July 1, 2021, 2:25 AM

Top News

Salvador Rodriguez / CNBC:
Adam Mosseri says Instagram plans to test video more broadly, calls TikTok and YouTube competitors, and says Instagram is “no longer a photo-sharing app”  —  - Facebook's head of Instagram said the service plans to start showing users full-screen, recommended videos in their feeds.
Sarah Perez / TechCrunch:
David McLaughlin / Bloomberg:
Amazon says it is seeking the recusal of FTC chair Lina Khan from matters related to the company, citing her history of criticism and antitrust arguments  —  - Online retail giant files petition saying Khan shows bias  — FTC is reviewing Amazon's purchase of MGM movie studio
David Ingram / NBC News:
A federal judge has issued a preliminary injunction blocking Florida's Stop Social Media Censorship Act from going into effect, which was scheduled for Thursday  —  A federal judge Wednesday put on hold a first-of-its-kind law in Florida that authorized the state to penalize social media companies …
Federico Viticci / MacStories:
As iOS 15 and iPadOS 15 public betas arrive, an in-depth look at Focus, Safari's revamped UI, iPad multitasking, SharePlay, and other new features  —  For the past three weeks, I've been running the developer beta of iOS and iPadOS 15 on my iPhone 12 Pro Max and M1 iPad Pro, respectively.
Kyle Bradshaw / 9to5Google:
Google updates its Passes API to let users store COVID vaccine cards on Android devices, starting in the US; Google will not keep a copy of the user's info  —  Google has announced today that Google Pay is now capable of saving and displaying COVID-19 vaccination cards on Android, starting with select providers in the United States.
Dieter Bohn / The Verge:
AT&T joins T-Mobile in making Google's Android Messages the default app for SMS and RCS services on Android phones; Verizon so far has not made the switch  —  Verizon is the last big carrier not to switch  —  AT&T and Google have announced that all Android phones on the network …
Ron Miller / TechCrunch:
Slack releases Slack Huddles, an audio chat tool, and details new features, including video messages and an enhanced company directory  —  Slack started talking about a new set of communications tools to enhance the text-based channels at the end of last year.
Riley de León / CNBC:
SentinelOne closed up 21% at $42.50 per share in its debut, valuing the company at $10B+; SentinelOne had the highest valued cybersecurity IPO in history  —  - Cybersecurity company SentinelOne made its market debut Wednesday on the New York Stock Exchange and is now trading under the ticker symbol “S.”
Varun Mishra / Counterpoint Research:
iPhone 12 series sales crossed 100M globally in April 2021, seven months after launch, two months faster than iPhone 11; iPhone 12 Pro Max had a 29% sales share  —  Exactly 14 years ago, Apple disrupted the smartphone market as the first iPhone went on sale.  There has been no looking back for Apple since then.
Stephen Nellis / Reuters:
Microsoft and AT&T say the carrier will run core parts of its 5G network on Azure; AT&T's newer networks rely more heavily on virtualization than hardware  —  Microsoft Corp (MSFT.O) and AT&T Inc (T.N) on Wednesday said that the carrier will run core parts of its 5G wireless network on Microsoft's cloud computing platform.
Jessica Bursztynsky / CNBC:
Shares of Didi Chuxing closed up 1% in its trading debut, giving it a market cap of $67.8B; stock spiked as much as 28.6% intraday  —  - Shares of Didi Chuxing, the Chinese ride-hailing giant, began trading Wednesday in its initial public offering.  — Didi was most recently valued …
The Block:
Twitter releases a set of seven NFTs, each available in 20 designs, and is auctioning them on marketplace Rarible  —  Quick Take  — Twitter has released a set of seven NFTs, with 20 available in each design.  — It's auctioning them on NFT marketplace Rarible.
Maine enacts the strongest statewide facial recognition law in the US, prohibiting the use of facial recognition tech in public schools and most police work  —  AUGUSTA, Maine - Maine has enacted the country's strongest statewide facial recognition law.  Maine's law prohibits the use …
Twitter and Facebook are fighting new Indian rules they say curtail privacy and free speech; the regulations include potential jail terms for executives  —  - Government wants the power to decide acceptable speech online  — Twitter's under scrutiny in one of its fastest-growing markets
Megan Graham / CNBC:
Content recommendation company Taboola closed down 2% in its first day of trading after going public via merger with a SPAC  —  - Digital ad company Taboola began trading on the Nasdaq Wednesday following its merger with ION Acquisition Corp. 1, a special acquisition corporation.
BuzzFeed News:
Clearview AI data shows GAO's recent report on government use of facial recognition overlooked usage by five agencies, including IRS, TSA, and US Capitol Police  —  In a government accountability report about facial recognition, five federal agencies said they didn't use Clearview AI.
Megan Graham / CNBC:
Integral Ad Science, which helps keep digital ads non-fraudulent and “brand safe”, closes up 14% in its debut after its IPO, valuing the company at ~$3.3B  —  - Ad tech company Integral Ad Science began trading on Wednesday under the ticker “IAS.”  — IAS pegs itself as a “verification company” for digital ads.
Tim Berners-Lee sells an NFT for $5.4M that represents time-stamped files of the source code for the world wide web and other items, via a Sotheby's auction  —  The original source code for the world wide web has been sold as a non-fungible token, making $5.4m (£3.9m).
Dave Michaels / Wall Street Journal:
Financial Industry Regulatory Authority fines Robinhood $70M for misleading customers and system outages, the biggest fine it has ever imposed  —  Online brokerage faulted for missteps related to options trading and technology outages; company neither admits nor denies allegations

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Earlier Picks

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