Facebook may have to sell Giphy on Britain's competition concerns

Facebook, the world's largest social media company, bought Giphy, a website for making and sharing animated images, or GIFs, in May last year to integrate it with its photo-sharing app, Instagram. https://ift.tt/3xIBPdj

Foxconn's Q2 profit beats estimates as pandemic drives tech demand

The world's largest contract electronics maker reported April-June net profit of T$29.779 billion ($1.07 billion), up 30% from a year earlier. That compared to a Refinitiv consensus estimate of T$25.98 billion drawn from 12 analysts. https://ift.tt/3fWHQx2

Baidu revenue tops estimates on ad sales rebound

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Toshiba returns to Q1 profit, in line with estimates

The Japanese conglomerate, which is conducting a strategic review, posted an operating profit of 14.53 billion yen ($132 million) for the April-June quarter, reversing a year-earlier loss of 12.64 billion yen. https://ift.tt/37ypyO5

Samsung Galaxy Z Fold 3 vs Galaxy Z Flip 3: What's same and different in Samsung's new foldable phones

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Spotify's Wear OS App Now Allows Users to Download Songs: Learn How

Spotify's updated Wear OS app is getting the ability to download media on smartwatches. Alongside, the wearable app also gets a redesigned user interface (UI). The update has been rolled out to the... https://ift.tt/3iFtKSh

Facebook Accused of Unfairly Taking Content by 3 Australian Publishers

Three Australian publishers of lifestyle content say Facebook has used their articles on its just-launched news service after refusing to negotiate licensing deals, and that the country's tough new... https://ift.tt/3AzRptr

Baidu reports $4.8B in Q2 revenue, up 20% YoY and beating estimates, and $90M net loss after writing down shares in Kuaishou, which sank 28% across the quarter (Zheping Huang/Bloomberg)

Zheping Huang / Bloomberg:
Baidu reports $4.8B in Q2 revenue, up 20% YoY and beating estimates, and $90M net loss after writing down shares in Kuaishou, which sank 28% across the quarter  —  - Search giant swung to a loss after marking down Kuaishou stake  — Shares of Baidu fell in pre-market trading in New York

UK's CMA says it has provisionally found that Facebook's Giphy acquisition could negatively impact competition, such as by denying competitors access to GIFs (Naman Ramachandran/Variety)

Naman Ramachandran / Variety:
UK's CMA says it has provisionally found that Facebook's Giphy acquisition could negatively impact competition, such as by denying competitors access to GIFs  —  The merger of social media giant Facebook and Giphy, the largest provider of GIFs, has run into a roadblock from the U.K.'s Competition and Markets Authority (CMA).

After Alibaba fired an employee accused of rape, over 6,000 workers sign a letter urging it to ban sexual remarks and games in ice-breaking and business events (Li Yuan/New York Times)

Li Yuan / New York Times:
After Alibaba fired an employee accused of rape, over 6,000 workers sign a letter urging it to ban sexual remarks and games in ice-breaking and business events  —  Sexually suggestive office games, boozy dinners and a culture of ignoring problems have long plagued the industry.  Changing it will still be hard.

US grocery delivery startup Gopuff says it has acquired British competitor Dija, which was founded in Dec. 2020 and has raised $20M seed, to expand into Europe (Ryan Browne/CNBC)

Ryan Browne / CNBC:
US grocery delivery startup Gopuff says it has acquired British competitor Dija, which was founded in Dec. 2020 and has raised $20M seed, to expand into Europe  —  - U.S. grocery delivery firm Gopuff is acquiring British competitor Dija to expand into Europe.

Filing: hedge fund Baupost Group has acquired a 3.5% stake in Just Eat Takeaway.com, worth about $654M (Bloomberg)

Bloomberg:
Filing: hedge fund Baupost Group has acquired a 3.5% stake in Just Eat Takeaway.com, worth about $654M  —  - Grocery and restaurant delivery orders via apps have surged  — Just Eat Takeaway's share price is down about 19% this year  —  Seth Klarman's hedge fund, Baupost Group …

Lionel Messi's new contract with Paris St Germain includes a "large number" of crypto $PSG Fan Tokens from Socios.com, which let holders vote on minor decisions (Simon Evans/Reuters)

Simon Evans / Reuters:
Lionel Messi's new contract with Paris St Germain includes a “large number” of crypto $PSG Fan Tokens from Socios.com, which let holders vote on minor decisions  —  Argentine soccer star Lionel Messi's transfer to French club Paris St Germain included a payment in cryptocurrency fan tokens …

Talkdesk, which provides cloud-based call center software, raises $230M Series D at a $10B valuation, following $143M Series C at a $3B valuation from last July (Christine Hall/TechCrunch)

Christine Hall / TechCrunch:
Talkdesk, which provides cloud-based call center software, raises $230M Series D at a $10B valuation, following $143M Series C at a $3B valuation from last July  —  Talkdesk, a provider of cloud-based contact center software, announced $230 million in new Series D funding that more than triples …

Snap creators say they are leaving Snapchat's Spotlight feature as payments have dried up after June 1, with some moving to YouTube, Instagram, and TikTok (CNBC)

CNBC:
Snap creators say they are leaving Snapchat's Spotlight feature as payments have dried up after June 1, with some moving to YouTube, Instagram, and TikTok  —  - Creators say they're leaving Snapchat's Spotlight feature after payments on the service had dried up.