Techmeme
February 7, 2022, 12:45 PM

Top News

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 new EU data transfer rules are adopted  —  If Meta is not given the option to transfer, store and process data from its European users on US-based servers …
Sam Reynolds / CoinDesk:
Ethereum Name Service DAO, which manages .eth domains, votes to remove Brantly Millegan as a steward over tweets from 2016; 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.
Manish Singh / TechCrunch:
Blockchain network Polygon, which serves as a support layer for Ethereum, raises $450M 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 …
Todd Bishop / GeekWire:
Amazon raises the maximum base pay for corporate and tech employees to $350,000, up from $160,000, in line with other tech giants, citing a tight labor market  —  Amazon will boost its maximum base pay to $350,000 for corporate and tech employees, from $160,000 previously …
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.
Alex Konrad / Forbes:
Profile of freight logistics startup Flexport, which raised $900M+ co-led by a16z and MSD Partners at an $8B valuation in January  —  Founder Ryan Petersen has positioned himself as shipping's savior, earning Flexport a new $8 billion valuation.  But industry rivals say the 41-year-old near-billionaire and his startup are all show.
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
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.
Natasha Lomas / TechCrunch:
Unpacking Meta's “regulatory headwinds” warning, as the adtech industry faces a privacy reckoning and Belgium upends IAB Europe's GDPR compliance framework  —  What does Meta/Facebook's favorite new phrase to bandy around in awkward earnings calls — as it warns of “regulatory headwinds” …

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Earlier Picks

Casey Newton / Platformer:
Emma Roth / The Verge: