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July 5, 2022, 1:05 PM
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| Foo Yun Chee / Reuters: |
EU lawmakers pass the Digital Services Act and the Digital Markets Act, seeking to regulate US tech giants, but limited resources could hamstring enforcement — EU lawmakers gave the thumbs up on Tuesday to landmark rules to rein in the power of tech giants such as Alphabet (GOOGL.O) …
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MacRumors, LinkedIn, TechCrunch, Spread Privacy, AppleInsider, The Platform Law Blog, Euractiv, Silicon Republic, The Economic Times, 9to5Mac, iPhone in Canada Blog, Telecoms.com, iMore, Pocket-lint, European Parliament, ebu.ch, and MacDailyNews
| Munsif Vengattil / Reuters: |
Source: Twitter is seeking to overturn some Indian government content takedown orders through a judicial review, alleging abuse of power by officials — Twitter is seeking to overturn some Indian government orders to take down content, a source familiar with the matter said …
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TechCrunch, New York Times, Protocol, The Economic Times, TechCircle, Entrackr, Financial Times, BGR India, and Inc42 Media
Tweets: @munsifv, @alfonslopeztena, @nixxin, @iyervval, @sidin, @evianeleidig, @internetfreedom, @avanidias, @carnage4life, and @munsifv
| Juro Osawa / The Information: |
Sources: Sequoia Capital China is about to raise $9B for four new funds, above its $8B+ target, the largest amount raised by a single China tech-focused VC firm — Sequoia Capital's Chinese affiliate is about to close $9 billion in fresh capital for four new funds, higher than its original target …
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TechCrunch, Financial Times, Bloomberg, Cointelegraph, DealStreetAsia, Coinspeaker, and Tech in Asia
Tweets: @amir, @ruima, @ruima, @juroosawa, and @sam_l_shead
| Cristina Criddle / Financial Times: |
Sources: TikTok abandons plans to expand its TikTok Shop live e-commerce program to Europe and the US, after internal problems and a lack of traction in the UK — Chinese-owned social media platform's foray into livestream shopping in the UK has struggled to gain traction
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TechCrunch, Benzinga, Newslit Daily, ExchangeWire.com, PYMNTS.com, and 9to5Mac
Tweets: @kyurieff, @shaneoleary1, @martinsfp, @cristinacriddle, @stokel, @jerrycap, and @mattnavarra
| Lucas Shaw / Bloomberg: |
Netflix, Amazon, Warner Bros., and others cut costs, staff, movies, and TV shows; the industry released 559 scripted shows in 2021, up by 200+ compared to 2013 — The sudden decline in Netflix's share price and the growing fear of a recession have forced Hollywood into a new period of fiscal austerity.
Tweets: @ampressman, @trengriffin, @lucas_shaw, @carnage4life, @trengriffin, and @mattrosoff
| Taylor Nicole Rogers / Financial Times: |
Survey: 25% of Black American investors owned crypto at the start of 2022, compared to 15% of white investors, leaving them vulnerable during the downturn — Higher exposure to digital assets leaves owners vulnerable to downturn — The widespread losses caused by the cryptocurrency crash are even broader among black investors.
Tweets: @davidcrespo, @patbits, @fisurgi, @ahcastor, @parismarx, @jathansadowski, @financialtimes, @techwontsaveus, and @financialtimes
| Financial Times: |
China is rapidly censoring news of the alleged Shanghai police database breach exposing 1B+ people's data; WeChat and Weibo appear to be blocking the topic — Purported leak of personal information of more than 1bn people offered for sale for $200,000 — China is rapidly censoring news … | Sarah Zheng / Bloomberg: |
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Wall Street Journal, Reuters, BleepingComputer, Silicon Republic, Android Authority, ZDNet, Security Affairs, Crypto Adventure, TechCircle, The Register, Infosecurity, Coinspeaker, Engadget, Quartz, Pixel Envy, Asia Links, TechRadar, crypto.news, HackRead, Ethereum World News, CryptoSlate, The Block, PCMag, Cybernews.com, Barron's Online, CoinGape, Another Day in Crypto, and Security in WEB3 Newsletter
Tweets: @cz_binance, @zeyiyang, @_karenhao, @cz_binance, @johnkoetsier, @troyhunt, @carnage4life, @troyhunt, @ctolarsson, @davidpaulk, @ruima, @williamyang120, @jsimanavicius, @_danielsinclair, @cz_binance, @isaacstonefish, @pcaversaccio, @anitaposch, @kendraschaefer, @_karenhao, @_karenhao, @_karenhao, @pingroma, @sam_l_shead, @zeyiyang, and @wublockchain
| Aaron Tilley / Wall Street Journal: |
Synergy Research: Amazon, Microsoft, and Google accounted for 65% of the $53B in global cloud spending in Q1 2022, up from 52% in 2018 — Three companies account for about two-thirds of cloud spending and are using their size to maintain their hold on rapidly growing market| Coco Feng / South China Morning Post: |
Tencent, Baidu, JD.com, and other Chinese tech giants agree to a “self-discipline initiative” for NFTs, including ID checks and avoiding secondary marketplaces — In a new ‘self-discipline initiative’, China's biggest tech firms agreed to enforce real-name authentication …
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Finbold, PingWest, Cointelegraph, Decrypt, Benzinga, Bitcoinist.com, and Cryptonews
| Sergiu Gatlan / BleepingComputer: |
Google updates Chrome for Windows to address a high-severity zero-day vulnerability exploited by attackers in the wild, its fourth Chrome zero-day patch in 2022 — Google has released Chrome 103..5060.114 for Windows users to address a high-severity zero-day vulnerability exploited by attackers … | Bloomberg: |
How Ukraine's Kyivstar mobile network remains operational during Russia's invasion, overcoming slain employees, seized infrastructure, and endless cyberattacks — Employees killed and displaced, infrastructure seized by force and relentless cyberattacks are only a few of the challenges … | The Economic Times: |
Research: Indian startups received $6.9B in VC funding in Q2 2022, down from $11B in Q1; VC investments in H1 were $17.9B, up 36% YoY — Bengaluru: Venture capital funding into Indian startups dipped 37% in the second quarter of this year to $6.9 billion, data sourced from research firm Venture Intelligence showed.
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AlleyWatch and TechCrunch
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