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August 2, 2021, 11:25 AM
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| Greg Ahlstrand / CoinDesk: |
Square reports Q2 revenue of $4.88B, up 143% YoY; Cash App's bitcoin yearly revenue was $2.72B, up 200%, as Square's bitcoin holdings had a $45M impairment loss — Cash App's bitcoin gross profit rose to $55 million, Square said in its Q2 letter to shareholders.
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Square, Benzinga, The Block, altfi.com, CNBC, CoinJournal, BitcoinExchangeGuide, Decrypt, Cointelegraph, NewsBTC, blockchain.news, Coinspeaker, Finextra, and Reuters
Tweets: @ryan_browne_, @firstgenwealth, and @arturo_p_a
| 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 …
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CNBC, Wall Street Journal, The Verge, TechCrunch, TNW, The Economic Times, iTnews, Finbold, Australian Financial Review, Axios, BitcoinExchangeGuide, New York Times, Australian Financial Review, Fortune, Neowin, Cryptonews, Cointelegraph, Engadget, CNN, BBC, ZDNet, Insider, ABC, TechRadar, and Tech in Asia
Tweets: @jack, @square, @gokulr, @pitdesi, @magyer, @jonrussell, @magyer, @rstephens, @mengxilu, @fintechfrank, @jendudley, @valwagoner, @rrhoover, @packym, @bengrubb, @alexh_johnson, and @carnage4life
| Jon Porter / The Verge: |
YouTube trials Premium Lite subscription for €6.99/month, offering ad-free viewing across all major platforms, currently available in Europe — Currently being piloted in parts of Europe — Google is piloting a more affordable premium subscription tier for YouTube …
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ResetEra, HotHardware.com News, AppleInsider, XDA Developers, Engadget, PCMag, Android Authority, Android Central, Android Police, Wccftech, Memeburn, MacRumors, Chrome Unboxed, TechSpot, MUO, Trusted Reviews, Phandroid, The Streamable, SlashGear, 9to5Google, iPhone Hacks, phonearena.com, and iMore
Tweets: @tomwarren, @chunvn8888, @danishkh4n, and @martinsfp
| Olivia Solon / NBC News: |
Female journalists and activists share how they were targeted and harassed by authoritarian regimes through hack-and-leak attacks using the Pegasus spyware — Ghada Oueiss, a Lebanese broadcast journalist at Al-Jazeera, was eating dinner at home with her husband last June when she received …
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9to5Mac and Beyond Search
Tweets: @iyad_elbaghdadi, @abierkhatib, @k8em0, @drewharwell, @kimzetter, @trycatchhcf, @memeghnad, @lalehkhalili, @shadow0pz, @evacide, @evan_greer, and @oliviasolon
| Politico: |
Pro-Trump social network GETTR is awash with Islamic State propaganda, including graphic videos of beheadings and memes of a militant executing Trump — GETTR, the new platform started by members of the former president's inner circle, is awash with beheading videos and extremist content.
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Insider and KnowTechie
Tweets: @markscott82, @ericgeller, @politico, @scottjshapiro, @ryanlcooper, @tvietor08, @willsommer, and @evelyndouek
| Catalin Cimpanu / The Record: |
Researchers say a collection of nine vulnerabilities impact pneumatic tube systems installed in ~80% of all major US hospitals — Details have been published today about a collection of nine vulnerabilities known as PwnedPiper that impact common a type of medical equipment that's installed …
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Armis, Softpedia News, CyberScoop, ZDNet, TechRepublic, The Register, BleepingComputer, CSO, Dark Reading, SecurityWeek, and The Hacker News
Tweets: @lilyhnewman and @brbarrett
| New Statesman: |
Investigation: in the last five years, six EU academic institutes received tens of millions of pounds in funding from Google, Facebook, Amazon, and Microsoft — The search giant has provided tens of millions of pounds of funding to academics investigating issues closely related to its business model.
| Dr. Ian Cutress / AnandTech: |
A now-deleted tweet by an Intel executive suggests Thunderbolt 5 could double the bandwidth of existing Thunderbolt 4 and USB 4 connections to 80 Gbps — An executive visiting various research divisions across the globe isn't necessarily new, but with a focus on social media driving named individuals … | Laura Forman / Wall Street Journal: |
New York City Council passes five bills aimed at reducing the power of food delivery platforms, including extending a cap on restaurant commissions to Feb. 2022 — New bills passed in New York City could curb some appeal of companies like Grubhub, DoorDash and Uber Eats
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New York City Council, Gothamist, Restaurant Business, and Engadget
| Leah Nylen / Politico: |
Sources: FTC's lead economics expert in its antitrust case against Facebook, Carl Shapiro, has parted ways with the agency as it prepares to refile its case — Economics consultant Carl Shapiro, who hasn't commented on why he left the case, has a history of ideological differences with agency Chair Lina Khan.
Tweets: @florianederer, @leah_nylen, @politico, @cfcamerer, @lutherlowe, @leah_nylen, @leah_nylen, @scottlincicome, and @matthewstoller
| Ryan Browne / CNBC: |
Estonian ride hailing startup Bolt, formerly known as Taxify, raises $713M at a ~$4.75B valuation, led by Sequoia, Tekne, and Ghisallo — - Estonian ride-hailing start-up Bolt has raised $713 million in fresh funding to push into the rapidly-growing online grocery delivery industry.
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Tech.eu, EU-Startups, Insider, Coinspeaker, Tech News, Reuters, and blog.bolt.eu
Tweets: @ryan_browne_, @e_estonia, @pvesterbacka, @ryan_browne_, and @villigm
| Heather Somerville / Wall Street Journal: |
Non-VC funds invested in a record 42% of tech startup funding deals in Q2 2021; H1 '21 US startup funding was $150B, with FY 2021 on pace to double 2020's total — Hedge, mutual and pension funds are investing heavily, leading to higher valuations and more leverage for company founders
Tweets: @mims, @heathersomervil, @timcohn, @jontreble, @amyssorrells, @sarahponczek, @dngusev, @notamitalegend, @mdudas, and @mv11151
| Aoife White / Bloomberg: |
Following the UK's CMA, European Commission is launching an investigation into Facebook's acquisition of Kustomer with a deadline of December 22 for a ruling — - EU sets Dec. 22 deadline to examine customer-service software — EU will also examine Facebook's ad-targeting “data advantage”| Jennifer Elias / CNBC: |
Filings: Larry Page and Sergey Brin have sold a combined $1B+ in Google stock since May 2021, the most since 2017; Google's share price has since tripled — - Google founders and majority stakeholders Larry Page and Sergey Brin have sold more than $1 billion worth of stock combined since May.| 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, TechCrunch, BBC, Engadget, PCMag, CNN, IT Management, The Register, Digital Trends, Agence France-Presse, SiliconANGLE, Axios, Bloomberg, iTnews, The Hill, NPR, TheStreet, Slashdot, Mercury News, and AppleInsider. Tweets: @pernillet
| The Economic Times: |
Fashinza, a B2B marketplace for apparel manufacturing, raises $20M Series A from Accel, Elevation Capital, and others — B2B manufacturing marketplace Fashinza on Monday said it has raised $20 million (about Rs 148.6 crore) in funding from investors, including Accel Partners, Elevation Capital and actress Sonam Kapoor Ahuja.
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Entrackr, VCCircle, Tech in Asia, YourStory.com, and Forbes India
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