Techmeme
July 12, 2021, 8:10 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.
Mikael Thalen / The Daily Dot:
Wall Street Journal:
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
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 …
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 …
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
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 …
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 …
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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Siddharth Venkataramakrishnan / Financial Times:

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