager … | Jane Lytvynenko / BuzzFeed News: |
This year disinformation about the pandemic, BLM protests, and the election divided the US, with the “Plandemic” as a case study of social networks' failures — Disinformation and its fallout have defined 2020, the year of the infodemic. Month after month, self-serving social media companies …
Tweets: @janelytv, @katestarbird, @brucewilson, @_zakali, and @paulachertok
| Steven Levy / Wired: |
Deirdre O'Brien, Apple's SVP of Retail + People, talks about the company's response to COVID-19 and how its retail staff and stores evolved amid the pandemic — Plus: A patented pizza box, polarization on Parler, and a sad update. — And that it didn't kill you. — The Plain View| Misyrlena Egkolfopoulou / Bloomberg: |
TikTok videos offering dubious financial advice are drawing millions of views, as young people increasingly turn to the app as a source of financial literacy — Buy several credit cards with different due dates. Max out spending on the first one, use another to pay it off … | Claire Che / Bloomberg: |
JD.com says it will launch a pilot program this month to test digital yuan, the cryptocurrency backed by China's central bank — JD.com Inc., China's second-biggest online retailer, will become the country's first virtual mall to use digital yuan, the cryptocurrency backed by the central bank.
More:
South China Morning Post, Engadget, Reuters, PYMNTS.com, CoinDesk, and Gizmochina. Tweets: @technology
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