10 things in tech you need to know today
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- Ant Financial is going public. Ant Group, led by Chinese billionaire Jack Ma, will raise $34.5 billion in a dual public offering in Shanghai and Hong Kong, per CNBC.
- Facebook is getting into cloud gaming. The social network unveiled five free-to-play titles across its apps, though the games won't be available on iOS thanks to an ongoing feud with Apple.
- Facebook is tired of warring with Apple. The company said Apple's refusal to permit in-app games was "frustrating."
- A surveillance startup is under fire over internal harassment. Employees at Verkada accessed the company's facial recognition system to take photos of women colleagues and make sexually explicit jokes, per Motherboard.
- SAP cut its profit outlook. It triggered a stock selloff that also turned the spotlight on demand in the enterprise software market.
- A former Facebook moderator warned of election violence. Viana Ferguson, a former Facebook content moderator, said there would "definitely" be calls for violence after the election, regardless of the winner.
- Twitter is planning to stop election misinformation. The social media giant said it would begin placing messages at the top of users' feeds to pre-emptively debunk false information about voting by mail and election results, per NBC.
- Tech giants avoid tax. ActionAid estimates that poorer countries are missing out on up to $2.8 billion in tax revenue that could be used to tackle the pandemic from companies like Google, Facebook and Microsoft.
- Vinted acquired United Wardrobe. European secondhand fashion unicorn Vinted exclusively confirmed its acquisition of smaller Dutch challenger United Wardrobe for an undisclosed amount.
- Buzzy fintech PrimaryBid raises funding. The startup raised a $50 million Series B in a round led by OMERS Ventures to democratize stock market access for retail investors.
- Airtel's India business is back in the black after a very long time
- Sequoia and PayPal-backed Pine Labs completes a first close of $285 million funding round from new investors
- BJP spent significantly less on advertising during Kerala elections this year, its ad insertions on TV, Radio and Print decreased from 21% in 2016 to 1% in 2021
- Google I/O 2021: Here's what to expect from Google's biggest annual conference
- ISRO announces its decision to share technology to make portable medical oxygen concentrators developed by VSSC