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August 31, 2021, 2:50 PM
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Jiyoung Sohn / Wall Street Journal:
South Korea's National Assembly passes a bill that forces Apple and Google to allow alternative payment systems in their app stores  —  Seoul requires the companies to allow competing payment systems, threatening their 30% cut of most in-app digital sales  —  SEOUL—Google and Apple Inc …
Tom Warren / The Verge:
Microsoft says Windows 11 will not support Android apps at launch on October 5; support for Android apps will likely arrive in 2022  —  Microsoft will start testing Android apps on Windows 11 in the coming months  —  Microsoft won't ship support for Android apps on Windows 11 in time for the operating system's launch on October 5th.
Sara Fischer / Axios:
Source: Facebook plans to downrank current events content and political posts in the News Feed, after users approved of tests that limited such content  —  Facebook plans to announce that it will de-emphasize political posts and current events content in the News Feed based on negative user feedback, Axios has learned.
New York Times:
Investigation shows Accenture is Facebook's biggest content moderation partner, employing over a third of its moderators, with annual contracts exceeding $500M  —  The social network has constructed a vast infrastructure to keep toxic material off its platform.  At the center of it is Accenture, the blue-chip consulting firm.
Mark Gurman / Bloomberg:
Source: Apple's planned satellite capabilities for the iPhone are focused on emergencies, enabling texts and crisis reports in areas without cellular coverage  —  - Apple plans an emergency-reporting tool for future iPhones  —  Apple Inc.'s push to bring satellite capabilities to the iPhone …
Daisuke Wakabayashi / New York Times:
Sundar Pichai informs Google employees that plans to return to offices are being pushed back again, from October to January 10  —  Google is pushing back its return-to-office date by three months, to Jan. 10, in a decision that reflects the spread of the highly contagious Delta variant of the coronavirus.
More: Bloomberg and Reuters.  Tweets: @gaberivera
Dave Nyczepir / FedScoop:
White House announces the US Digital Corps, a two-year fellowship aiming to recruit early-career software engineers and other technologists to federal agencies  —  The White House launched a two-year fellowship Monday designed to place early-career software engineers, data scientists and other technologists at federal agencies.
Micah Singleton / Billboard:
Apple acquires classical music streaming service Primephonic, giving users six free months of Apple Music, and will launch its own classical music app in 2022  —  Apple has acquired Primephonic, the classical music streaming service, for an undisclosed amount, the company tells Billboard.
Garett Sloane / Ad Age:
LinkedIn is abandoning its Stories format at the end of September and has told advertisers to adjust their ad campaigns accordingly  —  Brands will have to adjust ad campaigns when video format leaves the platform after September  —  LinkedIn is telling advertisers to prepare for the end …
Ingrid Lunden / TechCrunch:
Eight Sleep, which makes smart mattresses that cost $3K+ and use ML to regulate temperature for better sleep, raises $86M Series C led by Valor Equity Partners  —  The venture world is — quite literally — waking up to the potential of applying artificial intelligence to a wider variety of real-world …
More: Fortune.  Thanks:@ingridlunden
MIT Technology Review:
Sources and experts say US-funded Afghan government databases containing sensitive personal data could be used by the Taliban to identify millions of Afghans  —  As the Taliban swept through Afghanistan in mid-August, declaring the end of two decades of war, reports quickly circulated …
Joanna Stern / Wall Street Journal:
Getting a water-damaged MacBook Pro fixed shows how independent repair shops can make repairs more affordable to consumers if Apple allows them access to parts  —  New legislation aims to provide more options for fixing our broken gadgets.  A journey to fix two MacBooks illustrates …
Zheping Huang / Bloomberg:
State media says China is restricting online gaming for minors to three hours most weeks of the year, from 8pm to 9pm on Fridays, weekends, and public holidays  —  - The country is imposing its strictest limits yet on play time  — Beijing is waging a campaign to groom productive youths
Wall Street Journal:
Wall Street institutions are increasingly tracking amateurs on Reddit, Twitter, and Discord to find trading opportunities, following GameStop's meteoric rise  —  Deep-pocketed banks and hedge funds now take their cues from armies of Main Street traders  —  Wall Street professionals tell everyday investors what stocks to buy.
Ryan Vlastelica / Bloomberg:
As ad revenue surges, Alphabet shares are up 65% over 2021, and up more than 7% in August to reach a record high of $2,891.81, the longest rally since 2009  —  - Shares are poised for their eighth straight month of gains  — Yearly rise nearly twice as much as Facebook, Microsoft
Ingrid Lunden / TechCrunch:
Manchester-based Peak AI, which helps non-tech companies build AI apps, raises $75M Series C led by SoftBank Vision Fund 2, bringing total funding to $118M  —  As artificial intelligence continues to weave its way into more enterprise applications, a startup that has built a platform to help businesses …

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This is a Techmeme archive page. It shows how the site appeared at 2:50 PM ET, August 31, 2021.

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From Mediagazer

Josh Gerstein / Politico:
A US federal judge pauses an order requiring Trump to disclose details of his businesses' financial performance to the BBC in his $10B defamation suit

The Wrap:
The FCC votes to repeal the national broadcast ownership cap and replace it with a case-by-case review, approving the measure by a 2-1 margin

Etan Vlessing / The Hollywood Reporter:
Lionsgate reports Q1 revenue up 48% YoY to $776.6M, vs. $693.1M est., net loss of $28.8M, vs. $109M a year earlier, adjusted OIBDA of $79.3M, vs. $65.5M est.

More News

Toby Sterling / Reuters:
Tech investor Prosus NV says it has agreed to buy Indian payments service BillDesk for $4.7B to complement its own PayU business

Earlier Picks

Danny Nelson / CoinDesk:
The Central Bank of Nigeria says it will work with blockchain and payments startup Bitt Inc. to launch Nigeria's eNaira digital currency later this year
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