Techmeme
July 3, 2020, 1:45 PM

Top News

Jason Koebler / VICE:
Angry over critical coverage, tech figures discuss hitting back against journalists, on Twitter and invite-only Clubhouse, leading to harassment of NYT's Lorenz  —  In leaked audio from an invite-only app, venture capitalists pondered everything they think is wrong with journalism.
Reuters:
European advertising associations criticize Apple's plans to require apps to seek additional permission before tracking users across other apps and websites  —  (Reuters) - A group of European digital advertising associations on Friday criticized Apple Inc's (AAPL.O) plans to require apps …
Yimou Lee / Reuters:
Taiwan's Foxconn says customs clearing procedures in India have been resolved  —  TAIPEI (Reuters) - Apple supplier Foxconn said on Friday customs clearing procedures in India have been resolved, as additional scrutiny by the country of imports from China disrupted operations in some foreign firms amid tensions between the Asian giants.
Jack Shafer / Politico:
Companies have little to lose from joining a Facebook boycott during a slow month for ads amid a pandemic; they'll be back, and Facebook will emerge stronger  —  Every day, it seems, another major corporation joins the advertiser boycott against Facebook.  First came The North Face, REI and Patagonia.
Alex Heath / The Information:
Manish Singh / TechCrunch:
India's Reliance Jio launches JioMeet, a Zoom-like video-conference service, offering unlimited free calls in 720p with up to 100 participants and no time limit  —  India's Reliance Jio Platforms, which recently concluded a $15.2 billion fundraise run, is ready to enter a new business: Video conferencing.
Dan Primack / Axios:
Instacart raises $100M in new funding from T. Rowe Price, on top of the $225M round co-led by DST Global and General Catalyst last month  —  Grocery delivery company Instacart has raised $100 million in new funding, on top of the $225 million it announced l ast month, the company tells Axios.
More: Axios
Financial Times:
UK government and India's Bharti Enterprises win an auction for bankrupt satellite broadband operator OneWeb for $1B; the parties will own a 45% stake each  —  British government's joint venture with Bharti will compete with Elon Musk's Starlink  —  Britain is set to go head to head …
Manish Singh / TechCrunch:
Intel Capital to invest $253.5M in Jio Platforms for a 0.39% stake, giving the Indian firm a valuation of $65B  —  Intel said on Friday it will invest $253.5 million in Jio Platforms, joining a roster of high-profile investors including Facebook and Silver Lake that have backed India's top telecom operator …
Neil Cybart / Above Avalon:
Apple is pulling away from the competition to a degree never seen before and has years worth of competitive advantage in emerging categories like wearables  —  For the second year in a row, Apple held a developers conference that should frighten its competitors.
Wallace Witkowski / MarketWatch:
Lemonade, an AI-driven insurance service, closes up 140% in its NYSE debut, reaching a $3.93B market cap, more than double its 2019 valuation from Softbank  —  Referenced Symbols  —  As the world is buffeted by digital and societal revolutions, Lemonade Inc. is hoping to leverage …

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Earlier Picks

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