Lorenzo Franceschi-Bicchierai / VICE:
Inside the Chicken Drumstick video game cheating empire, which made $70M+ from selling cheats for PUBG Mobile before Chinese police and Tencent busted the ring — The cheat-making group known as “Chicken Drumstick” made more than $70 million selling cheats for PUBG Mobile. This is the story of its rise and fall.
Jane Lee / Reuters:
Exabeam, which helps companies monitor cybersecurity threats on their networks, raises $200M Series F at a $2.4B valuation — Exabeam, a Silicon Valley startup that helps companies automate the analysis and monitoring of their cybersecurity data, on Tuesday said it raised $200 million …
Alyse Stanley / Gizmodo:
UN report: a Turkish-made autonomous weaponized drone “hunted down” and attacked a human target without instructions to do so during a 2020 conflict in Libya — A “lethal” weaponized drone “hunted down” and “remotely engaged” human targets without its handlers´ say-so during …
Sam Rutherford / Gizmodo:
Alienware unveils its thinnest 15-inch and 17-inch X-Series gaming laptops with 11th-gen Intel CPUs and Nvidia 30-series GPUs, starting at $2,000 and $2,100 — It´s been a few years since the last time Alienware´s laptops got a big revamp, but with its new X-Series laptops …
China is escalating a crackdown on its online education sector, which received $10B+ in VC funding last year, unraveling plans for several mega-IPOs — - A crackdown on predatory practices unravels mega IPOs — It´s an unprecedented campaign to dial back excesses
Tage Kene-Okafor / TechCrunch:
Chipper Cash, which provides cross-border payments services in Africa and says it has 4M users, raises $100M Series C led by SVB Capital — Fintech in Africa is a goldmine. Investors are betting big on startups offering a plethora of services from payments and lending to neobanks …
Kellie Mejdrich / Politico:
As big financial industry players like Fidelity Investments push SEC to approve Bitcoin-linked ETFs, crypto lobbying efforts meet resistance from US lawmakers — Bitcoin is the biggest of the virtual assets, which unlike the dollar are distributed outside of government control and often operate on a decentralized basis.
Matt Stoller / BIG:
Via Prime, Fulfillment by Amazon, and its Buy Box algorithm, Amazon forces third party Marketplace sellers to keep prices high for consumers across the web — A new antitrust case shows that Prime inflates prices across the board, using the false promise of ‘free shipping’ that is anything but free.
Neil Cybart / Above Avalon:
Through its custom silicon, integrated sensors, design-led focus on user experience, and broad ecosystem, Apple is a decade ahead of rivals in wearables — Last week, Apple quietly unveiled one of the more remarkable pieces of technology that has been developed in the past few years.
Anne Stych / The Business Journals:
Hello Heart, a heart health management app employers can offer their employees as a benefit, raises $45M Series C led by IVP and says its business is up 3X YoY — Digital health management company Hello Heart has completed a $45 million Series C to drive growth.