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December 1, 2021, 9:10 PM
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| Kate Rooney / CNBC: |
Square is changing its name to Block, effective December 10, and renaming Square Crypto to Spiral, as its business shifts toward technologies like blockchain — - Payments giant Square will change its corporate name to Block, effective Dec. 10. — The move comes as Square expands beyond …
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Business Wire, TechCrunch, The Verge, The Hill, CoinDesk, PYMNTS.com, Protocol, The Information, iTnews, CNN, spiral.xyz, Blockworks, VICE, ZDNet, Wall Street Journal, AppleInsider, CNET, Engadget, Los Angeles Times, TheStreet, Decrypt, Decrypt, Finextra, Forbes, The Block, Crypto Briefing, Cointelegraph, and Wired
Tweets: @square, @blocks, @lorcanrk, @parismarx, @dcseifert, @scottmonty, @mmasnick, @maxthecomrade, @davidfrum, @gamoid, @gtinari, @jsnell, @kevinroose, @ron_miller, @cashapp, @mgsiegler, @antoniofrench, @harrymccracken, @marciadorsey, @ericnewcomer, @blocks, @sam_l_shead, @kr00ney, @tonyajoriley, @caseynewton, @billspacman, @spiralbtc, @anildash, @rmac18, @samro, and @levie
| Tom Warren / The Verge: |
Microsoft announces Teams Essentials, a standalone version of Teams for SMBs with a simplified UI, focus on meetings, and no Office apps for $4 per user/month — This standalone version of Teams is even more of a Zoom competitor — Microsoft is creating its first standalone version of Microsoft Teams for small businesses.
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Microsoft 365 Blog, Microsoft, TheStreet, GeekWire, CRN, The Register, Channel Futures, BetaNews, Protocol, Engadget, Digital Trends, TechCircle, OnMSFT.com, XDA Developers, MobileSyrup, Windows Central, ZDNet, and TechRadar
Tweets: @wallstcynic, @xparacha, and @microsoftteams
| CNBC: |
Meta expands the eligibility requirements for running crypto ads on Facebook and Instagram, will recognize 27 regulatory licenses from advertisers, up from 3 — - Facebook on Wednesday announced its decision to reverse long-standing policy that prevented most cryptocurrency companies from running ads on its services.
More:
Facebook, PYMNTS.com, Decrypt, Bloomberg, The Block, CoinDesk, Bitcoinist.com, Engadget, Social Media Today, Cointelegraph, and CryptoPotato
Tweets: @paul__armstrong, @aidanjlarkin, @raypaxful, @leconcurrential, and @mattnavarra
| Elizabeth Dwoskin / Washington Post: |
In its end-of-year threat report, Meta says it took down several global disinformation networks, including anti-vaccine groups and groups linked to state actors — The takedowns described in the company's latest threat report demonstrate how the cat-and-mouse game between Facebook and bad actors is escalating
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Meta, CNN, NPR, CNET, VICE, TIME, Engadget, and NBC News
Tweets: @ngleicher, @persily, @zhaoyinfeng, @seattletimes, @aurasalla, @samfbiddle, @benimmo, and @mmasnick
| Sarah Perez / TechCrunch: |
TikTok adds monetization tools for creators, including Stripe-powered Tips and Video Gifts, starting in the US, the UK, Germany, France, Italy, and Spain — TikTok is today introducing new ways for its creators to make money from their content. While already, the short-form video platform allowed creators …
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TikTok, TikTok Creator Portal, Social Media Today, PYMNTS.com, Silicon Republic, The Verge, Tubefilter, and Protocol
Tweets: @collision, @minney_cat, and @devmachette_
| Jay Peters / The Verge: |
Reddit announces real-time features, including live upvote, downvote, comment, and viewer counts, a typing indicator, and notifications for top-level comments — You'll see typing indicators, too — Reddit is introducing some big changes on Wednesday by adding new real-time features.
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Reddit Upvoted Blog, TechCrunch, TNW, Ars Technica, Social Media Today, iThinkDifferent, XDA Developers, Mashable, 9to5Mac, Protocol, and Engadget
Tweets: @jasoncosta, @reddit, and @martinsfp
| Kris Holt / Engadget: |
Twitter bans sharing private images and videos without consent, with exceptions for newsworthiness and public figures, and will remove content that users report — Twitter has expanded its private information policy to include media, banning users from sharing photos or videos of a private individual without their permission.
Source:
Twitter. More:
Washington Post, NPR, MUO, infosecurity-magazine.com, MediaNama, TechRadar, and cybernews.com
| Kevin McLaughlin / The Information: |
In an internal Slack message, Marc Benioff says Salesforce co-CEO Bret Taylor will continue to report to him — Bret Taylor is co-CEO of Salesforce in name only, it turns out. The Information has learned that in his new role Taylor will continue to report to Marc Benioff, who is ostensibly his equal as co-CEO.
More:
CNBC, TechCrunch, San Francisco Business Journal, TheStreet, Channel Futures, and TechRadar
Tweets: @martinsfp and @epro
| Yinka Adegoke / Rest of World: |
A look at China's extensive tech investments in Africa, including undersea cables, data centers, and fintech apps, as part of its “Digital Silk Road” initiative — As the Chinese “tech stack” leads from undersea cables to smartphones and fintech apps, concerns grow for the digital future of ordinary Africans.
