A look at South Korean conglomerate Naver’s experiments with a fleet of ~100 office robots, including efforts to make employees comfortable with their presence (New York Times)

Kathryn Hardison / Wall Street Journal:
South Korean company Naver agrees to acquire Poshmark for $17.90 per share, representing an enterprise value of ~$1.2B; Poshmark stock rose 14%+ after hours  —  The boards of both companies approved the transaction  —  Naver Corp. 035420 -1.53%▼ plans to acquire Poshmark Inc. …

Meagan Simpson / BetaKit:
Ontario-based Avidbots, which makes autonomous floor cleaning robots for commercial settings, raised a $70M Series C, bringing its total funding to $107M  —  Kitchener-Waterloo startup Avidbots has secured $70 million USD in a Series C funding round to expand its fleet of floor scrubbing robots.

Jamie Crawley / CoinDesk:
Senators Elizabeth Warren (D) and Roger Marshall (R) introduce the Digital Asset Anti-Money Laundering Act, including KYC requirements for wallets and miners  —  The proposal will bring know-your-customer rules to crypto participants such as wallet providers and miners.

TechCrunch:
Indian conglomerate Vedanta and Foxconn sign a $20B deal to build a semiconductor unit in the coastal Gujarat state, home to Prime Minister Narendra Modi  —  Indian oil-to-metals conglomerate Vedanta and global manufacturing giant Foxconn have signed a memorandum of understanding …

Juro Osawa / The Information:
Sea Ltd., Southeast Asia’s largest internet firm by revenue and market value, has laid off 7,000+ employees, or ~10% of its staff, over the past six months  —  Sea Ltd., Southeast Asia’s largest internet company by revenue and market value, has laid off more than 7,000 employees …

Natasha Singer / New York Times:
Study: LinkedIn ran an experiment on 20M users from 2015 to 2019, randomly varying the strength of its People You May Know algorithm, without telling the users  —  A study that looked back at those tests found that relatively weak social connections were more helpful in finding jobs than stronger social ties.