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COO of Yandex talks about revenue fall in its online ads and taxi businesses due to COVID-19, hopes increased demand for its delivery apps can mitigate losses (Max Seddon/Financial Times)

Max Seddon / Financial Times: COO of Yandex talks about revenue fall in its online ads and taxi businesses due to COVID-19, hopes increased demand for its delivery apps can mitigate losses  —  Fall in revenues for tech giant’s online advertising and taxi businesses offset by surge in demand for delivery services COO of Yandex

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Singapore-based Validus, a P2P lending service for SMBs and accredited investors, raises $20M for its ongoing Series B+ round, bringing total raised to ~$40M (Catherine Shu/TechCrunch)

Catherine Shu / TechCrunch: Singapore-based Validus, a P2P lending service for SMBs and accredited investors, raises $20M for its ongoing Series B+ round, bringing total raised to ~$40M  —  Small- to medium-sized businesses are one of the most important parts of Southeast Asia’s economy, but many have trouble securing growth capital … Singapore-based Validus, a

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Iceland's contract tracing app has ~38% adoption, the highest in the world, among its population of 364,000, but its impact on containing COVID-19 seems small (Bobbie Johnson/MIT Technology Review)

Bobbie Johnson / MIT Technology Review: Iceland’s contract tracing app has ~38% adoption, the highest in the world, among its population of 364,000, but its impact on containing COVID-19 seems small  —  The country has the highest penetration of any automated contact tracing app in the world, but one senior figure says it “wasn’t a

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Musk reopens Tesla factory against local rules: ‘If anyone is arrested, I ask that it only be me’

Elon Musk is reopening Tesla‘s Fremont factory, defying a shelter-in-place order throughout California’s Alameda county. Naturally, the CEO made the announcement on Twitter, and with a flair of martyrdom to boot: Tesla is restarting production today against Alameda County rules. I will be on the line with everyone else. If anyone is arrested, I ask

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Twitter announces the appointment of Stanford professor and former Google AI chief Fei-Fei Li to its board as an independent director, effective immediately (Tyler Sonnemaker/Business Insider)

Tyler Sonnemaker / Business Insider: Twitter announces the appointment of Stanford professor and former Google AI chief Fei-Fei Li to its board as an independent director, effective immediately  —  – Twitter has added former Google AI chief Dr. Fei-Fei Li to its board of directors, the company announced in a press release Monday. Twitter announces

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Equity management platform Carta is planning to launch CartaX, a private share trading platform to rival Nasdaq, this summer for companies worth $1B+ (Miles Kruppa/Financial Times)

Miles Kruppa / Financial Times: Equity management platform Carta is planning to launch CartaX, a private share trading platform to rival Nasdaq, this summer for companies worth $1B+  —  Silicon Valley start-up poised to launch exchange as tech companies delay IPOs  —  The Silicon Valley start-up Carta is planning to launch … Equity management platform

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There is only around $8M in bitcoin on the Lightning Network about two years after launching in beta, less than the ~$11.5M locked up in Ethereum wallet dapps (Liam Frost/Decrypt)

Liam Frost / Decrypt: There is only around $8M in bitcoin on the Lightning Network about two years after launching in beta, less than the ~$11.5M locked up in Ethereum wallet dapps  —  Recent data shows that the total amount of Bitcoin in circulation on the Ethereum blockchain is currently higher than in Bitcoin’s …

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How big should Joe Biden be

Makena Kelly No one knows exactly what the Democratic National Convention will look like this year, with social distancing restrictions still in place in Wisconsin and across the country. It’s already been moved to the end of the summer, and top Democrats like Nancy Pelosi have suggested holding it in a gigantic empty stadium to

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