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June 29, 2021, 5:40 AM
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| Salvador Rodriguez / CNBC: |
US district court dismisses FTC's antitrust complaint against Facebook, saying its definition of market dominance was insufficient, but will let FTC refile it — - A federal court on Monday dismissed the Federal Trade Commission's antitrust complaint against Facebook.
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US District Court for the District of Columbia, New York Times, Bloomberg, Wall Street Journal, Politico, Insider, The Register, Protocol, New York Times, CNET, Gizmodo, The Verge, The Verge, Axios, Bloomberg, RTÉ, TGDaily, Financial Times, Coinspeaker, BIG by Matt Stoller, Washington Post, iTnews, Android Central, Near Media, Pixel Envy, Cmte Judiciary (D) …, Forbes, Tech Xplore, Insider, BBC, ZDNet, The Overspill, phonearena.com, Politico, Vox, PYMNTS.com, USA Today, NPR, Input, PYMNTS.com, Telegraph, Shacknews, Barron's Online, NBC News, Mashable, Associated Press, Sputnik News, theepochtimes.com, The Daily Caller, CNN, Slashdot, TechCrunch, Protocol, MSPoweruser, Variety, Los Angeles Times, New York Post, Newser, San Francisco Business Journal, The Daily Dot, and UploadVR
Tweets: @leah_nylen, @cnbcnow, @hawleymo, @ceciliakang, @repkenbuck, @b_fung, @willoremus, @sarahfrier, @b_fung, @amyklobuchar, @caseynewton, @caseynewton, @reckless, @levie, @benedictevans, @sarahfrier, @willoremus, @fawfulfan, @notpretzel, @asherschechter, @dealbook, @brendanbordelon, @mikeisaac, @alisonfrankel, @adamnash, @brkend, @mikeelgan, @colorofchange, @gabrielmalor, @ivanthek, @harrylitman, @edmundlee, @marklemley, @profcarroll, @karaswisher, @senwarren, @kantrowitz, @matthewstoller, @caseynewton, @producthunt, @mattrosoff, @benedictevans, @robbysoave, @caseynewton, @senblumenthal, @sruhle, @austen, @matthewstoller, @caseynewton, @sarahfrier, @econ_marshall, @repmondaire, @ajitpai, @bobbyallyn, and @mdudas
| Salvador Rodriguez / CNBC: |
On Monday, Facebook's stock rose 4.2%, closing at $355.64, giving Facebook a $1T market cap for the first time, the fifth US company to hit the milestone — - Facebook has hit $1 trillion in market capitalization. — Facebook stock spiked nearly 5% in late-day trading aided … | Tom Warren / The Verge: |
Microsoft releases the first Windows 11 preview, available to Insiders, with major updates included except Teams integration and Android app support — The next version of Windows is available for testing — Microsoft is releasing its first Windows 11 preview build today.| Mitchell Clark / The Verge: |
After a wave of criticism, Microsoft defends Windows 11's minimum requirements, says it will test PCs with Intel 7th gen and AMD Zen 1 chips for compatibility — It'll test support for Intel 7th Gen and AMD Zen 1 chips — In a blog post today, Microsoft is making another attempt at clarifying … | Tom Warren / The Verge: |
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Softpedia News, Tom's Guide, SiliconANGLE, Input, BleepingComputer, Thurrott, MUO, ZDNet, mobilesyrup.com, OnMSFT.com, Android Authority, XDA Developers, WinBuzzer, and TechRadar
Tweets: @tomwarren, @martinsfp, @horsynox, @tomwarren, and @tomwarren
| Cameron Faulkner / The Verge: |
Microsoft rolls out its Xbox Cloud Gaming service via browser to PCs, iPhones, and iPads across 22 countries for Xbox Game Pass Ultimate members — No Xbox necessary — Microsoft's xCloud, the cloud game streaming component of Xbox Game Pass Ultimate that doesn't require a console to use …
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Xbox Wire, Xbox Wire, MacRumors, Laptop Mag, USA Today, TechRadar, Pocket-lint, Gamasutra, Tom's Guide, Gizmodo, GeekWire, BGR India, TNW, Engadget, iPhone in Canada Blog, Game Rant, Video Games Chronicle, iMore, GamesIndustry.biz, Neowin, Macworld, iClarified, XDA Developers, GameSpot, Phandroid, Digital Trends, Destructoid, mobilesyrup.com, iDownloadBlog.com, Android Headlines, Ars Technica, Trusted Reviews, thegamer.com, MSPoweruser, Thurrott, AppleInsider, PCWorld, TechCrunch, Polygon, IGN, 9to5Mac, 9to5Google, and Windows Central
| TechCrunch: |
Duolingo files for US IPO, reveals revenue growth of 129% YoY in 2020, and reports $55.4M in revenue during Q1 2021 — The edtech unicorn reveals 129% 2020 revenue growth — Duolingo, a Pittsburgh-based language learning business last valued at $2.4 billion, has officially filed to go public.
