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VentureBeat

Ubisoft confirms alleged abuser Tommy François has departed the company


Ubisoft confirmed today that game creator Tommy François has left the company after being accused of inappropriate behavior including sexual misconduct.

The move is the latest to happen in the wake of Ubisoft CEO Yves Guillemot’s pledge to overhaul how the company handles employee complaints about harassment, sexual abuse, and other matters. Ubisoft stood out among big game companies in terms of the volume of complaints related to the most recent round of #MeToo sexual abuse allegations to hit the game industry. Read More

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TechCrunch

As threats to the company mount, TikTok pushes back – TechCrunch


As TikTok’s existential rollercoaster ride continues to rattle on, the company is trying to sway regulators and the public with a flood of dollars and arguments wrapped in free enterprise and free speech to ensure that its parent company Bytedance can retain control of its operations.

The push to validate its business comes as reports swirl around a potential Presidential ban and bid from Microsoft to take over the company’s business in the U.S.

As it confronts domestic competitors and political attacks, TikTok and its parent company Bytedance have picked up some defenders from the American civil rights movement. Read More

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The Verge

Apple is now the world’s most valuable publicly traded company


Apple is now the world’s most valuable publicly traded company, passing Saudi Arabia’s state-owned oil company Saudi Aramco. As of close of business Friday, Apple has a market valuation of $1.84 trillion, while Saudi Aramco’s is $1.76 trillion, according to CNBC. Apple’s stock, which has been on a largely-steady climb since the end of March, closed up more than 10 percent on Friday following the company’s record-breaking third-quarter earnings on Thursday, ending the day at $425.04.

Apple’s total revenue for Q3 hit $59.7 billion, up 11 percent from last year. Strong Mac and iPad sales were a highlight, and the company likely saw increased demand for the devices while people have been sheltering in place due to the COVID-19 pandemic. Apple also announced a four-for-one stock split as part of its third quarter earnings, which will lower the price of an individual stock. Read More

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VentureBeat

Apple overtakes Saudi Aramco as world’s most valuable public company


(Reuters) — Apple’s stock hit a record high on Friday after reporting blockbuster quarterly results, helping the iPhone maker briefly overtake Saudi Aramco to become the world’s most valuable publicly listed company.

Apple’s stock surged to as high as $412.22 a share, putting its market capitalization at $1.762 trillion, according to the share count provided by Apple in a regulatory filing on Friday.

Saudi Aramco, which has been the most valuable publicly listed company since going public last year, had a market capitalization of $1.760 trillion as of its last close, according to Refinitiv data. Read More

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TechCrunch

Atlassian acquires asset management company Mindville – TechCrunch


Atlassian today announced that it has acquired Mindville, a Jira-centric enterprise asset management firm based in Sweden. Mindville’s more than 1,700 customers include the likes of NASA, Spotify and Samsung.

Image Credits: Atlassian

With this acquisition, Atlassian is getting into a new market, too, by adding asset management tools to its lineup of services. The company’s flagship product is Mindville Insights, which helps IT, HR, sales, legal and facilities to track assets across a company. It’s completely agnostic as to which assets you are tracking, though, given Atlassian’s user base, most companies will likely use it to track IT assets like servers and laptops. But in addition to physical assets, you also can use the service to automatically import cloud-based servers from AWS, Azure and GCP, for example, and the team has built connectors to services like Service Now and Snow Software, too. Read More

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Engadget

Telegram is the latest company to file an EU antitrust complaint against Apple


A few days ago, Telegram co-founder and CEO Pavel Durov published an open letter concerning Apple’s “30 percent tax on apps.” That includes a claim that running the app store does not cost what Apple generates in revenue, and that app store fees did not exist in the PC era. Durov added that companies also cannot simply build apps for Android instead, thanks to the sheer size of iOS’ install base.

It’s not clear if these arguments, which broadly amount to saying that Apple has too much money, and is too popular, will carry weight with the EU. After all, if Margrethe Vestager is going to build a case, she needs to prove that what Apple is doing is stifling competition and harming users. But even if Telegram’s argument is weak, it’s clear that every developer with an axe to grind against Apple is going to use this as an opportunity. Read More

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The Next Web

TransferWise just let insiders dump $319M in company stock — and Draper Esprit cashed in big


Tech-focused venture fund Draper Esprit announced it has sold its remaining stake in UK fintech darling TransferWise for $22 million.

Draper’s sales were part of a $319 million secondary deal in which TransferWise allowed insiders and early investors to cash in their stock.

The deal awarded TransferWise a private valuation of $5 billion, up 43% since May 2019’s secondary sales. This ranks TransferWise as one of the UK’s top fintech startups, alongside the likes of Klarna and Revolut.

TransferWise chief exec Kristo Käärmann noted secondary rounds like these allow new investors to come in, while simultaneously “rewarding investors and employees who’ve helped us succeed so far.” Read More

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The Next Web

Kodak, now a pharma company, expects drugs to make up 30-40% of its future business


Eastman Kodak stock more than tripled on Tuesday after the company revealed a pivot to pharmaceuticals in support of the US response to the coronavirus pandemic.

According to the Wall Street Journal, Kodak will soon play a role in curbing the US’ reliance on medicines from outside sources like China  starting with producing ingredients for generic drugs like the Donald Trump-touted hydroxychloroquine. 

Kodak chief exec Jim Continenza told WSJ he expects basic pharma ingredients to eventually make up 30% to 40% of the company’s overall business. Read More

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The Verge

Intel’s hardware chief is leaving the company


The executive in charge of almost all of Intel’s hardware, chief engineering officer Dr. Venkata (Murthy) Renduchintala, is leaving the company on August 3rd, Intel announced on Monday.

His departure comes on the heels of Intel’s announcement that its next-gen 7nm chips are delayed until at least 2022, and after years of delays for the company’s 10nm processors as well, which bottlenecked advancements for much of the laptop industry. Intel did not cite a specific reason for Renduchintala’s departure. Read More

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The Next Web

How your company can limit its liability for US data collection lawsuits

This article was originally published by Built In.

As families and schools across the country adjust to the new normal of remote learning, litigants are heading to court claiming that the very technologies that make remote learning feasible may be impermissibly collecting children’s personal data.

Allegations that remote learning tools are violating the Children’s Online Privacy Protection Act are coming from both state and private litigants. COPPA requires online providers that collect the data of children under 13 years of age to take specific measures to protect that data, including privacy policies, parental consent and reasonable data security practices. Read More