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Samsung vice chairman Jay Y. Lee sent back to prison in bribery case – TechCrunch

Samsung Electronics vice chairman Jay Y. Lee is back in prison following a retrial of his 2017 conviction in a bribery case that helped lead to the downfall of former South Korean president Park Guen-hye. The Seoul High Court sentenced Lee to 30 months on Monday.

Lee was originally convicted of bribery in 2017 and sentenced to five years, but was released in 2018 after the sentence was reduced and suspended on appeal. In August 2019, however, South Korea’s Supreme Court overturned the appeals court, ruling that it was too lenient, and ordered the case to be retried.

Lee was expected to become chairman of Samsung after the death of his father, Lee Kun-hee, in October 2020. He has served as the chaebol’s de facto leader since his father suffered a stroke in 2014. With Lee’s sentencing today, it is unclear who will take over his responsibilities at Samsung.

Charges

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After a record year for Israeli startups, 16 investors tell us what’s next – TechCrunch

Israel’s startup ecosystem raised record amounts of funding and produced 19 IPOs in 2020, despite the pandemic. Now tech companies across industries are poised for an even better year, according to more than a dozen investors we talked to in the country.

Mainstay sectors like cybersecurity continue to matter, they said, but are maturing (more about that here). Some people are more excited by emerging areas like artificial intelligence, which has been a focus of the country’s military for years, and like cybersecurity is now producing many fresh teams of founders. Other investors felt that a broader range of industries, like fintech and biotech, would eventually produce the biggest companies in the country.

Overall, local investors cited the country’s focus on global markets from day one, general support from the Israeli government and deep relationships with Silicon Valley and other global tech centers as additional factors that are

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Antitrust jitters, SPAC odyssey, white-hot IPOs, more – TechCrunch

Some time ago, I gave up on the idea of finding a thread that connects each story in the weekly Extra Crunch roundup; there are no unified theories of technology news.

The stories that left the deepest impression were related to two news pegs that dominated the week — Visa and Plaid calling off their $5.3 billion acquisition agreement, and sizzling-hot IPOs for Affirm and Poshmark.

Watching Plaid and Visa sing “Let’s Call The Whole Thing Off” in harmony after the U.S. Department of Justice filed a lawsuit to block their deal wasn’t shocking. But I was surprised to find myself editing an interview Alex Wilhelm conducted with Plaid CEO Zach Perret the next day in which the executive said growing the company on its own is “once again” the correct strategy.


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OneWeb picks up $1.4B more from SoftBank and Hughes to help fund its first satellite fleet – TechCrunch

After a troubled year that saw broadband satellite operator OneWeb file for bankruptcy, get rescue finance from the UK government and Bharti, and then emerge out of that with a launch of part of its fleet last month, the London-based company today announced a another $1.4 billion in funding — money that it says will be enough to (finally) get the rest of its first-generation fleet of 648 satellites off the ground.

The 36 new satellites OneWeb launched in December brought the total number in orbit to 110 satellites, so there are still more than 500 left to launch.

SoftBank Group Corp. and Hughes Network Systems are providing the financing, the company said. The news comes about a month after OneWeb launched 36 satellites, its third launch to put more of its fleet into orbit. At the time, its executive chairman Sunil Bharti Mittal said that it was

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Tresl’s Segments Analytics gives small online stores the same data analytics as large sellers – TechCrunch

Tresl’s flagship product, e-commerce intelligence platform Segment Analytics, is designed to give small brands on Shopify access to the same kind of analytics larger online retailers have. Founded by former LinkedIn data scientists, Tresl is currently exhibiting at CES’ Taiwan Tech Arena.

Segments Analytics analyzes a Shopify store’s data and then automatically sorts visitors into more 30 pre-built customer segments based on their browsing habits, spending and how likely they are to make repeat purchases.

This means that brands can identify specific groups of shoppers and use Segments Analytics’ suggestions for targeted campaigns without spending too much on data analytics, marketing or user acquisition. For example, one of the segments the platform identifies are people who have made one purchase already, but are unlikely to buy again unless they are see an ad or promotion soon. Segments Analytics can be used for advertising across multiple channels, including email,

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YouTube puts a temporary freeze on uploads to Trump’s channel – TechCrunch

YouTube has been the slowest of the big social media platforms to react to the threat of letting president Trump continue to use its platform as a megaphone to whip up insurrection in the wake of the attack on the US capital last week. But it’s now applied a temporary upload ban.

In a short Twitter thread today, the Google-owned service said it had removed new content uploaded to Trump’s YouTube channel “in light of concerns about the ongoing potential violence”.

It also said it’s applied a first strike — triggering a temporary upload ban for at least seven days.

At the time of writing the verified Donald J Trump YouTube channel has some 2.78M subscribers.

“Given the ongoing concerns about violence, we will also be indefinitely disabling comments on President Trump’s channel, as we’ve done to other channels where there are safety concerns found in the comments section,” YouTube

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