Techmeme: Companies have little to lose from joining a Facebook boycott during a slow month for ads amid a pandemic; they'll be back, and Facebook will emerge stronger (Jack Shafer/Politico)

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July 3, 2020, 1:45 PM

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Jason Koebler / VICE:

Angry over critical coverage, tech figures discuss hitting back against journalists, on Twitter and invite-only Clubhouse, leading to harassment of NYT's Lorenz — In leaked audio from an invite-only app, venture capitalists pondered everything they think is wrong with journalism.

More: The Verge, CNET, Beyond Search, Cointelegraph, and Input

Tweets: @taylorlorenz, @can, @taylorlorenz, @suhail, @paulg, @taylorlorenz, @hunterwalk, @balajis, @backlon, @rmac18, @balajis, @carnage4life, @carnage4life, @dhh, @dhh, @dhh, @dhh, @jason, @balajis, @jwherrman, @karaswisher, @rabois, @caseynewton, @jason_koebler, @bhorowitz, @jeffdean, @avichal, @taylorlorenz, @jbarro, @nicoleperlroth, @edbott, @blader, @revrrlewis, @emilybell, @dhh, @robinwauters, @susanthesquark, @cityofthetown, @balajis, @jbouie, @karaswisher, @ruskin147, @evanchill, @maxwelltani, @loganbartlett, @wongmjane, @sandofsky, @anthony, @blakersdozen, @espiers, @campuscodi, @jamesrbuk, @realsexycyborg, @karagoldin, @katiebowill, @sm, @nycsouthpaw, @seldo, @jdegoes, @hshaban, @juiceboxca, @chillmage, @rationalwiki, @kimmaicutler, @kateclarktweets, @micsolana, @elcush, @a_w_gordon, @peterrojas, @balajis, @fmanjoo, @mat, @taylorlorenz, @harrymccracken, @mgsiegler, @sallyshin, @willoremus, @alex, @danprimack, @oneunderscore__, @fmanjoo, @taylorlorenz, @joshelman, @nitashatiku, and @taylorlorenz

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Reuters:

European advertising associations criticize Apple's plans to require apps to seek additional permission before tracking users across other apps and websites — (Reuters) - A group of European digital advertising associations on Friday criticized Apple Inc's (AAPL.O) plans to require apps …

More: MacRumors, iPhone in Canada Blog, AppleInsider, MacDailyNews, iPhone Hacks, 9to5Mac, and iMore

Tweets: @twostraws, @benbajarin, @clancyreports, and @benwood

Yimou Lee / Reuters:

Taiwan's Foxconn says customs clearing procedures in India have been resolved — TAIPEI (Reuters) - Apple supplier Foxconn said on Friday customs clearing procedures in India have been resolved, as additional scrutiny by the country of imports from China disrupted operations in some foreign firms amid tensions between the Asian giants.

More: Philip Elmer‑DeWitt, 9to5Mac, MacDailyNews, and iPhone in Canada Blog

Jack Shafer / Politico:

Companies have little to lose from joining a Facebook boycott during a slow month for ads amid a pandemic; they'll be back, and Facebook will emerge stronger — Every day, it seems, another major corporation joins the advertiser boycott against Facebook. First came The North Face, REI and Patagonia.

Alex Heath / The Information:

Sources: Zuckerberg told staff Facebook won't change policies because of “threat to a small percent of our revenue”, expects advertisers to return “soon enough”

Manish Singh / TechCrunch:

India's Reliance Jio launches JioMeet, a Zoom-like video-conference service, offering unlimited free calls in 720p with up to 100 participants and no time limit — India's Reliance Jio Platforms, which recently concluded a $15.2 billion fundraise run, is ready to enter a new business: Video conferencing.

Dan Primack / Axios:

Instacart raises $100M in new funding from T. Rowe Price, on top of the $225M round co-led by DST Global and General Catalyst last month — Grocery delivery company Instacart has raised $100 million in new funding, on top of the $225 million it announced l ast month, the company tells Axios.

More: Axios

Chaim Gartenberg / The Verge:

Streaming TV services' inability to negotiate their way out of the bundle system that has dominated regular cable for years is resulting in higher prices — YouTube TV's price hike is part of a larger problem — YouTube TV announced yesterday that it'd be raising its prices by 30 percent to $65 per month.

