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July 8, 2021, 9:15 AM
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| Leah Nylen / Politico: |
AGs from 36 states and DC file an antitrust suit against Google, targeting Play Store's practice of making devs use its billing system and charging a commission — The lawsuit filed in California federal court is the third by state attorneys general to target the company for alleged antitrust violations.
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Washington Post, Wall Street Journal, TechCrunch, The Verge, Thurrott, Protocol, MacRumors, Philip Elmer‑DeWitt, The Hill, Reuters, The Information, Light Reading, iTnews, Firstpost Tech, CNN, The Overspill, SlashGear, PYMNTS.com, Vox, Gizmodo, SiliconANGLE, TNW, NBC News, Engadget, Deadline, ZDNet, CNET, and Yahoo Finance
Tweets: @timsweeneyepic, @joshstein_, @klasfeldreports, @backlon, @citizenalex3, @newyorkstateag, @backlon, @stevekovach, @matthewstoller, @ddayen, @kifleswing, @stevesi, @backlon, @daiwaka, @backlon, @econ_marshall, @backlon, @timsweeneyepic, @reckless, @agellison, @jacknicas, @mmasnick, @econliberties, @derekmross, and @snazzyq
| Wilson White / The Keyword: |
Google says antitrust suit by 37 AGs targeting Google Play is “meritless” as it ignores Android's openness to allow competing app stores and sideloading of apps — We built Android to create more choices in mobile technology. Today, anyone, including our competitors …
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Bloomberg, iThinkDifferent, BBC, Windows Central, Insider, The Verge, XDA Developers, Silicon Republic, phonearena.com, 9to5Google, USA Today, The Register, Tech Xplore, Android Central, and Mashable
Tweets: @lockheimer, @bobbyallyn, @ihnatko, @slightlylate, @thelinuxexp, @dr_scaphandre, and @dnaltews
| New York Times: |
Book excerpt shows the deteriorating relationship between Mark Zuckerberg and Sheryl Sandberg, who some Facebook executives feel misjudged key political events — The company they built is wildly successful. But her Washington wisdom didn't hold up, and neither did their close working relationship.| Zack Seward / CoinDesk: |
Crypto financial services company Circle says it is going public via a SPAC merger at a $4.5B valuation — The deal values Circle at $4.5 billion. — Circle is going public in a deal that values the crypto financial services firm at $4.5 billion, the firm said Thursday.
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PR Newswire, Decrypt, MarketWatch, The Block, Bloomberg, Finextra, Decrypt, and cryptodaily.co.uk
Tweets: @djohnson_cpa, @altcoin_alerts, @ahcastor, and @mayazi
| 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
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DIVD CSIRT, Silicon Republic, ComputerWeekly.com, SecurityWeek, The Register, BleepingComputer, SiliconANGLE, and SC Media
Tweets: @mbthreatintel, @malwarejake, @nicoleperlroth, @gazthejourno, @erratarob, @dnvolz, and @wsj
| Isabelle Lee / Insider: |
Visa is partnering with 50+ crypto firms, including Coinbase, to allow users to convert and spend crypto, says $1B+ was spent via crypto-linked Visa cards in H1 — - Visa is partnering with over 50 crypto companies to allow clients to spend digital currencies.
