Techmeme
July 26, 2022, 5:10 AM

Top News

Travis Clark / Insider:
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:
Instagram's new TikTok-inspired UI, which has rolled out to some users, lifts some dark patterns from TikTok, like no longer letting users quickly mute videos  —  I, of all people, got a fresh new user interface in Instagram the other day.  Although the company has not rolled it out to all users yet …
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 …
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.
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 …
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.
Joseph Cox / VICE:
Internal docs from 2017 show Roblox's plan for expanding into China: censorship compliance, expecting to be hacked and copied by partners like Tencent, and more  —  Filtering games.  Blocking maps with Taiwan.  Handling “historical facts.”  Roblox was prepared to go all in on Chinese censorship …
Reuters:
Alibaba plans to apply for a primary Hong Kong listing while keeping its NYSE listing, taking advantage of a rule change to attract Chinese tech firms  —  Alibaba (9988.HK) plans to add a primary listing in Hong Kong to its New York presence, targeting investors in mainland China as it becomes …
Wataru Suzuki / Nikkei Asia:
KPMG: VC investments in China fell to $9.1B in Q2 2022, down from $18.1B in Q1 2022, the lowest quarterly investment since Q4 2014, when $5.5B was invested  —  Decline in VC investments narrows gap between India and Southeast Asia  —  Observers in China are wondering whether a $1.2 billion fine …
More: KPMG and KPMG
Financial Times:
Sources: Alibaba's US B2B arm, which has been hit by staff departures in its NY office, has slashed its target of signing up 1M SMBs to just 2,000 each year  —  Chinese ecommerce giant fails to hit target of signing up 1mn local US businesses while dozens of staff leave New York office

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More News

Alex Weprin / The Hollywood Reporter:
Taylor Lorenz / Washington Post:
Joel Rosenblatt / Bloomberg:
Aisha Malik / TechCrunch:

Earlier Picks

Oliver Knight / CoinDesk:
Bloomberg:
Yogita Khatri / The Block:
Bloomberg:
Dylan Martin / The Register:
Yueqi Yang / Bloomberg: