Techmeme
July 12, 2021, 12:35 PM

Top News

Mark Landler / New York Times:
After England's defeat in Euro 2020, Boris Johnson and others condemn racist abuse of players on social media, with some calling for tougher action by platforms  —  The social media bigotry, directed at three players who missed penalty kicks in the Euro 2020 final, was condemned by Prime Minister Boris Johnson and most everyone else.
Bloomberg:
Microsoft has agreed to acquire SaaS security intelligence company RiskIQ; a source says Microsoft will pay over $500M  —  Software giant said to pay more than $500 million in cash for the San Francisco company  —  Microsoft Corp. said it has agreed to acquire RiskIQ, a security software maker …
New York Times:
A look at Facebook's long-term struggles with courting creators, as it falls behind YouTube, TikTok, and other rivals  —  The social network is aiming to be a destination for creators and their viral memes.  But TikTok and YouTube got there first.  —  SAN FRANCISCO — Over the past 18 months …
Jay Peters / The Verge:
Leaker Evan Blass tweets that Samsung's Galaxy Unpacked event will be on August 11 and shares renders of new phones, smartwatches, and wireless earbuds  —  New phones, watches, earbuds, and a date: August 11th  —  We might now know a lot of what's coming at Samsung's next Galaxy Unpacked event thanks …
Bloomberg:
FCC approves Amazon's request to use “Radar Sensors” to sense motion and “enable contactless sleep tracing functionalities”  —  - FCC gives Amazon approval to use airwaves for radar sensor  — Device could aid ‘management of sleep hygiene,’ company says
Tom Simonite / Wired:
A look at Search Atlas, a tool that lets users compare Google results for the same query from around the world, showing how Google caters to different locales  —  Search Atlas displays three sets of links—or images—from different countries for any search.
Wall Street Journal:
Sources: ByteDance put its US or Hong Kong IPO plans on hold in March after meeting with Chinese regulators, which asked the company to address security issues  —  Owner of TikTok video app took different approach from ride-hailing company Didi, which pressed ahead with U.S. listing
Matt Stoller / BIG:
Deep dive on Biden's EO, which directed all of the US government to take on big businesses, like tech giants, in concentrated markets, and whether it will work  —  “In the late 1930s, FDR's Administration supercharged antitrust enforcement, increasing more than eightfold the number of cases brought in just two years.”
Eriq Gardner / The Hollywood Reporter:
Manish Singh / TechCrunch:
Flipkart raises a $3.6B round led by GIC, Canada Pension Plan Investment Board, SoftBank Vision Fund 2, and Walmart, at a $37.6B valuation  —  Flipkart said on Monday it has raised $3.6 billion at a post-money valuation of $37.6 billion in what is considered as the pre-IPO round …
Aoife White / Bloomberg:
EU says it will postpone plans for a digital tax, likely to hit US tech giants hardest, to focus on the G20 global tax deal  —  - The move comes after the G-20 endorsed a global tax deal  — Janet Yellen is meeting with several EU officials on Monday  —  The European Union said Monday …
Ingrid Lunden / TechCrunch:
Elevate Brands raises $250M to acquire third-party merchants selling on Amazon's marketplace; Elevate is currently profitable and has already acquired 25 brands  —  The Amazon roll-up play — where one company creates economies of scale by buying up and consolidating multiple smaller third-party merchants …
Kate Kaye / Digiday:
Facebook confirms it is delaying a brand safety audit by industry body MRC, after publicly committing to the audit a year ago during an ad boycott  —  Facebook's brand safety audit is postponed.  —  The company promised the Media Rating Council, the industry's decades-old measurement verification body …
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