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Visa, CNBC, Forkast, and Input
Tweets: @chrislbecker, @rosshill, @terryangelos, @visanews, @sbf_alameda, and @ldrogen
| Bonnie Kristian / The Week: |
Trump's lawsuits that claim Facebook, Twitter, and YouTube violated his First Amendment rights are just PR and fundraising tools, and likely legally doomed — One member of this class action is not like the others — Former President Donald Trump announced himself on Wednesday …
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Bloomberg, ZDNet, Knight First Amendment …, Techdirt, and House of Representatives Judiciary Committee
| CNBC: |
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| Fu Ting / Associated Press: |
WeChat has abruptly deleted dozens of accounts of LGBTQ+ student groups and NGOs across China, citing rules violations without providing further details — BANGKOK (AP) — China's most popular social media service has deleted accounts on LGBT topics run by university students and nongovernment groups …
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Tweets: @pakwayne, @kenroth, @mkabhijit2, @pakwayne, @alliancelgb, @bitinn, @jkylebass, and @lopezlinette
| Nishant Sharma / BloombergQuint: |
Zomato prices shares at $0.96-$1.02 for its IPO in India that opens on July 14, is seeking to raise $1.3B at valuation of about $8B — Zomato Ltd. is seeking a valuation of up to Rs 60,000 crore as the food ordering and delivery platform looks to raise capital for expansion.| Alexander Osipovich / Wall Street Journal: |
Robinhood's IPO filing shows 81% of Q1 revenue came from payment for order flow, an oft-scrutinized practice that could potentially be banned by the SEC — The practice provided 81% of the online brokerage's first-quarter revenue — Robinhood Markets Inc. is on a collision course …
Tweets: @jessefelder
| Manish Singh / TechCrunch: |
Indian social commerce startup DealShare raises $144M Series D led by Tiger Global at a $455M post-money valuation — High-profile investors are doubling down on their bets to explore the future of social commerce in India. DealShare said on Thursday it has raised $144 million …
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Tech in Asia, Entrackr, The Economic Times, and TechCircle
| Kia Kokalitcheva / Axios: |
Clearco, which provides non-dilutive, revenue-based financing to internet startups, raises $215M Series C extension from SoftBank Vision Fund 2 — Clearco, which provides non-dilutive, revenue-based financing to internet startups, has raised $215 million in a Series C extension from SoftBank Vision Fund 2.
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BetaKit, TechCrunch, altfi.com, Silicon Republic, Reuters, and Crunchbase News
| Bloomberg: |
Twitter says it will “fully comply” with India's new IT rules, has appointed an interim chief compliance officer, and will name a grievance officer by July 11 — Twitter Inc. pledged to “fully comply” with India's new internet regulations, caving in a dispute with the government …
Tweets: @technology
| Saritha Rai / Bloomberg: |
Report: India has over a thousand funded startups and ten unicorns in the SaaS sector, generating as much as $3B in annual subscription revenues — - The number of SaaS unicorns could increase 10-fold in India — Industry group forecasts strong growth for SaaS market| Romain Dillet / TechCrunch: |
Dutch challenger bank Bunq raises $228M Series A led by Pollen Street Capital at a $1.9B valuation; Series A is the largest ever for a European fintech company — Amsterdam-based challenger bank Bunq has been self-funded by its founder and CEO Ali Niknam for several years.
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Finbold, altfi.com, Silicon Republic, Tech.eu, Reuters, RTÉ, and Silicon Canals
Tweets: @cecilebussy and @sarahkocianski
| Nikkei Asia: |
Sources: Google is acquiring a cashless payment company, pring, in Japan for between $180M-$270M and hoping to offer fintech services in the country next year — US tech major's acquisition of cashless payment startup heralds more competition — TOKYO — Google is making a foray …
Tweets: @nikkeiasia
| Arjun Kharpal / CNBC: |
Filing: Xiaomi will raise around $1.2B via a debt issuance; the money could go toward Xiaomi's international push as well as new areas like electric vehicles — - Chinese smartphone giant Xiaomi will raise around $1.2 billion via debt issuance. — The money could go toward Xiaomi's international push … | Manish Singh / TechCrunch: |
Indian startup Teachmint, which lets teachers create their own virtual classes using its mobile app and video infrastructure, raises $20M led by Learn Capital — As most Indian edtech startups work on broadening their catalog with live and recorded courses for students …
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The Economic Times and Tech in Asia
| Kyle Wiggers / VentureBeat: |
Intellimize, which uses AI to optimize websites to help marketers drive conversions, raises $30M Series B led by Cobalt Capital — Where does your enterprise stand on the AI adoption curve? Take our AI survey to find out. — Intellimize, a startup aiming to help marketers drive conversions … | Gené Teare / Crunchbase News: |
Analysis of global venture funding for H1 2021: $288B invested, an all-time high and up by $110B on H2 2020, with most going to late-stage companies — Global venture capital funding in the first half of 2021 shattered records as more than $288 billion was invested worldwide, Crunchbase numbers show.
Tweets: @kateclarktweets, @efosaojomo, @martinsfp, @tonyt2thomas, and @katie_roof
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