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SEC, Silicon Republic, CNBC, Pittsburgh Business Journal, PR Newswire, and MarketWatch
Tweets: @tonywan, @daveambrose, and @sorayadarabi
| Abner Li / 9to5Google: |
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 — To improve developer security on the Play Store, Google is requiring those that develop for Android to abide by 2-Step Verification … | Cherlynn Low / Engadget: |
Samsung details a new smartwatch user interface called One UI Watch, debuting on an upcoming Galaxy Watch later this year — At its MWC event today, Samsung showed off its latest smartwatch interface called One UI Watch. This software will run on top of — the new Wear OS, which the company co-developed with Google.
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Samsung US Newsroom, YouTube, Engadget, The Verge, Gizchina, fossbytes.com, Wareable, Financial Times, Techaeris, Android Central, Tom's Guide, 9to5Google, and TechCrunch. Tweets: @samsungnewsus
| Mitchell Clark / The Verge: |
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 — The app was crashing on launch — If you've been experiencing the bug where the iOS version of Snapchat crashes at launch …
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AppleInsider, MacRumors, Gizmodo, Ubergizmo, The Independent, ScreenRant, Fast Company, phonearena.com, USA Today, iMore, Cult of Mac, iPhone Hacks, and 9to5Mac
Tweets: @snapchatsupport and @quinnypig
| Lucas Matney / TechCrunch: |
Discord acquires augmented reality startup Ubiquity6, which had raised $37.5M and recently pivoted to become a collaborative service for simple online games — After raising tens of millions from investors and executing a pretty substantial pivot earlier this year, augmented reality startup Ubiquity6 …
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Protocol, Ubiquity6, and Coinspeaker
Tweets: @anjneymidha, @jasoncitron, @indexventures, @vivianmshen, @darian314, @jeffscottward, and @ubiquity6
| Song Su-hyun / The Korea Herald: |
A South Korean court has ruled that Netflix is obligated to pay network usage fees to mobile carriers; Netflix made up 4.8% of the country's traffic in Q4 2020 — A Seoul court's decision last week that effectively confirmed Netflix's obligation to pay network usage fees to mobile carriers suggests … | Sarah Perez / TechCrunch: |
Sensor Tower: global consumer mobile app spending hit $64.9B in H1 2021, a record and up 24.8% YoY; install growth slowed to 1.7% overall, declined 10.9% on iOS — Consumer spending in mobile apps hit a record $64.9 billion during the first half of 2021, according to preliminary data from app store intelligence firm Sensor Tower.
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Sensor Tower Blog, VentureBeat, iMore, mobilesyrup.com, TechSpot, and Android Central
| Riley de León / CNBC: |
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 — - Shares of payments company Payoneer closed down roughly 1.5% after its market debut Monday on the Nasdaq, giving it a market cap of just over $1 billion.
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SiliconANGLE and Reuters
| Reuters: |
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 — QAD Inc (QADA.O) said on Monday private equity firm Thoma Bravo will buy the enterprise software maker for about $2 billion, the latest go-private deal by the software investor.
| Wall Street Journal: |
ShipBob, which helps e-commerce businesses streamline fulfillment and manage inventory, raises $200M Series E led by Bain Capital at a $1B+ valuation — Latest funding round pushes fulfillment specialist to valuation of more than $1 billion — ShipBob Inc., a company that helps small …
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TechCrunch
| Emily Bamforth / EdScoop: |
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 — Instructure, the company that develops the learning management system Canvas, has filed with the Securities Exchange Commission …
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Instructure and Reuters
| Nate DiCamillo / CoinDesk: |
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 — The license will allow Coinbase to continue operating in Germany. — Coinbase has received a crypto custody license …
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The Coinbase Blog, Reuters, Crypto Briefing, Finbold, and The Block
| Spencer Soper / Bloomberg: |
Interviews with 15 Amazon Flex drivers reveal how algorithms hire, rate, and fire contract drivers with little or no human oversight — Stephen Normandin spent almost four years racing around Phoenix delivering packages as a contract driver for Amazon.com Inc. Then one day, he received an automated email.
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Forbes, Engadget, Ars Technica, and Insider
Tweets: @spencersoper, @kyweise, @johnkoetsier, @mattdpearce, @mhbergen, @ethanz, @johnjedwards3, and @hypervisible
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