Techmeme
November 23, 2021, 12:00 PM

Top News

Reuters:
Italy's antitrust regulator fines Amazon and Apple a total of $225M+ for alleged anti-competitive cooperation to sell Apple and Beats products  —  Italy's antitrust authority has fined U.S. tech giants Amazon.com (AMZN.O) and Apple Inc (AAPL.O) a total of more than 200 million euros …
Jiyoung Sohn / Wall Street Journal:
Sources: Samsung plans to build a ~$17B chip factory in Taylor, Texas, in 2024, with an announcement expected today; Samsung says location is not finalized  —  The announcement is expected at Tuesday event to be attended by Texas Gov. Greg Abbott, sources say
Juli Clover / MacRumors:
Location tracking service Life360 acquires Tile, which makes Bluetooth-based tracking accessories that compete with Apple's AirTag, for $205M  —  Tile, known for its range of Bluetooth-based tracking accessories that compete with the AirTag, is being acquired by location tracking service Life360, Tile announced today.
VICE:
ConstitutionDAO faces existential questions as a “core team” makes key decisions; high transaction fees mean ~50% of “investors” may lose the money they put in  —  ConstitutionDAO tried to buy the Constitution.  Now it has a $40 million mess on its hands and entire refunds are being wiped out by high fees.
David Thiel / @elegant_wallaby:
[Thread] A former Facebook employee says Meta announced an “absurdly accelerated timeline” for e2ee messaging to preempt antitrust action and generate good PR  —  Please stop with this. Child safety is not FUD, nor disingenuous. Here is what happened with Facebook's haphazard E2EE plan, from someone who was there and familiar with the underlying systems. 1/
Jillian Deutsch / Bloomberg:
EU lawmakers approve measures in the draft Digital Markets Act, including mandating messaging or social app interoperability and banning ad targeting to minors  —  - Competing messaging apps may have to be interoperable  — Companies would have to stop targeting some ads to minors
Niantic:
Niantic, the AR platform company behind Pokémon Go, raises $300M from Coatue at a $9B valuation  —  Niantic Inc., developer of the world's first and only planet-scale AR platform, announced today that Coatue has made a $300 million investment in the company at a valuation of $9 billion.
Nikkei Asia:
Source: Japan is allocating $5.2B in fiscal 2021 to support semiconductor manufacturers, including $3.5B for TSMC  —  Micron and Kioxia set to get subsidies for domestic memory chip factories  —  The Japanese government has made plans to ensure a stable domestic supply of microchips.
More: Reuters
Rich Woods / XDA Developers:
Sources: Qualcomm has an exclusivity deal with Microsoft for Windows on ARM that is set to expire soon, opening up chip vendor competition  —  Last week, we reported that MediaTek is planning to build a chipset for Windows on ARM.  As it turns out, the Windows on ARM chipset space …
Christine Hall / TechCrunch:
Budapest-based Bitrise, which helps companies develop mobile apps, raises a $60M Series C led by Insight Partners  —  As more of the world shifts to doing everything from their smartphones, the ability to build better iOS and Android apps has to move with it.
More: Tech.eu and VentureBeat
Nick Harris / The Mail on Sunday:
Analysis: 17 of 20 English Premier League clubs have signed commercial deals with cryptocurrency companies, drawing criticism for potentially exploiting fans  —  - A number of top-flight clubs have been criticised for monetising fan interaction  — Fears deals could replace top-flight clubs' relationship with gambling companies
Mary Ann Azevedo / TechCrunch:
São Paulo-based buy now, pay later startup TruePay raises a $32M Series A led by Addition, three months after raising an $8.5M seed  —  Global investors continue to be drawn to LatAm.  —  TruePay, a one-year-old São Paulo-based “buy now, pay later” startup …
More: Finextra
Kim Lyons / The Verge:
Twitter debuts aliases for contributors to its Birdwatch moderation program, so their handles aren't included in notes they leave on users' tweets  —  The program is intended as a method of debunking misinformation on the platform  —  Twitter is introducing aliases for participants …
Jonathan Haidt / The Atlantic:
Regulators and legislators should mitigate Instagram's harmful effects on teen girls by toughening COPPA and forcing Facebook and others to share data  —  Social media gets blamed for many of America's ills, including the polarization of our politics and the erosion of truth itself.

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