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February 25, 2021, 12:15 PM
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Top News

Alex Leary / Wall Street Journal:
Biden signs an EO mandating a 100-day review of supply chains, including for semiconductors and rare-earth metals, amid chip shortages  —  The president signed an executive order with the aim of eventually increasing domestic production of critical materials
Manish Singh / TechCrunch:
India issues tougher rules for tech firms and streaming services like Facebook, Twitter, WhatsApp, and Netflix over resolving user complaints and more  —  India announced sweeping rules to regulate social media firms, streaming services, and digital news outlets, joining a handful of other nations …
Daniel Van Boom / CNET:
Australia passes news bargaining code that requires Facebook, Google, and other digital platforms pay local media outlets and publishers for their content  —  Australia on Wednesday passed a new media law that had generated noisy pushback from internet giants Google and Facebook …
Richard Lawler / Engadget:
ViacomCBS says Paramount+ will cost $5/month with ads and $10/month without ads; the ad tier will be available in June while the ad-free tier starts on March 4  —  ViacomCBS has a ‘mountain of content’ on the way to streaming, including a ‘Halo’ series and ‘Beavis and Butthead.’
Jeff John Roberts / Decrypt:
Coinbase files its S-1, reveals profit of $322M in 2020 on $1.2B in revenue, up from a loss of $30M in 2019 on $533M in revenue  —  The recent Bitcoin bull run helped Coinbase pull in a profit of $322 million on revenues of over $1.2 billion in 2020, putting the cryptocurrency giant …
Megan Graham / CNBC:
Facebook launches a TV, radio, and digital ad campaign in support of personalized ads called Good Ideas Deserve to be Found, ahead of Apple's IDFA changes  —  - Facebook is launching a new ad campaign called “Good Ideas Deserve to be Found,” which makes a case for personalized advertising.
Katie Roof / Bloomberg:
BetterUp, which helps clients provide employees with career coaches and mental health counseling, raises $125M Series D at a $1.73B valuation  —  - $125 million Series D funding round led by Iconiq Growth  — BetterUp offers coaching, counseling as well as mentorship
More: Reuters
Sean Hollister / The Verge:
Tech retailer Fry's Electronics announces it will cease operations effective immediately, blaming industry changes and the pandemic  —  Your best buys are no longer at Fry's, guaranteed  —  Fry's Electronics, one of the last big brick-and-mortar electronics store chains in the United States …
Yogita Khatri / The Block:
Sorare, an ethereum-powered marketplace for creating and trading football NFTs, raises $50M Series A led by Benchmark  —  Quick Take  — NFT marketplace Sorare has raised $50 million in Series A.  — The round was led by Benchmark, with participation from Accel, Reddit co-founder Alexis Ohanian …
Lauren Kaori Gurley / VICE:
Amazon is sending postal mail to warehouse workers in Bessemer, Alabama urging them to “VOTE NO” on unionization, and has also pushed anti-union ads on Twitch  —  A mysterious new USPS mailbox has appeared on Amazon property amid a historic union drive in Bessemer, Alabama.
Kyle Wiggers / VentureBeat:
Otter.ai, which offers an AI-based transcription service, raises $50M Series B, including $10M in convertible notes, led by Spectrum Equity  —  AI transcription startup Otter.ai today announced it has raised $50 million in a series B round that includes $10 million in convertible notes and was led by Spectrum Equity.
More: TechCrunch
Stephanie Condon / ZDNet:
Nvidia beats with Q4 revenue of $5B vs. $4.8B expected, up 61% YoY, data center revenue of $1.9B, up 97% YoY, and gaming revenue of $2.5B, up 67% YoY  —  The GPU maker beat Q4 market expectations with record sales in its two key areas of business.  —  Nvidia on Wednesday published fourth …
Robin Wauters / Tech.eu:
Payments startup Klarna reports 2020 results: operating income rose 40% YoY to $1B, net loss widens to $167M; 18M app MAUs and 87M shoppers used its services  —  Klarna, the Swedish payments company that was Europe's most valuable private fintech firm until Checkout.com overtook it late last year …
More: Klarna
Kyle Wiggers / VentureBeat:
Armorblox, which protects enterprise communications using AI, raises $30M Series B led by Next47, bringing its total raised to $46.5M  —  Armorblox, a cybersecurity startup using natural language understanding to protect enterprise communications, today announced that it raised $30 million in series B venture capital funding.
Yogita Khatri / The Block:
Crypto startup Anchorage, which recently became the first federally chartered digital asset bank, raises $80M Series C led by GIC  —  Cryptocurrency custodian and banking company Anchorage announced Thursday that it raised $80 million in a Series C funding round.
More: CoinDesk
Bloomberg:
FCC says Verizon spent the most during its 5G licenses auction, bidding $45.5B, followed by AT&T with $23.4B, and T-Mobile with $9.3B  —  - AT&T is second at $23 billion in bids, followed by T-Mobile  — FCC releases results of so-called C-band airwaves sale
Anthony Ha / TechCrunch:
Stockholm-based Memmo.me, which allows users to pay celebrities for personalized video messages, raises $10M Series A  —  Memmo.me, a startup allowing users to pay celebrities for personalized video messages, is announcing that it has raised $10 million in Series A funding.
Cherlynn Low / Engadget:
Microsoft announces industry cloud packages for financial services, available in March, and for manufacturing and nonprofits, available in June  —  new Industry Cloud service with a suite of tools for the healthcare sector last year and unveiling a Retail-specific version in January, Microsoft is ready to introduce more areas of focus.
Rafael Frankel / About Facebook:
Facebook says it is banning all Myanmar military and military-controlled entities from Facebook and Instagram, and ads from military-linked commercial entities  —  Myanmar military banned from Facebook and Instagram with immediate effect.  —  Today, we are banning the remaining Myanmar military …

