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July 26, 2021, 8:20 AM
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memeorandum
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| Bloomberg: |
China issues regulations for food delivery platforms, mandating minimum wage, respect for worker rights, and more, leading to Meituan shares dropping by 14%+ — - It extended losses after Beijing issued food platform curbs — Meituan is grappling with a broader antitrust investigation
More:
South China Morning Post, The Economic Times, Reuters, and Livemint
Tweets: @tracyalloway, @armchairdude, @lib_crusher, @saxena_puru, and @davidinglestv
| Financial Times: |
China's edtech overhaul could eliminate foreign investors from the sector and wipe out billions invested by Sequoia, Tiger, Tencent, and SoftBank's Vision Fund — Tutoring businesses feared ‘virtually uninvestable’ under plans to curb private capital — China's sweeping overhaul …
Tweets: @benpatrickwill and @primroseriordan
| Bloomberg: |
In a blow to the edtech sector, China orders tutoring companies teaching the school curriculum to go non-profit, bans them from IPOs and raising foreign capital — - After-school tutors can't raise capital or float shares — Sweeping curbs will up-end a once-thriving, big-money sector
More:
Bloomberg, Bloomberg, Bloomberg, Tech in Asia, Reuters, and Forbes
Tweets: @luluyilun, @andrewbatson, @wolfiezhao, @willrocklin, @davidinglestv, @danmcohen, @carnage4life, @guptpiy, @benpatrickwill, @ngkabra, and @luluyilun
| Financial Times: |
As China cracks down, SoftBank's Vision Fund has lost $4B on its Didi investment, as its 20.1% stake bought for $11.8B in 2019 is now worth $7.8B — Japanese group's heavy investments in Chinese tech have left it exposed to a regulatory crackdown — The single largest bet on Chinese tech …
Tweets: @alex, @therealjoshye, @therealjoshye, @therealjoshye, and @therealjoshye
| Noah Smith / Noahpinion: |
More:
Bloomberg and ABC
Tweets: @ruima, @ruima, @ruima, @ruima, @ruima, @noahpinion, @aja_cortes, @prasannavishy, @noahpinion, and @mosharrafzaidi
| Max Fisher / New York Times: |
Analysts and US officials say the disinformation-for-hire industry is booming, as influencers get approached by back-alley firms to spread falsehoods — Back-alley firms meddle in elections and promote falsehoods on behalf of clients who can claim deniability, escalating our era of unreality.
More:
BBC, Washington Post, Slashdot, and The Overspill
Tweets: @max_fisher, @craignewmark, @davidbegnaud, @juliadavisnews, @jeanburgess, @redsteeze, @jason_kint, @selectedwisdom, @chessninja, @anneapplebaum, @peterhotez, @cherijacobus, @steveschmidtses, @gladstein, @lon_s_j, @candacemhill, @steveschmidtses, @bostonjoan, @mattocko, @rashadrobinson, @xpatriciah, and @peterjukes
| New York Times: |
FTX and Binance will curb highly leveraged cryptocurrency trading, a practice that can vastly multiply losses; FTX offered 101x leverage, now down to 20x — The moves would reduce the size of the bets that investors can make by drastically cutting the maximum leverage offered.
More:
Binance, CoinDesk, Decrypt, Coinspeaker, Cryptonews, Crypto Briefing, Forkast, Cointelegraph, Bitcoin News, and The Block
| New York Times: |
More:
Cointelegraph, CoinDesk, New York Times, Decrypt, and Bitcoin News
Tweets: @lordfusitua, @fintechfrank, @glennf, @ericliptonnyt, @mdudas, @nc2y, @magdaborowik, @ericliptonnyt, @kenvogel, @bitfinexed, @davidenrich, @ericliptonnyt, and @pourteaux
| Abner Li / 9to5Google: |
Ex-Google employee recounts how Google abandoned a redesign attempt of Chrome on Android, which was similar to iOS 15's Safari, with the URL bar at the bottom — Apple's mobile web browser is the main lightning rod of this year's iOS 15 beta period and it remains to be seen whether it will actually launch in the fall.| Elizabeth Dias / New York Times: |
As part of its expanded outreach to US churches, Facebook is offering subscription tools for exclusive content and donation tools during live streams — The company is intensifying formal partnerships with faith groups across the United States and shaping the future of religious experience.| John Newman / ProMarket: |
A look at some of the metrics that FTC can use to define Facebook's alleged monopoly in its refiled antitrust suit, including time on-site and “active users” — Despite some compelling allegations, a federal judge dismissed the FTC's antitrust complaint against Facebook due …
Tweets: @asherschechter, @promarket_org, and @johnmarknewman
| Cecilia Kang / New York Times: |
More:
Reuters and US District Court for the District of Columbia
Tweets: @joshua_sisco, @nancyscola, and @khushitavasant
| Roger McNamee / Wired: |
Biden has to play hardball with platforms like Facebook that amplify disinformation in order to prioritize Americans' wellbeing over Big Tech's whims — The president needs to prioritize Americans' wellbeing over Big Tech's whims to begin a path to restoring democracy, privacy, and competition.
Tweets: @jason_kint, @repdesaulnier, and @jason_kint
| Priya Anand / Bloomberg: |
Parking apps in the US have seen a new wave of customers amid a surge in car ownership spurred by people avoiding mass transit and ride sharing due to COVID-19 — During the depths of the U.S. coronavirus pandemic, cars sat idly in driveways, city streets were deserted, onetime commuters worked from bed …
Tweets: @bw
| Sami Fathi / MacRumors: |
Mark Gurman: Face ID on the Mac is likely coming within a couple of years, and all iPhones and iPads will transition to Face ID within that timeframe, too — Apple plans to bring Face ID to the Mac within the next “couple of years,” respected Bloomberg journalist Mark Gurman said today in the latest edition of his Power On newsletter.
Source:
Bloomberg. More:
9to5Mac, MacRumors, Tom's Guide, AppleInsider, BGR, TechRadar, Cult of Mac, iMore, 9to5Mac, Pocketnow, BGR India, phonearena.com, iPhone in Canada Blog, FrontPageTech.com, mobilesyrup.com, iClarified, iThinkDifferent, IT Management, Patently Apple, Wccftech, iPhone Hacks, and AppleTrack
Tweets: @anshelsag, @samifathi_, @justinflood, and @samifathi_
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