Biden signs an EO calling on regulators to enact reforms such as increasing scrutiny of tech mergers and focusing more on moves like “killer acquisitions”
- President Joe Biden signed a new executive order aimed at cracking down on anti-competitive practices in Big Tech, labor and numerous other sectors.
Biden EO will encourage the FCC to bring back net neutrality and enforce clearer pricing labels for ISPs, asks FTC to draft right-to-repair rules, more
but it can't until he picks a third Democrat Pia Singh / CNBC : IAC CEO says Apple is ‘worse’ than Google and will be next target in U.S. antitrust crackdown Tyler Lee / Ubergizmo : President Joe Bide...
Square announces it will build a hardware wallet for bitcoin, after Jack Dorsey had discussed the possibility of creating one in June
CEO Jack Dorsey said the company was considering one in June — Square is going to make a hardware wallet for bitcoin, the company's hardware lead, Jesse Dorogusker, announced on Thursday.
Biden warns Putin in a call that the US “will take any necessary action” to defend its people and critical infrastructure, after the latest ransomware attacks
Eugene Scott / Washington Post :
Blackstone to buy Sphera, a environmental, social and governance (ESG) software provider, from private equity firm Genstar Capital for $1.4B
Blackstone Group Inc said on Tuesday it will buy Sphera, a environmental, social and governance (ESG) software, data and consulting services provider … Source: Business Wire .
Sources: the FTC has opened an in-depth investigation into Amazon's purchase of MGM
Any hopes that Amazon had of completing its $8.5 billion purchase of movie and TV studio MGM anytime soon may have just gone out the window. — The Federal Trade Commission on Friday opened …
Instacart hired at least 55 engineers, product managers, recruiters, designers, and data scientists from Facebook this year, based on analysis of LinkedIn data
Instacart CEO Apoorva Mehta's decision to hire his replacement as the grocery delivery firm prepares a public stock debut surprised most of its employees and investors.
Ireland-based Teamwork, which creates business management SaaS applications, raises $70M, its first-ever external funding since its founding in 2007
Founded by Daniel Mackey and Peter Coppinger, Teamwork's clients include Disney — Irish software company Teamwork has secured $70 million … Source: Teamwork and Business Wire .
New York City opens a real-time cyberattack defense center, the first major US metropolitan area to do so, with 282 partners sharing info on potential threats
Initiative brings together government agencies and business groups to share intelligence and respond to digital threats
Chinese regulators rejected Tencent-led merger of Huya and DouYu, which together have 80%+ share of the Chinese game live streaming market based on active users
- Regulators reject Huya-DouYu merger as scrutiny grows — Tencent had been counting on the merger to solidify its lead
Samsung quietly launched its TV Plus streaming service on the web in May and has added to its mobile app the ability to cast videos to devices via Chromecast
Samsung is expanding its ad-supported streaming efforts: The company quietly launched its TV Plus streaming service on the web in recent weeks …
Report: mobile wallets became the most widely used payment method in 2019, 2.8B wallets were in use by the end of 2020; SE Asia is the fastest growing region
- Mobile wallets are now the most widely used payment method — Chinese wallets not likely to dominate emerging Asia: study Source: Boku .
Sources: Apple has had discussions with NFL execs to buy streaming rights for Sunday Ticket games, which currently air on DirecTV
and it could be a game changer Michael Simon / Macworld : The NFL reportedly wants Apple to air NFL games in 2023 Deadline : Apple Exploring Streaming NFL's Sunday Ticket Games On Apple TV+ Adam Rowe ...
China's internet regulator says any Chinese company with data for more than 1M users must undergo a security review before listing its shares overseas
China's cyberspace regulator said on Saturday any company with data for more than 1 million users must undergo a security review …
News Corp has shut down its news aggregation service Knewz after just 18 months of operation, citing lack of profits
the Quibi of news aggregation https://twitter.com/... Maya Kosoff / @mekosoff : oh kno https://twitter.com/... https://twitter.com/... Chris Mohney / @chrismohney : literally and actually had not even...
Phones with the “Anom” messaging app used in FBI and AFP's global sting are being sold on the secondary market, revealing the ArcaneOS operating system and more
‘Anom’ phones used in an FBI honeypot are mysteriously showing up on the secondary market. We bought one. — Joseph Cox
Latest iOS 14.7 beta fixes a bug that caused certain network names to disable iPhone's WiFi
Chance Miller / 9to5Mac :
Book review of An Ugly Truth: an effective examination of every major Facebook scandal and shortcomings in Facebook's leadership, structure, and accountability
k, how did we miss this?’ An upcoming book reveals new details about the meeting where Mark Zuckerberg learned Russia had infiltrated Facebook Tweets: J.D. Vance / @jdvance1 : I can't get over how man...
Australia's Federal Court reverses earlier ruling and allows Epic's antitrust case against Apple's App Store to proceed; Apple says it will appeal the judgment
John Davidson / The Australian Financial Review :
Malaysia's AirAsia bought Gojek's Thai business in an all-stock deal, giving Gojek a 4.76% stake in AirAsia's “superapp” business that has been valued at ~$1B
Nikkei Asia : Source: airasia newsroom .
TikTok tests auto-deletion of videos as they are uploaded, for categories like minor safety, adult nudity and sexual activities, violent and graphic content
Sara Fischer / Axios :
Cloud security company Netskope raises $300M led by ICONIQ Growth, at a valuation of $7.5B, up from a valuation of $3B in 2020
Crypto exchange Bullish, unveiled in May as a subsidiary of Block.one, to go public via a SPAC merger at a $9B valuation
Jamie Crawley / CoinDesk :
Thrive Global, which offers an AI-powered behavior change platform to improve employee well-being, raises $80M Series C led by Kleiner Perkins and Owl Ventures
China orders app stores to remove 25 more apps operated by Didi, including a carpool app and a financing app, saying the apps illegally collect personal data
Otter, a childcare marketplace that matches parents and prospective caregivers, raises $23M Series A led by Sequoia Capital
Fitbit Luxe review: slim and comfortable design with good battery life and Fast Pair for Android devices, but the screen is cramped with tiny, hard-to-read text
Microsoft says its bug bounty program paid $13.6M to 341 security researchers in the past 12 months, down slightly from the $13.7M it paid a year ago
App Annie says it is exploring strategic options, including going public; sources: it had about $120M in revenue last year and is considering a possible sale
Alexandra Bruell / Wall Street Journal : Tweets: @anthony Tweets: @anthony : WSJ EXCLUSIVE: App Annie is considering strategic options, including an acquisition or IPO, amid a wave of deal-making in ...
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