| New York Times: |
Sources: Tim Cook warned Pelosi that proposed antitrust bills were rushed, could hurt innovation; Google, Facebook, Amazon say bills would hurt SMBs, consumers — Executives, lobbyists, and more than a dozen groups paid by Big Tech have tried to head off bipartisan support for six bills meant … | Bloomberg: |
| Javier Espinoza / Financial Times: |
European Commission says it has opened an antitrust investigation into whether Google favors its own display ad tech over rivals — Brussels to examine whether US group broke rules by giving an advantage to its own services — The EU has announced a formal investigation … | Adi Robertson / The Verge: |
Twitter opens applications to test Ticketed Spaces and Super Follows for a small number of users, who will keep 97% of revenue after the IAP cut if making <$50K — Users initially keep 97 percent of their revenue — Twitter is opening applications for a limited test of its Super Follows and Ticketed Spaces features.| Natasha Lomas / TechCrunch: |
Privacy browser Brave launches a non-tracking search engine in beta, at search.brave.com, to offer an “all in one” alternative to Google Search and Chrome — Pro-privacy browser Brave, which has been testing its own brand search engine for several months — operating a waitlist where brave … | Reuters: |
DOJ says it has seized 36 Iranian media websites and sites for groups affiliated with Iran that are linked to Iranian disinformation for violating US sanctions — The U.S. Justice Department said on Tuesday it seized 36 Iranian-linked websites, many of them associated with either disinformation activities … | Karissa Bell / Engadget: |
Facebook says it is working on visual search for Instagram shopping to help users find info on products in images, and Shops is coming to WhatsApp, Marketplace — Facebook is working on visual search technology for Instagram as it doubles down on shopping features throughout its platform.| Tiernan Ray / ZDNet: |
Intel forms an Accelerated Computing Systems and Graphics unit, and a Software and Advanced Technology unit, as part of the company's ongoing reorg — Intel's head of GPUs, Raja Koduri, will run the accelerated computing business, Sandra Rivera will run Xeon chips operations … | Brent Kendall / Wall Street Journal: |
Sources: the FTC will review Amazon's proposed acquisition of MGM, just as the commission gets a new chairwoman who has been critical of Amazon's expansion — Commission secures antitrust review after talks with Justice Department, and as Amazon critic Lina Khan takes the FTC's helm| Nilay Patel / The Verge: |
Q&A with Patreon CEO Jack Conte on its relationship with Apple and exception from App Store's 30% cut, supporting creators across platforms, and more — Today's guest on Decoder is Jack Conte, the co-founder and CEO of Patreon, a platform that allows people to pay their favorite creators directly … | Richard Nieva / CNET: |
Google, shifting to a hybrid workplace, debuts a Work Location Tool for staff to apply for an office move or to become fully remote and see how salaries change — Google on Tuesday rolled out a tool for its employees to request office changes or apply to become fully remote workers … | Bloomberg: |
Microsoft has become the second public US company to reach a $2T market value, after Apple did in August 2020 and two years after hitting its first $1T in value — - Shares of the software giant have gained 19% so far this year — Only Apple and Saudi Aramco had hit $2 trillion in value| Jeremy Laird / PC Gamer: |
A look at AMD's new FidelityFX Super Resolution, which aims to upscale games to higher resolution and competes with Nvidia's DLSS technology — ...just maybe not in the way you might have thought. — AMD's long awaited answer to Nvidia's game-prettifying DLSS technology is here.| Noah Smith / Noahpinion: |
Q&A with Marc Andreessen on his “It's Time to Build” essay, techno-optimism, Clubhouse and Substack's potential, “Augmented Intelligence”, crypto, and more — Marc Andreessen should need no introduction, but I'll do one anyway. He helped code the first widely … | Maria Deutscher / SiliconANGLE: |
Splunk raises $1B from Silver Lake in exchange for convertible notes, and says it will use the investment to fund buybacks; Splunk stock up 11% — Splunk Inc. today said that it has secured a $1 billion investment from Silver Lake to support growth initiatives and buy back shares.| Jon Porter / The Verge: |
London's mayor says the Underground will have mobile coverage by the end of 2024 across its entire system, including some popular stations by the end of 2022 — Popular stations like Oxford Circus, Euston, and Bank will connected by end of 2022 — By the end of 2024 … | Kennedy Rose / Philadelphia Business Journal: |
Philadelphia-based Sporttrade raises $36M in funding, after emerging from stealth in May, for its upcoming app which provides a trading exchange for sports bets — Philadelphia-based startup Sporttrade has raised $36 million from investors ahead of the launch of its new app, which provides a trading exchange for sports bets.| Bloomberg: |
YouTube Shorts, which launched new stars but is rife with clickbait and TikTok re-uploads, will use new metrics to pay creators via a $100M fund this summer — As a kid in Manchester, England, Dan Rhodes taught himself magic by watching tutorials on YouTube.| Ian Hamilton / UploadVR: |
| Joel Khalili / TechRadar: |
How Reddit uses its community-first approach to moderate content, relying heavily on its users instead of outsourced moderation farms — Reddit CTO: We don't want to be a ‘capricious arbiter’ of what is correct or not — One of the most difficult problems for Reddit … | Bloomberg: |
Full Truck Alliance closes at $21.50 per share on its first day of trading, up 13% from its initial price of $19, giving it a market value of ~$23.6B — - SoftBank, Tencent-backed firm adds to U.S. listing resurgence — Full Truck Alliance reaches market value of $23.6 billion| Catherine Shu / TechCrunch: |
Viva Republica, developer of Korean financial services app Toss, raises $410M at a post-money valuation of $7.4B, and says it's launching a neobank in September — Viva Republica, the Seoul-based fintech company behind Toss, a super app with more than 40 financial services … | Laurens Cerulus / Politico: |
In a draft plan, the EU outlines a Joint Cyber Unit, which would let countries hit by cyberattacks request help, including rapid response teams — Barrage of cyberattacks pushes EU to pool powers to fight hackers. — The European Union wants to launch a new cyber unit to respond to cyberattacks … | Ingrid Lunden / TechCrunch: |
Oyster, which develops HR software for a distributed workforce, raises $50M Series B led by Stripes at a $475M valuation, up 6x from its previous valuation — The future of work is long on long-distance, and today a startup that's built a platform to help organizations hire global talent … | Hannah Murphy / Financial Times: |
How Monero, a cryptocurrency that obscures the sender and receiver, is increasingly being used by ransomware gangs wary of bitcoin's traceability — Untraceable ‘privacy coin’ is rising in popularity among ransomware gangs, posing problems for law enforcement
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| Vicky McKeever / CNBC: |
| Omkar Godbole / CoinDesk: |
| Kait Bolongaro / Bloomberg: |
| Aislinn Keely / The Block: |