Good morning! This is the tech news you need to know this Wednesday.
- The departure of Instagram’s founders from Facebook follows a history of clashes between the two companies. Instagram insiders felt like they were losing autonomy after Facebook pushed for greater integration.
Qualcomm accused Apple of stealing its secrets and giving them to its top rival. In a filing on Tuesday, Qualcomm said that it saw evidence in discovery that Apple took its trade secrets, including code, and gave it to Intel engineers to help them develop a replacement chip for iPhones.
- Google has named a new chief privacy officer who will testify before the US Senate today. Keith Enright will discuss privacy legislation with senators.
- Cody Wilson, the 3D printed gun advocate, has quit his company after he was charged with sexual assault. Defense Distributed said it would continue without its founder.
- Amazon has started paying its warehouse workers more money after repeated attacks on how little it pays. The raises were generally between 2-4% and amounted to about 25 to 55 more cents an hour.
- The original founders and ex-employees of blood testing startup Telomere Diagnostics say its health test is flawed. One former employee raised doubts about how clean Telomere Diagnostics’ labs were.
- Tesla is building its own car carriers, as the electric carmaker faces vehicle distribution problems. The company is upgrading its logistics system but running into an “extreme” shortage of car carrier trailers, Chief Executive Elon Musk tweeted on Monday.
- Square’s stock could go up another 45% this year, according to an investment note sent by Nomura. The firm raised its price target to $125 from $86, citing not only better financials and valuation, but also the fact that its Cash App has over 1 million more downloads than competing Venmo.
- Roku announced three additions to its lineup of streaming devices: the Roku Premiere, Premiere Plus, and Ultra. Each device supports 4K streaming.
- Tinder has been testing a new feature called “My Move” that lets women message a match first before allowing men to message them. The feature is a copycat of rival app Bumble, which is based on women making the first move.
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