Tweets: @restofworld, @peterguest, @fabiochiusi, @marcusryder, @yinkawrites, and @cengizyar
| Stacy Mitchell / Institute for Local Self-Reliance: |
Research: Amazon revenue from third-party sellers will reach $121B in 2021, up from $60B in 2019, as seller fees reach 34%, up from 30% in 2018 and 19% in 2014 — Amazon's dominance of online retail means that small businesses have little choice but to rely on its site to reach consumers.| Stephanie Condon / ZDNet: |
AWS announces SageMaker Studio Lab, a free version of SageMaker in public preview to help customers with little experience build, train, and deploy ML models — At re:Invent, the cloud giant also announced a new $10 million AI & ML scholarship program for underrepresented and underserved students.| James Clayton / BBC: |
Meta will no longer block searches nor remove praise of Kyle Rittenhouse on Facebook and Instagram, after designating him a shooter in a “mass murder” in 2020 — Facebook has reversed a decision to block searches on its platform for a US teenager who was acquitted of killing two people during unrest in Wisconsin.| Turner Wright / Cointelegraph: |
Congress will hold a hearing with executives from Coinbase, Circle, FTX, and others on December 8 to discuss digital assets and the future of finance — The hearing, “Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States …
More:
PYMNTS.com, U.S. House Committee …, The Block, Reuters, The Hill, MarketWatch, Insider, Bloomberg, Crypto Briefing, Bloomberg, and CoinDesk
Tweets: @s_m_i and @ronwhammond
| Robin Pogrebin / New York Times: |
A look at Particle, founded by an ex-Christie's exec and others, which plans to split Banksy's Love Is in the Air into 10,000 pieces to be sold as NFTs — A former Christie's executive has joined cryptocurrency experts to create a company that purchases art and sells the fragments as NFTs.
More:
Axios and Business Wire
Tweets: @investvoyager, @lanceulanoff, @sjohn_nahas, @john1wu, @rpogrebin, @avalancheavax, @jayks17, @edzitron, @chartsimpson, and @shingolavine
| Kevin Roose / New York Times: |
Jack Dorsey joins other tech leaders who seem to have grown tired of managing their platforms, amid increasing political controversy and hard-to-fix problems — Jack Dorsey, who is stepping down after six years as Twitter's chief executive, is one of the tech leaders who seem to have grown tired of managing their empires.
More:
Washington Post, Marketing Dive, Quartz, and Livemint
| Marty Swant / Forbes: |
The Facebook Papers offer glimpses into how users perceive Meta's ad products, like the impact of its reaction emojis, and the concerns raised by employees — The “Facebook Papers” have been revelatory when it comes to how the company formerly known as Facebook deals with content moderation and a wide variety of other issues.| Tom Krazit / Protocol: |
Meta selects AWS as its “long-term strategic cloud provider”, a partnership that includes helping AWS customers run the PyTorch framework more effectively — The company formerly known as Facebook built an impressive array of computing infrastructure over the last decade.
More:
FinLedger, MarketScreener, Devdiscourse News Desk, ZDNet, and Beyond Search
| Natasha Mascarenhas / TechCrunch: |
Sounding Board, which operates a marketplace that connects employees with leadership coaches, raises a $30M Series B led by Jazz Venture Partners — Sounding Board, which started as a platform to connect leaders to coaches through a marketplace, realized early in the pandemic that mentorship needs a refresh.| Yogita Khatri / The Block: |
1inch Network, which offers the popular DEX aggregator app 1inch, raises a $175M Series B led by Amber Group, bringing its total funding to $190M — Quick Take — 1inch Network has raised $175 million in a Series B funding round. — The project is looking to serve institutional customers …
More:
TechCrunch, Forbes, CoinDesk, 1inch Network, AMBCrypto, Coin Rivet, CryptoPotato, Bitcoin News, cryptodaily.co.uk, Coinspeaker, Insider, Decrypt, and Cointelegraph
| Matt Grossman / Wall Street Journal: |
Match Group will pay $441M to settle claims by Tinder founders and executives that Match avoided paying them up to $2B by undervaluing the app in mid-2017 — Company says it would pay $441 million to plaintiffs, including dating app's co-founders — Match Group Inc. has settled a lawsuit filed …
More:
The Verge, TechCrunch, Livemint, CNBC, Bloomberg, dot.LA, Engadget, Fortune, Input, Financial Times, Forbes, New York Post, and Reuters
| Rest of World: |
Crypto trading volume in Indonesia this year reached ~$50B by October, up over 10x YoY, despite the government and the Ulema Council forbidding crypto payments — Crypto is booming on the archipelago. Its proponents aren't who you'd think — Ananda Badudu is 32 years old …
Tweets: @leomschwartz, @restofworld, @lmatsakis, @blackamazon, @restofworld, and @anxioushuxley
| Joanna Ossinger / Bloomberg: |
Crypto.com plans to acquire the North American Derivatives Exchange (Nadex) and a ~40% stake in Small Exchange from IG Group for $216M in cash — - Small Exchange is backed by Citadel, Peak6, Jump Capital — Cash deal is expected to be completed in first half of 2022
More:
The Block, Crypto.com, Financial Times, Crowdfund Insider, Crypto Briefing, CoinDesk, Decrypt, and Cointelegraph
| Bloomberg: |
Sources: China plans to ban companies from going public on foreign markets through variable interest entities, closing a loophole used by local tech companies — China is planning to ban companies from going public on foreign stock markets through variable interest entities …
More:
South China Morning Post, San Francisco Business Journal, TechCrunch, and Tech in Asia
Tweets: @dalperovitch, @dannycrichton, @bauhiniacapital, and @zichenwanghere
| Annie Njanja / TechCrunch: |
Anchor, which offers cloud-based autonomous billing tools for companies, raises a $15M seed led by Rapyd Ventures, Entrée Capital, and Tal Ventures — Companies often spend an incommensurate amount of time chasing overdue payments, which distracts them from their core businesses, and brings forth cash flow issues.
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Finextra, Business Wire, PYMNTS.com, and FinSMEs
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