Sunday, June 13, 2021

Krafton to launch $5 billion plus IPO next week, sources say

Krafton, the company behind blockbuster video game PlayerUnknown's Battlegrounds (PUBG), will launch its IPO early next week in what could be South Korea's largest listing in 11 years, people familiar with the matter said. https://ift.tt/3iR0BEv

[Thread] Former Facebook employee, now Coatue Management Chairman, shares his experiences working with Mark Zuckerberg during Facebook's early days (Dan Rose/@danrose999)

Dan Rose / @danrose999:
[Thread] Former Facebook employee, now Coatue Management Chairman, shares his experiences working with Mark Zuckerberg during Facebook's early days  —  In my experience the best founders develop a fighter mentality. Mark Zuckerberg was a fighter, and without that mentality Facebook would never have achieved its full potential. Here's what I saw over 13 years working for Zuck:



After El Salvador's president, many Latin American politicians are expressing interest in adopting cryptocurrencies, as a PR exercise to elevate their profiles (Alex González Ormerod/Rest of World)

Alex González Ormerod / Rest of World:
After El Salvador's president, many Latin American politicians are expressing interest in adopting cryptocurrencies, as a PR exercise to elevate their profiles  —  El Salvador's president Nayib Bukele set off a movement for political opportunists and crypto-enthusiasts alike.  —  • MEXICO CITY, MEXICO



CB Insights: VCs invested $1.5B into mental health startups in 2020, a record high that is 5.5 times the funding invested in this space in 2016 (Katie Jennings/Forbes)

Katie Jennings / Forbes:
CB Insights: VCs invested $1.5B into mental health startups in 2020, a record high that is 5.5 times the funding invested in this space in 2016  —  I am a staff writer covering healthcare.  Email me at kjennings@forbes.com.  —  Investors poured $1.5 billion into the market in 2020 …



Saturday, June 12, 2021

Interview with two Apple executives about changes to multitasking in iPadOS 15, SharePlay, Universal Control, Quick Note, and more (Matthew Panzarino/TechCrunch)

Matthew Panzarino / TechCrunch:
Interview with two Apple executives about changes to multitasking in iPadOS 15, SharePlay, Universal Control, Quick Note, and more  —  Apple executives talk about the new iPad software's mental models and multitasking enhancements  —  The announcement of new iPad software at this year's WWDC conference …



China pushes to subject data-related activities to government oversight, as it worries tech giants could use collected data to build alternative power centers (Lingling Wei/Wall Street Journal)

Lingling Wei / Wall Street Journal:
China pushes to subject data-related activities to government oversight, as it worries tech giants could use collected data to build alternative power centers  —  Beijing is calling on tech giants to share their information—and asserting its authority over data held by U.S. companies in China as well



A look at the rise of BitClout, a burgeoning crypto service monetizing social influence, valued at more than $1B in April, but operating in a legal gray zone (Caroline Lester/New Yorker)

Caroline Lester / New Yorker:
A look at the rise of BitClout, a burgeoning crypto service monetizing social influence, valued at more than $1B in April, but operating in a legal gray zone  —  BitClout collapses everything—art, humor, personhood—into money, laying bare just who, and what, we are willing to pay for.



Thai SEC orders exchanges to delist NFTs and meme coins, defined as those with "no objective or underlying value" whose price relies on social media trends (Robert Stevens/Decrypt)

Robert Stevens / Decrypt:
Thai SEC orders exchanges to delist NFTs and meme coins, defined as those with “no objective or underlying value” whose price relies on social media trends  —  Thailand's Securities and Exchange Commission wont crack a smile at crypto's meme coins.  —  Dogecoin  —  In brief



Amazon raises minimum pay in Germany to 12 euros per hour

Amazon will guarantee an entry-level wage at its German warehouses of 12 euros ($15) an hour, the company said in the face of a long-running battle with a top labour union. https://ift.tt/35foq0I

Profile of Praveen Khandelwal, leader of a network of ~80M SMBs in India with deep ties to Modi, who evokes British colonial looting in his fight against Amazon (Nilesh Christopher/Rest of World)

Nilesh Christopher / Rest of World:
Profile of Praveen Khandelwal, leader of a network of ~80M SMBs in India with deep ties to Modi, who evokes British colonial looting in his fight against Amazon  —  Praveen Khandelwal has built a name fighting against e-commerce.  Now, he's launching his own online marketplace.  —  • BANGALORE, INDIA



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 (Financial Times)

Financial Times:
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  —  JPMorgan estimates stablecoin operator would be one of the largest investors in the US market



Aura, which offers device and identity theft protection including financial fraud monitoring for consumers, raises $150M Series E led by Warburg Pincus (FinSMEs)

FinSMEs:
Aura, which offers device and identity theft protection including financial fraud monitoring for consumers, raises $150M Series E led by Warburg Pincus  —  Aura, a Burlington MA-based company which specializes in digital security for consumers, raised $150M in Series E funding.



Epic trial email suggests Apple manually boosted ranking of its Files app in App Store search results for Dropbox in 2017; Apple says it was a simple mistake (Sean Hollister/The Verge)

Sean Hollister / The Verge:
Epic trial email suggests Apple manually boosted ranking of its Files app in App Store search results for Dropbox in 2017; Apple says it was a simple mistake  —  “We are removing the manual boost and the search results should be more relevant now”  —  In 2019, facing down extensive investigations …



Filing: Byju's raises $350M from UBS, Zoom founder Eric Yuan, Blackstone, and others at a valuation of $16.5B, making it the most valuable startup in India (Manish Singh/TechCrunch)

Manish Singh / TechCrunch:
Filing: Byju's raises $350M from UBS, Zoom founder Eric Yuan, Blackstone, and others at a valuation of $16.5B, making it the most valuable startup in India  —  Edtech giant Byju's has become the most valuable startup in India after raising about $350 million in a new tranche of investment …



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 (Steve Kovach/CNBC)

Steve Kovach / CNBC:
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  —  - Apple on Friday said it didn't know former President Donald Trump's Department of Justice was subpoenaed data on Democrats when it complied with the request.



A look at Coinbase One and other insurance-like plans for crypto users that typically exclude coverage for many kinds of account hacks, including phishing scams (Bloomberg)

Bloomberg : A look at Coinbase One and other insurance-like plans for crypto users that typically exclude coverage for many kinds of acco...