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This is a Techmeme archive page. It shows how the site appeared at 12:15 PM ET, February 25, 2021.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Daniel Thomas / Financial Times:
James Harding says the Tortoise-Observer deal could create a profitable media group and there isn't a guaranteed future for the Observer with the Guardian

Alex Sherman / CNBC:
Analyzing Comcast's spinoff of cable networks, purposefully structured with low debt: the move might be a signal to the industry that it's time to consolidate

Brian Steinberg / Variety:
Sources: Comcast execs told staff that MSNBC may have to change its identity as part of the spinoff, including losing access to NBC News' newsgathering process

More News

Maggie Fitzgerald / CNBC:
GameStop shares closed up nearly 104% on Wednesday, halting twice for volatility; GameStop said on Tuesday its CFO will resign
Michael McSweeney / The Block:
Optimism, which plans to help scale the Ethereum blockchain with a Layer 2 protocol, raises $25M Series A led by Andreessen Horowitz

Earlier Picks

Mitchell Clark / The Verge:
iRobot, which makes Roomba vacuums, says a software update to fix issues with i7 and s9 models will take several weeks, after users reported them acting “drunk”
Frederic Lardinois / TechCrunch:
Google Cloud unveils Autopilot, an operating mode for its Kubernetes Engine that turns over management of its clusters to Google's engineers and automated tools
Tim Anderson / The Register:
Google says it has been sponsoring two full-time Linux developers at the Linux Foundation for years to improve security and hopes other companies will follow
Taylor Lyles / The Verge:
HP says it is acquiring gaming peripheral company HyperX for $425M, giving the company a major foothold in the gaming accessory market
Todd Spangler / Variety:
YouTube to roll out a “supervised” account option in beta in the coming months in more than 80 countries, aimed at kids that are too old for YouTube Kids
Sean Hollister / The Verge:
California's 2018 net neutrality law, SB 822, can go into effect after a California judge declined to grant the telecom industry a preliminary injunction
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