Techmeme
July 12, 2021, 9:10 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.
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 …
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:
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
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 …
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: BloombergTweets: @robinwauters
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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Earlier Picks

Cal Newport / New Yorker:
Kif Leswing / CNBC:
James Pearson / Reuters:
The Economic Times: