A Member of the ‘Squad’ Takes on Cryptocurrency

Last year, when Facebook officials were hauled in front of Congress to defend their plans for a cryptocurrency called Libra, they arrived with a pitch about financial inclusion. With Libra, people anywhere in the world would have access to a common payment network, they said, whether or not they had access to a bank. All it would take was a phone and a Facebook account.

Representative Rashida Tlaib, (D–Michigan) a member of the “squad” of progressive first-term lawmakers, had heard similar pitches before. Her Detroit district, the third-poorest in the country, is populated with the very unbanked people Facebook executives were describing. In the past, they had been promised faster tax returns, paycheck advances, or check cashing without a checking account. But these offerings came with little regulation, and often with excessive fees or interest rates. Now, here was Libra, a cryptocurrency that also seemed poised to fall through the

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DoorDash aims to raise $3.14 billion in much-awaited IPO

(Reuters) – Food delivery startup DoorDash Inc said on Friday it now expects to raise up to $3.14 billion in its U.S. initial public offering (IPO) after lifting its pricing range, signaling a frenzied interest from investors.



a person wearing a helmet: FILE PHOTO: A delivery person for Doordash rides his bike in the rain in the Manhattan borough of New York City


© Reuters/CARLO ALLEGRI
FILE PHOTO: A delivery person for Doordash rides his bike in the rain in the Manhattan borough of New York City

DoorDash, the biggest U.S. third-party delivery company for restaurants, plans to sell 33 million shares at between $90 and $95 apiece, it said in a regulatory filing https://www.sec.gov/Archives/edgar/data/1792789/000119312520309968/d752207ds1a.htm. It had earlier targeted a price range of between $75 and $85 per share.

Founded in 2013, DoorDash is backed by the Vision Fund managed by Japanese tech giant SoftBank Group Corp, venture capital firm Sequoia Capital and the Government of Singapore Investment Corp (GIC), Singapore’s sovereign wealth fund.

Video: DoorDash kicks off IPO roadshow with updated filing (CNBC)

DoorDash kicks

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Union Pacific Stock Vulnerable To Downside Risk After An 80% Rally

Union Pacific stock (NYSE: UNP) is up 12% since the start of the year and it has gained around 78% from its March lows. Union Pacific faces downside risk as the company’s revenues in the last three quarters have declined by 13%. The ongoing Covid-19 crisis and the economic uncertainty has hit the company’s transportation business. This is likely to impact the revenue growth rate of the company – leading to a drop in the stock price.

Following a large 78% rise since the March 23 lows of this year, at the current price near $203 per share, we believe UNP stock has reached its near term potential. UNP stock has rallied from $114 to

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Google AI Researcher Says She Was Fired for Critical Views



a sign in front of a building: Google AI Researcher Says She Was Fired for Critical Views


© TheStreet
Google AI Researcher Says She Was Fired for Critical Views

A prominent Google artificial-intelligence researcher said she was fired over an email she authored expressing dismay with management and the way it handled a review of her research.

In a tweet, Timnit Gebru, 37, who is Black, claimed she was fired from Alphabet-owned Google for refusing to retract a research paper that said AI discriminates against darker-skinned people, and complained about the company in an email to colleagues.

She also criticized Google over its approach to hiring minorities and not doing enough to stamp out biases in AI systems. Gebru, a renowned scientist and one of the few Black women in the field of artificial intelligence, had been co-head of the team at Google examining the ethical ramifications of AI.

The email itself, which was reviewed by The Wall Street Journal, began with “Hi friends,” and then proceeded

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TagMango Raises Seed Round Funding Of INR 5.5 Cr From Y Combinator, Kevin Lin And XRM Media

The company aims to target the next 500 million Internet users of India and to convert creators/influencers into entrepreneurs

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Indian creator monetization startup TagMango on Friday announced that it has raised around INR 5.5 crore in a seed round funding led by Y Combinator, Kevin Lin (co-founder of Twitch), XRM Media, Pioneer Fund, and Angel Investors from the US and UAE.

Tapping into the creator-audience interaction space, the company aims to scale the Indian creator’s ecosystem by empowering homegrown creators with sophisticated monetization channels, tools, and features to build a sustainable business.

And by turning Indian creators into entrepreneurs, the startup aims to foster

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U.S. Is Said in Talks to Resolve Charges Against Huawei CFO

(Bloomberg) — The U.S. Justice Department is in talks about a possible resolution in the legal case against the chief financial officer of Huawei Technologies Co., according to a person familiar with the matter, a simmering dispute that has fueled a clash between the world’s two biggest economies.

