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July 10, 2021, 2:20 PM
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| 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.
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Tweets: @linakhanftc, @potus, @potus, @chenweihua, @eshalegal, @jenfl23, @staceyplaskett, @linakhanftc, @senblumenthal, @matthewstoller, @felixsalmon, @richardtrumka, @taralach, @amyklobuchar, @caffar3cristina, @fboversight, @taralach, @taralach, @davidakaye, @halsinger, @marwilliamson, @eshalegal, @matthewstoller, @benedictevans, @senatorbennet, @repkatieporter, @kendraschaefer, @kendraschaefer, @kendraschaefer, @politico, @senblumenthal, @repjayapal, @matthewstoller, @matthewstoller, @jbarro, @b_fung, @sarahfrier, @matthewstoller, @matthewstoller, @eshalegal, @will_bunch, @man_integrated, @kendraschaefer, @sbf_alameda, @timobrien, @profcarroll, @nproctor, @ron_miller, @b_fung, @peterzeihan, @bitshammer, @waynedupreeshow, and @stevekovach
| 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 …
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The Hollywood Reporter, The Verge, Gizmodo, CNET, AppleInsider, and Federal Trade Commission
Tweets: @eriqgardner, @great_katzby, @entstrategyguy, @adamkovac, @jasonhirschhorn, @dylanbyers, @amir, and @pkafka
| Richard Lawler / The Verge: |
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| Yoolim Lee / Bloomberg: |
Report: mobile wallets became the most widely used payment method in 2019, 2.8B wallets were in use by the end of 2020; SE Asia is the fastest growing region — - Mobile wallets are now the most widely used payment method — Chinese wallets not likely to dominate emerging Asia: study| Joseph Cox / VICE: |
Phones with the “Anom” messaging app used in FBI and AFP's global sting are being sold on the secondary market, revealing the ArcaneOS operating system and more — ‘Anom’ phones used in an FBI honeypot are mysteriously showing up on the secondary market. We bought one. — Joseph Cox
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| Isabella Simonetti / Bloomberg: |
Some Black TikTok creators describe unfair treatment by the platform and wider influencer economy, leading some to strike from creating new dances — After their strike, there's more to fix on TikTok — Mya Nicole Johnson, a 15-year-old Black influencer with 675,000 TikTok followers …
Tweets: @carnage4life, @rustybeltbuckle, @business, @uscannenberg, @okwasi, @theericklouis, @latimes, @okwasi, @latimes, @thesimonetti, and @okwasi
| Sohini Podder / Reuters: |
Blackstone to buy Sphera, a environmental, social and governance (ESG) software provider, from private equity firm Genstar Capital for $1.4B — Blackstone Group Inc said on Tuesday it will buy Sphera, a environmental, social and governance (ESG) software, data and consulting services provider … | Zheping Huang / Bloomberg: |
Chinese regulators rejected Tencent-led merger of Huya and DouYu, which together have 80%+ share of the Chinese game live streaming market based on active users — - Regulators reject Huya-DouYu merger as scrutiny grows — Tencent had been counting on the merger to solidify its lead| Bloomberg: |
Five former Kaseya employees say they have warned the company about its lax security practices, and were laid off or quit as Kaseya failed to address the issues — - Ransomware attack hit as many as 1,500 businesses this month — Workers say Kaseya ignored warnings about key vulnerabilities
Tweets: @business, @arekfurt, @viss, @truesec, @williamturton, @biannagolodryga, @apanzerj, @adam_k_levin, @matthewstoller, @matthewstoller, and @rj_gallagher
| Charlie Taylor / The Irish Times: |
Ireland-based Teamwork, which creates business management SaaS applications, raises $70M, its first-ever external funding since its founding in 2007 — Founded by Daniel Mackey and Peter Coppinger, Teamwork's clients include Disney — Irish software company Teamwork has secured $70 million …
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Business Wire and Teamwork. More:
independent, FinSMEs, Silicon Republic, Enterprise Times, and RTÉ
Tweets: @endeavorireland, @damienmulley, @j_k9, and @donal_cahalane
| Janko Roettgers / Protocol: |
Samsung quietly launched its TV Plus streaming service on the web in May and has added to its mobile app the ability to cast videos to devices via Chromecast — Samsung is expanding its ad-supported streaming efforts: The company quietly launched its TV Plus streaming service on the web in recent weeks … | Josh Horwitz / Reuters: |
China's internet regulator says any Chinese company with data for more than 1M users must undergo a security review before listing its shares overseas — China's cyberspace regulator said on Saturday any company with data for more than 1 million users must undergo a security review …
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Financial Times, Bloomberg, New York Times, caixinglobal.com, Wall Street Journal, and Reuters. Tweets: @lizalinwsj
| Nikkei Asia: |
Malaysia's AirAsia bought Gojek's Thai business in an all-stock deal, giving Gojek a 4.76% stake in AirAsia's “superapp” business that has been valued at ~$1B — Malaysia carrier furthers its “superapp” ambitions via deal with Indonesia unicorn
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