Techmeme
September 15, 2022, 12:20 PM

Top News

Bloomberg:
Adobe plans to acquire UI design and prototyping tool Figma for around $20B in cash and stock; Figma CEO Dylan Field will continue in the role; ADBE drops 12%+  —  Adobe Inc. agreed to buy software design startup Figma Inc. in a deal valued at about $20 billion to help it expand tools for creative professionals.
Mike Truppa / The Block:
Ethereum activates its long-awaited Merge upgrade, in development since 2020, and transactions are now being processed under proof of stake  —  - The Merge upgrade is transitioning Ethereum from proof of work to proof of stake.  — The Merge is one of the largest technological events in the industry to date.
Taylor Hatmaker / TechCrunch:
In a US Senate committee hearing, Meta, YouTube, TikTok, and Twitter executives defended their platforms and dodged security, privacy, and moderation questions  —  Executives from four of the biggest social media companies testified before the Senate Homeland Security Committee Wednesday …
Casey Newton / Platformer:
TikTok and ByteDance's links to China mean wrongdoing will be punished more harshly in the US than Meta and Twitter, no matter how “transparent” the company is  —  In new testimony to Congress, the company faces stern questions on China  —  Ever since TikTok became …
Amanda Silberling / TechCrunch:
TikTok rolls out Now, a BeReal-like feed, to its app in the US, with daily prompts to capture a 10-second video or a photo using both front and back cameras  —  TikTok launched a new feature today that is basically just a copy of BeReal, the buzzy French social app that's been steadily gaining popularity.
Victoria Song / The Verge:
Financial Times:
Sources: alongside the UK's CMA, the EU is expected to launch an in-depth investigation into Microsoft's $75B Activision bid due to size and competition fears  —  Regulators in Brussels expected to follow CMA with plans for prolonged competition investigation
Adi Robertson / The Verge:
Meta's Oversight Board says the company should be more careful with automated moderation and criticizes removing a cartoon depicting police violence in Colombia  —  Meta's Oversight Board says the company should be more careful with automated moderation tools, criticizing it for removing a cartoon depicting police violence in Colombia.
CNBC:
Research details Amazon's post-pandemic shrinking US warehouse footprint: 21 facilities have closed, 21 are canceled, and 27 are delayed or on hold  —  - Amazon is closing, canceling or delaying warehouses across the U.S. after its pandemic expansion left it with too much space.
Natasha Lomas / TechCrunch:
EU lawmakers propose the Cyber Resilience Act, a new set of rules for IoT and smart device makers to bolster cybersecurity or face fines  —  European Union lawmakers have proposed a new set of product rules to apply to smart devices that's intended to compel makers of Internet-connected hardware …
Mariella Moon / Engadget:
Snap makes Snapchat for Web available to all users globally, including support for video calls, releases iOS 16 lock screen widgets, and more  —  Snapchat's messaging and video chat features first made their way to browsers back in July, but only in select markets and for Snapchat+ subscribers.
Stephanie Murray / The Block:
Coinbase updates its app to let US users see a scorecard that evaluates members of Congress on crypto policy issues, register to vote, and find political events  —  - Coinbase is getting political: The exchange added new app features to help users evaluate lawmakers, register to vote and find political events.
Hannah Lang / Reuters:
The US Consumer Financial Protection Bureau plans to start regulating BNPL companies, such as Klarna and Affirm, and will release guidance in the future  —  The U.S. Consumer Financial Protection Bureau (CFPB) plans to start regulating “buy-now, pay-later” (BNPL) companies like Klarna and Affirm Holdings …
More: Finextra and Bloomberg

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