Techmeme
August 25, 2021, 1:20 PM

Top News

Insider:
In an abrupt reversal, OnlyFans suspends its October 1 policy change banning porn after securing “assurances” and aims to provide “a home for all creators”  —  - OnlyFans is reversing its recent decision to ban porn.  — It had planned to prohibit sexually explicit …
Patricia Nilsson / Financial Times:
Jay Peters / The Verge:
Fitbit announces Charge 5 with a rounded design, a larger and brighter color AMOLED display, GPS, and more, arriving in the fall for $179.95  —  It costs $179.95 and will be out this fall  —  Following a couple of big leaks, Fitbit is officially announcing the Charge 5 …
Kurt Wagner / Bloomberg:
Facebook's David Marcus says Novi digital wallet is “ready now”, but will wait for the Diem currency, and it is “definitely looking at” building NFT features  —  Social network is ‘definitely looking’ at digital assets as part of push into financial products, executive says
The Markup:
How Fannie and Freddie requiring mortgage lenders use its credit scoring algorithm leads to a disproportionately high number of Black applicants being rejected  —  These two people applied for loans in Chicago, Ill., in 2019.  —  They both earned $350K-$400K  —  and their debt level was healthy.
Washington Post:
A look at Vaccine Talk, a tightly moderated Facebook group for vaccine skeptics with ~70K members that aims to change their minds with evidence-based info  —  As social media giants struggle to crack down on false claims about covid, ordinary users are finding ways to reach vaccine skeptics — and win them over.
Matthew Ball / MatthewBall.vc:
A deep look at why expanding into gaming is so important to Netflix, the competition it faces from games like Fortnite, and what its current strategy looks like  —  In 2018, I released the third entry in my “Netflix Misunderstandings” series: “Netflix Isn't Being Reckless, It's Just Playing a Game No One Else Dares.”
Joshua Benton / Nieman Lab:
Facebook's most-viewed story in Q1, from Chicago Tribune linking a doctor's death to COVID vaccines, shows why publishers should consider how content is shared  —  On Friday, The New York Times had a scoop.  Facebook — that known vector for the spread of kid photos, neighborhood goings-on …
Sean Lyngaas / CyberScoop:
Interview with CISA Director Jen Easterly on attack prevention, hiring new staff, improving CISA's ability to scan federal networks for malicious code, and more  —  U.S. cybersecurity officials have scrambled to respond to one major hacking incident after another over the past nine months …
Richard Milne / Financial Times:
Klarna says losses in Q2 soared to $111M, up from $10M in Q2 2020, as credit defaults doubled, driven by an expansion in new markets  —  Swedish ‘buy now, pay later’ start-up continues rapid expansion in new markets  —  Klarna's losses increased significantly in the second quarter …
Source: Klarna.  More: Dow Jones Newswires
Axios:
California expands lawsuit against Activision Blizzard to include temp workers and says the game maker interfered with investigation by shredding pertinent docs  —  California has expanded its anti-discrimination lawsuit against Activision Blizzard, adding temporary workers to the female full …
Mary Ann Azevedo / TechCrunch:
Knoetic, which builds software for HR departments, comes out of stealth with $18M Series A led by Accel  —  Knoetic, a startup that has built a software analytics platform for chief people officers, emerged from stealth today with $18 million in Series A funding.
Ryan Browne / CNBC:
Microsoft says that Xbox Cloud Gaming will expand beyond PC and mobile to its Xbox Series X, Xbox Series S, and Xbox One consoles this holiday season  —  - Microsoft said its Xbox Cloud Gaming service will arrive on console this holiday.  — Cloud gaming lets people stream games over the internet rather than install them locally.
Matt Burns / TechCrunch:
Jane Technologies, which offers an online weed marketplace for consumers and builds e-commerce backends for cannabis dispensaries, raises $100M Series C  —  Don't call Jane Technologies the Amazon of weed.  Instead, think of Jane Technologies as the Shopify of weed, and it's an important distinction.
More: FinSMEs
Mary Ann Azevedo / TechCrunch:
Balance, which offers a B2B checkout service for merchants and marketplaces, raises $25M Series A led by Ribbit Capital  —  Balance, a payments platform aimed at B2B merchants and marketplaces, has raised $25 million in a Series A funding round led by Ribbit Capital.
More: CTech and FinLedger

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Featured Podcasts

The Upstarts Podcast:
The $7B Startup Mapping Your Health In Just One Hour | Neko's Hjalmar Nilsonne
Veteran tech reporter Alex Konrad sits down with breakout entrepreneurs taking on the status quo to shake up their fields in AI, design, nuclear energy, space, and more.
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Cheeky Pint:
The company building underwater drones for $50,000
Stripe cofounder John Collison interviews founders, builders, and leaders over a pint.
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BG2 Pod:
Jensen Huang | Does AI Revenue Justify Capex, '27 AI Bottlenecks, Singularity, Open vs Closed & more
Open-source podcast on all things tech, markets, investing, and capitalism, hosted by Brad Gerstner.
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Big Technology Podcast:
AI Leaders Can't Get Along. So How Will They Keep Us Safe? — With Kevin Roose
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
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Channels with Peter Kafka:
How to Run a Political Campaign in the TikTok Era (And How Not To)
Media and tech aren't just intersecting - they're fully intertwined. To understand how those worlds work, Peter Kafka talks to industry leaders, upstarts and observers.
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Sources:
Robinhood's CEO on letting AI trade your money
Candid conversations with the leaders shaping what's next in AI and the broader tech industry. Hosted by Alex Heath, who has covered Silicon Valley for more than a decade.
Subscribe to Sources.
 

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Earlier Picks

Tom Warren / The Verge:
Michael Finnegan / Los Angeles Times:
Jessica Guynn / USA Today:
Erin Woo / New York Times:
Ashley Carman / The Verge:
Charles Riley / CNN: