Techmeme
July 26, 2021, 7:55 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:
Noah Smith / Noahpinion:
Igor Bonifacic / Engadget:
Spotify adds a What's New feed on iOS and Android, showing continually updating new releases from followed artists, rolling out over the coming weeks  —  Spotify is introducing a feature to notify people when their favorite artists and podcast producers have a new release to check out.
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 …
Todd Feathers / VICE:
A look at ShotSpotter, which uses sensors to “detect gunshots”, as court filings suggest it frequently alters evidence at the request of police departments  —  Prosecutors in Chicago are being forced to withdraw evidence generated by the technology, which led to the police killing …
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:
Tom Krazit / Protocol:
Google issues a new Enterprise APIs policy, promising that APIs will remain available far into the future, aiming to move past a reputation for killing services  —  Google Cloud issued a promise Monday to current and potential customers that it's safe to build a business around its core technologies …
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.
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.
Erin Woo / New York Times:
QR codes, which took off in the US amid the pandemic in restaurants and retail, are here to stay, adding convenience but also privacy concerns  —  Fueled by a desire for touchless transactions, QR codes popped up everywhere in the pandemic.  Businesses don't want to give them up.
Theo Wayt / New York Post:
Now-deleted job listings suggest Citizen is paying people in NYC and LA up to $250 per 10-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.
Janko Roettgers / Protocol:
Facebook announces a new Metaverse product group, with plans to hire hundreds of staff, led by Instagram VP Vishal Shah, reporting to VR/AR VP Andrew Bosworth  —  The company plans to hire hundreds of new staffers for the group.  —  Facebook is all in on the Metaverse …
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.

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