Techmeme
July 1, 2021, 8:35 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 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 …
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.
Jonathan Zittrain / The Atlantic:
A look at link rot, and projects like Perma, which are trying to give authors of enduring documents like scholarly papers a way to preserve links permanently  —  Sixty years ago the futurist Arthur C. Clarke observed that any sufficiently advanced technology is indistinguishable from magic.
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
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 …
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
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.
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.”
BBC:
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).
Alex Wilhelm / TechCrunch:
Codat, which provides APIs to link financial software used by SMBs to external services, raises $40M round led by Tiger Global  —  This morning Codat, a startup that provides APIs to link small-business fintech data to external services, announced that it has closed a $40 million round led by Tiger Global.
Paul Alcorn / Tom's Hardware:
Micron announces that it has agreed to sell its 3D XPoint fab in Utah to Texas Instruments for $900M in cash  —  Micron announced today that it has entered into a definitive agreement to sell its Lehi, Utah fab to Texas Instruments for $900 million in cash.
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 …
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.
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.
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.

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