A new generation of young workers at China's technology giants is demanding an end to forced rankings, harsh working conditions, and the "996" work culture Techmeme · 6 hours ago
Disclosures from Tether show it has $30B in commercial paper, a short-dated investment similar to cash, making it one of the largest investors in the US market Techmeme · 1 day ago
US clean energy company Invenergy says it had been hacked but "does not intend to pay any ransom", after REvil threatened to leak 4TB of stolen data Techmeme · 2 days ago
Sources: UK's competition watchdog is planning a formal investigation into Amazon, mirroring the EU probe, over how it uses the data it collects Techmeme · 4 days ago
DoorDash launches in Japan, marking the company's first foray into Asia, starting in Sendai, a city north of Tokyo with a population of ~1M Techmeme · 5 days ago
The chief supply chain officer at Flex, the world's 3rd-largest electronics manufacturer, says the global chip shortage will likely last until mid- to late-2022 Techmeme · 1 week ago
Grocery delivery app Getir raises $550M at a $7.5B post-money valuation, tripling in three months since its last raise; brings its total raised to more than $1B Techmeme · 1 week ago
Instagram's algorithm will now rank original and reposted content equally amid employee concerns about suppression of pro-Palestinian voices Techmeme · 2 weeks ago
How online criminals are turning to unlicensed crypto exchanges and over-the-counter crypto brokers to cash out profits and how crypto forensic firms track them Techmeme · 2 weeks ago
In a first, England's NHS says it will scrape medical histories of 55M patients, including info on mental and sexual health, to be shared with third-parties Techmeme · 3 weeks ago
Regional government of Inner Mongolia sets up hotline to report suspected crypto mining as China moves to curb energy emissions and fortify its central bank Techmeme · 3 weeks ago
Investigation shows how dubious Twitter accounts with cultish followings can cause sudden surges in trading for penny stocks after endorsing them Techmeme · 4 weeks ago
Job listings indicate that DoorDash is preparing to launch in Germany, in what would be company's first foray into Europe Techmeme · 4 weeks ago
German smart home company Tado, which says it has installed 1M thermostats to date, raises $46M, intended as the last funding round before a sale or IPO Techmeme · 4 weeks ago
Chinese regulators expand scrutiny to ride-hailing sector, warning execs from Didi Chuxing and nine other companies against price fixing and monopolizing data Techmeme · 1 month ago
Uber and Lyft have lost a combined market value of $20B+ in the week since the US labor secretary signaled intent to examine the classification of gig workers Techmeme · 1 month ago
Substack adds Sections to let writers set up and manage multiple newsletters or podcasts within one publication, a feature reminiscent of traditional newsrooms Techmeme · 1 month ago
Sources: Tiger Global is seeking to raise a new $10B fund, weeks after announcing a $6.7B fund; PitchBook says Tiger made 100 investments so far in 2021 Techmeme · 1 month ago
By limiting iOS apps' ad tracking capabilities, Apple could see increased commissions from IAPs and subscriptions if developers start charging for apps Techmeme · 1 month ago
Darktrace shares jumped as much as 40% on its London Stock Exchange debut, after its IPO raised £165M at an opening value of £1.7B Techmeme · 1 month ago
Sources: a16z is raising its third fund focused on cryptocurrencies and crypto startups, aiming to raise up to $1B, twice the size of their previous fund Techmeme · 1 month ago
China asks 13 companies, including Tencent, ByteDance, and the fintech affiliate of Baidu, to introduce similar changes to those imposed on Ant Group Techmeme · 2 months ago
Sources: EU will charge Apple with anticompetitive behavior later this week, over concerns that the rules it sets for developers on its App Store break EU law Techmeme · 2 months ago
OnlyFans says its revenues rose 553% to £281M in the year to November and pre-tax profits rose from £6M to £53M, while transactions reached £1.7B Techmeme · 2 months ago
Canada-based Alphawave IP, which develops chip technology for faster data flow through networks, is aiming to raise $500M+ via a London IPO at a $4.5B valuation Techmeme · 2 months ago