More: Pocketables. Tweets: @cgartenberg, @dangraziano, @reckless, and @da_banks

Financial Times:

UK government and India's Bharti Enterprises win an auction for bankrupt satellite broadband operator OneWeb for $1B; the parties will own a 45% stake each — British government's joint venture with Bharti will compete with Elon Musk's Starlink — Britain is set to go head to head …

More: Telegraph, GeekWire, Telegraph, The Verge, BBC, Bloomberg, TechCrunch, Wccftech, NDTV.com, ISPreview UK, SpaceNews, and BloombergQuint

Tweets: @oneweb, @clairecoutinho, @pickardje, and @lindayueh

Manish Singh / TechCrunch:

Intel Capital to invest $253.5M in Jio Platforms for a 0.39% stake, giving the Indian firm a valuation of $65B — Intel said on Friday it will invest $253.5 million in Jio Platforms, joining a roster of high-profile investors including Facebook and Silver Lake that have backed India's top telecom operator …

More: The Next Web, CNBC, Reuters, coinspeaker.com, CNET, Reuters, The Economic Times, TelecomTalk, and Livemint

Tweets: @szarabi and @anshuman1tiwari

Neil Cybart / Above Avalon:

Apple is pulling away from the competition to a degree never seen before and has years worth of competitive advantage in emerging categories like wearables — For the second year in a row, Apple held a developers conference that should frighten its competitors.

More: Computerworld, Philip Elmer‑DeWitt, Wccftech, and 9to5Mac

Tweets: @james_gross, @stroughtonsmith, @reneritchie, and @benedictevans

Kyle Wiggers / VentureBeat:

Mozilla updates Common Voice, its open source transcribed voice collection, to 7226 hours in 54 languages, releases first data set for “Hey Firefox” wake word — Mozilla today released the latest version of Common Voice, its open source collection of transcribed voice data for startups …

Tweets: @epro

Wallace Witkowski / MarketWatch:

Lemonade, an AI-driven insurance service, closes up 140% in its NYSE debut, reaching a $3.93B market cap, more than double its 2019 valuation from Softbank — Referenced Symbols — As the world is buffeted by digital and societal revolutions, Lemonade Inc. is hoping to leverage …

More: CNBC, Micky, Fortune, Bloomberg, Forbes, PYMNTS.com, Business Insider, Investor's Business Daily, CTech, Barron's Online, and CNN

Tweets: @levynews, @bgurley, @ggvcapital, @vegix, and @aaronbuley

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From Mediagazer

Lulu Garcia-Navarro / New York Times:

Q&A with Scott Pelley on his last days at 60 Minutes, CBS News' Bari Weiss era, “Black Thursday massacre” firings, confronting Nick Bilton publicly, and more

Samuel Stolton / Bloomberg:

Sources: Paramount Skydance is open to selling some children's TV network assets to help win EU approval of its $110B bid for WBD ahead of a July 7 deadline

Anthony D'Alessandro / Deadline:

Backrooms, which has a budget of ~$10M, becomes A24's highest grossing movie ever with $212.6M in global box office in ten days, beating Marty Supreme's $191.2M

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More News

Lucas Shaw / Bloomberg:

Caffeine, which aims to compete with Twitch but focuses on content like rap battles, has raised $113M, led by Fox Corp, Cox Enterprises, and Sanabil Investments

Tweets: @woodleyipt

Earlier Picks

Nick Miroff / Washington Post:

CBP awards Anduril, founded by Palantir veterans and Palmer Luckey, a five-year contract to build a “virtual border wall” using mobile surveillance towers

More: U.S. Customs and Border Protection, International Business Times, The Verge, The Next Web, Agence France-Presse, Business Insider, Input, The Hill, and Engadget

Tweets: @blmohr, @aclu, @yoda, @anna_giaritelli, @tonyajoriley, @dlind, @nickmiroff, and @joshuabrustein

Catalin Cimpanu / ZDNet:

Facebook says it continued sharing data of inactive users with around 5,000 developers even after their apps' 90-day cut-off date expired; issue is now fixed

More: SiliconANGLE, TechCrunch, Lifehacker, TechSpot, IT Management, HackRead, The Next Web, Threatpost, and SlashGear. Tweets: @jason_kint

Joseph Cox / VICE:

Police infiltrated Encrochat, an encrypted phone network used by organized crime, and read millions of messages for months, leading to international arrests

Daniel Kuhn / CoinDesk:

Researchers expose a flaw in at least three major crypto wallets, Ledger Live, Edge, and Breadwallet, which could be exploited for double-spending users' funds

More: ZenGo, Forbes, CryptoGlobe, Cointelegraph, BitcoinExchangeGuide, InsideBitcoins.com, SiliconANGLE, Crypto Briefing, and forklog.media

Tweets: @bobmcelrath, @coindesk, @bascule, @vikmeup, @zengo, @peterktodd, and @lopp

Manish Singh / TechCrunch:

Facebook says it is shutting down Lasso, its TikTok clone launched a year and a half ago, on July 10

More: Gizmodo, The Overspill, Firstpost Tech, Pocketnow, New York Post, CNBC, Variety, TheStreet, CNET, and Deadline

Tweets: @kerrymflynn, @kawaljit, @kerrymflynn, @refsrc, @joshconstine, @turnernovak, @ingridlunden, @mattnavarra, and @sidharthajha