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July 29, 2021, 12:50 PM
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| Reuters: |
Robinhood raises $2.1B in its IPO after selling 55M shares at the low end of its $38 to $42 range, giving it a valuation of $31.8B — Robinhood Markets Inc, the owner of the trading app which emerged as the go-to destination for retail investors speculating on this year's “meme' stock trading frenzy …
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GlobeNewswire News Room, CNN, CNBC, Bloomberg, New York Times, Bloomberg, Crunchbase News, Finextra, MarketWatch, PitchBook, CNBC, Associated Press, Wall Street Journal, Forbes, Bloomberg, PYMNTS.com, Axios, Crypto Briefing, Bloomberg, The Irish Times, Silicon Republic, CoinJournal, blockchain.news, Wall Street Journal, Reuters, Coinspeaker, and CoinDesk
| Maggie Fitzgerald / CNBC: |
Robinhood starts trading at $38, the low end of its range, before falling 10%+ to below $34 — - Robinhood's opening price on the Nasdaq was $38 per share, valuing the stock trading app at roughly $32 billion. — Trading for the first time under ticker HOOD, the online brokerage hit …
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New York Times, Vox, PYMNTS.com, Reuters, MarketWatch, Bloomberg, StreetInsider.com, Washington Post, and NPR
Tweets: @thestalwart, @nycsouthpaw, @thestalwart, @tradingview, @benpopper, @eringriffith, @danprimack, @levynews, @felixsalmon, @wsbmod, @mylesudland, and @zerohedge
| Ryne Hager / Android Police: |
Google updates Play Store policies to ban apps offering “compensated sexual relationships”, likely impacting sugar daddy dating apps, beginning September 1 — Today, Google published a handful of changes to its Play policies, and nestled among precise legalese refinements … | Facebook: |
Facebook reports Q2 revenue of $29.08B, up 56% YoY, MAUs of 2.9B, up 7% YoY, headcount of 63,404, up 21% YoY; stock down ~3% on warning of revenue slowdown — “We had a strong quarter as we continue to help businesses grow and people stay connected,” said Mark Zuckerberg, Facebook founder and CEO.
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Reuters, Protocol, Stratechery, CNBC, 9to5Mac, CNN, CNBC, New York Post, WRAL TechWire, MacRumors, Axios, phonearena.com, PYMNTS.com, New York Times, The Economic Times, Pixel Envy, and Ubergizmo
Tweets: @ryanfduffy, @shiringhaffary, @swiftstories, @jason_kint, @caro_milanesi, @mylesudland, @parismarx, @silvermanjacob, @smdiehl, @jack, @jamesliamcook, @william_partin, @rezendi, @chrisinsilico, @caro_milanesi, @caro_milanesi, @jordannovet, @micsolana, @karissabe, @lizthegrey, @jason_kint, @jason_kint, @jason_kint, @thekenyeung, @cnbcnow, and @cnbc
| Karissa Bell / Engadget: |
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The Verge, TechCrunch, Trusted Reviews, Business Insider, and Mashable
Tweets: @turnernovak, @joshgnosis, @pt, @niinegames, @codepo8, @seldo, @tprstly, @anthonyquintano, @amcmanus, @finchstrife, and @jason_kint
| Stephanie Condon / ZDNet: |
| Karen Hao / MIT Technology Review: |
Profile of Sophie Zhang, a former Facebook data scientist who wrote an exit memo detailing Facebook's inadequate steps to address global election misinformation — Sophie Zhang, a former data scientist at Facebook, revealed that it enables global political manipulation and has done little to stop it.
