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March 5, 2021, 6:00 PM
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| Cecilia Kang / New York Times: |
Tim Wu, an outspoken critic of Big Tech, is joining the National Economic Council as a special assistant to President Biden for tech and competition policy — Tim Wu's appointment to the National Economic Council would signal a confrontational approach by the Biden administration.
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Gizmodo, Financial Times, The Verge, Fortune, AppleInsider, iMore, CNET, CNBC, Slashdot, 9to5Mac, Wall Street Journal, and Reuters
Tweets: @superwuster, @shannoncoulter, @slpng_giants, @newrepublic, @adamnash, @ceciliakang, @davepell, @albertwenger, @ceciliakang, @davidgura, @dhh, @genebsperling, @ceciliakang, @banditelli, @profgalloway, @jamesgleick, @jenny8lee, @proferictalley, @ddayen, @digiphile, @mcwellons, @benjysarlin, @ceciliakang, @jameeljaffer, @dhh, @lessig, @emmalbriant, @nancyscola, @jamesfallows, @99legalproblems, @vijayshekhar, @marietjeschaake, @florianederer, and @ceciliakang
| Adam Klasfeld / Law & Crime: |
US indicts John McAfee for fraud and money laundering over an alleged $13M cryptocurrency “pump-and-dump” scheme — Antivirus software mogul John McAfee, who has been awaiting extradition from Spain on tax evasion charges since late last year, just had his legal woes compounded … | Brian Krebs / Krebs on Security: |
Sources: at least 30K US organizations have been hacked by an aggressive Chinese espionage group exploiting unpatched flaws in Microsoft's Exchange Server — At least 30,000 organizations across the United States — including a significant number of small businesses, towns …
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FireEye, Seattle Business Journal, Microsoft Security …, MSPoweruser, Wired, WeLiveSecurity, CyberScoop, and ZDNet
Tweets: @briankrebs, @fireeye, @mandiant, @danlinden, @briankrebs, @malwaretechblog, @kimzetter, @briankrebs, @brianmfloyd, @campuscodi, and @iamshley_a
| Wall Street Journal: |
Sources: India threatened to jail Facebook, WhatsApp, and Twitter employees if the companies don't comply with takedown requests related to farmer protests — Country flexes new powers over big platforms while companies are counting on world's second-largest population for growth
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Insider and 9to5Mac
Tweets: @jeffhorwitz, @tanvi_madan, @eliotwb, @ahmermkhan, @sushantsin, and @rmac18
| Kevin Reynolds / CoinDesk: |
Bitcoin mining startup Bitfury merges with a SPAC to create a US-based company called Cipher Mining, raising $595M at a valuation of $2B — The mining SPAC has an expected value of $2 billion. — Cipher Mining Technologies, a newly formed U.S.-based bitcoin mining operation formed … | Jon Porter / The Verge: |
Leaked interface shows that Twitter's “undo send” feature may be a button that also doubles as a progress bar showing how much time a user has to undo — A work-in-progress interface has been unearthed — A potential animation for Twitter's long-rumored “undo send” …
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Engadget, Gizmodo, CNN, Reuters, Pocket-lint, TechRadar, t3.com, PCMag, iDownloadBlog.com, Mashable, Trusted Reviews, iPhone Hacks, Android Headlines, SlashGear, Gizchina, KnowTechie, Android Police, iPhone in Canada Blog, Windows Central, MSPoweruser, Android Central, MacRumors, iMore, Firstpost Tech, Social Media Today, Pocketnow, and MUO
| New York Times: |
Research: low-wage workers at businesses in the areas where Amazon operates have seen significant wage growth since the company raised minimum pay to $15/hour — New research suggests that when big companies increase wages, they drive up pay in the places where they operate — without a notable loss in jobs.
Tweets: @amazonnews, @equitablegrowth, @bencasselman, @joshchafetz, @pekingmike, and @bigblackjacobin
| Sujeong Lim / Counterpoint Research: |
Global smartwatch shipments rose 1.5% YoY in 2020, with Apple Watch shipments up 19% YoY, Huawei's up 26% YoY, and Fitbit shipments down 4% YoY — - In Q4 2020, the shipments decreased slightly YoY due to a fresh wave of COVID-19. — However, Apple managed to expand its market share and remains firmly at the forefront.| Benjamin Pimentel / Protocol: |
With Tidal, Square may give artists more control over the revenue streams they create, offer advances, royalty processing, and more traditional label services — It was a big week for Jack Dorsey, who started by turning heads in Wall Street, and then went Hollywood with an unexpected music-streaming deal.| Katherine Rosman / New York Times: |
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Vox, Reuters, coinspeaker.com, Cointelegraph, The Verge, and Billboard
Tweets: @jack, @jack, @jack, @jack, @lucas_shaw, @pkafka, @future_of_music, @jack, @apompliano, @jack, @loganbartlett, @backlon, @laurengoode, @jkaraian, @jess, @boo, @sowmyak, @basgras, @jstn, @profjeffjarviss, @jack, @adamsinger, @wongmjane, @jack, @jack, @mengxilu, @profgalloway, @cheriehu42, @brandonstosuy, @ayosogunro, @film_girl, @film_girl, @caseynewton, @pkafka, @yoda, @stedavies, @producthunt, @pkafka, @pkafka, @delrey, @willoremus, @reckless, @scottbelsky, and @dada_drummer
| Robert Hackett / Fortune: |
Eco, a personal finance app that offers yields of 2.5% to 5% and cash-backs for shopping at Amazon, Uber, and Doordash, raises $26M led by a16z crypto — Our mission to make business better is fueled by readers like you. To enjoy unlimited access to our journalism, subscribe today.
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Andreessen Horowitz, Decrypt, and TechCrunch
Tweets: @rhhackett, @jamesbeshara, @andy_bromberg, @theryanford, @andy_bromberg, @ariannasimpson, @a16z, @katie_haun, and @andy_bromberg
| Mike Isaac / New York Times: |
Reddit hires Drew Vollero as its first chief financial officer to prepare the company for an eventual IPO — The addition of Drew Vollero, formerly of Mattel and Snap, is a move toward developing operations more like publicly traded social networks. — SAN FRANCISCO — The world's …
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Upvoted, CNN, Reuters, PYMNTS.com, Variety, Tubefilter, and Bloomberg
Tweets: @laurenshirsch, @stevebartlettsc, @mikeisaac, @annmarie, and @nytimestech
| Kate Clark / The Information: |
Pitchbook: the median pre-investment valuation for a Series A round in the US has increased sixfold to $37M since 2010 — Financial software developer Orum, which disclosed a seed round over the summer, wasn't seeking more capital when Bain Capital Ventures offered to lead its Series A investment last year.
Tweets: @theinformation, @amir, @randybias, @jessicalessin, and @kateclarktweets
| Joshua Franklin / Reuters: |
Sources: Instacart is considering going public through a direct listing, concerned that it could leave money on the table through a traditional IPO — (Reuters) - U.S. grocery delivery app Instacart is considering going public through a direct listing, concerned that it could leave money … | Bennett Cyphers / Electronic Frontier Foundation: |
Google's FLoC, which helps advertisers perform behavioral targeting, avoids privacy risks of 3rd-party cookies, but creates new privacy issues in the process — The third-party cookie is dying, and Google is trying to create its replacement. — No one should mourn the death of the cookie as we know it.
More:
The Register, Gizmodo, OneZero , Threatpost, Techdirt, and AdExchanger
Tweets: @airavn, @worqas, @dunglas, @gael_duval, @yegg, @carnage4life, and @glenngabe
| Wall Street Journal: |
Sources: digital imaging company Shutterfly has held talks to go public via SPAC at a valuation between $4B-$5B, including debt — Discussions come less than two years after Apollo took the online-photo-book company private — Shutterfly Inc. is in talks to go public through a merger …
More:
TechCrunch, San Francisco Business Journal, and Silicon Valley Business …
Tweets: @jhtscherck, @wsj, @danacimilluca, and @cararlombardo
| Ashley Carman / The Verge: |
Screenshots of a beta version of Fireside, Mark Cuban's podcasting app, suggest it will be a hybrid between Spotify's Anchor and Clubhouse — The app is in beta on iOS — Last month, The Verge broke news of Mark Cuban and Falon Fatemi's new app Fireside, which promises to deliver a … | Bloomberg: |
UK antitrust authorities say they plan to investigate Apple's App Store to probe whether it is abusing its market power to restrict competition — - CMA taking into account Apple's ‘dominant’ position in apps — Apple probe prompted by complaints from some developers
More:
GOV.UK, Laptop Mag, Gizchina, Game Rant, Wccftech, Gamasutra, PC Gamer, ZDNet, and MSPoweruser
Tweets: @appfairness, @benedictevans, @benedictevans, @richardhavell, @dhh, @fosspatents, @dhh, and @geradinlaw
| Javier Espinoza / Financial Times: |
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Reuters, Reuters, Trusted Reviews, Bloomberg, Telecoms.com, Light Reading, iPhone in Canada Blog, Platformer, The Register, MacStories, The Overspill, and Firstpost Tech
Tweets: @senwarren, @vilile, @benedictevans, @benedictevans, @binarybits, @lanceulanoff, @fosspatents, @dhh, @dhh, and @javierespft
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