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June 17, 2021, 11:20 PM
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| Bobby Allyn / NPR: |
Snap eliminates Snapchat's speed filter, which let users show how fast they were moving, after a US court ruled that Snap could be sued for a fatal car crash — The maker of the Snapchat app is eliminating a feature known as the “speed filter” that lets users capture how fast they are moving …
More:
Protocol, iMore, TechCrunch, BuzzFeed News, phonearena.com, The Verge, iPhone Hacks, 9to5Mac, MUO, Engadget, and The Hill
Tweets: @lanceulanoff and @gartenberg
| Lorenzo Franceschi-Bicchierai / VICE: |
Researchers: encryption algorithm GEA-1, used in GPRS data in 2G networks, was deliberately weakened by its designers; ETSI blames export regulations — A new paper shows that two old encryption algorithms still used in mobile networks can be exploited to spy on phones' internet traffic.| Johana Bhuiyan / Los Angeles Times: |
Emails from 2016 show Ring provided ~100 LAPD officers with free devices or discount codes and encouraged them to promote its devices to fellow LAPD, the public — In a bid to bolster its claims as a crime-fighting tool, Ring deployed a tactic popular in the business world: influencer marketing.
More:
Electronic Frontier Foundation, Insider, The Verge, and Input
Tweets: @normative, @jmbooyah, @mguariglia, @jmbooyah, @hypervisible, @kevrector, @brooklynmarie, @latimes, @latimes, @eff, and @pringlelatimes
| Salvador Rodriguez / CNBC: |
Facebook says it will begin testing ads on Oculus headsets, starting with the shooter game Blaston, and won't use data stored on devices to target ads — - Facebook on Wednesday announced that it will begin testing advertisements that will appear within the company's Oculus virtual reality headsets.
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CNBC, Oculus Blog, PYMNTS.com, The Verge, The Verge, ExtremeTech, Ars Technica, WANE-TV, Complex, iPhone in Canada Blog, TechSpot, The Information, Tom's Hardware, GameRevolution, Morning Brew, KnowTechie, MarTech, Road to VR, TechCrunch, Micky, Pocketnow, Tom's Guide, Forbes, XDA Developers, thegamer.com, MSPoweruser, PCMag, VRFocus, GamesIndustry.biz, The Overspill, Mashable, Reuters, PC Gamer, Variety, CNET, Trusted Reviews, UploadVR, and SlashGear
Tweets: @t3hero_, @rwilson_design, @giygaimpact, @humancell, @counternotions, @tweepsmap, @sub8u, @martyswant, @paulobrien, @konrad_it, @joabyjojo, @kavyapearlman, @qtpop, @boztank, @glytchtech, @uncooldana, @justinhendrix, @levie, @psythor, @kentbye, @ericpresidentvr, @lanceulanoff, @leojtravis10, @cixliv, @thelinuxexp, @danieltg85, @starfire2258, @gamoid, @bcarr, @yoda, @yoda, @ceciliakang, @shortformernie, @stevekovach, @stevekovach, and @shiraovide. Thanks:@sal19
| Casey Newton / Platformer: |
More:
Road to VR, Morning Brew, and SamMobile
Tweets: @internetofshit, @danielbower, @jbergounhoux, @reckless, @kpedraja, @alexcartaz, @reckless, @platformer, @caseynewton, @stevekovach, and @caseynewton
| Amanda Silberling / TechCrunch: |
Spotify has acquired Podz, a podcast discovery startup whose tech helps podcasters promote their show using ML to select 60-second clips of key moments — Podcasts are all the rage, but podcast discovery is a challenge. Today, Spotify announced its acquisition of Podz …
More:
Spotify, 9to5Mac, AppleInsider, iMore, and TechCrunch
Tweets: @producthunt, @rasmuszwickson, and @eyevariety
| Ryan Barwick / Morning Brew: |
Study: 48% of ad traffic on “fake” news publishers and 32% of ad traffic on “low credibility sites” like Breitbart is served by Google — It's about a third for"low credibility" sites. … Fake news is a problem. Yet the sites that publish it keep surviving … | Taylor Hatmaker / TechCrunch: |
Palmer Luckey's Anduril raises $450M Series D led by Elad Gil, with a16z and others participating; Anduril is now valued at $4.6B, up from $1.9B in July 2020 — The AI-powered defense company founded by tech iconoclast Palmer Luckey has landed a $450 million round of investment that values …
More:
Anduril Blog, CNBC, FinSMEs, SiliconANGLE, ocbj.com, and Forbes
| Joe Weisenthal / Bloomberg: |
Mark Cuban calls for stablecoin regulation, after trading Iron Finance's algorithmic stablecoin DeFi Titanium, which then crashed from $60 to $0 in a day — Here's a chart you never want to see. It's of the DeFi Titanium token, which in one day went from being valued around $60 to $0.| Bloomberg: |
Wise, previously known as TransferWise, plans to go public on the LSE via a direct listing, the first company to choose an alternative listing in the UK — - Founders, employees get extra voting rights for limited time — Direct listings are becoming more popular among U.S. startups
More:
CNBC, PYMNTS.com, TechCrunch, Reuters, SiliconANGLE, Finbold, Coinspeaker, Finextra, and cryptodaily.co.uk
Tweets: @technation, @wsjmarkets, and @abhinavvr
| Sarah Perez / TechCrunch: |
Instagram launches ads in Reels worldwide; the ads can be up to 30 seconds and vertical in format — Instagram Reels are getting ads. The company announced today it's launching ads in its short-form video platform and TikTok rival, Reels, to businesses and advertisers worldwide.
