Techmeme
January 24, 2022, 11:30 AM

Top News

Arjun Kharpal / CNBC:
The cryptocurrency market has lost ~$130B over the last 24 hours; bitcoin and ether reached their lowest level since July and are down 50%+ from all-time highs  —  - The cryptocurrency market saw around $130 billion wiped off its value over the last day as major digital coins continued their multi-day sell-off.
Sami Fathi / MacRumors:
Netherlands fines Apple €5M, saying Apple's changes to IAP payments “failed to satisfy the requirements”; the fine rises €5M/week to €50M until Apple complies  —  The Dutch Authority for Consumers and Markets (ACM) has ruled that Apple's plan to allow App Store dating apps …
Cat Zakrzewski / Washington Post:
District of Columbia, Texas, Washington, and Indiana AGs sue Google, alleging it deceived users to gain access to their location data from at least 2014  —  The complaints allege the company has deployed ‘dark patterns,’ design tricks that can subtly influence users' decisions in ways that are advantageous for a business
Mark Gurman / Bloomberg:
Sources: Apple is readying the widest array of new hardware products in its history this fall; LinkedIn shows Apple car exec Joe Bass has left for Meta  —  Apple Inc. is nearing its first launch event of the year, with a new iPhone SE and iPad on tap.  Also: The company takes another hit …
Elliptic Blog:
Research: an OpenSea bug is being exploited to purchase NFTs at below-market rates before flipping them, netting $1M+ across at least eight NFTs in 12 hours  —  A bug is being exploited to purchase NFTs from users of OpenSea, at well below market value.  Since this morning …
Sylvia Pfeifer / Financial Times:
Autonomous air taxi startup Wisk Aero, a joint venture between Boeing and Kitty Hawk, raises $450M from Boeing  —  US manufacturer's Wisk investment is latest sign of investor appetite in emerging sector  —  Boeing has committed another $450m in an existing joint venture focused …
More: Reuters
Kirsty Needham / Reuters:
Australian PM Scott Morrison lost control of his official WeChat account months ago, while the still-active account now promotes Chinese life in Australia  —  Australia's Prime Minister Scott Morrison's Liberal Party lost access to his official WeChat social media account months ago …
Javier Espinoza / Financial Times:
Hundreds of German publishers, including Axel Springer, say Google is breaking EU law with its move to phase out third-party cookies from Chrome by next year  —  Axel Springer among the media groups demanding that Brussels intervene on search giant's plan  —  Google is facing a fresh complaint …
Manish Singh / TechCrunch:
Indian food delivery service Swiggy raises a $700M Series K led by Invesco, source says at a $10.7B valuation; Swiggy was valued at $5.5B in July 2021  —  Swiggy, India's top food delivery startup, has raised $700 million in a new financing round, just six months after securing $1.25 billion …
M.G. Siegler / 500ish:
There will be no bursting bubble, just a deflating balloon of high growth tech stock valuations returning to normal as factors that inflated them go away  —  Spoiler: the “Bubble” was a Balloon.  And it's deflating.  —  Note: The below all seems fairly obvious, but given the amount …
Ingrid Lunden / TechCrunch:
Spectrum Labs, which helps online services detect and remove toxic content in ~40 languages in real time, raises $32M led by Intel Capital  —  Two years into the pandemic, online conversations are for many of us still the primary interactions that we are having every day, and we are collectively having billions of them.
More: FinSMEs
Michael Pooler / Financial Times:
Report: VC investment into Latin America reached $15.3B in 2021 across 650+ deals, up from a record $4.9B in 2019; fintech was 39% of all investments  —  Fintech continues to be biggest draw as 16 new ‘unicorns’ minted in the region  —  Venture capital investment into Latin America has tripled …
More: Bloomberg

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