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Apple says it didn't know DOJ was asking for House Democrats' data when it complied with subpoena; Microsoft also received and complied with a similar subpoena
Google commits to involve UK's competition and privacy regulators in the development of its Privacy Sandbox proposals to replace third-party cookies on Chrome
Kepler Communications, which is building a network with 200 satellites aiming to offer internet service outside of the Earth by 2023, raises $60M Series B
Third member of FDA panel resigns over approval of Biogen Alzheimer's drug
Workplace collaboration company Monday.com closed up 15% in its Nasdaq debut Thursday, after raising $574M in its IPO, giving it a market cap of ~$7.82B
GameStop says revenue rose 25% to $1.28B and net loss narrowed to $66.8M in Q1, as it tries to stage a turnaround partially fueled by a Redditor-led stock rally
Payment processing startup Marqeta's shares closed up 13% in its NASDAQ debut Wednesday, after raising $1.2B in its IPO, valuing the company at ~$16B
Instagram's Adam Mosseri says Facebook plans to help creators avoid Apple's 30% cut by "facilitating transactions that happen in other places"
Techmeme · 4 days ago
Facebook says global ads chief Carolyn Everson is leaving after more than a decade; Everson was a liaison to big marketers during major controversies
Mark Zuckerberg says all employees can request to work remotely full-time if their job allows, office-based staff will need to be in 50%+ of the time, and more
Marc Benioff says he expects 50% to 60% of Salesforce employees to work from home even after the pandemic ends, up from about 20% before the pandemic hit
El Salvador becomes first country to adopt bitcoin as legal tender after lawmakers voted by a "supermajority" in favor of the Bitcoin Law
Biden admin announces steps to bolster US supply chains, including for chips and rare earth metals, and a "strike force" to combat unfair trade practices
Campaign launches to try to force Palantir out of Britain’s NHS
A look at the design work behind the sound effects in communication products from companies like Slack, Microsoft, Facebook, and others
Jeff Bezos will fly on the first passenger spaceflight of Blue Origin in July
Chip factories use a lot of water, but AZ attracts them with an established chip ecosystem, seismic stability, and pro-business stance, despite its arid climate
Google Cloud CEO Thomas Kurian says parts of YouTube are moving from Google's internal infrastructure to Google Cloud
El Salvador to adopt Bitcoin as legal tender
In a bid to clean up WeChat livestreaming service, Tencent bans dozens of "violations" including fortune telling, "seductive lip licking", and nose picking
Cybersecurity company SentinelOne files for a US IPO, says revenue grew 108% YoY to $37.4M and net losses grew to $62.6M in the three months ending April 30
Facebook announces that politicians' posts will no longer be exempt from the company's rules that prevent users from engaging in harmful speech
Google says it reassigned diversity strategy lead Kamau Bobb to STEM education due to a 2007 post in which he said Jews have an "insatiable appetite for war"
United Airlines will buy 15 planes from Boom Supersonic
China says Ant Group can operate a consumer finance company, in which Ant will hold a 50% stake, a key step in fixing regulatory issues
Crypto exchange Kraken launches its mobile app in the US, with 50+ tokens to trade; the service won't be available to WA or NY residents due to regulatory costs
Amazon announces this year's Prime Day will take place on June 21 and 22, returning to its typical summertime slot
Techmeme · 2 weeks ago
SoFi, which went public via a blank-check company run by Chamath Palihapitiya, closes its first day of trading up 12.41%
Zoom reports Q1 rev. of $956.2M, up 191% YoY, vs $906M est., and sees 50% revenue growth for the full fiscal year as expansion falls from pandemic-fueled 2020
JBS, the world's top meatpacker, is hit by a cyberattack, leading it to shutter its Australian operations, pause livestock slaughter in many US states, and more
Doximity, a LinkedIn for doctors, files for an IPO, and says it has allocated 15% of shares offered to doctors; Doximity's revenue grew 78% in 2020 to $206.9M
Salesforce Q1: revenue of $5.96B, up 23% YoY, vs est. of $5.89B, Platform and Other revenue of $1.75B, up 28% YoY; $500M Slack revenue expected for full year
Snowflake says it no longer has an HQ, and designates Bozeman, Montana, where its CEO and CFO live, as its executive office, because it's required by the SEC
Savings and investing app Acorns is merging with a SPAC to go public in a deal that values Acorns at roughly $2.2B, more than double its last private valuation
Source: Swedish payments startup Klarna is close to raising a new round at a $40B+ valuation, after raising $1B at a $31B valuation in March
Snowflake beats with Q1 revenue of $228.9M, up 110% YoY, net loss swelled to $203.2M from $92.6M last year; year to date, stock is down ~17%
DC attorney general sues Amazon on antitrust grounds, claiming the company's practices have unfairly raised prices for consumers and suppressed innovation
Techmeme · 3 weeks ago
Barry Diller says cryptocurrencies are a 'con'
Amazon is shutting down its standalone Prime Now app and website by the end of the year and moving the fast delivery service to the Amazon app and website
Techmeme · 3 weeks ago