Techmeme
July 12, 2021, 9:30 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.
Wall Street Journal:
Mikael Thalen / The Daily Dot:
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 …
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
Wall Street Journal:
Sources: ByteDance put its offshore 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
Abner Li / 9to5Google:
Google unveils a feature for Android 12 that lets users play a game from the Play Store before it's fully downloaded, available with “minimal developer effort”  —  On the first day of this year's Games Developer Conference, Google introduced a handful of Android 12-specific features …
Brian Steinberg / Variety:
Disney to raise the subscription fees for ESPN+ in the US to $7/mo. and $70/year, from $6/mo. and $60/year; price for a Disney bundle is unchanged at $14/mo.  —  Disney will raise the monthly and annual fees for ESPN Plus, one of three different subscription-based streaming services it operates in the U.S. …
Rebecca Rubin / Variety:
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
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
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 …

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