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February 3, 2021, 3:30 PM
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Ben Thompson / Stratechery:
Jeff Bezos departs as perhaps the best CEO in tech history, having created three huge businesses: Amazon.com, AWS, and Amazon's marketplace/fulfillment services  —  It's the refunds that blow my mind.  —  You may be surprised to know that, despite the fact I live in Taiwan, I have an Amazon Prime account.
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.
CNBC:
Profile of AWS' CEO and Amazon's next CEO, Andy Jassy, whose success has been built on attracting a variety of customers to AWS, ranging from the CIA to Apple
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
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
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
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 …
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 …
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 …
Marc Andreessen / Andreessen Horowitz:
a16z names Sriram Krishnan as its newest GP, after roles at Facebook, Snap, Twitter; Krishnan has been consulting for nine months on an a16z “community project”  —  Welcome, Sriram Krishnan, our newest general partner, to Andreessen Horowitz!  —  Sriram is a well-known …
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 …
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 …
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.
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
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 …
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
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.
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 …
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.
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% …

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From Mediagazer

Caitlin Huston / The Hollywood Reporter:
Internal memo: Hearst Magazines president announces layoffs as part of a decision to “reallocate resources” to “continue our focus on digital innovation”

Jon Brodkin / Ars Technica:
FCC Chairwoman Jessica Rosenworcel announced she will leave the agency on January 20; she was the first woman to be confirmed to lead the agency

Lachlan Cartwright / The Ankler:
Sources: MSNBC renewed Rachel Maddow's contract early this fall, but with a pay cut; MSNBC bosses' plan to shake up daytime and weekend programming

More News

Matthew Ball / MatthewBall.vc:
Apple's iOS is inhibiting the growth of the future internet but regulators can remedy that by forcing Apple into competition in app distribution and payments

Earlier Picks

Jill Lepore / New Yorker:
Nations are engaging in a cyberweapons arms race, with agencies like the NSA prioritizing offensive capabilities over defense, fueling a lucrative 0-day market
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
Catalin Cimpanu / ZDNet:
A researcher has discovered that the recently disclosed Sudo vulnerability, which can be exploited to grant root access to any local user, also impacts macOS
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