Techmeme
July 9, 2021, 7:35 AM

Top News

CNBC:
Biden to sign an EO calling on regulators to enact reforms such as increasing scrutiny of tech mergers and focusing more on moves like “killer acquisitions”  —  - The White House on Friday will announce a new executive order aimed at cracking down on anticompetitive practices in Big Tech, labor and numerous other sectors.
Jay Peters / The Verge:
Square announces it will build a hardware wallet for bitcoin, after Jack Dorsey had discussed the possibility of creating one in June  —  CEO Jack Dorsey said the company was considering one in June  —  Square is going to make a hardware wallet for bitcoin, the company's hardware lead, Jesse Dorogusker, announced on Thursday.
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.
John Davidson / Australian Financial Review:
Australia's Federal Court reverses earlier ruling and allows Epic's antitrust case against Apple's App Store to proceed; Apple says it will appeal the judgment  —  The maker of the smash hit game Fortnite can sue Apple in Australia for illegally wielding control over its iPhones and iPads, the Federal Court has found.
Sarah Frier / New York Times:
Book review of An Ugly Truth: an effective examination of every major Facebook scandal and shortcomings in Facebook's leadership, structure, and accountability  —  When you purchase an independently reviewed book through our site, we earn an affiliate commission.  —  AN UGLY TRUTH
New York Times:
Richard Nieva / CNET:
Anger grows among some Google staff about “hypocritical” remote work decisions and transfers as senior exec Urs Hölzle announces plans to work from New Zealand  —  As Google employees around the world make plans for post-pandemic work at the tech giant, Laura de Vesine won't be among them.
Ray A. Smith / Wall Street Journal:
How dating apps are increasingly used to start platonic friendships, with average time spent on Bumble's BFF growing 83% for men and 44% for women in Q1 2021  —  Millennials and members of Generation Z increased their use of dating apps to make platonic friends during the pandemic; ‘now we all have these big life moments together’
Gerry Smith / Bloomberg:
A look at Peacock as it enters its second year, considers expansion abroad, and tries to grow paid subscriptions; sources: 20% of Peacock's 14M MAUs pay for it  —  Inside 30 Rockefeller Plaza in New York last month, NBC executives revealed their long-awaited plan to use the Olympics to supercharge their streaming service, Peacock.
Bloomberg:
A look at TokenSniffer, a website tracking cryptocurrency scams that claims to have tracked 42,071 tokens and 2,250 scams or hacks as of June 16  —  Billions are getting pilfered annually through a variety of cryptocurrency scams.  The way things are going, this will only get worse.
Adi Robertson / The Verge:
Oversight Board reverses a decision banning an Instagram post that criticized solitary confinement, after finding Facebook “lost” a policy exception for 3 years  —  An exception to the ban on supporting ‘dangerous entities’  —  Instagram accidentally banned …
Jon Porter / The Verge:
AG suit alleges Google tried to “preemptively quash” Samsung's Galaxy app store by offering to pay Samsung, stopping OEMs from offering other stores, and more  —  ‘Competition in app distribution is a virus to be eliminated’  —  Google used anticompetitive practices in an attempt to …
Wilson White / The Keyword:
CNBC:
Donald Trump sues Facebook, Twitter, and YouTube, as well as Zuckerberg, Dorsey, and Pichai, claiming 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.
Bonnie Kristian / The Week:

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