Techmeme
September 25, 2021, 11:20 AM

Top News

Benjamin Mayo / 9to5Mac:
Apple says it is working to fix an issue that is preventing iPhone 13 Pro from running animations in third-party apps at 120Hz and limiting them to 60Hz  —  One of the biggest new features exclusive to the iPhone 13 Pro and iPhone 13 Pro Max this year is the inclusion of high-refresh rate displays, or what Apple calls “ProMotion.”
Wall Street Journal:
US DOJ allows Huawei CFO Meng Wanzhou to return to China in a deferred prosecution agreement as part of which Wanzhou admitted to some wrongdoing  —  Deferred prosecution agreement offers company's finance chief an exit from Canada, where she has been fighting extradition to U.S.
Ryan Browne / CNBC:
China's central bank says all cryptocurrency-related activities are prohibited and overseas crypto exchanges providing services in mainland China are illegal  —  - The People's Bank of China said services offering trading, order matching, token issuance and derivatives for virtual currencies are strictly prohibited.
Lucinda Shen / Fortune:
Jeremy Liew, Bijan Sabet, and Roger Ehrenberg stepping back from active roles at their firms reflects a broader generational shift in the VC industry  —  Over the course of the past week, three venture capitalists have announced plans to step back from their investing roles at their respective firms.
Washington Post:
How Facebook is using its metaverse push to rehabilitate its reputation with policymakers and reposition itself to shape regulation of future technologies  —  With a buzzy push for next-wave virtual reality hardware, the tech giant is trying to outrun its mounting woes.
Todd Bishop / GeekWire:
A look at serialized story services like Amazon's Kindle Vella, as combined IAP revenue of top 7 services grew an estimated 50% YoY to $12M/mo. in May and July  —  - Amazon's Kindle Vella spotlights the growing market for episodic stories, designed for mobile devices, unfolding as larger narratives over time.
Brian Contreras / Los Angeles Times:
How TikTok's auto-generation tools helped popularize subtitles in the app, as creators compete for the estimated 75% of users who leave their phones on mute  —  TikTok creator Alyssa McKay has perfected a persona people love to hate: a Regina George-esque rich girl whose bouncy raps are packed …
Bloomberg:
Financial software maker Clearwater Analytics closed up 41% in its NYSE debut, giving it a market cap of $5.9B, after raising $540M in an IPO  —  - Software firm's backers include Welsh Carson, Permira, Warburg  — CEO says IPO was to raise Idaho firm's profile more than cash

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Jenny Leonard / Bloomberg:
Catalin Cimpanu / The Record:
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