Techmeme
August 30, 2021, 3:20 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
Micah Singleton / Billboard:
Apple acquires classical music streaming service Primephonic, giving its users six free months of Apple Music, and will debut its own classical music app in '22  —  Apple has acquired Primephonic, the classical music streaming service, for an undisclosed amount, the company tells Billboard.
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 …
Zoe Schiffer / The Verge:
Some Apple employees say their privacy is not well protected by Apple, as they decry norms and rules that encourage personal iCloud accounts be used at work  —  Jacob Preston was sitting down with his manager during his first week at Apple when he was told, with little fanfare …
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.
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 …
Arjun Kharpal / CNBC:
ByteDance acquires VR headset maker Pico; according to IDC, Pico was the third-largest VR headset maker globally in Q1 2021 with shipments up 44.7% YoY  —  - TikTok owner ByteDance has made its first foray into virtual reality (VR) through the acquisition of a start-up called Pico.
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.
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.
Andrew Ackerman / Wall Street Journal:
Kraken and others want access to Federal Reserve payment systems to process digital asset sales faster; ahead of the Fed's decision, traditional banks push back  —  Efforts by the new breed of financial entities, if successful, could create more competition for traditional banks
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.
More: FinSMEs
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.

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