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Insider. Tweets: @techreview, @timnitgebru, @_karenhao, @joshuahol, @justinhendrix, @mathewi, @dellcam, @nmatini, @szhang_ds, @jason_kint, @szhang_ds, @niallfirth, @szhang_ds, @szhang_ds, @dellcam, and @fboversight
| Jing Yang / Wall Street Journal: |
Sources: Didi is considering going private in order to placate Chinese authorities and compensate investors for losses using money made during its IPO — Ride-hailing giant has been contemplating delisting plan as crackdown widens and has obtained support from cybersecurity watchdog
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PingWest, Reuters, PYMNTS.com, South China Morning Post, Barron's Online, MarketWatch, Business Wire, CNBC, The Economic Times, Financial Times, Bloomberg, and Tech in Asia
Tweets: @jchengwsj, @jingyanghk, @jingyanghk, @jingyanghk, @kushkatakia, and @joshchin
| Tiernan Ray / ZDNet: |
OpenAI introduces Triton 1.0, an open-source programming language for writing GPU code for neural networks, and claims it is easier to write than Nvidia's CUDA — SEO: Python-like language promises to be easier to write than native CUDA and specialized GPU code but has performance comparable … | Danielle Kaye / Reuters: |
LinkedIn will let most staff opt for full-time remote work, reversing a policy from last October that would have required in-office work half of the time — LinkedIn will allow most employees to opt for full-time remote work as offices gradually reopen, Chief People Officer Teuila Hanson told Reuters.| Mary Ann Azevedo / TechCrunch: |
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Forbes, Bloomberg, NBC Bay Area, CNET, MarketWatch, The Economic Times, and BGR India
Tweets: @carnage4life, @sarthakgh, @migueldeicaza, @seldo, @carnage4life, and @kateclarktweets
| Wall Street Journal: |
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The Keyword, Appleosophy, Fortune, CNBC, Silicon Valley Business …, iThinkDifferent, CNN, Axios, Android Headlines, PCMag, Insider, NPR, Bloomberg, Mashable, TechSpot, Silicon Republic, CNBC, Computerworld, CNBC, CNET, and TechCrunch
Tweets: @cnbcjosh, @dani_lever, @andymstone, @markpinc, @louisgray, @pt, @deenashakir, @lanceulanoff, @buffywicks, @amy_siskind, @nychealthcommr, @levie, @cra, @carnage4life, @emmmacfarlane, @zd_bernstein, @scottdimmich, @keegsieb, @mollyjongfast, @jhweissmann, @jandrade, @reneritchie, @carnage4life, @danielhowley, @dealbook, @joshsternberg, @mauramaura, and @kellen_browning
| Alexandra Marvar / The Verge: |
A look at the rise of high-earning teens on Depop, who are using the Etsy-owned clothing marketplace to make thousands per week, often battling the algorithm — Seventeen-year-old Chelsea Aves of Fremont, California, has had a Depop account since her sophomore year of high school.
Tweets: @kelsaywhat and @taylorlorenz
| Eric Newcomer / Newcomer: |
Profile of Bessemer Venture Partners, an early investor in Twilio and Shopify, as its competition with Andreessen Horowitz, Tiger Global, and SoftBank ramps up — Bessemer Venture Partners is a thoughtful firm in a world of loose money. — 4 hr ago — In 2009, Ethan Kurzweil …
Tweets: @ericnewcomer, @sarthakgh, @jasonlk, @ericnewcomer, @ericnewcomer, and @sajithpai
| Makena Kelly / The Verge: |
Senate reaches a deal on an infrastructure plan including $65B for broadband investments, $35B less than Biden's original plan; final vote still yet to happen — That's less than the original $100 billion plan — On Wednesday, bipartisan Senate negotiators reached a deal on an infrastructure package after weeks of tense discussion.
