Facebook Ant Group is preparing for a massive IPO and Pinterest is relying on iOS widgets. This is your daily crisis for October 26, 2020.
The big story: Facebook launches cloud gaming service
Facebook is launching its own cloud gaming service, although the focus is different from Google's Stadia or Microsoft's xCloud. Rather than trying to recreate the console experience on other devices, the social network gaming service is limited to mobile games, especially to reduce the friction between viewing an ad for a game and playing the game.
The service is started on the Internet and on Android, but is not available on iOS. Facebook blamed Apple's App Store terms and conditions for the absence.
Facebook's Jason Rubin told theinformationsuperhighway that Apple's rules for cloud gaming services "are a series of hurdles that lead to an overall poor customer experience."
The technology giants
Twitter will warn all US users of voting misinformation and late election results. Starting today, Twitter users in the US will see two major notices at the top of their feeds aimed at “preemptively debunking” misinformation related to voting.
Ant Group could bring in up to $ 34.5 billion in IPOs in the world's largest IPO – The long-awaited IPO of Alibaba-affiliated Chinese fintech giant Ant Group could be tens of billions of dollars in double listing in both Shanghai and Shanghai -Dollars bring in Hong Kong stock exchanges.
Pinterest's new widget brings photos from favorite boards to your iOS 14 home screen. As iPhone owners started customizing their iOS 14 home screens with new widgets and custom icons, the downloads and searches for Pinterest iOS soared.
Startups, Financing and Venture Capital
Tencent leads the $ 100 million Series B funding round to China-based esports company VSPN – Founded in 2016, VSPN was one of the pioneers in organizing esports tournaments and creating content outside of Asia.
Linktree raises $ 10.7 million for its lightweight, link-centric user profiles. According to the Melbourne startup, 8 million users, including celebrities like Selena Gomez and brands like Red Bull, have created profiles on the platform.
This startup wants to fix the broken structure of internships. Symba has developed white label software that companies can use to communicate and collaborate with their interns now distributed.
Advice and analysis of extra crunch
Good and bad board members (and what to do about it) – The CircleUp saga raises questions about what goes on behind the scenes at startups and what board members are specifically.
What would Databricks be worth if they went public in 2021? – We have described Databricks as an "obvious IPO candidate" and now an offer actually appears to be in the works.
(Reminder: Extra Crunch is our membership program that aims to democratize information about startups. You can sign up here.)
Everything else
NASA discovers water on the surface of the sunlit part of the moon – We used to know that water existed as ice in the dark part of the moon, but this is still a groundbreaking discovery.
Human Capital: Court Rulings Could Trouble Uber and Lyft as Gig Workers May Finally Become Employees – Megan Rose Dickey has officially launched her newsletter, which focuses on work, diversity and tech inclusion.
Original Content Podcast: "Lovecraft Country" is wonderfully crazy – Bonkers!
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