| Michiel Willems / City A.M.: |
In its annual SEC report, Meta repeats its warning that it may be forced to shut down “significant” services in Europe if the EU adopts new data transfer rules — If Meta is not given the option to transfer, store and process data from its European users on US-based servers … | Sam Reynolds / CoinDesk: |
The Ethereum Name Service DAO, which manages .eth domains, votes to remove Brantly Millegan as a steward over a 2016 tweet; Millegan has refused to apologize — A Tweet from Nick Johnson, founder and lead developer of ENS, confirmed Millegan has been removed from both the DAO and as director of operations of True Names Ltd.| Todd Bishop / GeekWire: |
Amazon raises its maximum base pay for corporate and tech employees from $160K to $350K, in line with other tech giants, citing a “competitive labor market” — Amazon will boost its maximum base pay to $350,000 for corporate and tech employees, from $160,000 previously … | Manish Singh / TechCrunch: |
Ethereum scaling project Polygon raises $450M, its first major financing round, led by Sequoia Capital India; Polygon has a ~$13B market cap — Ethereum scaling firm Polygon has raised $450 million in a new venture financing round as the firm, with a market cap of about $13 billion … | Alex Konrad / Forbes: |
A profile of freight logistics startup Flexport, which is raising a $935M+ Series E co-led by a16z and MSD Partners at an $8B valuation — Founder Ryan Petersen has positioned himself as shipping's savior, earning Flexport a new $8 billion valuation. But industry rivals … | J. Clara Chan / The Hollywood Reporter: |
Daniel Ek says “silencing” Rogan is not the answer in a staff email and commits $100M to licensing, developing, and marketing content from marginalized groups — Over the weekend, videos resurfaced by the musician India.Arie showed the podcaster repeatedly using the n-word and making derogatory comments about Black people.| Karl Freund / Forbes: |
Intel announces efforts to accelerate RISC-V development and adoption, including licensing plans, chip manufacturing partners, and a $1B IFS Innovation Fund — This announcement will have a long-lasting impact on the entire semiconductor industry: — Intel must fabricate chips … | Gunjan Banerji / Wall Street Journal: |
After FAANG recorded big, simultaneous gains in 2021, so far in 2022 all five have fallen, leading some investors to seek out other growth stocks — The NYSE FANG+ Index, which tracks popular stocks like Meta Platforms, Apple, Amazon and Netflix, has tumbled 10% this year| Charles Daly / Bloomberg: |
Stockholm-based price comparison service PriceRunner sues Google in Swedish court for allegedly manipulating search results to favor its own services — Alphabet Inc.'s Google is being sued by Nordic price comparison provider PriceRunner AB for about 22 billion kronor ($2.4 billion) at Stockholm's patent and market court.| Christopher Knaus / The Guardian: |
In a Cambridge Analytica data lawsuit, Australian court dismisses Meta's claim that it doesn't conduct business nor collect personal information in the country — Full bench of the federal court confirms earlier ruling that tech giant collects personal information in Australia| Sarah Perez / TechCrunch: |
Bumble makes its first acquisition, buying fast-growing French dating app Fruitz with the aim of gaining traction among a younger audience — Dating app company Bumble, Inc. is making its first acquisition with today's news that it's adding the fast-growing French dating app Fruitz to its family of applications.| Shoshana Wodinsky / Gizmodo: |
Adtech experts explain how GDPR has proven ineffective thanks to the ingenuity of adtech firms, which have managed to effectively skirt its consent requirement — The EU's landmark privacy law, GDPR, was supposed to change the world of tech privacy forever. What the hell happened? — Alerts
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