Health tech company Accolade boosts revenue 25% in first report since IPO, as COVID-19 roils industry

Accolade CEO Raj Singh speaking at the 2018 GeekWire Summit. (GeekWire Photo / Dan DeLong) Seattle entrepreneur and former Concur president Raj Singh was back in the earnings hot seat Thursday afternoon as the CEO of Accolade, walking analysts and investors through the health benefits technology company’s first quarterly report since going public last month in a $1.2 billion initial public offering. He was fortunate to have positive news to share with analysts and investors. Amid the uncertainty of the COVID-19 pandemic, Accolade reported a 25% increase in quarterly revenue to $35.9 million, while narrowing its loss by 12%, to $14 million. The company’s stock is up more than 4%… Read More

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Epic is suing Google over Fortnite’s removal from the Google Play Store

Illustration by Alex Castro / The Verge Epic Games has filed suit against Google over alleged antitrust violations, just hours after being dropped from the both the Play Store and iOS App store and filing a similar lawsuit against Apple. The lawsuit alleges that Google’s payment restrictions on the play store constitute a monopoly and thus a violation of both the Sherman Act and California’s Cartwright Act. Epic’s hit game Fortnite was removed from the Google Play Store earlier today. Where the Apple complaint opened with a description of the company’s iconic 1984 ad, Epic’s complaint against Google focuses on that company’s now-infamous “Don’t Be Evil” mantra. “Twenty-two years later,… Read More

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Facebook won’t fact check opinion after spat with Elizabeth Warren on climate

Photo Illustration by Omar Marques/SOPA Images/LightRocket via Getty Images Facebook says its third-party fact-checking partners “do review and rate climate misinformation, and there has never been a prohibition against them doing so,” in a response to criticism from Democratic senators. Facebook will continue its policy of exempting “clear opinion content” from fact-checking, the letter says. The senators are unsatisfied. In the response, which was shared exclusively with The Verge, the tech behemoth says it does not consider all climate change content “opinion.” But opinion articles about climate change don’t receive fact-checking, a policy Facebook says it began in 2016. “There should be no company too big, too powerful, and too… Read More

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AWS opens up its Amazon Braket platform as ‘launch pad’ for quantum computing

IonQ, one of the hardware partners for the Amazon Braket quantum computing platform, uses a specialized type of chip known as a linear ion trap. (IonQ Photo via AWS) Eight months after unveiling its Amazon Braket quantum computing platform, Amazon Web Services says the cloud-based service is officially open for business. In a video that pokes a bit of fun at the weirdness of quantum concepts, Bill Vass, vice president for AWS technology, says Braket serves as a “launch pad for people to go explore quantum computing.” In contrast to the rigid one-or-zero realm of classical computing, Braket and similar platforms take advantage of the fuzziness of quantum algorithms, in… Read More

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