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The White House, NBC News, and New York Times
Tweets: @govpritzker, @quinnypig, @markwarner, and @yfreemark
| Steven Musil / CNET: |
Samsung Q2: profit of $10.8B, up 54% YoY, on $55.2B revenue; its chips business accounted for nearly half the profit; mobile division revenue declined QoQ — Samsung's operating profit showed strong growth in the second quarter, thanks to higher-than-expected chip prices and continued consumer demand …
Source:
Samsung Global Newsroom. More:
Nikkei Asia, Thurrott, Android Central, Reuters, Wall Street Journal, Android Headlines, Engadget, SamMobile, Gizchina, SiliconANGLE, and ZDNet
| Chris Welch / The Verge: |
Nothing Ear (1) wireless earbuds review: comfortable, unique transparent design and lots of features, but buggy performance and so-so noise cancellation — Standout design, noise cancellation, and wireless charging for $99 — There's a lot riding on the Ear 1 wireless earbuds …
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Laptop Mag, TechCrunch, 9to5Google, Engadget, Gizmodo, iMore, Android Central, Tom's Guide, Wired UK, and Digital Trends
| Yogita Khatri / The Block: |
Singapore-based Vauld, formerly Bank of Hodlers, a crypto trading and lending service, raises $25M Series A led by Peter Thiel's Valar Ventures — Quick Take — Crypto trading and lending platform Vauld has raised $25 million in a Series A funding round led by Peter Thiel's Valar Ventures.| Harmeet Singh Walia / Counterpoint Research: |
Global smartphone market grew 19% YoY in Q2 with 329M units shipped, led by Samsung with 58M units, Xiaomi with 53M, Apple with 49M, and Oppo with 34M — - Global smartphone market grew 19% YoY but declined by 7% QoQ as 329 million units were shipped, led by Samsung.| Finextra: |
Prime Trust, which offers financial services APIs to fintech and digital asset companies, raises $64M Series A — Prime Trust, one-stop-shop for API-based financial infrastructure for fintech and digital asset innovators, has raised $64 million in a Series A funding round led by Mercato Partners.
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FinLedger, IBS Intelligence Market News, and Daily News
| Mary Ann Azevedo / TechCrunch: |
La Haus, an online real estate marketplace operating in Mexico and Colombia, raises a $100M extension to its $35M Series B, bringing its total raised to $158M — La Haus, which has developed an online real estate marketplace operating in Mexico and Colombia, has secured $100 million in additional funding …
Tweets: @bayareawriter
| Sean Hollister / The Verge: |
Hands-on with Intel's new NUC 11 Extreme, aka “Beast Canyon”, which has an 8-liter chassis for larger gaming components, starting at ~$1,150 for i7 — This 8-liter desktop upgrades in a snap — Building your own gaming PC is a labor of love. It's not something that needs to be “easier,” exactly.
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Tom's Hardware, PCWorld, Engadget, CNET, AnandTech, PCMag, and VideoCardz.com. Tweets: @dcseifert
| Jon Porter / The Verge: |
Huawei announces P50 and P50 Pro, its first flagship phones with HarmonyOS, in China; Huawei executive says the phones lack 5G support due to US sanctions — Google's apps and services continue to be absent — Huawei has announced its latest flagship phones for the Chinese market, the P50 and P50 Pro.| Jeff Benson / Decrypt: |
US Marshals Service has given a $6.6M+ contract to crypto startup Anchorage to manage seized crypto assets; BitGo had won a similar $4.5M contract in April — The U.S. Marshals Service, a branch of the Department of Justice charged with tracking down fugitives, has given a contract worth …
More:
Anchorage Digital, ZDNet, The Block, and Blockonomi
| Jordan Fabian / Bloomberg: |
More than 90 CEOs, including Cook, Pichai, Jassy, and Zuckerberg, urge Congress to ensure citizenship for Dreamers, after a judge ruled against the program — - More than 90 executives seek legal status for Dreamers — They say allowing citizenship would give U.S. economic boost
More:
AppleInsider, 9to5Mac, Coalition for the American Dream, and Livemint
Tweets: @business, @coalition_dream, and @andymstone
| Ingrid Lunden / TechCrunch: |
Homebase, which offers tools to manage teams and hourly workers at SMBs, raises $70M Series C led by GGV Capital, sources say at a $500M-$600M valuation — Small and medium enterprises have become a big opportunity in the world of B2B technology in the last several years …
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FinSMEs and California News Times
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