Tinder CEO Faye Iosotaluno will step down in July after less than two years in the role; Match Group CEO Spencer Rascoff will lead Tinder temporarily
Natalie Lung / Bloomberg :
Sources: Meta offered $450M in late March to settle the FTC's antitrust case and raised its offer to ~$1B as the trial neared; the FTC had demanded $30B
The FTC wanted $30 billion to drop its case. Zuckerberg offered much less and hoped Trump would back him up.
Robinhood co-founder and Chief Creative Officer Baiju Bhatt plans to step down to pursue other entrepreneurial interests, but will remain on the company's board
Ben Glickman / Wall Street Journal :
Sources: Social Capital fired two of its partners after they tried to raise ~$2M from outside the firm for AI chipmaker Groq, which rankled Chamath Palihapitiya
Lizette Chapman / Bloomberg :
Sources: Twitter agreed to delay a deposition of Elon Musk by its lead litigation attorney on October 6 in Austin, as both sides hash out the $44B deal
Tesla chief and social media group are negotiating end to legal fight to finalise $44bn buyout — Twitter has agreed to delay …
Sources: EU to launch a formal probe early next month into Nvidia's planned $54B takeover of Arm, as Nvidia sets formal submission date in the week of Sept. 6
Brussels expected to open investigation in early September over competition concerns — Brussels is set to launch …
SEC fines crypto exchange Poloniex $10M for operating an unregistered exchange; Circle bought Poloniex for $400M in 2018 before spinning it out in 2019
Tim Copeland / The Block : Source: U.S. Securities … .
Email service Superhuman, which charges $30/month and hasn't formally launched, raises $75M Series C led by IVP, source says at a $825M valuation
A new Florida law regulates how Facebook, Twitter, and others moderate speech, with fines for banning candidates; the law exempts companies that own theme parks
The new law, a direct response to Facebook and Twitter's suspension of former President Donald J. Trump, affects candidates for statewide offices.
Venmo adds support for buying, holding, and selling four types of cryptocurrencies: Bitcoin, Ethereum, Litecoin, and Bitcoin Cash
Venmo is adding support for cryptocurrency, starting today. The company says it will begin to roll out the ability for Venmo's more than 70 million users to buy …
Spotify says it is adapting a Work From Anywhere model and will provide co-working space memberships for employees who choose to work remotely
No Office Required Joan E. Solsman / CNET : Spotify will let employees work wherever they want, even after pandemic Lisa Ardill / Silicon Republic : ‘The nine-to-five workday is de...
Sources: Facebook is building an audio chat product, currently in the earliest stages of development, that is similar to Clubhouse
The increasingly popular social media app is allowing conspiracy theories … Darragh Murphy / Laptop Mag : What is Clubhouse and why is Facebook cloning the voice chat app? The Econ...
Report: Apple plans $3.6B investment in Kia, with a deal on Feb. 17, and aims to start making cars in Georgia, US in 2024, with initial target of 100K cars/year
- Local media report says deal may be signed later this month — Hyundai last month confirmed then backed away from Apple talks Source: gongA.com .
Roblox files S-1 for its IPO, reports losses of $206M on $589M in revenue, 31.1M DAU, and 22.2B engaged hours, up 122% YoY, for the first nine months of 2020
here's what we learned from the most recent wave of IPO filings Sarah E. Needleman / Wall Street Journal : Roblox Files IPO Amid Surge in Videogame Spending Alex Wilhelm / TechCrun...
Roblox files S-1 for its IPO, reports losses of $206M on $589M in revenue, 31.1M DAU, and 22.2B engaged hours, up 122% YoY, for the first nine months of 2020
Roblox, a Silicon Valley-based based social gaming platform for tweens and teens, on Thursday filed for a $1 billion initial public offering.
Amazon says it will not ask employees to remove TikTok from their mobile devices, and an internal email asking them to delete the app was sent in error
then walked back the policy and said it was an ‘error’ Rachel Lerman / Washington Post : TikTok users fear app shutdown as security concerns grow David Matthews / TechSpot : Amazon...
Amazon says it will not ask employees to remove TikTok from their mobile devices, and an internal email asking them to delete the app was sent in error
The company confirms that an email was sent out in error earlier today — Amazon says that it will not ask employees to remove …
Cloud-based app performance monitoring startup DataDog files for IPO, says it had revenue of $198M in 2018, up from $101M in 2017, and a loss of $13M in 1H 2019
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