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July 7, 2021, 2:50 PM
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memeorandum
WeSmirchTop News
| Bloomberg: |
Sources: China plans rule changes requiring Chinese companies to seek approval to list overseas, even if the unit selling shares is incorporated outside China — - Securities regulator working to change overseas listing rules — Change would require VIE firms to get nod to list offshore
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New York Times, New York Times, Tech in Asia, Nikkei Asia, Reuters, TechNode, Wall Street Journal, and ZDNet
Tweets: @shiraovide, @jorge_guajardo, @gopalsri, @luluyilun, @liyuan6, @bluff_capital, and @rmkoutfront
| Bloomberg: |
China's crackdown on its tech giants wiped a combined $823B off their market value since a Feb. peak, with Tencent, Alibaba, and Kuaishou as the biggest losers — - Selling in technology sector seen continuing this quarter — Hang Seng Tech Index has lost 31% from February high
More:
Protocol, Bloomberg, Financial Times, Financial Times, and The Information
Tweets: @can, @vshih2, @jacobhelberg, @jacobhelberg, and @sub8u
| CNBC: |
Donald Trump sues Facebook, Twitter, and Google, as well as their CEOs, alleging the companies have violated his First Amendment rights — - Former President Donald Trump announced he is suing Facebook, Twitter and Google, as well as their respective CEOs Mark Zuckerberg, Jack Dorsey and Sundar Pichai.
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Washington Post, Associated Press, CNN, Bloomberg, TechCrunch, CNET, Gizmodo, Protocol, Vox, AppleInsider, The Verge, TNW, BBC, Finbold, Heimdal Security Blog, Engadget, The Hill, HotHardware.com News, Axios, iThinkDifferent, PCMag, Reuters, Insider, Mashable, Neowin, fossbytes.com, MacDailyNews, The Wrap, Financial Times, iPhone in Canada Blog, Variety, Android Central, and KnowTechie
Tweets: @bradheath, @nytnickc, @tribelaw, @adamsteinbaugh, @samstein, @bencjacobs, @devlinbarrett, @out5p0ken, @tonygoldmark, @kendallybrown, @bobbywilson1004, @levparnas, @michaelgrantbks, @joycecaroloates, @brooklynmarie, @lindaholmes, @erickfernandez, @adamkinzinger, @keitholbermann, @tortmuseum, @katiephang, @walshfreedom, @morningconsult, @barbmcquade, @harrylitman, @m_feeney, @popehat, @dylanbyers, @geoffrbennett, @kevincollier, @arguendiot, @pwnallthethings, @pwnallthethings, @meridithmcgraw, @pwnallthethings, @sarafischer, @caseynewton, @evelyndouek, @willoremus, @adamsteinbaugh, @pwnallthethings, @axios, @mattblaze, @djrothkopf, @dylanbyers, @sarafischer, @willoremus, @rayredacted, @pwnallthethings, @adamsteinbaugh, @mmasnick, @pwnallthethings, @adamsteinbaugh, @bradmossesq, @oliverdarcy, @reckless, and @campuscodi
| Alex Heath / The Verge: |
Facebook-commissioned study by Comscore claims that most US iOS and Android users stick with preinstalled apps; Apple says the study is “seriously flawed” — If you use an iPhone or Android phone, chances are the majority of your most-used apps were made by Apple and Google.| Gené Teare / Crunchbase News: |
Analysis of global venture funding for H1 2021: $288B invested, an all-time high and up by $110B on H2 2020, with most going to late-stage companies — Global venture capital funding in the first half of 2021 shattered records as more than $288 billion was invested worldwide, Crunchbase numbers show.
More:
BetaKit and The Information
| Michael P. Regan / Bloomberg: |
A look at synthetic shares of Apple, Amazon, and others, which track the prices of real stocks and are being traded on blockchain projects like Mirror Protocol — - A DeFi ‘Trojan Horse’ finds its way to the stock market — Sounds like ‘investor-protection issue,’ says Themis's Saluzzi
More:
AppleInsider, BTCMANAGER, Blockonomi, MacDailyNews, and iMore
Tweets: @thestalwart, @counternotions, @sivaram_v, @sandeepparekh, @davidgzeiler, @algotrdr, @d0h0k1, @crypto, @jackcambell14, @alex, and @treehcapital
| Jason Schreier / Bloomberg: |
Ubisoft confirms it's developing Assassin's Creed Infinity, an online service with evolving gameplay that expands over time, seeking to emulate Fortnite and GTA — Assassin's Creed, a video game franchise set in huge worlds where each one can take hundreds of hours to complete, is getting even bigger.
