| | [Reuters] Reuters ahead with Stripe IPO news
UGN Security 07/09/21 01:16 PM 0
Reuters was first to report that digital payments processor Stripe Inc, the most valuable U.S. technology startup, has taken its first major step toward a stock market debut by hiring a law firm to help with preparations. The 11-year-old company, which was valued by investors at $95 billion in a fundraising round in March, has sat out this year’s red-hot market for initial public offerings (IPOs), using private tender offers to allow some of its existing investors and employees to cash out their holdings.
The post Reuters ahead with Stripe IPO news appeared first on Reuters News Agency.
| | [Reuters] Reuters ahead with Noom IPO news
UGN Security 07/08/21 01:20 PM 0
Reuters was also first with news that Noom Inc, the operator of the popular U.S. weight loss app, has hired investment bank Goldman Sachs Group Inc to lead its preparations for an IPO. The New York-based company, which has seen the popularity of its fitness platform soar during the COVID-19 pandemic, aims to more than double its valuation from its May private fundraising round when investors led by buyout firm Silver Lake valued it at $3.7 billion.
The post Reuters ahead with Noom IPO news appeared first on Reuters News Agency.
| | [Reuters] YouTube restores channel after Reuters inquiry into removal of Xinjiang videos
UGN Security 06/25/21 05:59 PM 0
Reuters exclusively reported that a human rights group which had attracted millions of views on YouTube to testimonies from people who say their families have disappeared in China’s Xinjiang region is moving its videos to little-known service Odysee after some were taken down by the Google-owned streaming giant. Atajurt Kazakh Human Rights’ channel has published nearly 11,000 videos on YouTube totaling over 120 million views since 2017, thousands of which feature people speaking to camera about relatives they say have disappeared without a trace in China’s Xinjiang region, where UN experts and rights groups estimate over a million people have been detained in recent years. The channel was blocked on June 15.
Following inquiries from Reuters as to why the channel was removed, YouTube restored it, explaining that it had received multiple so-called ‘strikes’ for videos which contained people holding up ID cards to prove they were related to the missing, violating a YouTube policy which prohibits personally identifiable information from appearing in its content. They reinstated the channel on June 18 but asked Atajurt to blur the IDs.
The post YouTube restores channel after Reuters inquiry into removal of Xinjiang videos appeared first on Reuters News Agency.
| | [Reuters] Reuters reveals EU wants firm pledges from tech giants in fake news fight
UGN Security 05/19/21 02:11 PM 0
Reuters revealed that Facebook, Alphabet unit Google and other tech giants will have to pledge to do more to curb the monetization of false information through advertisement placements, according to a European Commission document. The EU also wants smaller social media or search services, private messaging services, ad exchanges, ad-tech providers, communication agencies and e-payment services, e-commerce platforms and crowdfunding/donation systems to commit to do the same. The proposal is one of several that aim to address shortcomings in the voluntary code of practice on disinformation introduced in 2018 and to which Google, Facebook, Twitter, Microsoft, Mozilla and TikTok have signed up.
The post Reuters reveals EU wants firm pledges from tech giants in fake news fight appeared first on Reuters News Agency.
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