| Jiyoung Sohn / Wall Street Journal: |
South Korea's National Assembly passes a bill that forces Apple and Google to allow alternative payment systems in their app stores — Seoul requires the companies to allow competing payment systems, threatening their 30% cut of most in-app digital sales — SEOUL—Google and Apple Inc … | Bloomberg: |
Source: Apple's upcoming Watch is suffering production snags as manufacturers adjust to a new design, likely leading to supply constraints or shipment delays — - Revamped device has a larger screen and other new features — Wearables category has been one of fastest-growing for Apple| Zoe Schiffer / The Verge: |
Apple bars staff from making a Slack channel about pay equity; Apple says it's because it's not work related, despite other channels on pets and jokes — The company's rules around Slack usage are not being evenly enforced — Apple has barred employees from creating a Slack channel to discuss pay equity.| New York Times: |
Investigation shows Accenture is Facebook's biggest content moderation partner, employing over a third of its moderators, with annual contracts exceeding $500M — The social network has constructed a vast infrastructure to keep toxic material off its platform. At the center of it is Accenture, the blue-chip consulting firm.| Garett Sloane / Ad Age: |
LinkedIn is abandoning its Stories format at the end of September and has told advertisers to adjust their ad campaigns accordingly — Brands will have to adjust ad campaigns when video format leaves the platform after September — LinkedIn is telling advertisers to prepare for the end … | Tom Warren / The Verge: |
Microsoft says Windows 11 will not support Android apps at launch on October 5; support for Android apps will likely arrive in 2022 — Microsoft will start testing Android apps on Windows 11 in the coming months — Microsoft won't ship support for Android apps on Windows 11 in time for the operating system's launch on October 5th.| Daisuke Wakabayashi / New York Times: |
Sundar Pichai informs Google employees that plans to return to offices are being pushed back again, from October to January 10 — Google is pushing back its return-to-office date by three months, to Jan. 10, in a decision that reflects the spread of the highly contagious Delta variant of the coronavirus.| Scott Chipolina / Decrypt: |
El Salvador's plan to make Bitcoin legal tender has been unpopular, with protests over concerns of money laundering, forcing trade in BTC, unconstitutionality — El Salvador will soon accept Bitcoin as legal tender, but not everybody shares the President's enthusiasm as citizens took to the streets this week.| Alex Weprin / The Hollywood Reporter: |
United Talent Agency signs NFT art projects CryptoPunks, Meebits, and Autoglyphs, all created by Larva Labs, for representation across film, TV, games, and more — The agency will represent the crypto-art projects from Larva Labs for film, TV, video games, and publishing projects … | Stephanie Condon / ZDNet: |
CrowdStrike beats in Q2 with revenue of $337.7M, up 70% YoY; ARR rose 70% YoY to $1.34B, subscription revenue was $315.8M, up 71% YoY, net new subs grew 81% YoY — Subscription revenue was up 71% while the cybersecurity company saw its total number of subscription customers grow by 81%| Dan Primack / Axios: |
Syndicate, a decentralized investing platform that wants to make it easier for users to create DAOs, raises $20M Series A led by Andreessen Horowitz — Syndicate, a decentralized investing platform, raised $20 million in Series A funding led by Andreessen Horowitz.| Jon Brodkin / Ars Technica: |
135+ subreddits have gone private in protest of Reddit's refusal to ban communities that spread misinformation about the COVID pandemic and vaccines — PokemonGo, Futurology among big subreddits going private until Reddit takes action. — Over 135 subreddits have gone dark this week … | Vildana Hajric / Bloomberg: |
FTX acquires US-regulated crypto derivatives exchange LedgerX for an undisclosed sum, to expand its futures and options products in the US — - Strategy is to offer array of assets in regulated markets — Majority of global crypto volume trades through derivatives| TechCrunch: |
Roundup of 180+ companies that launched at YC's Summer 2021 Demo Day 1, including food delivery, investment, edtech, AI, and payment startups — Today Y Combinator kicked off the Demo Day cycle for its Summer 2021 cohort. The collection of early-stage startups on day one-of-two alone numbered … | Sara Fischer / Axios: |
Sources: Amazon is developing a live audio feature, led by its Music division, with a focus on live music and potentially radio and podcasts — Amazon is investing heavily in a new live audio feature that's similar to other live audio offerings like Clubhouse, Twitter Spaces and Spotify's new live audio platform, sources tell Axios.| Alex Wilhelm / TechCrunch: |
Alpaca, which offers APIs for fintech apps to connect and trade in US stocks, raises $50M Series B led by Tribe Capital and says it is expanding into crypto — Alpaca said this morning that it has closed a massive $50 million Series B round of capital. TechCrunch previously covered … | Bloomberg: |
Checkr, whose tech for employment background checks is used by Uber, Airbnb, and others, raises a $250M round led by Durable Capital at a $4.6B valuation — Checkr, a technology platform for employment background checks, has raised $250 million in a financing round that more than doubles its valuation from earlier this year.| Sara Fischer / Axios: |
Source: Facebook plans to downrank current events content and political posts in the News Feed, after users approved of tests that limited such content — Facebook plans to announce that it will de-emphasize political posts and current events content in the News Feed based on negative user feedback, Axios has learned.| Ash Parrish / The Verge: |
Streamers organize #ADayOffTwitch walkout to bring awareness to the recent increase of “hate raids”, and say Twitch isn't taking the issue seriously enough — On Wednesday, September 1st, a number of channels on Twitch will go dark as streamers participate in #ADayOffTwitch … | Wall Street Journal: |
Wall Street institutions are increasingly tracking amateurs on Reddit, Twitter, and Discord to find trading opportunities, following GameStop's meteoric rise — Deep-pocketed banks and hedge funds now take their cues from armies of Main Street traders — Wall Street professionals tell everyday investors what stocks to buy.| Riley de León / CNBC: |
Data analytics company Databricks raises $1.6B Series H led by Morgan Stanley's Counterpoint Global fund at a $38B valuation, up $10B from February — - Databricks has raised a $1.6 billion Series H funding round that boosts its valuation to $38 billion. — Its latest funding round … | Mark Scott / Politico: |
Facebook says it accidentally removed thousands of posts around the Jan. 6 riots from Crowdtangle, blaming a now fixed error that has existed since at least May — The social media company said it was a technical error, and has been fixed, but tens of thousands of posts are still missing.| Gina Narcisi / CRN: |
Verizon and Microsoft announce private edge compute solution that will leverage Verizon's 5G Edge and Azure Stack Edge to offer low-latency for business apps — The two companies debuted Verizon 5G Edge with Microsoft Azure Stack Edge, on-premises, private edge compute solution for enterprises … | Bloomberg: |
Sources: Intuit is in talks to buy Mailchimp for more than $10B; Mailchimp has also considered offering a minority stake and another buyer could still emerge — Intuit Inc., the software company that owns TurboTax, is in talks to buy email marketing startup Mailchimp for more than $10 billion …
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