10 things in tech you need to know today

Peloton

Peloton is charging forward with its initial public offering.

Good morning! This is the tech news you need to know this Thursday.

1. Amazon unveiled a vast array of new gadgets on Wednesday including the $130 'Echo Buds' that come with Bose noise-canceling technology and a high-end Echo smart speaker to take on Apple's HomePod and the Google Home Max. The big focus for Amazon's product blitz was Alexa-powered electronics, as Amazon moves from smart speakers to smart home.
2. Peloton priced its IPO at the top of its range, raking in $1.2 billion and giving it a valuation of more than $8 billion. The company expects its shares to begin trading on the Nasdaq on Thursday.
3. Facebook has been hit with a new investigation by the US government, this time from the justice department. It will mark the fourth recent investigation of the social media company.
4. WeWork is reportedly unlikely to go public this year - and thousands of layoffs could be coming. According to a Wall Street Journal reported, WeWork's new co-CEOs, Artie Minson and Sebastian Gunningham, are considering "a few thousand" layoffs in the coming months to cut costs at the company.
5. YouTube said it won't ban politicians from using its platform even if content violates the company's guidelines. Facebook's Nick Clegg made a similar commitment earlier in the week saying: "It is not our role to intervene when politicians speak."
6. Five years after buying Oculus for $2B, Facebook says that VR is ready to take off. The social media giant unveiled its plans for VR and its annual developer's conference on Wednesday.
7. Internal documents showed TikTok censoring topics that would anger China. Internal documents reviewed by The Guardian showed that the short-form video app was instructing moderators to censor political content that was likely to anger the Chinese government.
8. The CEO of eBay abruptly stepped down from the company on Wednesday. eBay also said that it was continuing a strategic review of its assets, including the ticket-sales website StubHub and the Classifieds Group.
9. Tinder's parent company Match Group saw shares tumble after the Federal Trade Commission announced a lawsuit alleging the company used fake love-interest ads to lure consumers into buying subscriptions. The agency accused Match Group of unfairly exposing customers to risk of fraud, and issuing "false promises of 'guarantees'" for subscribers.
10. Samsung is positioning the revamped Galaxy Fold as a luxury device where users get their own customer support concierge who will come to you wherever you are. The $2,000 Galaxy Fold comes included with Samsung's "Galaxy Fold Premier Service" concierge support for the lifetime of the device.

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