Techmeme
July 10, 2021, 7:45 AM

Top News

CNBC:
Biden signs an EO calling on regulators to enact reforms such as increasing scrutiny of tech mergers and focusing more on moves like “killer acquisitions”  —  - President Joe Biden signed a new executive order aimed at cracking down on anti-competitive practices in Big Tech, labor and numerous other sectors.
Josh Sisco / The Information:
Sources: the FTC has opened an in-depth investigation into Amazon's purchase of MGM  —  Any hopes that Amazon had of completing its $8.5 billion purchase of movie and TV studio MGM anytime soon may have just gone out the window.  —  The Federal Trade Commission on Friday opened …
Richard Lawler / The Verge:
Sahil Patel / The Information:
Sources: Apple has had discussions with NFL execs to buy streaming rights for Sunday Ticket games, which currently air on DirecTV  —  Apple has expressed interest in the streaming rights for a package of National Football League games the NFL is now auctioning, said people familiar with the situation …
Eugene Scott / Washington Post:
Biden warns Putin in a call that the US “will take any necessary action” to defend its people and critical infrastructure, after the latest ransomware attacks  —  President Biden told Russian President Vladimir Putin on Friday that the United States will take “any necessary action” …
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.
The Information:
Instacart hired at least 55 engineers, product managers, recruiters, designers, and data scientists from Facebook this year, based on analysis of LinkedIn data  —  Instacart CEO Apoorva Mehta's decision to hire his replacement as the grocery delivery firm prepares a public stock debut surprised most of its employees and investors.
CNBC:

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Lindsey Ellefson / The Wrap:
Sara Fischer / Axios:
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Catalin Cimpanu / The Record:
John Davidson / The Australian Financial Review: