Techmeme
July 8, 2021, 1:40 PM

Top News

New York Times:
Book excerpt shows how Zuckerberg and Sandberg's partnership deteriorated during the Trump era, as Zuckerberg increasingly made the biggest policy decisions  —  The company they built is wildly successful.  But her Washington wisdom didn't hold up, and neither did their close working relationship.
CNBC:
Instacart hires Fidji Simo, the head of Facebook's app and one of the highest-ranking female executives at Facebook, as its new CEO starting August 2  —  - Simo will succeed Instacart founder Apoorva Mehta on Aug. 2, and Mehta will transition to executive chairman of the board.
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 …
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.
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.
Isabelle Lee / Insider:
Visa partners with 50+ crypto firms, including Coinbase, to let users convert and spend crypto and 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.  — This means clients can buy …
Sascha Segan / PCMag:
Qualcomm and Asus partner to launch the “Smartphone for Snapdragon Insiders”, a $1,499 handset with Snapdragon 888, a glowing Snapdragon logo, and more  —  The Asus-made phone will showcase features that Qualcomm has been promoting but hasn't added to other prominent devices in the US.
FinSMEs:
Instawork, a marketplace that connects hourly workers with employers, raises $60M Series C led by Craft Ventures, bringing its total raised to $100M  —  Instawork, a San Francisco, CA-based digital marketplace connecting local businesses with qualified professionals across the U.S., raised $60m in Series C financing.
Patrick Howell O'Neill / MIT Technology Review:
How a years-long cybercrime investigation by FBI, Russia, and Ukraine was undone by corruption, rivalry, and stonewalling, resulting in the hackers going free  —  Russia and Ukraine promised to cooperate and help catch the world's most successful hackers.  But things didn't quite go to plan.
Nishant Sharma / BloombergQuint:
Zomato prices shares at $0.96-$1.02 for its IPO in India that opens on July 14, 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.
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.
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 …
CNBC:

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Rashi Shrivastava / Forbes:
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Earlier Picks

Michael Sheetz / CNBC:
Romain Dillet / TechCrunch:
Kishan Vyas / XDA Developers:
Wall Street Journal:
Igor Bonifacic / Engadget:
Jason Schreier / Bloomberg: