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March 5, 2021, 7:40 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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Newcomer, The Verge, Gizmodo, Financial Times, Fortune, AppleInsider, iMore, CNET, CNBC, Slashdot, 9to5Mac, Wall Street Journal, NBC News, and The Hill
Tweets: @superwuster, @ceciliakang, @shannoncoulter, @slpng_giants, @ceciliakang, @davidgura, @albertwenger, @dhh, @genebsperling, @ceciliakang, @newrepublic, @banditelli, @profgalloway, @jamesgleick, @jenny8lee, @proferictalley, @ddayen, @digiphile, @mcwellons, @benjysarlin, @davepell, @adamnash, @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 …
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U.S. Department of Justice, Reuters, Reuters, The Verge, CFTC, PCMag, Decrypt, CNN, BleepingComputer, BBC, The Record, PC Gamer, Associated Press, news.com.au, TechSpot, Gizmodo, Bloomberg, WRAL TechWire, Insider, and New York Post
Tweets: @jsrailton, @harrymccracken, @klasfeldreports, @kevincollier, @adamsinger, @armano, @edzitron, @mikeharrisny, @crypto, @axios, @malwaretechblog, @katiephang, @cftc, @rmac18, @katie_martin_fx, @johncassidy, @campuscodi, @lopezlinette, @sethr, @mollyjongfast, @dirkschwenk, @joshdcaplan, and @gizmodo
| 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, CNET, Wired, CRN, Bloomberg, Silicon Valley Business …, Microsoft Security …, The Hill, MSPoweruser, WeLiveSecurity, CyberScoop, and ZDNet
Tweets: @briankrebs, @fireeye, @mandiant, @danlinden, @briankrebs, @malwaretechblog, @briankrebs, @kimzetter, @brianmfloyd, @campuscodi, and @iamshley_a
| 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 … | 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, @saurabhtodi, @tanvi_madan, @eliotwb, @ahmermkhan, @sushantsin, and @rmac18
| Jon Porter / The Verge: |
Leaked interface shows that Twitter is testing an “undo send” feature which may be a button that doubles as a progress bar — A work-in-progress interface has been unearthed — A potential animation for Twitter's long-rumored “undo send” feature has been discovered …
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Engadget, Gizmodo, Reuters, CNN, iMore, PCMag, iDownloadBlog.com, Trusted Reviews, Pocket-lint, iPhone Hacks, Android Headlines, SlashGear, Gizchina, KnowTechie, TechRadar, iPhone in Canada Blog, Android Central, Mashable, Windows Central, t3.com, Android Police, MSPoweruser, MacRumors, iMore, Firstpost Tech, Social Media Today, Pocketnow, and MUO
| Robert Hackett / Fortune: |
Eco, a personal finance app that offers yields of 2.5% to 5% and cash back for shopping at Amazon, Uber, and DoorDash, raises $26M led by a16z crypto — Just over a decade ago, Uber cleverly combined existing technologies into an on-demand taxi service. Without a confluence …
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Andreessen Horowitz, Decrypt, and TechCrunch
Tweets: @rhhackett, @andy_bromberg, @theryanford, @andy_bromberg, @ariannasimpson, @a16z, @jamesbeshara, @katie_haun, and @andy_bromberg
| 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
| 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, Cointelegraph, coinspeaker.com, and The Verge
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
| 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 …
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TechCrunch, San Francisco Business Journal, and Silicon Valley Business …
Tweets: @jhtscherck, @wsj, @danacimilluca, and @cararlombardo
| 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.| Riley de León / CNBC: |
Online learning provider Coursera files its S-1, reports 2020 net losses widened to $66.8M, up 46% YoY, on revenue growth of $293.5M, up 59% YoY — - Coursera filed with the Securities and Exchange Commission to list on the New York Stock Exchange under the ticker symbol “COUR.”
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SEC, TechCrunch, Silicon Valley Business …, Crunchbase News, Reuters, Benzinga, MarketWatch, and Business Wire
Tweets: @cnbcdisruptors, @rileycnbc, and @thekenyeung
| 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
| 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 …
Tweets: @danbenjamin, @ashleyrcarman, and @martinsfp
| 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
| 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
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Forbes, 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, iPhone in Canada Blog, Light Reading, Telecoms.com, Bloomberg, 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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| Lily Hay Newman / Wired: |
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| Tom Warren / The Verge: |
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