Techmeme
August 30, 2021, 10:35 AM

Top News

Hartley Charlton / MacRumors:
Kuo: iPhone 13 hardware could support LEO satellite communications; Apple may work with Globalstar to enable connectivity when not in 4G/5G range  —  The iPhone 13 will feature low earth orbit (LEO) satellite communication connectivity to allow users to make calls and send messages …
Zheping Huang / Bloomberg:
State media says China is restricting online gaming time of minors to 3 hours most weeks of the year, from 8pm to 9pm on Fridays, weekends, and public holidays  —  - The country is imposing its strictest limits yet on play time  — Beijing is waging a campaign to groom productive youths
Andrew Hayward / Decrypt:
Jack Dorsey and Mike Brock say Square's TBD is building a Bitcoin-centric decentralized exchange for digital assets  —  Square's Cash App is a popular way for people to buy and sell Bitcoin, but CEO Jack Dorsey's love for the leading cryptocurrency is immense—and the financial services firm plans to do a lot more in the space.
Mark Gurman / Bloomberg:
Sources: Apple Watch Series 7 will get a flat edged design with 41mm and 45mm displays, and multiple new watch faces to take advantage of the larger sizes  —  This is the free version of Power On.  If you like it, consider subscribing to Bloomberg.com — you'll receive this newsletter several hours earlier …
Bloomberg:
S. Korea is expected to be the first country to pass a law to prevent app stores from mandating first-party IAP payment systems; assembly vote on 8/30 is likely  —  - New law will mandate free choice of app payment providers  — Silicon Valley giants argue privacy, security under threat
Robbie Whelan / Wall Street Journal:
A look at social media stock pickers, many of whom generate more income from ad revenue than investment success, and how bullish advice brings more page views  —  Young investors are turning to a new generation of stock pickers—many without formal training—for advice.
Miles Kruppa / Financial Times:
Whoop, which makes a fitness tracker and sells a subscription-based health coaching app, raises $200M from SoftBank's Vision Fund 2 at a valuation of $3.6B  —  Funding enables fitness tracker start-up to challenge tech giants in health monitoring business  —  Whoop, which makes a fitness tracker …
Anna Kramer / Protocol:
Interview with Apple engineer Cher Scarlett, who has become the face of the #AppleToo movement, a group that wants to shed light on workplace issues at Apple  —  When Apple security engineer Cher Scarlett opened the anonymous worker forum Blind on Friday afternoon, she saw …
Bloomberg:
China starts a two-month campaign to crack down on websites and social media accounts that post financial information that “maliciously bad-mouths” its economy  —  China kicked off a two-month campaign to crack down on commercial platforms and social media accounts …
Benedict Evans:
Many internet privacy proposals circulating today are in direct conflict with those to increase market competition, as they would further entrench big platforms  —  The consumer internet industry spent two decades building a huge, complex, chaotic pile of tools and systems to track and analyse …

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