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July 26, 2021, 4:55 PM
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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
Noah Smith / Noahpinion:
China's tech crackdown has focused on consumer-facing internet companies, perhaps because Xi believes hard tech like chipmaking is more geopolitically important
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 …
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.
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.
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:
Q&A with Erin Saltman of Global Internet Forum to Counter Terrorism, backed by Facebook and others, on redefining extremism, working with members, and more
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.
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.
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.
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 …
Rebecca Szkutak / Forbes:
Teamflow, which provides 2D virtual offices to promote informal collaboration among remote staff, raises $35M Series B at a $225M valuation led by Coatue  —  In 2019, Flo Crivello was working as the head of product for Uber's JUMP Starter division and found himself completely exhausted, on the verge of tears.

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This is a Techmeme archive page. It shows how the site appeared at 4:55 PM ET, July 26, 2021.

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From Mediagazer

Jessica Toonkel / Wall Street Journal:
Sources: Paramount has discussed creating an oversight committee to protect news independence at CNN; News Corp created a similar group when it bought Dow Jones

Dan Mangan / CNBC:
President Trump announces that White House Press Secretary Karoline Leavitt will leave her post by the end of August to spend more time with her family

Benjamin Mullin / New York Times:
Sources: Forbes fired chief content officer Randall Lane last month after finding he received ~$6M from R.J. Shook, founder of Forbes partner Shook Research

More News

Nico Grant / Bloomberg:
Profile of Google Cloud boss Thomas Kurian, an Oracle veteran who oversees 37,000 employees and has focused on improving Google's sales teams

Earlier Picks

John Newman / ProMarket:
A look at some of the metrics that FTC can use to define Facebook's alleged monopoly in its refiled antitrust suit, including time on-site and “active users”
Sami Fathi / MacRumors:
Mark Gurman: Face ID on the Mac is likely coming within a couple of years, and all iPhones and iPads will transition to Face ID within that timeframe, too
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