No deal or terms have been reached in the discussion about the fate of Meng Wanzhou, said the person, asking not to be identified because the matter is private.



a person standing in front of a building: Huawei CFO Meng Wanzhou Returns To Court


© Bloomberg
Huawei CFO Meng Wanzhou Returns To Court

Meng Wanzhou leaves her home to attend Supreme Court for a hearing in Vancouver, Canada, on Nov. 25.

Photographer: Darryl Dyck/Bloomberg

Justice officials and lawyers have discussed the prospect of a deferred prosecution agreement related to wire and bank fraud charges, which would allow Meng to return home to China from Canada in exchange for admitting wrongdoing in the criminal case, Dow Jones

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Twitter Ends Threaded Conversations Tests After Negative User Feedback

This year, Twitter has been testing threaded replies for some iOS and web users, with the aim of making it easier to see how conversations evolve. However, it turns out the new-look, Reddit-style replies were actually more confusing for users of the typical conversation interface, and the company has decided to roll back the changes.

twitter threaded conversations


Those who trialed the new layout for replies saw lines and indentations that were supposed to make it clearer who is talking to whom and to fit more of the conversation in one view. Twitter also put engagement actions such as Like, Retweet, and Reply icons behind an extra tap in an effort to make replies to conversations easier to follow. The features were first trialed in the experimental twttr beta app and then added to the regular app a few months later.

But negative user feedback made the company revert the branching Twitter conversations

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Trump is targeting China’s national champions on his way out the door

The Trump administration is continuing to inflict damage on China’s prized businesses in its final weeks, with actions that could make it harder for President-elect Joe Biden to rebuild relations once he takes office.



a man standing in front of a building: BINHAI, CHINA - OCTOBER 20: Workers at the construction site of a liquefied natural gas (LNG) terminal invested by China National Offshore Oil Corporation (CNOOC) on October 20, 2020 in Binhai County, Jiangsu Province of China. The first phase of Jiangsu Binhai LNG Terminal project has four same storage tanks, providing a total capacity of 880,000 cubic meters of LNG. (Photo by Li Gen/VCG via Getty Images)


© Li Gen/VCG via Getty Images
BINHAI, CHINA – OCTOBER 20: Workers at the construction site of a liquefied natural gas (LNG) terminal invested by China National Offshore Oil Corporation (CNOOC) on October 20, 2020 in Binhai County, Jiangsu Province of China. The first phase of Jiangsu Binhai LNG Terminal project has four same storage tanks, providing a total capacity of 880,000 cubic meters of LNG. (Photo by Li Gen/VCG via Getty Images)

The latest move came Thursday when the US Department of Defense added China’s top chipmaker SMIC, oil giant CNOOC and several other firms to a list of companies that the department claims are owned or controlled by the Chinese military. That means they’re

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Samsung’s three foldable phones for 2021 outed by research firm

Samsung Galaxy Z Fold 2 artsy

Credit: Eric Zeman / Android Authority

  • Samsung could launch three foldable phones next year, including a budget model.
  • One of the three foldable phones is tipped to come with S-Pen support and an in-display camera.

Samsung can be expected to launch three different foldable phones next year. According to UBI Research (via The Elec), the Korean firm is preparing three types of foldable OLED panels for three foldable models, namely the Galaxy Z Flip 2, Galaxy Z Fold 3, and Galaxy Z Fold Lite.

The Galaxy Z Flip 2 will reportedly feature a 6.7-inch punch-hole display and a 3-inch external screen. If the report is to be believed, the folding main screen is the same size as that of the original Galaxy Z Flip. The outer screen is fairly larger than the 1.1-inch window on the first Flip.

The Galaxy Z Fold 3 is tipped to sport a 7-inch

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Zoom CEO Eric Yuan on the challenges of adapting an enterprise product for consumers

There’s been a lot of talk about the consumerization of IT in the workplace. But in the case of Zoom, the pandemic forced the high-flying video conferencing service to rapidly shift gears in the other direction, resulting in some painful lessons along the way.

Zoom founder and CEO Eric Yuan said despite the company’s culture of always trying to see the world through its customers’ eyes, it had to rethink many of its assumptions when suddenly a wide range of consumers began using Zoom for everything from distance learning to having virtual cocktails with friends.

“On the one hand, we were very excited, because after many years of hard work your dream is coming true of helping people stay connected,” Yuan said. “But then suddenly, you have 30 times more growth than you were expecting, so how do you handle that? You’ve got to work harder.”

Yuan spoke on day

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