Techmeme
July 26, 2021, 1:25 PM

Top News

Bloomberg:
China issues regulations for food delivery platforms, mandating minimum wage, respect for worker rights, and more, leading to Meituan shares dropping by 14%+  —  - It extended losses after Beijing issued food platform curbs  — Meituan is grappling with a broader antitrust investigation
Financial Times:
China's edtech overhaul could eliminate foreign investors from the sector and wipe out billions invested by Sequoia, Tiger, Tencent, and SoftBank's Vision Fund  —  Tutoring businesses feared ‘virtually uninvestable’ under plans to curb private capital  —  China's sweeping overhaul …
Noah Smith / Noahpinion:
Erin Woo / New York Times:
As QR codes proliferate among hospitality and retail businesses due to the pandemic, privacy experts warn of businesses tracking customers and spending patterns  —  Fueled by a desire for touchless transactions, QR codes popped up everywhere in the pandemic.  Businesses don't want to give them up.
Bloomberg:
Sources: DOJ is probing whether Tether execs committed bank fraud in its early stages; Tethers in circulation are worth ~$62B, underpin >50% of bitcoin trades  —  - Tether says it's committed to cooperating with law enforcement  —  A U.S. probe into Tether is homing in on whether executives behind …
Max Fisher / New York Times:
Analysts and US officials say the disinformation-for-hire industry is booming, as influencers get approached by back-alley firms to spread falsehoods  —  Back-alley firms meddle in elections and promote falsehoods on behalf of clients who can claim deniability, escalating our era of unreality.
New York Times:
FTX and Binance will curb highly leveraged cryptocurrency trading, a practice that can vastly multiply losses; FTX offered 101x leverage, now down to 20x  —  The moves would reduce the size of the bets that investors can make by drastically cutting the maximum leverage offered.
Elizabeth Culliford / Reuters:
Facebook, Twitter, Microsoft, YouTube, and others will now add content from white supremacist and far-right militias to a key counterterrorism database  —  A counterterrorism organization formed by some of the biggest U.S. tech companies including Facebook (FB.O) and Microsoft (MSFT.O) …
Issie Lapowsky / Protocol:
Elizabeth Dias / New York Times:
As part of its expanded outreach to US churches, Facebook is offering subscription tools for exclusive content and donation tools during live streams  —  The company is intensifying formal partnerships with faith groups across the United States and shaping the future of religious experience.
Abner Li / 9to5Google:
Ex-Google employee recounts how Google abandoned a redesign attempt of Chrome on Android, which was similar to iOS 15's Safari, with the URL bar at the bottom  —  Apple's mobile web browser is the main lightning rod of this year's iOS 15 beta period and it remains to be seen whether it will actually launch in the fall.
Source: Chris LeeMore: phonearena.com
Theo Wayt / New York Post:
Now-deleted job listings suggest Citizen is paying people in NYC and LA up to $250 per ten-hour shift to livestream crime scenes and other emergencies  —  Want to make $200 a day in New York City?  Rush to the scene of a murder, a three-alarm fire or a traffic accident — then pull out your phone and start shooting.

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