More:
Ubisoft, VentureBeat, Laptop Mag, Windows Central, mobilesyrup.com, GamesIndustry.biz, SlashGear, thegamer.com, TechSpot, The Verge, TechRadar, Engadget, Rock, Paper, Shotgun, Micky, PC Gamer, Game Rant, GameSpot, Press Start, purexbox.com, Kotaku Australia, GamingBolt, Wccftech, MSPoweruser, VG247, Destructoid, Trusted Reviews, Digital Trends, Polygon, Forbes, Video Games Chronicle, Pocket-lint, Gamasutra, TrueAchievements, and Twinfinite
Tweets: @jasonschreier, @jasonschreier, @jasonschreier, @laurakbuzz, @zhugeex, @jasonschreier, @jasonschreier, and @ubisoft
| Natasha Lomas / TechCrunch: |
Mozilla's crowdsourced study about YouTube over a 10-month period finds 71%+ videos flagged as objectionable by participants were recommended by YouTube itself — For years YouTube's video-recommending algorithm has stood accused of fuelling a grab-bag of societal ills by feeding users …
More:
NBC News, Wall Street Journal, CNET, ZDNet, The Daily Dot, The Hill, Adweek, and TNW
Tweets: @brandyzadrozny, @anthony, and @hypervisible
| Tom McKay / Gizmodo: |
In an attempt to keep ahead of China's regulations, Tencent says it'll use a facial recognition system to prevent minors from playing games late into the night — Shenzhen, China-based gaming giant Tencent has announced it will use a face recognition system to prevent minors in its home country …
More:
PCMag, BBC, Insider, iPhone in Canada Blog, thegamer.com, caixinglobal.com, and Digital Trends
Tweets: @evan_greer, @sixthtone, @tiffanycli, and @astepanovich
| Ryan Browne / CNBC: |
Wise begins trading in London direct listing, valuing the money transfer firm at $11B, and launches OwnWise, a program to let users own a stake in the company — - Wise shares opened at £8 a share Wednesday morning, giving the company a market value of £8 billion ($11 billion).
More:
Reuters, PYMNTS.com, The Guardian, Bloomberg, Insider, Tech.eu, Sifted, Crowdfund Insider, and Bloomberg
Tweets: @bgurley, @quinnypig, @ryan_browne_, and @ryan_browne_
| Carson Kessler / ProPublica: |
Some users have reported getting locked out of their accounts at Chime, a “neobank” serving millions, with 920 complaints filed to CFPB since April 15, 2020 — Chime, a “neobank” serving millions, is racking up complaints from users who can't access their cash.| Alfred Ng / The Markup: |
Public records and a 2019 version of its user guide show just how invasive AnyVision's facial recognition software can be; AnyVision's customers include schools — One school using the software saw that a student's face was captured more than 1,000 times during the week
Tweets: @alfredwkng, @themarkup, @evan_greer, @evan_greer, and @jessedamiani
| Sarah McBride / Bloomberg: |
Evernote founder's Mmhmm, a video service that works with Zoom, Teams, and Webex and can add effects to calls, raises $100M led by SoftBank's Vision Fund — When Phil Libin created note-taking app Evernote in 2007, he was making a bet that smartphones would be the next big thing.| Thomas Shum / Bloomberg: |
Sotheby's auction house says it will accept bitcoin and Ether at the sale of a 101.38-carat diamond, which could fetch as much as $15M, on Friday — - Pear-shaped flawless gem could fetch $15 million at auction — Bitcoin, Ether will be accepted at Hong Kong sale on Friday
More:
BTCMANAGER, Financial News, and Fortune
| Parmy Olson / Wall Street Journal: |
How activists and fraudsters are evading facial recognition, including by using face masks and paint and combining multiple faces to form a new identity — The Future of Everything covers the innovation and technology transforming the way we live, work and play, with monthly issues on health, money, cities and more.
Tweets: @martijnrasser and @parmy
| Mary Ann Azevedo / TechCrunch: |
Unit21, which helps businesses monitor fraudulent activities via APIs and a dashboard, raises $34M Series B led by Tiger Global at a $300M valuation — Unit21, a startup that helps businesses monitor fraudulent activities with its no-code software, announced today it has raised $34 million … | Ben Thompson / Stratechery: |
Instagram's shift away from being a photo-sharing app fits within its broader continuous evolution, from photo filtering tool to network to Stories and beyond — Last week Head of Instagram Adam Mosseri posted a video on Instagram about Instagram: … Everyone that I've seen …
Tweets: @mosseri and @stratechery
| Rebecca Chowdhury / MIT Technology Review: |
Hands-on with New York's Excelsior Pass vaccine passport: low adoption, privacy concerns, persistent technical glitches, and limited use at top leisure venues — When we tested New York's Excelsior Pass, we found privacy concerns, technical glitches, and questions over who it's really for.
Tweets: @techreview, @rebecca_chowd, @techreview, @brianmcc, and @miarsato
| Alex Wilhelm / TechCrunch: |
r2c, which is developing SaaS tools based on the Semgrep open source project, raises $27M Series B led by Felicis — This morning r2c, a startup building a SaaS service around the Semgrep open-source project, announced that it has closed a $27 million Series B. Felicis led the round, which the company said was a pre-emptive deal.| Clothilde Goujard / Politico: |
EU's new law will let tech companies scan their platforms for child sexual abuse material for the next three years without fear of violating EU's privacy laws — The European Parliament on Tuesday approved a controversial law that would allow digital companies to detect and report child sexual abuse …
More:
Patrick Breyer, Euractiv, Bitcoin Magazine, 9to5Mac, and Silicon Republic
Tweets: @michalboni and @fariacat
| Gerrit De Vynck / Washington Post: |
A look at the debate over autonomous weapons: 30 countries support a total ban, the US says concerns are overblown, and Russia says such weapons don't yet exist — The Pentagon says a ban on AI weapons isn't necessary. But missiles, guns and drones that think for themselves …
Tweets: @ylitvinenko, @onekade, @daankayser, @heatherkelly, @gerritd, @gerritd, @washingtonpost, @oriana0214, @willoremus, and @susanoftexas
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