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  • Trending on the Ticker

  • Jack Dorsey announces that Twitter is funding a team called bluesky to develop an open and decentralized standard for social media, with the goal of Twitter eventually using the standard; Dorsey noted that the value of social media is shifting to recommendation, and that recommendation algorithms should focus on healthy conversation; he noted that blockchain provides the fundamentals for hosting, governance, and monetization - Link

  • Francisco Partners and Elliott Management are in advanced talks to acquire LogMeIn ($3.9B market cap) for $4B, according to Bloomberg sources; the deal would take the remote connectivity and collaboration company private - Link

  • WeWork is in talks to sell office its services unit Managed by Q to co-founder and former chairman Dan Teran, reports Bloomberg; WeWork acquired the business in March this year; Teran has said publicly that he wants to buy back the firm - Link

  • Gojek is close to acquiring Indonesia-based point-of-sale startup Moka, according to Bloomberg sources; terms unknown; Moka offers Square-like payments tools for brick-and-mortar merchants; Gojek and Moka have been in discussions since earlier this year - Link

  • DNA sequencing firm Verogen acquires genomics database GEDmatch; terms undisclosed; GEDmatch operates a website that lets users upload and cross-reference their DNA testing results; Verogen provides DNA analysis services to police; it says GEDmatch users can opt out of having their records accessed by law enforcement - Link