Techmeme
June 29, 2021, 9:10 AM

Top News

Salvador Rodriguez / CNBC:
US district court dismisses FTC's antitrust complaint against Facebook, saying its definition of market dominance was insufficient, but will let FTC refile it  —  - A federal court on Monday dismissed the Federal Trade Commission's antitrust complaint against Facebook.
More: US District Court for the District of Columbia, New York Times, Reuters, The Register, Wall Street Journal, Bloomberg, Politico, PCMag, Protocol, Gizmodo, The Verge, CNET, Insider, Axios, Bloomberg, New York Times, GamesIndustry.biz, Android Headlines, Washington Post, Financial Times, iTnews, Pixel Envy, ZDNet, Coinspeaker, TGDaily, The Overspill, Tech Xplore, phonearena.com, Politico, Android Central, Insider, Forbes, Cmte Judiciary (D) …, Vox, BBC, Near Media, PYMNTS.com, USA Today, Mashable, The Guardian, NPR, Input, PYMNTS.com, Telegraph, Shacknews, Barron's Online, NBC News, Associated Press, Sputnik News, theepochtimes.com, The Daily Caller, CNN, Slashdot, TechCrunch, Newser, Protocol, MSPoweruser, Variety, Los Angeles Times, New York Post, UploadVR, San Francisco Business Journal, and The Daily Dot
Salvador Rodriguez / CNBC:
On Monday, Facebook's stock rose 4.2%, closing at $355.64, giving Facebook a $1T market cap for the first time, the fifth US company to hit the milestone  —  - Facebook has hit $1 trillion in market capitalization.  — Facebook stock spiked nearly 5% in late-day trading aided …
Scott Rosenberg / Axios:
Cameron Faulkner / The Verge:
Microsoft rolls out its Xbox Cloud Gaming service via browser to PCs, iPhones, and iPads across 22 countries for Xbox Game Pass Ultimate members  —  No Xbox necessary  —  Microsoft's xCloud, the cloud game streaming component of Xbox Game Pass Ultimate that doesn't require a console to use …
Bloomberg:
Worldcoin, a cryptocurrency co-founded by Sam Altman, launches with $25M from a16z and others and plans to develop an orb-shaped device to scan human eyeballs  —  Sam Altman has a new startup that intends to give a special type of cryptocurrency to every person on earth.  But first, it wants to scan everybody's eyeballs.
TechCrunch:
Duolingo files for US IPO, reveals revenue growth of 129% YoY in 2020, and reports $55.4M in revenue during Q1 2021  —  The edtech unicorn reveals 129% 2020 revenue growth  —  Duolingo, a Pittsburgh-based language learning business last valued at $2.4 billion, has officially filed to go public.
Jason Gurwin / The Streamable:
YouTube TV gets a 4K Plus add-on package with downloads, 4K, and unlimited streams for $20 more per month; 5.1 Dolby surround sound coming to all subs for free  —  YouTube TV has officially announced their new premium add-on which includes 4K streaming, the ability to download shows offline …
Mitchell Clark / The Verge:
Snapchat says it has fixed the issue causing its iOS app to crash for some users, asks users to manually update the app if they are still facing any problem  —  The app was crashing on launch  —  If you've been experiencing the bug where the iOS version of Snapchat crashes at launch …
World Health Organization: WHO:
WHO publishes its first global report on AI in health care, a 2-year effort, with six guiding principles for its design and use, like protecting human autonomy  —  Growing use of AI for health presents governments, providers, and communities with opportunities and challenges
Lucas Matney / TechCrunch:
Discord acquires augmented reality startup Ubiquity6, which had raised $37.5M and recently pivoted to become a collaborative service for simple online games  —  After raising tens of millions from investors and executing a pretty substantial pivot earlier this year, augmented reality startup Ubiquity6 …
Mary Ann Azevedo / TechCrunch:
Accel announces fifteenth early-stage US fund at $650M, seventh early-stage European and Israeli fund at $650M, and sixth global growth stage fund at $1.75B  —  Accel announced Tuesday the close of three new funds totaling $3.05 billion, money that it will be using to back early-stage startups …
More: CTech and Reuters
Sarah Perez / TechCrunch:
Sensor Tower: global consumer mobile app spending hit $64.9B in H1 2021, a record and up 24.8% YoY; install growth slowed to 1.7% overall, declined 10.9% on iOS  —  Consumer spending in mobile apps hit a record $64.9 billion during the first half of 2021, according to preliminary data from app store intelligence firm Sensor Tower.
Natasha Mascarenhas / TechCrunch:
2U, which provides degree programs for top US universities, acquires edX, a nonprofit hosting 3K courses led by 15,000 instructors, for $800M in cash  —  2U, a SaaS platform that helps non-profits and colleges run online universities, plans to acquire all the assets of Harvard and MIT-founded edX …
Thanks:@nmasc_
CNN:
Sources: Facebook to roll out its newsletter product, called Bulletin, on Tuesday, and has recruited dozens of writers across categories like sports and finance  —  You heard it here first: Facebook is rolling out its new newsletter product, called Bulletin, on Tuesday, according to sources involved with the initiative.

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