Facebook gets into cloud gaming while continuing its public dispute with Apple, Ant Group prepares for a massive IPO and Pinterest embraces iOS widgets. This is your Daily Crunch for October 26, 2020.
The big story: Facebook launches cloud gaming service
Facebook is launching a cloud gaming service of its very own, 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’s gaming service is limited to mobile games, particularly on reducing the friction between seeing an ad for a game and playing the game.
The service is launching on the web and on Android, but it’s not available on iOS. Facebook blamed Apple’s App Store terms and conditions for the absence.
Facebook’s Jason Rubin told TechCrunch that Apple’s rules for cloud gaming service present “a sequence of hurdles that altogether make a bad consumer experience.”
The tech giants
Twitter will show all U.S. users warnings about voting misinfo and delayed election results — Starting today, Twitter users in the U.S. will see two large notices at the top of their feeds that aim to “preemptively debunk” misinformation related to voting.
Ant Group could raise as much as $34.5B in IPO in what would be world’s largest IPO — The long-anticipated IPO of Alibaba-affiliated Chinese fintech giant Ant Group could raise tens of billions of dollars in a dual-listing on both the Shanghai and Hong Kong exchanges.
Pinterest’s new widget brings photos from favorite boards to your iOS 14 home screen — As iPhone owners began customizing their iOS 14 home screens with new widgets and custom icons, Pinterest iOS downloads and searches surged.
Startups, funding and venture capital
Tencent leads $100M Series B funding round into China-based esport provider VSPN — Founded in 2016, VSPN was one of the early pioneers in esports tournament organization and content creation out of Asia.
Linktree raises $10.7M for its lightweight, link-centric user profiles — The Melbourne startup says that 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 created white-label software to help companies communicate and collaborate with their now-distributed interns.
Advice and analysis from Extra Crunch
Good and bad board members (and what to do about them) — The CircleUp saga brings up questions about what happens behind the scenes at startups and about board composition specifically.
What would Databricks be worth in a 2021 IPO? — We’ve described Databricks as “an obvious IPO candidate,” and now it sounds like an offering is indeed in the works.
(Reminder: Extra Crunch is our membership program, which aims to democratize information about startups. You can sign up here.)
NASA discovers water on the surface of the sunlit portion of the moon — Previously, we knew that water was present as ice on the dark part of the moon, but this is still a groundbreaking discovery.
Human Capital: Court ruling could mean trouble for Uber and Lyft as gig workers may finally become employees — Megan Rose Dickey has officially launched her newsletter focused on labor, diversity and inclusion in tech.
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