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Facebook spent $19.7M on federal lobbying in 2020, up 17.8% YoY, Google spent $7.5M, down 36.2%; Big Five tech companies together spent $61.1M, down 1.8%
Google says it will remove search function in Australia if media code becomes law
Alphabet cancels Loon, project to beam internet to earth from balloons
Intel beats with Q4 revenue of $20B, down 1% YoY, vs $17.49B est., and Data Center Group revenue of $6.1B, down 16% YoY; stock up 6%+ after hours
IBM reports Q4 revenue of $20.37B, down 6% YoY, vs $20.67B est., Cloud and Cognitive Software revenue, which includes Red Hat, was $6.84B, down 5% YoY
Netflix reports Q4 revenue of $6.64B vs. $6.63B est., up 21.5% YoY, global streaming paid memberships 203.7M, up 8.5M vs. 6.5M est.; stock up 10%+ after hours
Cell-based seafood producer BlueNalu raises $60 million as it preps for market launch
Parler’s de-platforming shows the exceptional power of cloud providers
WhatsApp delays privacy update over user ‘confusion’ and backlash about Facebook data sharing
Ahead of Biden's inauguration, Facebook blocks users from creating new events near the White House and Capitol, restricting features for some users
GitLab is considering going public after an employee share sale valued it at $6B; GitLab revenue crossed $150M annually after growing 74% in the latest quarter
Twitter outlines its plans for Wednesday's Inauguration Day, including transitioning @POTUS and other handles to Biden and archiving several official accounts
Jeff Bezos’ Blue Origin aims to fly first passengers on its space tourism rocket as early as April
Accolade, a health care service for employees to manage benefits, is buying telemedicine startup 2nd.MD for up to $460M, in a split cash and stock deal
Poshmark opens up more than 130% on its first day of trading, valuing the company at more than $3B, after raising $277M in its IPO
A group of health and tech companies, including Microsoft, Salesforce, and Oracle, says it is developing a digital COVID-19 vaccination "passport"
Op-ed: It’s time for Congress to hold social media companies liable
Google says it will pause political ads, and those referencing "impeachment, inauguration or protests at the US Capitol" on all its platforms starting Jan. 14
Visa abandons takeover of Plaid after DOJ raises antitrust concerns
Airbnb says it is canceling and blocking reservations made for the week of Biden's inauguration in the Washington, DC metro area
Affirm began trading at $90.90, up over 80% after pricing shares at $49; the company raised $1.2B after pricing shares above its $41-$44 range
Intel CEO Bob Swan to Step Down in Feb, VMware CEO Pat Gelsinger to Replace Him
Dropbox to cut 11% of its global workforce
Source: Chinese video platform Bilibili files for a secondary Hong Kong listing, which could raise over $2B
Curve, which combines all of a customer's debit and credit cards into one app and a linked "smart" card which they can use for payments, raises $95M Series C
Walmart says it will launch a fintech start-up, with Ribbit Capital owning a minority share in the new company
Facebook halts political donations after Capitol riot
China’s move to regulate its giants is part of its bigger push to become a tech ‘superpower’
Baidu announces it has formed a strategic partnership with Chinese automaker Geely to create a standalone electric vehicle company
Amazon to drop Parler from its web hosting service, citing violent posts
Reddit · 2 weeks ago
A group of Amazon staffers, Amazon Employees for Climate Justice, calls on the company to stop providing AWS services to Parler
Techmeme · 2 weeks ago
Analysis: Apple's App Store grossed an estimated $64B+ in 2020, up 28% from an estimated $50B in 2019 and $48.5B in 2018
Tesla passes Facebook to become fifth most valuable U.S. company
Hyundai confirms that it is in early discussions with Apple on collaborating to develop a self-driving car, and says Apple is in talks with several car makers
DOJ fines Boeing over $2.5B, charges it with fraud conspiracy
Instacart hires Nick Giovanni, current head of Goldman Sachs' technology, media and telecom group, as its CFO; CEO says transaction volume grew 300% YoY in Dec.
SoFi says it will go public via a merger with a SPAC backed by Chamath Palihapitiya at a valuation of $8.65B
Elon Musk is now the richest person in the world, passing Jeff Bezos this morning with a net worth of $185 billion.
Elon Musk is now the richest person in the world, passing Jeff Bezos
Roblox announces a $520M financing round led by Altimeter Capital and Dragoneer at a $29.5B valuation, says it plans to go public soon via direct listing
Twitter locks Τrump’s account following video addressing Washington rioters
DOJ says SolarWinds hackers accessed about 3% of its email accounts, but there's no indication that the breach impacted classified systems
In a reversal, NYSE says it will go ahead with its plan to delist China Mobile, China Telecom, and China Unicom, following Mnuchin criticism
Enflame Technology, which makes chips designed to process huge amount of data to train AI systems, raises $278.5M Series C from Tencent and others
Qualcomm announces CEO Steve Mollenkopf is retiring and current president, Cristiano Amon, will take over on June 30
JPMorgan says bitcoin could rise to $146,000 long-term as it competes with gold
Haven, the Amazon-Berkshire-JPMorgan venture to disrupt healthcare, is disbanding after three years
Techmeme · 3 weeks ago