US-based game publisher Devolver Digital raises around $261M in a London IPO, at a valuation of about $950M (James Batchelor/GamesIndustry.biz)

James Batchelor / GamesIndustry.biz:
US-based game publisher Devolver Digital raises around $261M in a London IPO, at a valuation of about $950M  —  Fall Guys publisher is biggest US firm to trade on AIM, Sony Interactive Entertainment makes 5% investment in Devolver  —  Devolver Digital has begun trading on AIM …

Nintendo says it doesn't see "component shortages recovering" at the moment as it cuts Switch sales target from 25.5M to 24M for FY 2021 (Takashi Mochizuki/Bloomberg)

Takashi Mochizuki / Bloomberg:
Nintendo says it doesn't see “component shortages recovering” at the moment as it cuts Switch sales target from 25.5M to 24M for FY 2021  —  - Company upgrades operating profit outlook citing FX rates  — Sustaining sales momentum will depend heavily on OLED model

Cloudbeds, which makes management software for the hospitality industry, raises a $150M Series D led by SoftBank Vision Fund 2, bringing total funding to $253M (Christine Hall/TechCrunch)

Christine Hall / TechCrunch:
Cloudbeds, which makes management software for the hospitality industry, raises a $150M Series D led by SoftBank Vision Fund 2, bringing total funding to $253M  —  As U.S. hotel occupancy hit pre-pandemic levels this summer, the hospitality industry is bracing for what is expected to be a rush of activity as people resume travel.

Eternals Review: Marvel's New Ensemble Crushes Oscar-Winning Director

Eternals movie review: Oscar winner Chloé Zhao delivers a big and beautiful film, but the weight of Marvel's immortal ensemble is too much for her. Eternals release date is November 5 in India.... https://ift.tt/3BOvP4K

Sources say Masayoshi Son's profit-sharing plan for Vision Fund employees is contributing to a stream of defections, because it is based primarily on seniority (Bloomberg)

Bloomberg:
Sources say Masayoshi Son's profit-sharing plan for Vision Fund employees is contributing to a stream of defections, because it is based primarily on seniority  —  Ever since billionaire investor Masayoshi Son set up the giant Vision Fund in 2017 to provide backing for technology startups …

PitchBook: female-founded startups raised a record $40.4B across 2,661 VC deals in the first three quarters of 2021, with the value of exits reaching $59B (Biz Carson/Protocol)

Biz Carson / Protocol:
PitchBook: female-founded startups raised a record $40.4B across 2,661 VC deals in the first three quarters of 2021, with the value of exits reaching $59B  —  The pandemic took a toll on female founders in 2020: Funding to their companies fell 3% even in a bullish startup climate that saw overall venture funding rise by 16%.

Microsoft's Mesh for Teams Brings 3D Avatars and Environments to Meetings

Microsoft at its Ignite conference announced the launch of Mesh for Microsoft Teams. With the new technology, users will be able to create their animated avatars for online meetings. It will allow... https://ift.tt/3EEbbpG

Lenovo Says Global Chip Shortage to Persist as Profit Jumps

Lenovo said that a global chip shortage would persist into the first half of next year as it reported a 65 percent rise in second-quarter profit. https://ift.tt/3q6IH48

Paytm Signs Up Over 100 Institutional Investors for IPO

Paytm said it has allocated shares worth Rs. 8,235 crore to more than 100 institutional investors, including the government of Singapore, ahead of what is expected to be India's largest stock market... https://ift.tt/3qb5egh

Crypto Exchange KuCoin Opens Virtual Office in Metaverse Skyscraper

KuCoin announced its entry into the metaverse by launching a new office into a virtual skyscraper. A new crypto coin called "BLOK" has also been listed as the native token of Bloktopia. https://ift.tt/3nZOTrI

Samsung Galaxy Tab A8 Specifications Tipped by Geekbench Listing

Samsung Galaxy Tab A8 has been spotted on Geekbench with model number SM-X200 and SM-X205.The former belongs to the Wi-Fi model and the latter belongs to the LTE variant. The SM-X205 model was also... https://ift.tt/3wiP6ua

Facebook Removes Ethiopian Prime Minister's Post for Inciting Violence

Facebook says it has removed a post by Ethiopia's prime minister that urged citizens to rise up and "bury" the rival Tigray forces who now threaten the capital as the country's war reaches the... https://ift.tt/31uuPX8

Boeing Gets US Nod for Satellite Grid to Provide Internet From Space

Boeing gained US authorisation for a project to launch satellites that will provide Internet services from space. https://ift.tt/2YfRsgB

Google to Allow Third-Party App Payments for First Time in South Korea

Google said it plans to allow third-party payment systems in South Korea to comply with a new law, marking the first time the US tech giant has amended its payment policy for a specific country. https://ift.tt/3q20vxj

Google News will return to Spain "early next year" following a change to Spain's copyright laws that will let Google negotiate fees with individual publishers (James Vincent/The Verge)

James Vincent / The Verge:
Google News will return to Spain “early next year” following a change to Spain's copyright laws that will let Google negotiate fees with individual publishers  —  Spain has changed its copyright law in accordance with EU legislation  —  Who should get paid when big tech platforms aggregate news stories?