Wall Street Journal:
GroupM: Google, Facebook, and Amazon “triopoly” grew its share of US digital ad market from 80% in 2019 to 90% in 2020, and now collects 50%+ of all US ad spend — The three tech giants now collect more than half of all ad dollars spent in the U.S. The pandemic economy got them there.
Chinese autonomous driving startup Momenta raises $500M from SAIC Motor, Toyota Motor, Bosch, and others — BEIJING (Reuters) - Chinese autonomous driving startup Momenta said on Friday it has received $500 million from SAIC Motor, Toyota Motor and auto parts supplier Bosch, as the global auto industry pursues the autonomous future.
Ryan Faughnder / Los Angeles Times:
MPAA: global video subscriptions grew to 1.1B, up 26% YoY; global spending on home entertainment grew 23% YoY to $68.8B with digital entertainment making up 76% — The number of streaming service subscriptions passed 1 billion worldwide for the first time in 2020, highlighting massive growth …
China-based Tuya, which helps deploy and manage IoT devices, raises $915M in its US IPO and closes its first day of trading up 19% for a market value of $14B — - Tencent-backed software company raised $915 million in listing — Tuya shares priced above target, then rose 19% in debut
Ax Sharma / BleepingComputer:
Researcher shares method for hiding ~3MB of data, like ZIP archives, in Twitter images and says Twitter ruled out a security bug bounty for an earlier method — Yesterday, a researcher disclosed a method of hiding up to three MB of data inside a Twitter image.
Daniele Lepido / Bloomberg:
Ghost Data report exposes a multi-million dollar business of wholesalers using Instagram to sell fake Apple accessories such as counterfeit AirPods worldwide — - Report finds Chinese counterfeit Apple goods flood social site — Apple says it urges removal of 1 million online listings
Frederic Lardinois / TechCrunch:
Stack Overflow says it will add a free tier to its Teams service, limited to 50 users, and it has 1,500 Teams customers, including Microsoft and Box — Stack Overflow is the default Q&A site for programmers (though the overall Stack Exchange network goes well beyond helping you answer your basic PHP questions).
Russell Brandom / The Verge:
Profile of Katie Moussouris, a pioneer of the bug bounty model, who sees her failed lawsuit against Microsoft as a test case for pay equity claims in tech — When she thinks of pay equity these days, Katie Moussouris thinks of her mother Anuncia. — “The fact that she was never …
Ari Levy / CNBC:
Digital health company Grand Rounds, which was last valued at $1.34B, is merging with Doctor On Demand, which was last valued at $875M, in an all-stock deal — - Grand Rounds and Doctor On Demand, two venture-backed digital health companies, are merging in a deal that will form a multibillion-dollar entity.
Connie Loizos / TechCrunch:
Oregon-based Dutchie, an e-commerce platform for cannabis dispensaries, raised $200M Series C at a $1.7B valuation, up nearly eight times from last August — Dutchie, a nearly four-year-old, Bend, Oregon company that charges cannabis dispensaries a monthly fee to create and run their websites …