Dish partners with AWS to build the first public cloud-based 5G network, which Dish plans to launch initially in Las Vegas in the third quarter Techmeme · 2 months ago
KKR-backed mobile gaming company AppLovin, which operates more than 200 games, raises $1.8B in its IPO, giving it a market capitalization of $28.6B Techmeme · 2 months ago
Russian e-commerce company Ozon says it will apply for a banking license to expand its fintech services, and plans to offer loans to merchants Techmeme · 2 months ago
Employees at Tencent Music, Meituan, and other Chinese tech giants are expecting increased antitrust scrutiny and penalties after Alibaba's record $2.8B fine Techmeme · 2 months ago
A senior Apple engineer compared App Store's defenses against malicious actors to "bringing a plastic butter knife to a gunfight", according to legal documents Techmeme · 2 months ago
Indian social media startup ShareChat raises $502M from investors including Tiger Global, Snap, and Twitter, at a valuation of $2.1B, and says it has 160M MAUs Techmeme · 2 months ago
Facing a shortage of drivers, Uber will spend $250M on a one-time "stimulus" for US drivers and Lyft is offering $800 bonuses for referring former drivers Techmeme · 2 months ago
Sources: Grab is set to go public in the US through a SPAC merger that will value it at ~$35B, as soon as this week Techmeme · 2 months ago
A record 76 companies suspended their IPO applications for Shanghai's Star Market in March, more than doubling since February, as tech regulatory scrutiny rises Techmeme · 2 months ago
Snap confirms it was testing probabilistic matching to track iOS users for a few months, but will discontinue the program after Apple rolls out tracking changes Techmeme · 2 months ago
UK's Strategic Command relaxes hiring rules to let cyber specialists from the private sector go directly into senior military roles Techmeme · 2 months ago
Deliveroo closed down 26% in its LSE debut, after pricing shares at £3.90, valuing it at £5.2B; the poor debut is likely due to labor practice issues Techmeme · 2 months ago
Sources: UK's CMA is preparing an antitrust investigation into the way Facebook allegedly uses customer data to squash rivals in social media and online ads Techmeme · 3 months ago
Sources: Apple sends cease and desist emails to Chinese apps testing CAID, which is designed to track users in spite of Apple's upcoming IDFA privacy changes Techmeme · 3 months ago
Germany's data protection watchdog tells European Parliament that Germany had "sent 50+ complaints about WhatsApp" to the Irish DPC and none had been closed Techmeme · 3 months ago
UK's 5G spectrum auction raised only £1.36B, just above the £1.1B reserve price and a fraction of the £22.5B 3G auction in 2000 Techmeme · 3 months ago
Sources: Baidu is set to raise $3.1B in its Hong Kong secondary listing, after pricing its shares at ~$32.45 each Techmeme · 3 months ago
Huawei, Xiaomi, Tencent, and other Chinese internet companies remove Alibaba's popular UC Browser from app stores, following Xi's warning of a crackdown Techmeme · 3 months ago
Report: UK tech startups raised a record $15B in 2020, higher than any country besides US and China , and $8B in the first three months of 2021 Techmeme · 3 months ago
Sources: Tencent and ByteDance are a testing a new tool called CAID, developed by the China Advertising Association, to bypass Apple's IDFA ad privacy changes Techmeme · 3 months ago
Insitro, which uses machine learning to speed up drug discovery, raises $400M led by Canada Pension Plan; other investors include SoftBank, Temasek, and a16z Techmeme · 3 months ago
Stripe raises $600M from Sequoia Capital and others at a valuation of $95B, becoming the most valuable private company in Silicon Valley Techmeme · 3 months ago
Sources: EU regulators are struggling to gather enough evidence to bring antitrust charges against Amazon despite working on the case for nearly two years Techmeme · 3 months ago
Sources: no deep integration between Facebook and Gojek nine months after the $300M deal; source says Gojek's planned merger with Tokopedia is a factor Techmeme · 3 months ago
Sources: EU is set to press antitrust charges against Apple over App Store rules for competing music streaming services, following a complaint by Spotify Techmeme · 3 months ago