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May 24, 2021, 12:10 PM
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| Nick Statt / Protocol: |
As Apple and Epic make their closing arguments, a look back at the judge's pointed questioning of Cook on Friday that touched on App Store's lack of competition — Judge Yvonne Gonzalez Rogers, who is presiding over the Epic v. Apple antitrust trial, saved her best for last.
More:
Wall Street Journal, The Verge, Fortune, RCR Wireless News, and CNET
| Heather Somerville / Wall Street Journal: |
Study: among 44 tech startups that completed a SPAC deal from the start of 2020 through April 2021, their share prices had fallen 12.6% on average by May 17 — Entrepreneurs are increasingly wary about the money-raising tool after watching peers' stocks slide and investors balk
More:
Silicon Valley Business … and PYMNTS.com
Tweets: @wsj, @julianklymochko, @laurenshirsch, @mayazi, @gunjanjs, and @m_delamerced
| Times of India: |
Two Twitter offices in India are raided by Dehli police, after demanding Twitter explain why a “manipulated media” tag was given to a BJP spokesperson's tweet — - Tribunals are in pathetic condition, make appointments in without specifying tenure: SC to Centre
More:
The Economic Times and TechCrunch
Tweets: @timesofindia, @shashj, @theprintindia, and @caseynewton
| Manish Singh / TechCrunch: |
Indian startup Zeta, which helps banks launch fintech products, raises $250M Series C led by SoftBank Vision Fund 2 at a valuation of $1.45B — Zeta, a startup that helps banks and fintech firms launch products, is the newest to attain the coveted unicorn status after closing a new financing round.| John McCormick / Wall Street Journal: |
How Pinterest's neural network curates pins for users, pairing them with tailored ads on their search results, drawing 480M people to the site in Q1, up 30% YoY — Using neural networks, the site is able to find images—and ads—that will catch the consumer's eye
Tweets: @glenngabe and @psb_dc
| Wall Street Journal: |
Ethiopia picks a consortium backed with US foreign aid and led by Vodafone over a China-backed group to build a multi-billion dollar 5G-capable network — A U.S.-backed consortium beat a Chinese-backed one for a multibillion-dollar contract to build Ethiopia's 5G-capable network| Ken Norton / Bring the Donuts Newsletter: |
Q&A with Michael Siliski, a business lead at Stripe, on product culture, how written long-form documents facilitate the flow of information at Stripe, and more — Go deep, move fast, and build multi-decade abstractions — This is the next part of my ongoing series about product culture.
More:
Protocol. Tweets: @aneel, @patrickc, @quamen, @amix3k, @david_perell, @paulg, @sarthakgh, and @carnage4life
| Zack Whittaker / TechCrunch: |
Source: 100+ US municipalities have bought surveillance systems made by Chinese companies Hikvision and Dahua, which the US has linked to human rights abuses — Hikvision and Dahua supplied Beijing with technology it used to surveil ethnic groups — At least a hundred U.S. counties …
Tweets: @zackwhittaker and @zackwhittaker
| Sneha Shah / The Economic Times: |
PitchBook: Indian startups raised $7.8B from Jan. to Apr 2021, ~70% of $12.1B raised in 2020; average funding size is $25.21M in 2021, up from $14.94M in 2020 — Startup funding party continues amid second wave of Covid-19 — Risk investors continue to pump in record funds … | Sarah Perez / TechCrunch: |
Sensor Tower makes its first acquisition with deal for market intelligence company, Pathmatics, and gets a growth investment from Riverwood Capital — Mobile app market intelligence firm Sensor Tower has made its first acquisition. The company this morning announced it's acquiring Pathmatics …
More:
GamesIndustry.biz and Crunchbase News
| Zheping Huang / Bloomberg: |
Kuaishou, ByteDance's main rival, reports Q1 revenue of $2.65B, up 37% YoY, and a net loss of $8.9B, as it delved deeper into online commerce and advertising — - Advertising and e-commerce helped juice quarterly revenue — Kuaishou offers investors a taste of China's hot video market
More:
PR Newswire and Tech in Asia
| Ingrid Lunden / TechCrunch: |
Invoca, which provides call tracking and conversational analytics services, buys DialogTech, which helps marketers analyze inbound calls, source says for $100M — On the heels of expanding its marketing call analytics platform last year to provide more insights to help those in sales … Thanks:@dstickler_01
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