Sunday, October 31, 2021

Huawei reports $71.3billion revenue in first three quarters of 2021

Chinese tech giant Huawei has announced that it generated 455.8 billion yuan (about $71.3 billion) in sales revenue in the first three quarters of 2021 with the net profit margin at 10.2 per cent. https://ift.tt/317WRaz

More customers shopped on Amazon.in, 79% new users from small towns

Amazon India said it has seen the highest number of customers shopping on its platform "than ever before", with 79 per cent of new customers coming from tier II and III towns like Ernakulam and Guntur. https://ift.tt/3BrAMQQ

Australian cyberbullies facing bans under strict laws

Australian cyberbullies could have their online accounts banned under strict world-first laws. https://ift.tt/3Ev0RjZ

German union calls for strikes at seven Amazon sites

https://ift.tt/31dS5s9

India-based grocery delivery startup Zepto emerges from stealth with $60M from Glade Brook Capital, Nexus, Y Combinator, and others (Manish Singh/TechCrunch)

Manish Singh / TechCrunch:
India-based grocery delivery startup Zepto emerges from stealth with $60M from Glade Brook Capital, Nexus, Y Combinator, and others  —  Two 19-year-old entrepreneurs, who have previously collaborated on a number of projects including a ride-hailing commute app for school kids and last year left Stanford …



YouTube's mistaken deletion of a channel belonging to UK news outlet Novara Media draws criticism over the company's power as a content regulator (Adam Satariano/New York Times)

Adam Satariano / New York Times:
YouTube's mistaken deletion of a channel belonging to UK news outlet Novara Media draws criticism over the company's power as a content regulator  —  Novara, a London news group, fell victim to YouTube's opaque and sometimes arbitrary enforcement of its rules.



Binance - What I Hate, Love, and Fear About the Cryptocurrency Exchange

Binance is one of the biggest players in the cryptocurrency ecosystem but it is also facing increasing regulatory scrutiny and legal challenges that could prove to be challenges. A negative impact on... https://ift.tt/3GPjf9l

A look at "creepypasta", ghost stories such as Slender Man that spread online, and how decentralized myth-making can explain the rise of meme stocks and QAnon (Siddharth Venkataramakrishnan/Financial ...)

Siddharth Venkataramakrishnan / Financial Times:
A look at “creepypasta”, ghost stories such as Slender Man that spread online, and how decentralized myth-making can explain the rise of meme stocks and QAnon  —  Or: how the tale of Slender Man can explain the rise of QAnon. … These words, posted on a forum in 2009 …



After a three-day outage, Roblox says it has begun incrementally restoring service to some players (Zack Zwiezen/Kotaku)

Zack Zwiezen / Kotaku:
After a three-day outage, Roblox says it has begun incrementally restoring service to some players  —  According to Roblox's status page, all versions of the game have been down since Oct 28 starting at 7 pm EST  —  Roblox, one of the most popular games in the world, has been down for over …



Estimate: Apple's iOS App Tracking Transparency policy cost Snap, Facebook, Twitter, and YouTube almost $10B in combined lost ad revenues so far (Patrick McGee/Financial Times)

Patrick McGee / Financial Times:
Estimate: Apple's iOS App Tracking Transparency policy cost Snap, Facebook, Twitter, and YouTube almost $10B in combined lost ad revenues so far  —  Forcing apps to ask for permission to track users for advertising purposes leads to big hit for social media platforms



Battery maker ProLogium likely valued at $2-$3 billion in new funding round

Taiwan's ProLogium Technology Co has raised a total of $326 million in its latest funding round from Primavera Capital Group, SoftBank China Venture Capital and others, that likely valued the solid-state lithium battery maker at $2-$3 billion. https://ift.tt/3mti9rx

Industry and government officials say Gaia-X, a project to reduce EU's cloud dependency on US tech giants, is hamstrung by infighting and bloated bureaucracy (Politico)

Politico:
Industry and government officials say Gaia-X, a project to reduce EU's cloud dependency on US tech giants, is hamstrung by infighting and bloated bureaucracy  —  The initiative, meant to boost Europe's cloud services, is failing to fix the problems it was intended to solve.



Popular Game Platform Roblox Has Been Down Since Friday

Popular gaming app and platform Roblox has been down since Friday night, and the company confirmed that the outage is due to an internal issue. It is carrying out the necessary maintenance work to get... https://ift.tt/3muCigP

Experts say sourcing chips has turned almost into a lottery amid the global chip shortage, as wait times have ballooned to 22 weeks as of October (Wall Street Journal)

Wall Street Journal:
Experts say sourcing chips has turned almost into a lottery amid the global chip shortage, as wait times have ballooned to 22 weeks as of October  —  Nearly a year into the crisis, some customers are finding it is taking months more than expected to get needed parts



Electricians are flocking to regions around the US to build data centers, as AI shapes up to be an economy-bending force that creates boom towns (New York Times)

New York Times : Electricians are flocking to regions around the US to build data centers, as AI shapes up to be an economy-bending force...