Business Insider – 10 things in tech you need to know todayEstimated Reading Time: just 2 min

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Ren Zhengfei Huawei
Ren Zhengfei, Huawei CEO.

AP Photo/Vincent Yu

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  1. Twitter will never lift Trump’s ban. CFO Ned Segal confirmed that Donald Trump’s ban from the platform is a permanent one – even if the former president decides to seek public office again. 
  2. Facebook shut down a group hyping bleach as a COVID-19 cure. The action came after Insider flagged the groups promoting chlorine dioxide.
  3. Huawei wants to be off the security threat list. The Chinese smartphone giant filed a lawsuit with the New Orleans fifth circuit court of appeals, claiming the Federal Communications Commission unlawfully designated Huawei a national security threat in June.
  4. Facebook wants its own Clubhouse. The firm has a team working on a new project that aims to replicate the core functionality of the buzzy new social media app, Clubhouse, the New York Times reported on Wednesday.
  5. Uber beat its Q4 expectations. The firm on Wednesday reported it had beat Wall Street’s expectations on earnings but missed on revenue expectations, while posting its eleventh consecutive unprofitable quarter.
  6. An ethical hacker breached Apple, Microsoft, Netflix, and other firms. Alex Birsan carried out the hacks after closely reading code that firms uploaded to open-source repositories hosted by companies like GitHub, he said in the blog post.
  7. Premium: We dove into why Google is threatening to leave Australia. The threat comes after years of wrangling with news moguls like Rupert Murdoch, and as lawmakers fear the search engine is too powerful.
  8. Exclusive:  StockX is set to IPO as early as this year. The exact timing of the initial public offering, as well as the potential valuation, is still being determined, said one person who asked to not be identified discussing private information. 
  9. Exclusive: There’s intense pressure at seed-stage investing. Wealthier, "multistage" firms have descending into seed investing with a fervor not seen since the early 2010s, pressuring seed-stage investors.
  10. Exclusive: We got hold of Libeo’s pitch deck. The French fintech firm raised $24 million from DST Global.
Read the original article on Business Insider

Source: Business Insider
Author: (Shona Ghosh)
Date: 2021 02 11

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