eBay says it is closing its “adult-only” section, banning the sale of “sexually-oriented” content including films, anime, and books
The e-commerce giant will no longer permit the sale of “sexually-oriented” content.
Waybridge, which digitizes the supply chains of commodity trading companies to give them visibility into their inventory, raises $30M Series B
New York-based Waybridge locked up a $30 million Series B as supply chain disruptions from the Suez Canal to the pandemic continue to dominate headlines
Sources: CloutHub and FreeSpace are among the apps vying to be next platform of Trump, who “wants cash money up front” in exchange for followers he would bring
CloutHub and Skylab Apps are among companies vying to work with the former president, who was sidelined by Facebook and Twitter.
Cisco acquires Kenna Security, which uses real world exploit data and predictive modeling to asses the risk level of vulnerabilities in company networks
In latest acquisition, Cisco buys vulnerability analytics startup Kenna Security - SiliconANGLE
Sources: Apple hired former HTC design head Scott Croyle last year to oversee Beats product design
There was a wild rumor making the rounds last year that Apple planned to phase out its successful Beats hardware brand and go all in with Apple-branded audio hardware. 9to5Mac reported at the time that burying Beats was “not a strategy that Apple plans to pursue” or even consider. We’ve since learned more about was […]
Facebook details Expire-Span, a new method to teach AI how to retain important information while forgetting irrelevant info, for more efficient data processing
Tossing out irrelevant information makes room for new memories.
DarkSide, the gang behind Colonial attack, says it lost control of web servers and funds, as researchers wonder if it is due to US takedown or an exit scam
A day after US President Joe Biden said the US plans to disrupt the hackers behind the Colonial Pipeline cyberattack, the operator of the Darkside ransomware said the group lost control of its web servers and some of the funds it made from ransom payments.
Ireland's High Court rejects Facebook bid to block an inquiry by the Irish data regulator; the court ruling may halt Facebook's data flows from the EU to the US
Ireland's High Court on Friday rejected a Facebook bid to block an inquiry by the Irish data regulator that could halt Facebook's data flows from the European Union to the United States.
Starlink review: nice hardware yielding a moderately fast, very inconsistent connection, but has line-of-sight issues with even a tree able to block the signal
Starlink, SpaceX’s new satellite internet service, promises broadband speeds, even to homes in remote areas. It’s viewed as the antidote to America’s broadband problems. But the reality is it’s not a cure for anything yet.
Chinese regulators expand scrutiny to ride-hailing sector, warning execs from Didi Chuxing and nine other companies against price fixing and monopolizing data
News, analysis and comment from the Financial Times, the worldʼs leading global business publication
Foxconn reports Q2 net profit of $1B on revenue of $48B, up 45% YoY, and says global supply crunch will worsen this quarter
Hon Hai Precision Industry Co. warned that the global supply crunch that has hit the consumer electronics and automaking industries will worsen this quarter, after it weathered component shortages to post better-than-expected quarterly profits.
The Irish health service shuts down its IT system after a “significant” ransomware attack that is having a severe impact on health and social care services
The Health Service Executive in Ireland temporarily shuts down its IT system after a "significant ransomware attack".
Amazon says it will hire 10,000 more people in the UK, taking its total headcount in the country to 55K by the end of 2021
Amazon.com Inc. will hire 10,000 more people in the U.K., taking its total headcount in the country to 55,000 by the end of 2021 and making the ecommerce giant one of few big employers adding jobs during the pandemic.
Google is leading an effort, supported by many tech giants, to maintain work authorization for tens of thousands of people whose spouses hold H-1B visas
Tech companies that signed onto the brief include Adobe, Amazon, Apple, Electronic Arts, eBay, IBM, Intel, Microsoft, PayPal, Reddit, StubHub and Twitter.
A peer-reviewed study finds UK's NHS contact-tracing app reduced the second wave by roughly 25%, averting ~594,000 out of 1.89M cases from October-December 2020
Peer-reviewed research suggests the contact-tracing app prevented between 284,000 and 594,000 cases.
Substack acquires People & Company, which focuses on community building, to expand its support infrastructure for writers, including workshops and legal support
Being independent shouldn’t mean being alone.
MasterClass, which offers celebrity-taught online classes, raises $225M Series F led by Fidelity Management, sources say at a $2.75B valuation
MasterClass has raised $225 million in a Series F funding round to help launch a new enterprise business and expand internationally.
Disney+ misses on Q1 subscriber estimates, reaching 103.6M subscribers vs. 109.3M expected; ESPN+ subscribers rose 75% YoY to 13.8M, Hulu grew 30% YoY to 41.6M
Disney Plus grew to 103.6 million subscribers worldwide as of April 3, which fell short of Wall Street targets.
Actor claiming to be voice behind TikTok's text-to-speech feature sues TikTok for “irreparable harm”; says recordings she made were never authorized for TikTok
Beverly Standing, the apparent voice behind TikTok’s text-to-speech feature, says she never authorized the usage and is suing TikTok and ByteDance.
