Good morning! This is the tech news you need to know this Tuesday. Sign up here to get this email in your inbox every morning.
Have an Amazon Alexa device? Listen to this update by searching "Business Insider" in your flash briefing settings.
- Ant Financial is going public. Ant Group, led by Chinese billionaire Jack Ma, will raise $34.5 billion in a dual public offering in Shanghai and Hong Kong, per CNBC.
- Facebook is getting into cloud gaming. The social network unveiled five free-to-play titles across its apps, though the games won't be available on iOS thanks to an ongoing feud with Apple.
- Facebook is tired of warring with Apple. The company said Apple's refusal to permit in-app games was "frustrating."
- A surveillance startup is under fire over internal harassment. Employees at Verkada accessed the company's facial recognition system to take photos of women colleagues and make sexually explicit jokes, per Motherboard.
- SAP cut its profit outlook. It triggered a stock selloff that also turned the spotlight on demand in the enterprise software market.
- A former Facebook moderator warned of election violence. Viana Ferguson, a former Facebook content moderator, said there would "definitely" be calls for violence after the election, regardless of the winner.
- Twitter is planning to stop election misinformation. The social media giant said it would begin placing messages at the top of users' feeds to pre-emptively debunk false information about voting by mail and election results, per NBC.
- Tech giants avoid tax. ActionAid estimates that poorer countries are missing out on up to $2.8 billion in tax revenue that could be used to tackle the pandemic from companies like Google, Facebook and Microsoft.
- Vinted acquired United Wardrobe. European secondhand fashion unicorn Vinted exclusively confirmed its acquisition of smaller Dutch challenger United Wardrobe for an undisclosed amount.
- Buzzy fintech PrimaryBid raises funding. The startup raised a $50 million Series B in a round led by OMERS Ventures to democratize stock market access for retail investors.
Source: Read Full Article