| John D. McKinnon / Wall Street Journal: |
Three US senators unveil the bipartisan Open App Markets Act, which would force app stores to allow sideloading and let developers use their own IAP systems — Legislation would place new limits on how Apple and Google app stores can operate — WASHINGTON—Senators introduced legislation Wednesday … | Gael Fashingbauer Cooper / CNET: |
Twitter rolls out a web and app redesign, implementing its first proprietary font, Chirp, high-contrast black and white follow and unfollow buttons, and more — It's inevitable: Twitter changes Twitter, and Twitter users complain on Twitter. But does Chirp make you feel like a woodpecker is pounding on your skull?| Tim Copeland / The Block: |
Group behind Poly Network, a cross-chain protocol used for DeFi applications, says a hacker has stolen $611M; one researcher blames the attack on a crypto flaw — Quick Take — Cross-chain protocol Poly Network has been hacked for $611 million. — The team behind the protocol … | Wolfie Zhao / The Block: |
| Ben Schoon / 9to5Google: |
Samsung announces Galaxy Z Flip3 with an internal 6.7" 120Hz display, a 1.9" external screen, 8GB RAM, and Snapdragon 888, starting at $999, shipping August 27 — One of the first thoughts around foldable smartphones is a high price tag, but that tune is changing.| Dieter Bohn / The Verge: |
| Alex Heath / The Verge: |
Interview with Facebook ad exec Graham Mudd on Facebook's plans to enhance privacy in its ads, regulation, Apple's ad tracking prompt, Google's FLoC, and more — A ‘very meaningful pivot’ is underway inside the world's largest social network — Facebook's massive business was built on its ability to track users across the internet.| Mike Isaac / New York Times: |
| The Information: |
Sources: DoorDash recently held talks to buy Instacart for between $40B and $50B, but the talks fell apart due to potential antitrust scrutiny — DoorDash held talks to buy Instacart over the past two months, say people familiar with the situation, for a price that likely would have been between $40 billion and $50 billion.| Nathan Grayson / Washington Post: |
Thousands of marginalized streamers implore Twitch to counter “hate raids”, where groups of malicious users fill a streamer's chat with targeted abuse — During an Aug. 6 broadcast, the Twitch streamer RekItRaven — who is Black and uses they/them pronouns … | Ryan Browne / CNBC: |
US grocery delivery startup Gopuff says it has acquired British competitor Dija, which was founded in Dec. 2020 and has raised $20M seed, to expand into Europe — - U.S. grocery delivery firm Gopuff is acquiring British competitor Dija to expand into Europe.| Simon Evans / Reuters: |
Lionel Messi's new contract with Paris St Germain includes a “large number” of crypto $PSG Fan Tokens from Socios.com, which let holders vote on minor decisions — Argentine soccer star Lionel Messi's transfer to French club Paris St Germain included a payment in cryptocurrency fan tokens … | Zoe Schiffer / The Verge: |
Daversa, an executive recruitment firm for companies like Instacart and Spotify, is facing allegations of male-on-male harassment and assault in a new lawsuit — The company places senior leadership in fast-growing startups to help them become stable, safe work environments| Christine Hall / TechCrunch: |
Talkdesk, which provides cloud-based call center software, raises $230M Series D at a $10B valuation, following $143M Series C at a $3B valuation from last July — Talkdesk, a provider of cloud-based contact center software, announced $230 million in new Series D funding that more than triples … | Bloomberg: |
Sources: Atlanta-based MailChimp explores strategic options, including a sale at a $10B+ valuation; source says MailChimp had $300M in EBITDA earnings in 2020 — - Marketing company attracts interest from PE firms, strategics — Atlanta-based firm is currently 100% owned by founders| Christine Hall / TechCrunch: |
London-based Aforza, which builds tools on top of Salesforce and Google Cloud to help sell consumer packaged goods, raises $22M Series A led by DN Capital — Aforza, developing cloud and mobile apps for consumer goods companies, announced a $22 million Series A round led by DN Capital.| Zheping Huang / Bloomberg: |
Baidu reports $4.8B in Q2 revenue, up 20% YoY and beating estimates, and $90M net loss after writing down shares in Kuaishou, which sank 28% across the quarter — - Search giant swung to a loss after marking down Kuaishou stake — Shares of Baidu fell in pre-market trading in New York| Naman Ramachandran / Variety: |
UK's CMA says it has provisionally found that Facebook's Giphy acquisition could negatively impact competition, such as by denying competitors access to GIFs — The merger of social media giant Facebook and Giphy, the largest provider of GIFs, has run into a roadblock from the U.K.'s Competition and Markets Authority (CMA).| Reuters: |
Sources: China-based autonomous driving startup Pony.ai suspends plans for a US public listing following Chinese government's crackdown on domestic tech firms — Autonomous driving startup Pony.ai has put on hold plans to go public in New York through a merger with a blank-check firm … | Manish Singh / TechCrunch: |
VerSe Innovation, parent of news aggregator Dailyhunt and short video app Josh, raises $450M+ Series I, five months after raising $200M — VerSe Innovation, the parent firm of popular news aggregator Dailyhunt and short video app Josh, said on Thursday it has raised over $450 million … | Li Yuan / New York Times: |
After Alibaba fired an employee accused of rape, over 6,000 workers sign a letter urging it to ban sexual remarks and games in ice-breaking and business events — Sexually suggestive office games, boozy dinners and a culture of ignoring problems have long plagued the industry. Changing it will still be hard.| Radhamely De Leon / VICE: |
Researchers create nine computer-generated faces that can serve as “master keys” to impersonate almost half of the faces in three top facial recognition systems — According to the paper, their findings imply that facial recognition systems are “extremely vulnerable.”| CNBC: |
Snap creators say they are leaving Snapchat's Spotlight feature as payments have dried up after June 1, with some moving to YouTube, Instagram, and TikTok — - Creators say they're leaving Snapchat's Spotlight feature after payments on the service had dried up.
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| Jon Fingas / Engadget: |
| Jon Porter / The Verge: |
| Steve Dent / Engadget: |