- Reddit says it averaged 52M DAUs in October, up 44% YoY, disclosing the metric for the first time; ad revenue hit $100M+ in 2019, on track to rise 70%+ in 2020 (Sahil Patel/Wall Street Journal)
- French startup Ankorstore, which is building a wholesale marketplace connecting independent shop owners with brands, raises $29.9M Series A (Romain Dillet/TechCrunch)
- E-commerce is in a flux for luxury brands, with Amazon on one side and a new alliance, including LVMH, Kering, Farfetch, and Richemont, on the other (New York Times)
- Report: in the past six months 79% of US consumers played a video game, with time spent playing games up 26% YoY, and user spending up 33% YoY (Jeff Grubb/VentureBeat)
- Members of rehab groups like Alcoholics Anonymous say moving meetings online was helpful due to the convenience of virtual sessions, which feel more intimate (Matt Richtel/New York Times)
- Amazon launches EC2 Mac instances bringing the Intel-based Mac mini to its cloud for $1.083 per hour billed by the second (Frederic Lardinois/TechCrunch)
- Totum Labs, which is developing low earth orbit nanosatellites for global IoT connectivity, raises $13M Series A led by Heroic Ventures and Space Capital (Nickie Louise/TechStartups.com)
- Mursion, which offers VR training to practice human skills, such as emotional intelligence, in the workplace, announces $20M Series B led by Leeds Illuminate (Lee Clifford/Fortune)
- S&P Global has agreed to acquire IHS Markit for about $44B in an all-stock deal, which would merge two of the largest providers of financial data and analysis (Wall Street Journal)
- Sources: Gitlab is letting employees sell their equity in an offering that values the company over $6B, up from a valuation of $2.7B in September 2019 (Ari Levy/CNBC)
- Facebook to launch Facebook News in the UK in Jan. 2021, says it will pay publishers for news not already on its platform; most big UK publishers have signed up (Jim Waterson/The Guardian)
- SCOTUS worries about CFAA's sweeping nature, with Justice Gorsuch saying that the US government's view of the law risks "making a federal criminal of us all" (Eric Geller/Politico)
- Zoom reports Q3 revenue of $777.2M, up 367% YoY, vs. $694M est., and customers with 10+ employees rose to ~433,700, up 485% YoY, higher than Q2's 355% growth (Jordan Novet/CNBC)
- Sources: Apple suggested edits to a draft of Uyghur Forced Labor Prevention Act, extending some deadlines, limiting release of some info to the public, and more (Ana Swanson/New York Times)
- Infogrid, which uses AI to help plan the retrofitting of buildings with IoT, raises $15.5M Series A led by Northzone (Mike Butcher/TechCrunch)
