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Good morning! This is the tech news you need to understand this Thursday.
- Amazon revealed a vast range of brand-new devices on Wednesday consisting of the $130 ‘Echo Buds’ that come with Bose noise-canceling technology and a high-end Echo wise speaker to handle Apple’s HomePod and the Google House Max The big focus for Amazon’s item blitz was Alexa-powered electronics, as Amazon moves from smart speakers to clever house.
- Peloton priced its IPO at the top of its range, raking in $1.2 billion and providing it an assessment of more than $8 billion The business anticipates its shares to begin trading on the Nasdaq on Thursday.
- Facebook has actually been hit with a new investigation by the United States government, this time from the justice department It will mark the 4th recent examination of the social networks business.
- WeWork is apparently not likely to go public this year– and countless layoffs could be coming According to a Wall Street Journal reported, WeWork’s new co-CEOs, Artie Minson and Sebastian Gunningham, are thinking about “a few thousand” layoffs in the coming months to cut expenses at the company.
- YouTube stated it will not ban politicians from using its platform even if content violates the company’s guidelines Facebook’s Nick Clegg made a similar commitment previously in the week saying: “It is not our role to step in when political leaders speak.”
- 5 years after buying Oculus for $2B, Facebook says that VR is prepared to take off The social media giant revealed its prepare for VR and its annual developer’s conference on Wednesday.
- Internal files showed TikTok censoring topics that would anger China Internal documents examined by The Guardian showed that the short-form video app was instructing moderators to censor political content that was likely to anger the Chinese federal government.
- The CEO of eBay quickly stepped down from the business on Wednesday eBay likewise said that it was continuing a tactical review of its properties, consisting of the ticket-sales website StubHub and the Classifieds Group.
- Tinder’s parent business Match Group saw shares tumble after the Federal Trade Commission revealed a claim declaring the company used fake love-interest ads to tempt consumers into buying memberships The firm implicated Match Group of unfairly exposing customers to risk of fraud, and providing “false guarantees of ‘guarantees'” for subscribers.
- Samsung is positioning the revamped Galaxy Fold as a luxury device where users get their own consumer support concierge who will pertain to you wherever you are The $2,000 Galaxy Fold comes included with Samsung’s ” Galaxy Fold Premier Service” concierge support for the life time of the device.
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