Tech Roundup: Bumble Speed Dating, Venmo Charity Profiles & More

[A recurring feature on the latest in Science & Technology.]

• South Korean company Naver agrees to acquire fashion marketplace Poshmark for US$ 17.90 per share, representing an enterprise value of about US$ 1.2 billion.
• Google's YouTube tests new feature that requires users to purchase a Premium subscription to watch content in 4K (aka 2160p) resolution; says it's part of an "experiment to know better the feature preferences Premium and non-Premium viewers."
• Apple's music streaming service, Apple Music, surpasses 100 million songs in its catalogue, up from the 30 million upon launch in June 2015. (In comparison, Spotify is estimated to have more than 80 million songs.)
• Twitter officially begins rolling out an option to edit tweets, letting users edit five times in 30 minutes, to Blue subscribers in Canada, Australia, and New Zealand, and in the U.S.; experiments with a wider set of predefined Statuses, labels that users can attach to tweets to add more context and surface content with the same tags.
• PayPal-owned mobile payment app Venmo launches Charity Profiles to allow charities to raise funds and receive donations directly within its app.
• Dating platform Bumble pilots new speed dating feature in the U.K. that allows users to join the app on a designated night and time to engage in brief three-minute chats with other members before seeing their profiles or matching with them.
• Apple's App Store net revenue falls about 5% in September, driven a drop in gaming revenue; marks one of the steepest drops for the business since 2015.

Source: @wongmjane

• An Italian administrative court overturns a previously proposed €200 million fine levelled against Apple and Amazon in 2021 over alleged anti-competitive collusion when selling Apple and Beats products.
• Amazon, Apple, Google, Meta, Microsoft, and others partner with the University of Illinois to launch the Speech Accessibility Project to improve voice recognition for people with disabilities.
• ByteDance-owned TikTok's European business reports over US$ 990 million in 2021 revenue, up from US$ 172 million in 2020, and a US$ 896 million loss due to increased staff spending; to launch live shopping in the U.S. after failed attempts in the U.K.
• Google shuts down its Translate service in mainland China, citing low usage, more than a decade after it pulled its search engine from the market in 2010.
• Yahoo! redesigns its Mail app with new options designed to designed to help users track receipts, shipments, gift cards and "free trial" subscriptions.
• Prosus Ventures terminates its deal to acquire Indian payments company BillDesk for US$ 4.7 billion in cash, saying "certain conditions precedent were not fulfilled."
• Tencent loses its title as China's most valuable company after its shares fall 64% since January 2021, wiping US$ 623 billion in market cap, more than any other firm globally.
• Messaging app Telegram cuts the monthly subscription fee for its premium tier by more than half in India, lowering it from ₹469 to ₹179, less than four months after launching the feature as it attempts to aggressively cash in on a large user base in one of its biggest markets. (Telegram is said to have amassed over 120 million monthly active users in the country.)