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August 2, 2021, 1:35 AM
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| Reuters: |
Square says it's buying Australia-based buy now, pay later service Afterpay for $29B in an all-stock deal, paying a 30% premium on Afterpay's last closing — U.S. fintech company Square Inc (SQ.N) said on Monday it had agreed to purchase Australian buy now/pay later giant Afterpay Ltd …
More:
The Economic Times, Gizmodo, TechCrunch, The Verge, iTnews, Australian Financial Review, The Register, Wall Street Journal, CNBC, CNN, Fortune, ZDNet, Tech in Asia, New York Times, ABC, and SiliconANGLE
Tweets: @jack, @jonrussell, @alexh_johnson, @fintechfrank, @square, @gokulr, @rrhoover, @pitdesi, @magyer, @magyer, @packym, @rstephens, @bengrubb, @mengxilu, @jendudley, and @carnage4life
| Greg Ahlstrand / CoinDesk: |
Square reports Q2 revenue of $4.88B, up 143% YoY, while its Cash App service's bitcoin yearly revenue was $2.72B, up 200% — Cash App's bitcoin gross profit rose to $55 million, Square said in its Q2 letter to shareholders. — Jack Dorsey's Square said its Cash App service's bitcoin … | Jonathan Stempel / Reuters: |
Zoom agrees to pay $85M and bolster its security practices to settle a class action lawsuit over alleged user privacy violations and Zoombombing — Zoom Video Communications Inc (ZM.O) agreed to pay $85 million and bolster its security practices to settle a lawsuit claiming …
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ZDNet, BBC, Bloomberg, Agence France-Presse, CNN, Engadget, New York Times, SiliconANGLE, iTnews, The Hill, Mercury News, Axios, NPR, AppleInsider, TheStreet, and Slashdot
| Francis Agustin / Insider: |
Filings: Starlink has secured a license to build a satellite ground station on the Isle of Man, aiming to provide “blanket coverage” across Great Britain — - Elon Musk's Starlink will seek to provide high-speed internet across Great Britain, the Telegraph first reported.
Source:
Telegraph
| Stitch / The Verge: |
Some K-pop stars are bypassing Twitter and Facebook to create platforms for fans, like Universe, which features AI-generated voice calls with the idols — Fandom has changed a lot since I was a kid. As a tween, I had no hope of getting in touch with celebrities I adored like Britney Spears and Whitney Houston.
Tweets: @researchbts, @fansumption, @stitchmediamix, @marshawright, @pauljholden, @verge, and @roburaibu
| Kyle Chayka / New Yorker: |
Profile of Bored Ape Yacht Club, an NFT collection that sold for $2M+ in April, spawned a collector community, and has since seen ~$100M in trading activity — N.F.T. clubs are all the rage among cryptocurrency enthusiasts. Are they a get-rich-quick scheme or the future of culture?
More:
Decrypt. Tweets: @narendra, @adambrotman, @taylorlorenz, @newyorker, @aljaparis, @anthony, @aljaparis, @borgetsebastien, @martinsfp, @seth, @zoescaman, @taylorgerring, @mitchem, and @chaykak
| Manish Singh / TechCrunch: |
Indian online insurance aggregator Policybazaar files for IPO, seeks to raise $809M and says it may raise about $100M in a pre-IPO round — Indian online insurance aggregator PolicyBazaar has filed for an initial public offering in which it is seeking to raise $809 million …
More:
Bloomberg, Moneycontrol, and The Economic Times
| John Herrman / New York Times: |
After a decade of online identities coming under increasingly centralized control, online anonymity is starting to look like a threatened privilege than a right — Reconsidering pseudonymity and what it means to “be yourself” online. — In early July, when England's soccer team lost …
Tweets: @slydessertfox, @noupside, @davidakaye, @hkesvani, @moonalice, @jwherrman, @wexler, @natematias, @graceonfootball, and @jwherrman
| Brent Lang / Variety: |
Profile of Netflix's head of movies Scott Stuber, who has grown original film output from 21 in 2016 to 70+ in 2021, as it makes deals with Spielberg and others — Two years ago, the legendary director reportedly opposed the idea that streaming films should qualify for Oscars.| Manish Singh / TechCrunch: |
Bangalore-based online learning startup Unacademy raises $440M round led by Temasek at a $3.44B valuation — Unacademy has raised $440 million in a new financing round as the Indian online learning startup looks to expand into multiple additional categories.
More:
Bloomberg, Business Standard, Moneycontrol, and The Economic Times
Tweets: @prasannavishy, @gauravmunjal, @gauravmunjal, and @samidhas
| Maya Wolfe-Robinson / The Guardian: |
Report: Facebook, Twitter, Instagram, YouTube, and TikTok failed to act on 84% of posts spreading anti-Semitism reported via their own complaint systems — Facebook, Twitter, Instagram, Youtube and TikTok failing to act on most reported anti-Jewish posts, says study| Molly Wood / The Atlantic: |
Microsoft is avoiding antitrust scrutiny by rebranding itself as nice and boring, even as it reverts to some of the behaviors that led to prosecution the '90s — How has Microsoft escaped the scrutiny of reinvigorated antitrust regulators? — About the author: Molly Wood is the host …
Tweets: @mukund, @teezeh, @arekfurt, @carnage4life, @aarti411, @brycas, @theatlantic, @mollywood, @mollywood, and @mollywood
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