Techmeme
July 7, 2021, 5:25 PM

Top News

Bloomberg:
Sources: China plans rule changes requiring Chinese companies to seek approval to list overseas, even if the unit selling shares is incorporated outside China  —  - Securities regulator working to change overseas listing rules  — Change would require VIE firms to get nod to list offshore
Bloomberg:
China's crackdown on its tech giants wiped a combined $823B off their market value since a Feb. peak, with Tencent, Alibaba, and Kuaishou as the biggest losers  —  - Selling in technology sector seen continuing this quarter  — Hang Seng Tech Index has lost 31% from February high
CNBC:
Donald Trump sues Facebook, Twitter, and Google, as well as their CEOs, alleging the companies have violated his First Amendment rights  —  - Former President Donald Trump announced he is suing Facebook, Twitter and Google, as well as their respective CEOs Mark Zuckerberg, Jack Dorsey and Sundar Pichai.
Kishan Vyas / XDA Developers:
OnePlus confirms the OnePlus 9 and 9 Pro throttle many popular apps to improve battery life, after investigations found uneven throttling across apps/benchmarks  —  While camera and display haven't always remained the strongholds of OnePlus, performance is one area where OnePlus phones have historically been quite good.
Alex Heath / The Verge:
Facebook-commissioned study by Comscore claims that most US iOS and Android users stick with preinstalled apps; Apple says the study is “seriously flawed”  —  If you use an iPhone or Android phone, chances are the majority of your most-used apps were made by Apple and Google.
Igor Bonifacic / Engadget:
TikTok tests letting US users apply for jobs with video resumes, posted with a #TikTokResumes hashtag; 30+ brands join the pilot including WWE, Shopify, Target  —  expanding into job recruitment.  As of today, the company has launched a pilot program that allows people in the US to apply for entry …
Manish Singh / TechCrunch:
Wall Street Journal:
A Dutch security researcher group says it had notified Kaseya in April about one of the flaws that was exploited in the devastating ransomware attack last week  —  President Biden is meeting officials to discuss recent attacks, including latest affecting hundreds of organizations around the world
Jason Schreier / Bloomberg:
Ubisoft confirms it's developing Assassin's Creed Infinity, an online service with evolving gameplay that expands over time, seeking to emulate Fortnite and GTA  —  Assassin's Creed, a video game franchise set in huge worlds where each one can take hundreds of hours to complete, is getting even bigger.
Tom McKay / Gizmodo:
In an attempt to keep ahead of China's regulations, Tencent says it'll use a facial recognition system to prevent minors from playing games late into the night  —  Shenzhen, China-based gaming giant Tencent has announced it will use a face recognition system to prevent minors in its home country …
Carson Kessler / ProPublica:
Some users have reported getting locked out of their accounts at Chime, a “neobank” serving millions, with 920 complaints filed to CFPB since April 15, 2020  —  Chime, a “neobank” serving millions, is racking up complaints from users who can't access their cash.
Michael P. Regan / Bloomberg:
A look at synthetic shares of Apple, Amazon, and others, which track the prices of real stocks and are being traded on blockchain projects like Mirror Protocol  —  - A DeFi ‘Trojan Horse’ finds its way to the stock market  — Sounds like ‘investor-protection issue,’ says Themis's Saluzzi
Natasha Lomas / TechCrunch:
Mozilla's crowdsourced study about YouTube over a 10-month period finds 71%+ videos flagged as objectionable by participants were recommended by YouTube itself  —  For years YouTube's video-recommending algorithm has stood accused of fuelling a grab-bag of societal ills by feeding users …
Alfred Ng / The Markup:
Public records and a 2019 version of its user guide show just how invasive AnyVision's facial recognition software can be; AnyVision's customers include schools  —  One school using the software saw that a student's face was captured more than 1,000 times during the week
Ryan Browne / CNBC:
Wise begins trading in London direct listing, valuing the money transfer firm at $11B, and launches OwnWise, a program to let users own a stake in the company  —  - Wise shares opened at £8 a share Wednesday morning, giving the company a market value of £8 billion ($11 billion).
Ben Thompson / Stratechery:
Instagram's shift away from being a photo-sharing app fits within its broader continuous evolution, from photo filtering tool to network to Stories and beyond  —  Last week Head of Instagram Adam Mosseri posted a video on Instagram about Instagram: … Everyone that I've seen …

Sponsor Posts

Tribe AI:
“Tribe AI got more done in 4 weeks than our in-house team did in a year.”  —  See why Tribe is a different kind of machine learning consultancy, built for speed, results, and impact.
Arm DevSummit:
Spark the World's Potential at Arm DevSummit 2021  —  Gain priceless insights and build inimitable connections with industry-leading developers and engineers at the virtual event where hardware and software join forces.
Zoho:
5 ways law firms can use WorkDrive to organize and secure their sensitive files  —  Most law firms create and maintain huge volumes of litigation and transactional data in the course of their regular work.
Techmeme Leaderboards:
Find out who the top reporters are in 43 different tech categories  —  Who are the most influential writers on topics like AI, VR, IoT, or e-commerce?  We've analyzed Techmeme's news crawl data to find out.
Modern Finance Podcast:
Modern Portfolio Construction (crypto+stocks) with Chris Hutchins
Kevin Rose covers all things cryptocurrency, DeFi, NFTs, stock picks, and more.
Subscribe via Apple Podcasts, Spotify, or RSS.
Techmeme Ride Home:
Tue. 09/21 - iPhone Reviews, Kindle Drops And HP Laptops
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 5:25 PM ET, July 7, 2021.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

Gerrit De Vynck / Washington Post:

Earlier Picks

James Hale / Tubefilter:
Will Oremus / Washington Post:
Catalin Cimpanu / The Record:
Financial Times: