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February 3, 2021, 2:40 PM
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| Jeff Bezos / About Amazon: |
In letter to employees, Bezos says his transition is not a retirement and he'll use his time to focus on the Day 1 Fund, Bezos Earth Fund, Blue Origin, and WaPo — Fellow Amazonians: — I'm excited to announce that this Q3 I'll transition to Executive Chair of the Amazon Board and Andy Jassy will become CEO.
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Washington Post, GeekWire, InfoWorld, USA Today, New York Times, TechCrunch, Business Insider, On my Om, Ars Technica, CNBC, Vox, OneZero , Reuters, Redmond Pie, Cloud Computing News, Financial Times, cloudpro.co.uk, MediaNama, Newser, coinspeaker.com, Telecoms.com, ComputerWeekly.com, Engadget, Silicon Canals, Wall Street Journal, Protocol, The Overspill, Associated Press, Politico, KnowTechie, NPR, The Economic Times, NBC News, Mashable, iTnews, and The Information
Tweets: @film_girl, @werner, @om, @missgallo, @voxdotcom, @iradhikagupta, @firstadopter, @robertcaruso, @danprimack, @bymikebaker, @apollozac, and @sdkstl
| Amazon Investor Relations: |
Amazon reports Q4 net sales of $125.6B, up 44% YoY, net income of $7.2B, up from $3.3B YoY, with full year net sales increasing to $386.1B, up 38% YoY — Founder and CEO Jeff Bezos will transition to role of Executive Chair in Q3, Andy Jassy to become Chief Executive Officer of Amazon at that time
| Brad Stone / Bloomberg: |
Jeff Bezos's surprise resignation feels natural and even inevitable; the walls of his highly compartmentalized empire have been crumbling for some time — Jeff Bezos has a formulation about one-way doors and two-way doors—decisions that are irreversible and permanent and those that can always be unwound.
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The Verge, New York Times, Tech Xplore, The Irish Times, CNBC, BBC, Data Driven Investor, Axios, and The Economic Times
Tweets: @business, @dylanbyers, @histoftech, @josh_wingrove, and @retogregori
| Ben Thompson / Stratechery: |
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The Verge, CNBC, and Business Insider
Tweets: @mathewi, @ntaylor963, @ahmed, @cagan, @dylanbyers, and @stratechery
| Robert McMillan / Wall Street Journal: |
SolarWinds CEO says hackers had breached the company's Office 365 email system for at least nine months starting December 2019 — Investigators still don't know how the company was breached in attack that will cost millions — The newly appointed chief executive of SolarWinds Corp …
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Axios, Reuters, Trustwave, CNET, The Hill, CyberScoop, Washington Post, Wired, OnMSFT.com, Dark Reading, BleepingComputer, CRN, The Hacker News, Forbes, SecurityWeek, infosecurity-magazine.com, SC Media, NBC News, Cybereason, and AppleInsider
Tweets: @hatr and @zachsdorfman
| Bloomberg: |
Report: Apple plans $3.6B investment in Kia, with a deal on Feb. 17, and aims to start making cars in Georgia, US in 2024, with initial target of 100K cars/year — - Local media report says deal may be signed later this month — Hyundai last month confirmed then backed away from Apple talks
Source:
gongA.com. More:
PCMag, Reuters, 9to5Mac, TechSpot, MacRumors, KnowTechie, iDownloadBlog.com, Light Reading, Mashable, Redmond Pie, MacDailyNews, TechRadar, BGR, iPhone in Canada Blog, MSPoweruser, Cult of Mac, MakeUseOf, Fortune, Tom's Guide, iMore, iPhone Hacks, Pocketnow, AppleInsider, SlashGear, and iMore
Tweets: @carnage4life, @sam_l_shead, @imkialikethecar, @mpelletiercio, @brianroemmele, and @twitandrewking
| Sara Fischer / Axios: |
TikTok will prompt users to seek credible information if they try to share videos flagged as misleading, and disincentivize creators from uploading such content — TikTok will begin asking users to seek credible information about a topic if they try to share a video that carries …
More:
TikTok, CNN, The Verge, Forbes, KnowTechie, Pocketnow, TechCrunch, and Silicon Republic
Tweets: @tiktokcomms and @sarafischer
| Chaim Gartenberg / The Verge: |
Google rolls out an update for Android TV with a refreshed UI that is similar to Google TV on Chromecast — A fresh look for Google's (other) smart TV software — Google is rolling out a new update for Android TV that gives its smart TV OS a fresh new look — one that's almost identical … | Sarah Perez / TechCrunch: |
Instagram confirms it is working on an early prototype of Vertical Instagram Stories, which are presented in a TikTok-like scrolling fashion — Instagram is developing a new feature that could give its app more of a TikTok-like feel: Vertical Instagram Stories.
