Social media companies' reliance on Section 230 protections is in jeopardy after a US court ruled TikTok's algorithmic curation is not protected by Section 230
Section 230 of the Communication Decency Act just got torched by the 3rd circuit. — https://www.thebignewsletter.com/ ... Lukasz Olejnik / @LukaszOlejnik@mastodon.social : US cou...
Social media companies' reliance on Section 230 protections is in jeopardy after a US court ruled TikTok's algorithmic curation is not protected by Section 230
“TikTok reads 230 of the Communications Decency Act to permit casual indifference to the death of a ten-year-old girl.” - Judge Paul Matey
Sources: PayPal has approached Pinterest about an acquisition, potentially valuing it at $39B; Pinterest stock had dropped 16% this year but is up 10%+ today
PayPal Holdings Inc. is exploring an acquisition of social media company Pinterest Inc., people with knowledge of the matter said, Bloomberg News reports.
Collaborative graphic design app Canva raises $200M led by T. Rowe Price at a $40B valuation; its founders pledge to give away 30% of Canva to charitable causes
Canva is now one of the world's most valuable startups after raising $200 million in new funding at a $40 billion valuation. Source: Canva .
Hippo, which uses satellite imagery and smart home sensors to offer better home insurance policies, to go public via SPAC, raising $550M at a valuation of $5B
US Small Business Administration issues new guidance for the $350B stimulus program that still seems to exclude most VC-backed startups
Jonathan Shieber / TechCrunch :
Jeff Bezos says he is launching the Bezos Earth Fund to fight climate change and committing $10B “to start”, with first grants slated to be issued this summer
otherwise, they're not serious about actually making a difference. https://twitter.com/... Lydia DePillis / @lydiadepillis : Huh. I mean, that's real money. He's also saying “grant...
LexisNexis Risk Solutions, part of RELX, agrees to buy Arizona-based Emailage, which uses machine learning to help clients detect fraud; source says for ~$480M
Relx is to buy Arizona-based Emailage for about $480m, as the UK-listed information and analytic group deepens its push into the fraud prevention sector.