Chemical distributor Brenntag paid a $4.4M ransom in bitcoin to the DarkSide ransomware gang, who claimed to have stolen more than 150 GB of sensitive data
Chemical distribution company Brenntag paid a $4.4 million ransom in Bitcoin to the DarkSide ransomware gang to receive a decryptor for encrypted files and prevent the threat actors from publicly leaking stolen data.
Jeff Blackburn, an S-team Amazon exec who had departed in February, is returning as SVP of Global Media and Entertainment, overseeing Prime Video, Twitch, more
Jeff Blackburn, a former high-level Amazon exec who just recently left, is coming back to lead the company's consolidated media group.
Coinbase reports Q1 revenue of $1.8B, up 207% QoQ, monthly transacting users of 6.1M, up from 2.8M last quarter, says it plans to list dogecoin in 6-8 weeks
Coinbase revenue tripled from last quarter, as the price cryptocurrencies took off in 2021.
Bumble stock falls 14%+ on Thursday to $40.48, below its IPO price, after beating Q1 revenue expectations Wednesday but issuing a more cautious Q2 guidance
Shares of Bumble fell sharply Thursday morning, dipping below its initial public offering price, after the company reported first-quarter results.
Collective, a subscription-based service that handles back office tasks like accounting for the self-employed, raises $20M Series A led by General Catalyst
With so much focus on the “creator economy”, and countries hit by the effects of the pandemic, the self-employed market is “booming”, for good or for ill. So it’s not too much of a surprise that Collective, a subscription-based back-office platform for the self-employed has raised a $20 million Series A funding after launching only […]
Tether, which claimed at launch that each tether was backed 1:1 with USD, releases a breakdown of its reserves, revealing that only 3.87% are in actual cash
Stablecoin issuer Tether has revealed a breakdown of its reserves, providing specific percentages for each category.
DoorDash reports Q1 revenue of $1.08B, up 198% YoY, and a net loss of $110M, blaming a shortage of drivers, but raises forecasts; stock up 8%+ after hours
DoorDash on Thursday reported a wider-than-expected quarterly loss, blaming a shortage of delivery drivers as consumers ordered more than forecast.
Pinterest says it will test livestreaming events this month through a three-day virtual event featuring sessions with around 21 top creators
Pinterest is expanding into live events. The company is planning to host a three-day virtual event that will feature live-streamed sessions from top creators, including big names like Jonathan Van Ness and Rebecca Minkoff, among others. The virtual event will run inside the Pinterest app from May 24th through May 25th, and will serve as […]
Airbnb reports Q1 revenue of $886.9M, up 5% YoY, gross booking value of $10.3B, up 52% YoY, but net loss tripled to $1.1B, largely due to debt repayments
Airbnb's net loss tripled, but the company expects its adjusted margin to improve in the second half of the year as travel restrictions ease up.
Vitalik Buterin sells large amounts of SHIB, AKITA, and ELON tokens, sent to him by coin creators, for ~$60M worth of ETH, and donates the proceeds to charities
Ethereum creator Vitalik Buterin has sold a range of dog-themed tokens he was given for free, swapping them for more ether.
Twitter has announced six acquisitions so far in 2021, the most the company has made in a calendar year since 2015, as part of its new product push
Twitter Inc. has stepped up its pace of acquisitions in recent months after years of languid deal-making, a change that reflects the social network’s stronger financial standing and a renewed effort to speed up the addition of new features.
Sources: Binance is under investigation by DOJ and IRS; officials involved include those who probe money laundering and tax offenses
Binance Holdings Ltd. is under investigation by the Justice Department and Internal Revenue Service, ensnaring the world’s biggest cryptocurrency exchange in U.S. efforts to root out illicit activity that’s thrived in the red-hot but mostly unregulated market.
GRIN, which helps brands manage influencer marketing campaigns, adds $16M to its $10M Series A announced in December 2020
GRIN, a developer of influencer marketing software, added an “opportunistic” $16 million to its $10 million Series A announced five months ago
Canada-based chip maker Alphawave closed down 16% on its first day of trading in London, after raising £856M at a valuation of £3.1B
Alphawave IP Group Plc sank 9.8% on its first day of trading in London as the global tech selloff hammered shares of the semiconductor company.
Ford says it will start rolling out OTA updates to its vehicles at scale, including adding Alexa later this year to 700K eligible vehicles
Ford will start rolling out major over-the-air software updates to its vehicles this year, with the goal to have 33 million eligible vehicles on the road by 2028.
Axtria, which makes data analytics software for life sciences companies, raises $150M, sources say at a valuation close to $1B
Axtria, which makes software for life-sciences companies, raised $150 million in a funding round from Bain Capital Tech Opportunities.
Amazon says it is hiring 75,000 workers, representing 8% of its US workforce, and offering an average of $17/hour, above its typical $15/hour starting wage
Amazon.com is hiring 75,000 workers and offering $1,000 signing bonuses in some locations, the latest hiring spree in what has been a year of tremendous growth.
