Techmeme
July 12, 2021, 8:10 AM

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.
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
Eriq Gardner / The Hollywood Reporter:
Netflix will benefit from Biden's EO as net neutrality resurfaces and competitors' mergers face scrutiny, such as the Amazon-MGM and WarnerMedia-Discovery deals  —  The streaming giant should welcome — even celebrate — the White House's efforts to promote competition.  Why?  Look closely.
Matt Stoller / BIG:
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 …
Kif Leswing / CNBC:
Profile of PodSwap, a startup offering a battery replacement service for Apple's AirPods, and a great example of why we need right-to-repair legislation  —  - Owners have noticed that Apple AirPods eventually will last only an hour or so before needing to be recharged, compared to their four-to-five-hour battery life out of the box.
Rebecca Rubin / Variety:
Disney says Marvel's Black Widow has earned $60M+ on opening weekend via its Premier Access program, which lets Disney+ subscribers rent the movie for $30  —  The film, starring Scarlett Johansson, is the first from the Marvel Cinematic Universe to open simultaneously in movie theaters and on Disney Plus …
Miles Kruppa / Financial Times:
Sources: SoftBank's Vision Fund 2 invested about $13B in over 50 companies during Q2, up from under $3B invested in less than 24 companies in Q1  —  Japanese group commits $13bn in second quarter as it targets smaller companies  —  SoftBank's second Vision Fund poured about $13bn …
More: Bloomberg

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More News

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Earlier Picks

James Pearson / Reuters:
The Economic Times:
Andrew J. Hawkins / The Verge:
Carly Page / TechCrunch:
Karen Hao / MIT Technology Review: