Google is paying a lot of money for its news licensing program, Microsoft announces an affordable laptop and Facebook says it won’t accept ads casting doubts on the election. This is your Daily Crunch for October 1, 2020.
The big story: Google commits $1B to pay publishers
Specifically, CEO Sundar Pichai said today that the company will be paying $1 billion to news publishers to license their content for a new format called the Google News Showcase — basically, panels highlighting stories from partner publishers in Google News.
Google outlined the broad strokes of this plan over the summer, but now it’s actually launching, and it has signed deals with 200 publications in Germany, Brazil, Argentina, Canada, the U.K. and Australia.
This announcement also comes as Google and Facebook are both facing battles in a number of countries as regulators and publishers pressure them for payments.
The tech giants
Microsoft adds the $549 Laptop Go to its growing Surface lineup — At $549, the Laptop Go is $50 more than the Surface Go tablet, but it’s still an extremely affordable take on the category.
Facebook won’t accept ads that ‘delegitimize’ US election results — Facebook said this includes ads “calling a method of voting inherently fraudulent or corrupt, or using isolated incidents of voter fraud to delegitimize the result of an election.”
Google now has three mid-range Pixel phones — Brian Heater unpacks the company’s smartphone strategy.
Startups, funding and venture capital
Working for social justice isn’t a ‘distraction’ for mission-focused companies — Passion Capital’s Eileen Burbidge weighs in on Coinbase’s controversial stance on politics.
Cazoo, the UK used car sales platform, raises another $311M, now valued at over $2.5B — The funding comes only six months after the company raised $116 million.
With $18M in new funding, Braintrust says
- Google is signing up for more office space next to its upcoming $1.2 billion headquarters in London, The Times reported.
- The tech giant is also extending a lease of a 160,000 square foot office building in the city that was due to expire in 2021.
- The move shows a commitment to both London and to the future of office work.
- CEO Sundar Pichai said in an interview with Time 100 on September 23 that the company would move to a “hybrid model” of working, with staff spending time both at home and in the office.
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Google is reportedly expanding its London base in a show of commitment to both the city and the future of office work.
The tech giant has agreed to lease an extra 70,000 square feet of office space next to its upcoming $1.2 billion headquarters in King’s Cross, the Times reported on Tuesday.
Google is also extending the lease on its Central Saint Giles building, near Tottenham Court Road in central London, for another 10 years, the paper reported. Its 160,000-square-foot lease at the office building was due to end in 2021.
The news comes a week after CEO Sundar Pichai said that the company, which has told staff they can work from home until the middle of 2021, would in future aim for “hybrid” work model where employees spend time both remotely and in the office.
“We firmly believe that in-person, being together, having that sense of community, is super important for whenever you have to solve hard problems, you have to create something new,” Pichai told Time. “So we don’t think the future is 100% remote, we definitely value our offices, we value the culture, but we do think we need to create more flexibility, a more