Discord announces Stage Discovery, a tool to help people find communities through live audio events, and says it will soon test paid, ticketed audio events
If you’re new to Discord, you might be thrown off by the lack of an endless feed peppered with ads. On Discord, all of the action happens in interest-specific servers, and the company wants to make it easier for anyone to stumble across and plunge into those communities. The company launched Stage Channels, its own […]
Global notebook PC shipments grew 81% YoY in Q1; both Apple, with 5.7M shipments, and Acer, with 4.9M shipments, grew 94% as HP grew 91% with 15.4M shipments
Gaming, Chromebooks, commercial and consumer demand stay hot as the return to work and school is slow and pointing to a hybrid approach long-term With remote and hybrid work options and e-learning continuing worldwide, demand for Notebook PCs is at its highest, driving 81% year-on-year shipment growth, according to a new report by Strategy Analytics. Work-from-home demand and the notebook PC upgrade cycle were the main driving factors for commercial demand, while the consumer segment contributed with strong e-learning and gaming activity from home in the first quarter. All of this occurred despite supply chain shortages, meaning that there is still pent-up demand going forward in 2021. Q1 2021 Preliminary Notebook PC Vendor Shipments (Source: Strategy Analytics, Inc.) The full report from Strategy Analytics’ Connected Computing Devices (CCD) service, Preliminary Global Notebook PC Shipments and Market Share: Q1 2020 Results can be found here:
Sources: Colonial paid ~$5M ransom in cryptocurrency within hours of the attack, but the hackers' decrypting tool was so slow that it had to use its own backups
Colonial Pipeline Co. paid nearly $5 million to Eastern European hackers on Friday, contradicting reports earlier this week that the company had no intention of paying an extortion fee to help restore the country’s largest fuel pipeline, according to two people familiar with the transaction.The company paid the hefty ransom in difficult-to-trace cryptocurrency within hours after the attack, underscoring the immense pressure faced by the Georgia-based operator to get gasoline and jet fuel flowing
SpaceX signs a satellite connectivity deal with Google Cloud, as part of which SpaceX will install Starlink terminals at Google's data centers around the world
Google announced a deal on April 13th to use SpaceX’s growing satellite broadband service Starlink with its cloud platform, Google Cloud, with services starting in late 2021.
Michigan GOP lawmaker introduces a bill that requires fact checkers to register with the state using a $1M fidelity bond, and levies $1K/day fine for violations
A Michigan GOP lawmaker introduced a bill that would require "fact checkers" to register with the state and post a $1 million fidelity bond to publish.
YouTube has banned almost 40 QAnon channels that are deleting their own videos after a few days in order to evade YouTube's policies and escape violations
YouTube has banned almost 40 channels that use the tactic. Disinformation experts say they haven't seen the ploy used before.
Amazon Echo Buds (2nd gen) review: affordable, better sound, smaller, True ANC, optional wireless charging, but middling battery life and mediocre call quality
Amazon’s second-gen Echo Buds are a big improvement over the first version, but a few key areas show there’s still work to be done..
South Korea plans to spend around $450B to build the world's biggest chipmaking base over the next decade; Samsung to boost spending by 30% to $151B by 2030
South Korea unveiled ambitious plans to spend roughly $450 billion to build the world’s biggest chipmaking base over the next decade, joining China and the U.S. in a global race to dominate the key technology.
Roku announces launch of its original programming, including the Quibi content it acquired, on the Roku Channel, starting May 20
Roku today announced the launch of its own original programming, which will initially become available to viewers in the U.S., U.K., and Canada through the media platform’s free streaming hub, The Roku Channel, starting on May 20th. The debut lineup will include 30 titles, including both the scripted and reality programming Roku had acquired from […]
Animoca Brands, which lets players own in-game items through NFTs, enabling them to sell or take items if they leave the game, raises $88M at a $1B valuation
Animoca Brands has raised $88 million at a $1 billion valuation to capitalize on its plan to combine games and rare digital items via NFTs.
Cyral, which offers enterprise data governance across platforms including Amazon S3, Snowflake, and MongoDB, raises $26M, bringing its total raised to $41.1M
Cyral, a data governance and security platform for enterprise customers, raised $26 million in venture capital.
Alibaba reports Q4 net loss of $836M as the massive antitrust fine it received last month weighed on earnings, and revenue of $28.6B, up 64% YoY
Alibaba swung to a net loss in its fiscal fourth quarter as a massive antitrust fine it received last month weighed on its earnings.
Cryptocurrency market loses as much $365B after Musk tweeted Tesla would be suspending car purchases with bitcoin; bitcoin, ether, and XRP all fell sharply
Tesla CEO Elon Musk said Tesla would suspend car purchases using bitcoin, wiping off billions of dollars of value from the cryptocurrency market.
Google has been fined €100M+ by Italy's antitrust watchdog for abuse of a dominant market position by restricting third party access to the Android Auto app
Google has been fined just over €100 million (~$123M) by Italy’s antitrust watchdog for abuse of a dominant market position. The case relates to Android Auto, a modified version of Google’s mobile OS intended for in-car use, and specifically to how Google restricted access to the platform to an electric car charging app, called JuicePass, […]