More:
Instagram, 9to5Mac, Social Media Today, and phonearena.com
Tweets: @alex193a, @mattnavarra, and @justiacom
| Sam Byford / The Verge: |
Sony says it shipped 4.5M PlayStation 5 units worldwide in 2020, and reports revenue of $8.4B in Q3, up 40% YoY, operating profit of $763.3M, up 50% — A similar figure to the PS4 launch — Sony shipped 4.5 million PlayStation 5 units worldwide in 2020, as revealed by information published alongside …
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Engadget, VentureBeat, Tom's Hardware, Reuters, Laptop Mag, Nikkei Asia, CNET, TechSpot, Dot Esports, Kotaku, 9to5Toys, Wall Street Journal, PCMag, Financial Times, Thurrott, CNBC, TechPowerUp, and KnowTechie
Tweets: @tomwarren and @vikingsizegamer
| Paul Sawers / VentureBeat: |
Box says it has acquired Dutch cloud-based e-signature startup SignRequest for $55M and plans to launch Box Sign in summer 2021 — Cloud storage and collaboration giant Box has announced plans to acquire SignRequest, a cloud-based electronic signature (e-signature) startup based in the Netherlands, in a deal worth $55 million.| BuzzFeed News: |
Facebook says it will try to protect posts that criticized Myanmar's military and its coup and will remove content that praises or supports the coup — After failing to stem the hate speech and misinformation that fueled a genocide in Myanmar, Facebook now says it plans …
More:
Wall Street Journal and The Verge
| Bloomberg: |
Sources: Jack Ma's Ant Group has reached an agreement with Chinese regulators to turn Ant into a financial holding company, subject to bank capital requirements — - Ma's fintech giant will become a financial holding company — Ant is still exploring a potential IPO, but timeline unclear
More:
CoinDesk, PYMNTS.com, Financial Times, Cointelegraph, Wall Street Journal, and Tech in Asia
Tweets: @luluyilun and @glennluk
| Anne Steele / Wall Street Journal: |
Spotify reports Q4 results: 345M MAUs, up 27% YoY, as paying subscribers grew to 155M, up 24% YoY, topping expectations; revenue was up 17% YoY to €2.17B — But streaming giant offers conservative outlook for the current year as new sign-ups could ebb
More:
Spotify, The Verge, Business Wire, RAIN News, phonearena.com, TechSpot, Axios, 9to5Mac, Variety, Bloomberg, Deadline, and Engadget
Tweets: @kerrymflynn and @dylanbyers
| Paul Sawers / VentureBeat: |
Google and its partner SubCom say the Dunant subsea cable between US and France is now operational; the 4,000-mile cable can carry 250 terabits/second — Google's second fully privately owned subsea cable is now open for business. The announcement comes shortly after the company recorded …
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TechCrunch, Google Cloud Blog, ZDNet, and Slashdot
| Darrell Etherington / TechCrunch: |
Wine recommendation and marketplace app Vivino raises $155M Series D led by Sweden's Kinnevik, bringing its total raised to $221M, and says it now has 50M users — If you're at all interested in wine, chances are you've turned to Vivino at least a few times for recommendations.
