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July 7, 2021, 1:35 PM
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WeSmirchTop News
| 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
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Bloomberg, Protocol, Financial Times, Financial Times, The Information, and SiliconANGLE
Tweets: @jacobhelberg, @jacobhelberg, and @vshih2
| 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
More:
New York Times, New York Times, Tech in Asia, Wall Street Journal, Reuters, TechNode, and ZDNet
Tweets: @jorge_guajardo, @gopalsri, @luluyilun, @liyuan6, @bluff_capital, and @rmkoutfront
| 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:
Sixth Tone, PCMag, BBC, Insider, thegamer.com, Digital Trends, and caixinglobal.com
Tweets: @sixthtone, @tiffanycli, and @astepanovich
| Kevin Breuninger / 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, CNN, Protocol, Bloomberg, CNET, Vox, AppleInsider, USA Today, The Verge, TNW, TechCrunch, Finbold, Engadget, Heimdal Security Blog, The Hill, PCMag, New York Post, iThinkDifferent, Insider, Axios, BBC, Financial Times, The Wrap, Neowin, Mashable, fossbytes.com, MacDailyNews, iPhone in Canada Blog, Input, Android Central, and Variety
Tweets: @judiciarygop, @nytnickc, @samstein, @devlinbarrett, @adamsteinbaugh, @bradheath, @bencjacobs, @morningconsult, @m_feeney, @popehat, @dylanbyers, @geoffrbennett, @kevincollier, @harrylitman, @arguendiot, @pwnallthethings, @pwnallthethings, @meridithmcgraw, @pwnallthethings, @pwnallthethings, @pwnallthethings, @mattblaze, @rayredacted, @evelyndouek, @campuscodi, @adamsteinbaugh, @adamsteinbaugh, @adamsteinbaugh, @willoremus, @caseynewton, @willoremus, @pwnallthethings, @sarafischer, @bradmossesq, @sarafischer, @mmasnick, @dylanbyers, @axios, @djrothkopf, and @oliverdarcy
| Manish Singh / TechCrunch: |
Report: Indian startups raised a record $10.46B in H1 2021, vs. $4B in H1 2020 and $11.6B in all of 2020; India produced 16 unicorns this year — Indian startups have raised a record $10.46 billion in the first half of 2021, up from $4 billion in H1 2020. — A startup founder … | Bloomberg: |
Analysis: European tech startups raised $73.9B in H1 2021, compared to $108.8B across 2020; European tech IPOs raised $16.1B in 2021, ahead of 2020's $10.2B — - Continent's tech IPOs, deals on track to break records in 2021 — Tech unicorns in Europe are worth $800 billion: GP Bullhound
Tweets: @business
| 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.| 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, MacDailyNews, Blockonomi, 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, Laptop Mag, Windows Central, mobilesyrup.com, GamesIndustry.biz, Engadget, The Verge, TechRadar, Rock, Paper, Shotgun, PC Gamer, Micky, Destructoid, Forbes, Trusted Reviews, MSPoweruser, Kotaku Australia, Digital Trends, GamingBolt, SlashGear, Gamasutra, Video Games Chronicle, TrueAchievements, Game Rant, GameSpot, Press Start, purexbox.com, Wccftech, VG247, Polygon, and Pocket-lint
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:
Wall Street Journal, NBC News, CNET, ZDNet, The Daily Dot, TNW, The Hill, and Adweek
Tweets: @hypervisible, @brandyzadrozny, and @anthony
| 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:
PYMNTS.com, Reuters, The Guardian, Bloomberg, Insider, Crowdfund Insider, Sifted, and Bloomberg
Tweets: @ryan_browne_, @quinnypig, 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.| 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, Fortune, and Financial News
| 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: @themarkup, @evan_greer, @evan_greer, @jessedamiani, and @alfredwkng
| 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
| 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 … | Romain Dillet / TechCrunch: |
Outbrain, which filed for an IPO last week, raises $200M from Boston-based hedge fund Baupost Group — Outbrain, an adtech company that provides clickbait ads below news articles, has raised $200 million in funding — Outbrain didn't disclose the valuation of the company for this deal.| Bloomberg: |
Sources: state-backed Russian hacking group APT29 breached the RNC last week, possibly via IT provider Synnex; RNC says there's is no indication it was hacked — - Hackers part of ‘Cozy Bear,’ people familiar with matter say — RNC official says ‘no indication’ computer systems hacked
More:
New York Times, Threatpost, The Guardian, The Verge, SYNNEX Corporation, KnowTechie, Heimdal Security Blog, TechSpot, SecurityWeek, CyberScoop, Protocol, The Register, The Hill, Engadget, and Financial Times
Tweets: @razhael, @vermontgmg, @peterbakernyt, @grahambrookie, @darickr, @jojofromjerz, @shanegoldmacher, @rgoodlaw, @jason_kint, and @dnvolz
| 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.| 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
| Kyle Wiggers / VentureBeat: |
Massachusetts-based Silk, which builds tools to improve database performance, raises $55M led by S Capital, bringing its total raised to $294M+ — Where does your enterprise stand on the AI adoption curve? Take our AI survey to find out. — Silk, a platform designed to improve database performance …
More:
SiliconANGLE, FinSMEs, and PR Newswire
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