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The Verge, CNBC, Android Headlines, Tubefilter, Social Media Today, SlashGear, BGR India, Livemint, Engadget, and PYMNTS.com
Tweets: @varunmayya, @with_practice, @maxbalzer_, and @vgoud55
| Jack Nicas / New York Times: |
Profile of Doug Guthrie, an advocate for doing business in China who advised Apple from 2014-2019, as he now warns of the risks of China's nationalist turn — Doug Guthrie, once one of America's leading China bulls, rang the alarm on doing business there. He spoke about his time at Apple.
More:
Big Technology. Tweets: @liyuan6, @gwbstr, @jacknicas, @nytimesbusiness, @yaqiu, @jacknicas, @nytimes, and @trippmickle
| John Koblin / New York Times: |
Nielsen announces a new metric, The Gauge, to measure streaming viewing in ~14,000 US homes via hardware that watches internet traffic passing through a router — The company known for measuring television ratings said Netflix and YouTube are far ahead of their digital competitors in time watched on TVs …
More:
nielsen.com, The Verge, and CNBC
Tweets: @kimmasters, @mulvihill79, @oliverdarcy, @koblin, @marktorromeo, @edmundlee, @nytimesbusiness, @ryansatin, @richlightshed, and @aidnmclaughlin
| Laurel Deppen / GeekWire: |
Seattle-based Leafly, which runs an online marketplace for cannabis, raises $23M from existing investors; Leafly has 120M annual visitors — Seattle-based online cannabis marketplace Leafly has closed $23 million in new funding, GeekWire confirmed with the company.| Ingrid Lunden / TechCrunch: |
Transform, which develops tools for businesses to query and build metrics from data troves, comes out of stealth with $20M Series A, after $4.5M seed in 2020 — The biggest tech companies have put a lot of time and money into building tools and platforms for their data science teams …
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FinSMEs
| Mishaal Rahman / XDA Developers: |
APK teardown of new version of Google Play Services suggests that Google is working to build an Android device network like Apple's Find My — Because Apple tightly controls the iOS ecosystem, they're able to build a massive, crowdsourced network of devices that can help locate other devices.| Mary Ann Azevedo / TechCrunch: |
Unit, which helps companies build financial and banking products, raises $51M Series B led by Accel, bringing its total raises to ~$70M — We've all heard the phrase, “Every company is a fintech.” — But these days, that's becoming more and more true as an increasing number of companies …
More:
Unit - Blog, PYMNTS.com, Globes Online, FinLedger, Finextra, and CTech
Tweets: @unit_co_, @itaidamti, @joeoehmke, @sriramkri, @iankar_, @hserunjogi, @nikmilanovic, @emmalynshaw, @dionlisle, and @amitavner
| Stephen Shankland / CNET: |
Google says it is funding a project to increase Linux security by writing parts of the operating system's core in Rust — Google said Thursday it's funding a project to increase Linux security by writing parts of the operating system's core in the Rust programming language … | Danny Crichton / TechCrunch: |
Neo4j, which offers a graph-centric database and related products, raises $325M Series F led by Eurazeo at a $2B+ valuation — Databases run the world, but database products are often some of the most mature and venerable software in the modern tech stack.
More:
VentureBeat, The Register, CRN, Database Trends …, Crunchbase News, and FinSMEs
Tweets: @maxniederhofer and @dannycrichton
| Eric Rosenbaum / CNBC: |
23andMe goes public via merger with a Richard Branson SPAC, raises $600M in IPO at a valuation of $3.5B; shares were up 21% on its first day at Nasdaq — - 23andMe, the genetic testing company that pioneered the business of personalized gene testing kits, traded higher in its public market debut under … | Stephanie Condon / ZDNet: |
Adobe beats in Q2 with revenue of $3.84B, up 23% YoY, vs est. of $3.73B, with YoY revenues of Digital Media up 25%, Creative up 24%, and Document Cloud up 30% — Adobe beat top and bottom-line expectations for the quarter, with cash flows from operations hitting a record $1.99 billion.
More:
Adobe Press Releases, SiliconANGLE, TheStreet, MarketWatch, Barron's Online, Investor's Business Daily, Bloomberg, and Adobe
Tweets: @mukund and @jordannovet
| Simon Clark / Wall Street Journal: |
JPMorgan buys UK-based digital wealth manager Nutmeg, which has 140K+ customers and about $5B in assets under management; sources say deal is worth about $1B — Digital wealth manager Nutmeg has around 140,000 customers and $5 billion in assets — JPMorgan Chase & Co. agreed …
More:
Finbold and PYMNTS.com
| Eric Geller / Politico: |
Senate confirms ex-NSA director Chris Inglis as national cyber director; Congress still has not funded his office, despite authorizing him to hire 75 employees — Inglis, a former NSA deputy director, will confront the mammoth task of streamlining the government's approach to a growing crisis.| Manish Singh / TechCrunch: |
PUBG Mobile returns to Google Play Store in India with new name Battlegrounds Mobile India, after being banned for nine months on national security grounds — Krafton, which filed for an IPO earlier this week, has built a gigantic gaming empire. If the firm is able to raise the target $5 billion …
More:
androidauthority.com, Livemint, Android Police, and The Verge
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