Techmeme
March 25, 2022, 3:15 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 …
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Javier Espinoza / Financial Times:
Apple and Google criticize the newly unveiled Digital Markets Act that will force companies designated as gatekeepers to open up their platforms to competitors  —  Apple and Google criticise newly unveiled Digital Markets Act that will force a radical overhaul of their global operations
Daniel Michaels / Wall Street Journal:
The EU and US reach a preliminary deal to store data about Europeans on US soil, 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. and the European Union reached …
Russell Brandom / The Verge:
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.
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.
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.
Amitoj Singh / CoinDesk:
Indian parliament approves a 30% capital gains tax on crypto transactions, in effect starting April 1  —  Amendments sought by the crypto industry were not accommodated, and the policies will go into effect on April 1.  —  Indians will begin paying a capital gains tax of 30% on crypto transactions …
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.
Juro Osawa / The Information:
Sources: Sequoia China, whose portfolio includes ByteDance and online fashion startup Shein, is in early talks to raise $8B+ across four new funds  —  The Chinese affiliate of Sequoia Capital, whose vast portfolio includes TikTok owner ByteDance and online fashion startup Shein …

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