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March 30, 2021, 1:35 PM
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Anna Irrera / Reuters:
PayPal says it has started letting US customers use cryptocurrency holdings to pay all 29M of its online merchants globally  —  LONDON (Reuters) - PayPal Holdings Inc will announce later on Tuesday that it has started allowing U.S. consumers to use their cryptocurrency holdings to pay …
Noor Zainab Hussain / Reuters:
Visa says it will allow the use of cryptocurrency USD Coin to settle transactions on its payment network and has launched a pilot program with Crypto.com
Jay Peters / The Verge:
Google announces upgrades to Maps, including indoor AR directions, a new directions interface with eco-friendly driving routes, and new weather map layers  —  Indoor AR directions, a new directions interface, and more  —  Google is announcing a bunch of new features planned for Google Maps …
Sara Fischer / Axios:
Spotify buys app developer Betty Labs, creator of Locker Room, a live social audio app where fans can talk about sports, which Spotify plans on expanding  —  The acquisition will allow creators of all kinds to host anything from debates to live concerts.
Hamish McKenzie / Substack Blog:
Substack raises $65M Series B led by Andreessen Horowitz  —  When we started Substack to build an alternative media economy that unlocks the full potential of the internet and gives more power to writers and readers, we didn't know if the model would work.  A lot of people told us that no one would pay for newsletters.
Axios:
Sources: Substack's latest round values the company at around $650M
Chance Miller / 9to5Mac:
Apple announces a virtual WWDC 2021 from June 7 to June 11, where iOS 15, macOS 12, watchOS 8, and more are expected  —  Apple has officially announced WWDC 2021.  This year, the conference will take place completely virtually starting June 7.  This marks the second year in a row that Apple …
Ingrid Lunden / TechCrunch:
LinkedIn adds Creator mode for influencers, launches video Cover Stories, and extends free career training tools in partnership with Microsoft  —  LinkedIn, the social network now with 740 million users around the world, has carved out an identity for itself as the place online where professionals …
Ben Gilbert / Insider:
Newly created Twitter accounts labeled as Amazon employees are defending the company amid a union drive; Amazon admitted in 2018 to paying for similar tweets  —  - Amazon's paid army of employee Twitter users is at it again, this time criticizing unionization.
Sebastian Pellejero / Wall Street Journal:
Dapper Labs, maker of NFT-focused NBA Top Shot, raises $305M, sources say at $2.6B valuation; investors include several pro athletes including Michael Jordan  —  Dapper Labs draws investors that include basketball legends Michael Jordan and Kevin Durant, seeking to cash in on the digital-collectibles craze
Sam Byford / The Verge:
Xiaomi announces Mi Mix Fold, its first folding phone, with an 8.01-inch 4:3 OLED display, Snapdragon 888, 5,020mAh battery, and four Harman Kardon speakers  —  The Mi Mix series returns  —  Xiaomi has resurrected its Mi Mix series with the Mi Mix Fold, the company's first commercial folding phone.
Tim Hardwick / MacRumors:
Epic Games says it has filed a complaint in support of UK antitrust watchdog's ongoing investigation into Apple's alleged anti-competitive behavior  —  Epic Games today said it had filed a complaint to the UK's antitrust watchdog in support of the government department's ongoing investigation …
Yogita Khatri / The Block:
Ripple says it is acquiring a 40% stake in Asian cross-border payments company Tranglo  —  Crypto firm Ripple has agreed to acquire a 40% stake in Asian payments specialist Tranglo.  The transaction is subject to regulatory approvals is expected to occur sometime this year.
Debby Wu / Bloomberg:
Foxconn reports Q4 profit of $1.61B, down 4% YoY, revenue of $70B, up 15% YoY, mainly from consumer electronics, including smartphones  —  - Profit fell nearly 4% despite contributions from new iPhones  — Company says impact of parts shortages will be limited
Dan Seifert / The Verge:
Google Nest Hub (2nd-gen) review: easy and reliable sleep tracking, improved speaker, excellent Google Photos photo frame, but too slow for everything else  —  The new Nest Hub is just as good at being a digital photo frame as before, but it's slow for everything else
Sarah E. Needleman / Wall Street Journal:
Cameo, which now has 40,000 personalities, raises $100M from Vision Fund 2 and others at a $1B+ valuation, up from $300M in 2019  —  The four-year-old video platform features more than 40,000 personalities but faces increased competition, potentially from Facebook
Katie Roof / Bloomberg:
Enterprise data storage startup Cohesity announces an employee share tender offer totaling $145M, valuing the company at $3.7B, up from $2.5B last year  —  - Data management business launches $145 million tender offer  — SoftBank Vision Fund doubling down on Cohesity investment
David McLaughlin / Bloomberg:
FTC abandons its antitrust lawsuit against Qualcomm, says it won't seek a Supreme Court review of a 2020 federal appeals court decision that acquitted Qualcomm  —  - FTC declines to seek Supreme Court review of monopoly case  — Company was accused of abusing dominance in cell-phone chips
NBC News:
Filings: at least 37 charges have been filed by workers against Amazon to the NLRB since February 2020, up 3x from 2019 and 6x from 2018  —  The day after Jonathan Bailey organized a walkout over Covid-19 concerns at an Amazon warehouse in Queens, New York, he was, he said, “detained” …
Bloomberg:
Filing: Xiaomi will invest ~$10B over the next decade to manufacture electric cars, with an initial investment of $1.5B in smart vehicle manufacturing  —  - Chinese phone giant aims to outsource vehicle assembly  — Market booms as prices fall, consumers embrace cleaner cars
Dan Taylor / Tech.eu:
London-based Butter, a “buy now, pay later” financing service, raises £15.8M and says it has over 100,000 customers  —  London-based Buy Now Pay Later platform Butter has raised £15.8 million in a new round.  —  Led by BCI Finance, the credit arm …
More: FinSMEs

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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”

Mark Sweney / The Guardian:
National World, one of the UK's biggest newspaper groups, gets a £56.2M buyout offer from shareholder Media Concierge, a 40% premium to its Nov. 21 stock price

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

Earlier Picks

Todd Bishop / GeekWire:
T-Mobile will end its TVision live TV offerings, partner with Philo and YouTube TV, and make Google Messages the default messaging app for Android customers
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