Techmeme
August 30, 2021, 12:35 PM

Top News

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
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 …
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 …
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.
Dieter Bohn / The Verge:
Fossil announces Gen 6 Touchscreen smartwatch with a Snapdragon Wear 4100+ processor, starting at $299, and says it won't get Wear OS 3 until sometime in 2022  —  A new Qualcomm processor promises better battery life  —  Fossil has announced its fall 2021 smartwatch lineup running Wear OS, which it is calling the Gen 6 Touchscreen.
Kate Rooney / CNBC:
Paypal has hired the co-founder of online brokerage TradeKing to lead the “Invest at Paypal” unit, which, sources say, plans to let US customers trade stocks  —  - PayPal is exploring ways to let users trade individual stocks, according to two sources familiar with the plan, and public details around a new executive hire.
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 …
Christine Hall / TechCrunch:
Flip, a social commerce app with 1M+ downloads that mixes customer reviews with live shopping shows, raises $28M Series A led by Streamlined Ventures  —  Social commerce startup Flip is mixing live commerce mobile apps with real customer reviews to improve the buying experience and opportunity for the creator economy.
Naoki Matsuda / Nikkei Asia:
China's crackdown on Big Tech has shifted balance in the country's e-commerce market, with JD.com, Pinduoduo thriving while Alibaba reels under heavy pressure  —  Regulatory scrutiny and scandals put e-commerce leader on the ropes  —  SHANGHAI — China's crackdown on Big Tech has shifted …
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 …

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Earlier Picks

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Paresh Dave / Reuters: