| Bloomberg: |
Sources: before its probe into an alleged insider trading scheme, the SEC started investigating whether Coinbase improperly let Americans trade digital assets — Coinbase Global Inc. is facing a US probe into whether it improperly let Americans trade digital assets that should have been registered … | Travis Clark / Insider: |
Kylie Jenner and Kim Kardashian post Stories sharing a petition to “Make Instagram Instagram Again” and “stop trying to be TikTok” that has 100K+ signatures — - Kylie Jenner and Kim Kardashian called on Instagram to “stop trying to be TikTok” on Monday.| Scott Rosenberg / Axios: |
Facebook's TikTok-like redesign marks the end of a social networking era centered around friends and a move toward algorithmically sorted content from strangers — Mark last week as the end of the social networking era, which began with the rise of Friendster in 2003, shaped two decades of internet growth … | Devin Coldewey / TechCrunch: |
| Jeffrey Dastin / Reuters: |
Amazon plans to raise its annual Prime subscription prices across Europe by up to 43% on September 15, citing “increased inflation and operating costs” — Amazon.com Inc (AMZN.O) will raise fees for its delivery and streaming service Prime in Europe by up to 43% a year … | Sarah Butler / The Guardian: |
| Kelcee Griffis / Bloomberg Law: |
Apple settles a patent case with Koss, which in July 2020 alleged that Apple's AirPods violate five of Koss' patents; the terms of the deal were not disclosed — Apple Inc. dodged a patent-infringement trial over its AirPods after reaching an agreement with headphone maker Koss Corp. to settle the case.| Bloomberg: |
UK CMA's publishes its report into music streaming services, saying the market is dominated by major players but this is not “currently causing consumers harm” — The music streaming market dominated by a handful of major players is giving consumers a fair shake … | Vipal Monga / Wall Street Journal: |
Memo: Shopify plans to cut around 1,000 workers, or 10% of its global workforce, citing consumers pulling back from online shopping — CEO Tobi Lütke says company made wrong bet on pandemic-fueled boom in e-commerce growth lasting — Shopify Inc. SHOP -1.71%▼ … | Danny Nelson / CoinDesk: |
Binance CEO Changpeng Zhao sues Bloomberg Businessweek's Hong Kong publisher for defamation, claiming a June 23 profile depicted him as running a “Ponzi scheme” — It's not the first time Zhao and Binance have sued the media. — Binance CEO Changpeng Zhao … | Liron Shapira / @liron: |
| Kadhim Shubber / Financial Times: |
Lawyers in the Celsius bankruptcy are examining Tether recovering an $840M USDT loan, highlighting an uncertain area of bankruptcy law for crypto companies — Case is a major test of how US insolvency rules will apply in digital asset sector — Stablecoin issuer Tether faces scrutiny … | Stephen Shankland / CNET: |
Meta, Google, Microsoft, and Amazon join the NIST's push to scrap the leap second, which keeps clocks in sync with the Earth's rotation but can cause glitches — Syncing clocks with the Earth's rotation causes more problems than it's worth, according to Google, Meta, Microsoft and Amazon.| The Verge: |
As Mark Zuckerberg takes a tough stance on retaining employees during a weekly Q&A, internal surveys show anxiety and unease among employees — As Meta's growth slows, Mark Zuckerberg is pushing even harder. Will his employees melt under the pressure?| Nikhil Krishnan / Out-of-Pocket: |
Amazon's purchase of One Medical is likely cheaper than unionization would be, and could be used as a tool to fight against unionization of employees — I guess I should say something? … This episode of Out-Of-Pocket is brought to you by... Nabla creates SDKs and APIs … | Andrew Ackerman / Wall Street Journal: |
Sources: US House lawmakers delayed a tentative July 27 vote on a bipartisan bill to curb potential risks posed by stablecoins until at least September 2022 — Lawmakers continue to negotiate deal, but unable to complete work ahead of August break — What Happens If a Crypto Platform Goes Bankrupt?
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| Alex Weprin / The Hollywood Reporter: |
| Taylor Lorenz / Washington Post: |
| Joseph Cox / VICE: |
| Aisha Malik / TechCrunch: |
| Yueqi Yang / Bloomberg: |