Techmeme
July 12, 2021, 6:05 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.
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 …
Wall Street Journal:
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
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
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 …
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 …
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 …
Tanaya Macheel / CNBC:
CryptoCompare: cryptocurrency trading volume on top exchanges fell by ~40% from May to June, but June still ranks in the top five months of volume ever recorded  —  - Trading volumes at the largest exchanges, including Coinbase, Kraken, Binance and Bitstamp, fell more than 40% in June, according to CryptoCompare
Wall Street Journal:
After Binance froze for over an hour during a cryptocurrency crash on May 19, many users who lost money have had trouble petitioning Binance, which lacks a HQ  —  The world's largest crypto exchange has no headquarters, making it difficult for disgruntled traders to complain about the May crash
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:

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