| Jeff Horwitz / Wall Street Journal: |
Internal Facebook documents detail XCheck, a program that shields VIP users from normal content enforcement policies, which included over 5.8M users in 2020 — A program known as XCheck has given millions of celebrities, politicians and other high-profile users special treatment, a privilege many abuse| Chance Miller / 9to5Mac: |
Apple releases iOS 14.8, watchOS 7.6.2, iPadOS 14.8, and macOS 11.6, which fix some CoreGraphics and WebKit flaws that defeated iOS “Blastdoor” protections — Apple has published a full support document detailing what's new in iOS 14.8, watchOS 7.6.2, iPadOS 14.8, and macOS Big Sur 11.6.| Kim Lyons / The Verge: |
Litecoin spiked ~20% after several news outlets, including Reuters and CNBC, reported that Walmart would begin accepting it based on a fake press release — GlobeNewswire, the site where the hoax release was posted, said it came from a fraudulent user account.| Margaret Harding McGill / Axios: |
Sources: Biden will nominate Georgetown law professor Alvaro Bedoya, who focuses on privacy issues, to be a commissioner at the FTC — President Biden will nominate Georgetown University law professor Alvaro Bedoya to be a Democratic commissioner at the Federal Trade Commission, people familiar with the matter told Axios.| Financial Times: |
Sources: Beijing wants to break up Ant Group's Alipay, which has over 1B users, and create a separate app for the company's highly profitable loans business — Chinese fintech will turn over user data to new joint venture partly owned by state — Beijing wants to break up Alipay … | Josh Dzieza / The Verge: |
A look at the harsh reality of working for on-demand delivery apps in NYC, including fluctuating pay and relentless time pressure, and labor organizing efforts — Exploited by apps. Attacked by thieves. Unprotected by police. The city's 65,000 bikers have only themselves to count on.| Ian Carlos Campbell / The Verge: |
Zoom is adding live translation services and will bring video meetings and Zoom Whiteboard to Facebook's VR meeting space, Horizon Workrooms, in Q1 2022 — Zoom's whiteboard feature is also getting an upgrade — Zoom plans to expand its support for automatic live transcriptions … | Samantha Subin / CNBC: |
Intuit says it has agreed to acquire Mailchimp for $12B in cash and stock — - Intuit will buy email marketing company Mailchimp for $12 billion, the companies announced Monday. — Intuit said it will use the acquisition to accelerate growth among small business clients.| Pieter Haeck / Politico: |
Dutch judge rules Uber drivers are employees, not self-employed, so Uber will have to pay drivers by the rules of the taxi industry's collective labor agreement — Dutch Uber drivers should be classified as employees rather than self-employed, a Dutch judge ruled on Monday.| Tom Warren / The Verge: |
Mozilla says it has bypassed Microsoft's cumbersome method for switching browsers in Windows 11, letting users set Firefox as default with one click — It's easier to switch to Firefox as default now — Mozilla has quietly made it easier to switch to Firefox on Windows recently.| Shane Goldmacher / New York Times: |
FEC documents show that it has dismissed accusations by Republicans that Twitter violated election laws by blocking a NY Post article about Hunter Biden — The Federal Election Commission has dismissed Republican accusations that Twitter violated election laws in October by blocking people … | Carly Page / TechCrunch: |
BitSight, which assesses the likelihood that orgs will be breached, raises $250M from Moody's at a $2.4B valuation and acquires cyber risk startup VisibleRisk — BitSight, a startup that assesses the likelihood that an organization will be breached, has received a $250 million investment … | Eva Mathews / Reuters: |
Coinbase says it plans to raise around $1.5B through a debt offering, to invest in product development and M&A, after saying it will raise $1.25B in May — Coinbase Global Inc (COIN.O) is planning to raise about $1.5 billion through a debt offering to invest in product development … | David McLaughlin / Bloomberg: |
Antitrust lawyers say the judge's recent ruling in Apple v. Epic presents challenges for DOJ's investigation, as Apple was not found to violate the Sherman Act — - Judge rejected Epic's federal antitrust claims against Apple — Decision doesn't foreclose DOJ antitrust suit, lawyers said| Dan Rys / Billboard: |
RIAA: music streaming revenue grew 26% YoY in H1 to $5.9B, comprising 84% of all revenue; paid sub revenue grew 26% to $4.6B, ad-supported grew 54% to $741M — Recorded music revenues in the United States in the first half of 2021 returned to double-digit growth a year after the pandemic slowed … | Mark Gurman / Bloomberg: |
What to expect from Apple's September 14 event: narrower iPhone 13 notch, LTPO displays on Pro models, redesigned Watch Series 7, no M1X MacBook Pros, and more — This is the free version of Power On. If you like it, consider subscribing to Bloomberg.com — you'll receive … | Crystal Tse / Bloomberg: |
Filing: Toast, which offers cloud-based restaurant management tools, seeks $717M in US IPO at a valuation of as much as $16.5B, after pricing shares at $30-$33 — Toast Inc., which helps restaurants handle payments, is seeking as much as $717 million in a U.S. initial public offering.| Reuters: |
Filing: CRM software maker Freshworks is aiming for a nearly $9B valuation in its IPO and could raise $912M at the top end of its $28-$32 range — Freshworks Inc is aiming for a nearly $9 billion valuation in a U.S. initial public offering, according to a regulatory filing by the business … | Mary Ann Azevedo / TechCrunch: |
SpotOn, a payments company focused on SMBs, raises $300M Series E led by a16z at a $3.15B valuation and acquires live events payments startup Appetize for $400M — Last year at this time, SpotOn was on the brink of announcing a $60 million Series C funding round at a $625 million valuation.| Jordan Novet / CNBC: |
Oracle misses in Q1 with revenue of $9.73B, up 4% YoY, vs. $9.77B expected, cloud services and license support revenue of $7.37B, up 6% YoY, vs $7.41B expected — - Oracle's top business segment missed expectations, as did hardware. — The software maker announced a program … | Financial Times: |
Analysis: Irish DPC has failed to apply EU's privacy laws to US Big Tech companies, with 98% of 164 significant complaints about privacy abuses still unresolved — Irish regulator has not resolved 98% of 164 significant data protection complaints — Ireland is failing to apply … | Tim Higgins / Wall Street Journal: |
Apple's booming iPhone 12 sales have been driven in part by attractive offers from carriers to boost 5G, raising questions about how long such deals will last — Apple is expected to show off its latest iPhone Tuesday as AT&T, T-Mobile and Verizon fight to attract customers to their networks
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| Todd Spangler / Variety: |
| Tom Warren / The Verge: |
| Rachel Louise Ensign / Wall Street Journal: |