Dana Mattioli / Wall Street Journal: Sources: Amazon cuts dozens of in-house brands in clothing, furniture, and more to fend off regulators and grow profits; Amazon says Basics will remain a focus  —  Company’s cuts include all but three of its 30 clothing labels, such as Goodthreads and Lark & Ro Lees verder op Tech Meme

Ingrid Lunden / TechCrunch: Check Point acquires rival cybersecurity startup Perimeter 81 in a ~$490M “cash free, debt free” deal; Perimeter 81 raised $100M at a $1B valuation in June 2022  —  There is yet more M&A coming out of the security industry.  In the latest development, Check Point … Lees verder op Tech Meme

Rohan Goswami / CNBC: An interview with X CEO Linda Yaccarino on having “autonomy” under Elon Musk, planning to add video calls, payments between users, brands returning, and more  —  – X CEO Linda Yaccarino explained to CNBC on Thursday why the company decided to get rid of its Twitter branding. Lees verder op Tech Meme

Reuters: Sources: the Kremlin’s fear of a serious tech brain drain is the main factor preventing Moscow from nationalizing the Nasdaq-listed Yandex, which has 20K+ staff  —  The Kremlin’s fear of a serious tech brain drain is the main factor preventing Moscow from nationalising Nasdaq-listed Yandex … Lees verder op Tech Meme

Jing Yang / The Information: Sources: ByteDance’s revenue in China grew 25% YoY in 2022 to $69B, vs. 68% in 2021; overseas revenue grew from $6.5B in 2021 to $16B in 2022, driven by TikTok  —  ByteDance might be best known globally as the parent company of TikTok, but the bulk of its money comes from its home base of China, thanks to its Chinese video app Douyin. Lees verder op Tech Meme

Kyle Wiggers / TechCrunch: Virtualitics, which provides data visualizations that can be viewed in VR and AR, raised a $37M Series C, bringing its total funding to $67M  —  Many companies grapple with data challenges.  In a 2019 survey, Deloitte reports that 67% of executives aren’t comfortable accessing or using the data at their organizations. Lees verder op Tech Meme

Brian Heater / TechCrunch: Skydio shuts down its consumer drone business as it expands enterprise offerings; the company announced a $230M Series E at a $2.2B valuation in February 2023  —  Skydio today announced that it will be shutting down its consumer drone business.  —  Beginning today, the firm will no longer … Lees verder op Tech Meme

Jing Yang / The Information: Sources: ByteDance’s revenue in China grew 25% YoY in 2022 to $69B, vs. 68% in 2021; overseas revenue grew from $6.5B in 2021 to $16B in 2022, thanks to TikTok  —  ByteDance might be best known globally as the parent company of TikTok, but the bulk of its money comes from its home base of China, thanks to its Chinese video app Douyin. Lees verder op Tech Meme