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July 5, 2022, 12:00 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, AppleInsider, TechCrunch, The Platform Law Blog, Silicon Republic, Euractiv, 9to5Mac, The Economic Times, Pocket-lint, MacDailyNews, European Parliament, and ebu.ch
| 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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Financial Times, Bloomberg, Coinspeaker, DealStreetAsia, Cointelegraph, Tech in Asia, and TechCrunch
Tweets: @ruima, @ruima, @amir, @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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Benzinga, 9to5Mac, Newslit Daily, PYMNTS.com, and ExchangeWire.com
Tweets: @cristinacriddle, @stokel, @jerrycap, and @mattnavarra
| 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, The Economic Times, New York Times, Entrackr, TechCircle, Financial Times, BGR India, and Inc42 Media
Tweets: @munsifv, @nixxin, @internetfreedom, @iyervval, @sidin, @evianeleidig, @avanidias, @carnage4life, and @munsifv
| Lucas Shaw / Bloomberg: |
Netflix, Amazon, Warner Bros., and others are cutting costs and scrapping TV shows at record rates; 559 scripted shows were released in 2021, up by 200+ on 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, @mattrosoff, @trengriffin, @lucas_shaw, @carnage4life, and @trengriffin
| Taylor Nicole Rogers / Financial Times: |
Survey: 25% of Black American investors owned crypto at the start of 2022, compared to 15% of white investors, making them especially vulnerable to the downturn — Higher exposure to digital assets leaves owners vulnerable to downturn — The widespread losses caused by the cryptocurrency crash …
Tweets: @davidcrespo, @patbits, @ahcastor, @fisurgi, @parismarx, @jathansadowski, @financialtimes, @techwontsaveus, and @financialtimes
| 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
Tweets: @jeffnolan
| 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 … | 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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PingWest, Finbold, Decrypt, Cointelegraph, Benzinga, Bitcoinist.com, and Cryptonews
| 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.
More:
AlleyWatch and TechCrunch
| 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, Android Authority, ZDNet, Security Affairs, Crypto Adventure, Silicon Republic, Engadget, TechCircle, The Register, Infosecurity, Coinspeaker, 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
| Megha Paul / Tech.eu: |
Danish startup Onomondo, which offers an interoperable network for IoT devices in more than 180 countries, raised a $21M Series A led by Verdane — The Danish platform offers interoperable cross-border connectivity and performance management without operator constraints
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TechCrunch, VentureBeat, FinSMEs, Verdane, Silicon Canals, ArcticStartup, Tech News, and EU-Startups
| Seb Joseph / Digiday: |
Digital ad and linear TV ad spending by the top crypto advertisers in the US plummeted in the last few months amid a sharp decline in crypto markets — Don't expect to see many crypto ads for a minute. The companies behind them are trimming down costs wherever they can, including advertising.
Tweets: @samro, @ahcastor, @existentialenso, and @davidgerard
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