More:
FinSMEs, The Spoon, StreetInsider.com, PYMNTS.com, and Bloomberg
| Jesse Pound / CNBC: |
GameStop's shares closed for the day at $90 on Feb. 2, down from a peak of $483 last week, as other Reddit-fueled stock trades like AMC suffer similar reversals — - Shares of GameStop skidded further before Tuesday's opening bell, with shares of the volatile retail-trader favorite sliding more than 40% …
More:
Washington Post, Bloomberg, CoinDesk, New York Times, CBS News, The Verge, and CNN
| Bloomberg: |
Online payments service Payoneer, which counts Airbnb and Amazon as clients, agrees to go public via SPAC at a $3.3B valuation — - Payment firm used by Airbnb, Amazon to merge with FTAC Olympus — Company is profitable, expects $432 million in revenue in 2021
More:
Globes Online, Reuters, Business Insider, MarketWatch, PYMNTS.com, and Finextra
| Kris Holt / Engadget: |
Facebook rolls out Messenger for Oculus Quest, as well as App Lab, letting developers distribute apps outside the Oculus Store without needing to sideload — Facebook is continuing to stitch its services more closely together — it's now rolling out Messenger on Oculus.
More:
Oculus Blog, Messenger News, Road to VR, Tom's Guide, KnowTechie, The Verge, TechCrunch, SlashGear, Ubergizmo, and MakeUseOf
Tweets: @oculus, @jeffbulljr, @diegomendes, @lucid00, @visigoth, @creationsdb, @vr_sam, @id_aa_carmack, and @jacobrossi
| Anthony Ha / TechCrunch: |
Online grocery delivery service Good Eggs raises $100M led by Glade Brook Capital Partners — Grocery delivery startup Good Eggs is announcing that it has raised $100 million in new funding, and that it's planning to launch in Southern California in either the summer or fall of this year.
More:
San Francisco Business Journal, GlobeNewswire, and BloombergQuint
Tweets: @autumncapital, @mattrosoff, and @foodtechconnect
| Kyle Wiggers / VentureBeat: |
Rescale, which offers “infrastructure-as-a-service” tools for scientific and engineering simulations, raises $50M Series C, bringing total raised to $100M+ — Rescale, a San Francisco, California-based startup developing a software platform and hardware infrastructure for scientific … | Paul Alcorn / Tom's Hardware: |
Report: in Q4 2020, Intel clawed back QoQ desktop PC and notebook CPU market share from AMD for the first time in 3 years amid AMD's ongoing supply chain issues — The Mercury Research CPU market share results are in for the fourth quarter of 2020, with the headline news being that Intel … | Natalia Drozdiak / Bloomberg: |
Biden's administration signals it is open to a deal on taxing US tech companies globally, after EU-Trump clashes, as OECD plans an agreement by summer — Hey all, it's Natalia. Tech giants including Alphabet Inc., Apple Inc. and Facebook Inc. could soon be hit with higher taxes around …
Tweets: @glynmoody and @economics
| Manish Singh / TechCrunch: |
India warns Twitter to comply with its order to block content related to a farmer protest and not “assume the role of a court and justify non-compliance” — India has issued a notice to Twitter, warning the American social firm to comply with New Delhi's order to block accounts …
More:
Wall Street Journal, Reuters, NDTV.com, Variety, and KnowTechie
Tweets: @meghavishwanath and @accessnow
| Reuters: |
Microsoft says it supports Australia's proposed new laws forcing Google and Facebook to pay for news content and it would be “willing to live by these rules” — (Reuters) - Microsoft Corp said on Wednesday it fully supported proposed new laws in Australia that would force internet giants Google … | Jay Greene / Washington Post: |
As Alabama warehouse workers prepare to vote on unionization, Amazon is sending workers 5 texts/day and putting flyers in bathrooms urging them not to unionize — The stakes couldn't be higher for the e-commerce giant, which is fighting the biggest labor battle in its history on U.S. soil
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Bloomberg, The Guardian, Business Insider, Fortune, NPR, and Vox
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