Techmeme
July 1, 2021, 9:05 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.
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.
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 …
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
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.
Ercan Ersoy / Bloomberg:
Hepsiburada.com, one of Turkey's largest online shopping services, raises $470M in its Nasdaq IPO at a $3.9B valuation  —  - E-commerce platform gets $738 million from IPO of 20% stake  — Franklin Resources still backs the firm even as it cuts stake  —  Hepsiburada.com was valued …
More: PR Newswire and Reuters
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).
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
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.”
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.
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.
Jacob Kastrenakes / The Verge:
TikTok is rolling out longer videos of up to three minutes, up from one minute, to all users over the coming weeks, after testing them since December  —  Now up to three minutes  —  TikToks are about to get longer.  The app is now rolling out the ability for everyone to publish videos …
Nupur Anand / Reuters:
Sources: Indian crypto exchanges are scrambling to secure viable payment solutions after banks and payment gateways started cutting ties with them  —  MUMBAI (Reuters) - Indian cryptocurrency exchanges are scrambling to secure viable, permanent payment solutions to ensure seamless transactions …
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.
Ingrid Lunden / TechCrunch:
Czech on-demand grocery delivery service Rohlik raises €100M Series C led by Index Ventures at a €1B valuation  —  “Instant” grocery delivery has been a big theme among food startups in Europe, where customers can order from a limited assortment of items and get their purchases packed from …
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 …

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