Techmeme
March 25, 2022, 12:05 PM

Top News

Samuel Stolton / Politico:
EU lawmakers provisionally agree on the DMA, which mandates messaging service interoperability, limits bundling services, prohibits self-preferencing, and more  —  The European Union today adopted landmark rules clamping down on anti-competitive abuses by the world's largest technology platforms …
More: European Parliament, TechCrunch, The Verge, New York Times, The Verge, Politico, Reuters, BBC, European Council, European Commission, CNN, ZDNet, Computerworld, Financial Times, Thurrott, 9to5Mac, Euractiv, Big Technology, Tech Monitor, Silicon Republic, Associated Press, AppleInsider, The Register, PYMNTS.com, Android Police, Android Central, Wall Street Journal, TechRadar, XDA Developers, cybernews.com, iPhone Hacks, iThinkDifferent, Apple Must, CNBC, The Diff, Gerick News, Light Reading, Gamereactor UK, Benzinga, CoinDesk, Macworld, European Parliament, Reuters, Variety, TechCircle, iMore, Transistori, Phandroid, KD's Newsletter, Protocol, Axios, SiliconANGLE, Engadget, France 24, Social Media Today, The Hill, Reuters, and AppleInsider
Daniel Michaels / Wall Street Journal:
The EU and US reach a preliminary pact to store data about Europeans on US soil, but reveal few details, after the EU declared the previous pact illegal in 2020  —  Agreement could assuage concerns of companies with operations on both sides of the Atlantic  —  BRUSSELS—The U.S …
Bloomberg:
Instacart says it has voluntarily cut its valuation to ~$24B to boost recruiting and retention; Instacart was valued at $39B during its latest raise last March  —  Instacart Inc. is slashing its valuation by almost 40% to about $24 billion, a move it says will help the company attract talent and adapt to market conditions.
Kellen Browning / New York Times:
Netflix acquires Boss Fight Entertainment, a mobile game developer with 130 employees, its third studio purchase since sharing its gaming ambitions last summer  —  The acquisition is the company's third since it announced plans to move into video games last summer.
Adi Robertson / The Verge:
The DOJ arrests and charges two men with wire fraud and money laundering over an alleged $1.1M NFT rug pull scheme for their collection of 8,888 “Frosties”  —  They'd already announced a follow-up series  —  US government prosecutors have charged two men with fraud and money laundering …
New York Times:
The DOJ charges four Russian officials for alleged hacking campaigns from 2012 to 2018 on critical US infrastructure, including a Kansas nuclear power plant  —  The announcement covered hackings from 2012 to 2018, but served as yet another warning from the Biden administration of Russia's ability to conduct such operations.
David Gilbert / VICE:
A look at Lantern, a company backed by the US' Open Technology Fund that has spent the last two years building a peer-to-peer network to bypass Russian censors  —  Backed with funding from the U.S. government's Open Technology Fund, Lantern has spent two years building a peer-to-peer network inside Russia.
Mike Peterson / AppleInsider:
Filing: Apple argues that Epic lost the Epic Games v. Apple trial because it failed to prove wrongdoing and not because of any legal errors on the judge's part  —  In a new brief, Apple declares that Epic Games lost the Epic v. Apple trial because it failed to prove wrongdoing — and not because of any legal errors on the judge's part.
John Reynolds / AltFi:
London-based Causal, which makes spreadsheet software that can connect with live data sources, raises a $20M Series A co-led by Coatue and Accel  —  The Series A funding round in Causal was led by Coatue, the investment management firm and Accel, the venture capital outfit …
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