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June 12, 2021, 6:55 PM
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| Steve Kovach / CNBC: |
Apple says it didn't know DOJ was asking for House Democrats' data when it complied with subpoena; Microsoft also received and complied with a similar subpoena — - Apple on Friday said it didn't know former President Donald Trump's Department of Justice was subpoenaed data on Democrats when it complied with the request.
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Tweets: @zackwhittaker, @jacknicas, @matthew_d_green, @iamconfused9, @repadamschiff, and @matthew_d_green
| Sean Hollister / The Verge: |
Epic trial email suggests Apple manually boosted ranking of its Files app in App Store search results for Dropbox in 2017; Apple says it was a simple mistake — “We are removing the manual boost and the search results should be more relevant now” — In 2019, facing down extensive investigations … | Makena Kelly / The Verge: |
House lawmakers introduce five bipartisan bills to limit anticompetitive practices of tech giants like Amazon, Apple, Google, and Facebook — The proposals could reshape the tech industry as we know it — On Friday, House Democrats introduced five new bills meant to chip away at the power …
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| Lingling Wei / Wall Street Journal: |
China pushes to subject data-related activities to government oversight, as it worries tech giants could use collected data to build alternative power centers — Beijing is calling on tech giants to share their information—and asserting its authority over data held by U.S. companies in China as well
Tweets: @kenroth, @bobdavis187, @rickcarew, @ryanfedasiuk, @jchengwsj, @jedmark888, @jchengwsj, @baldingsworld, @jchengwsj, and @shanetews
| Caroline Lester / New Yorker: |
A look at the rise of BitClout, a burgeoning crypto service monetizing social influence, valued at more than $1B in April, but operating in a legal gray zone — BitClout collapses everything—art, humor, personhood—into money, laying bare just who, and what, we are willing to pay for.
Tweets: @newyorker, @newyorker, and @sinanaral
| Financial Times: |
Disclosures from Tether show it has $30B in commercial paper, a short-dated investment similar to cash, making it one of the largest investors in the US market — JPMorgan estimates stablecoin operator would be one of the largest investors in the US market| Frederic Lardinois / TechCrunch: |
Honeywell merges its quantum computing business with Cambridge Quantum to form a new joint venture; Honeywell will hold a majority stake and invest $270M-$300M — Honeywell, which only recently announced its entry into the quantum computing race, and Cambridge Quantum Computing (CQ) … | Jon Brodkin / Ars Technica: |
AT&T CEO says Biden's municipal broadband plan is “a bit misguided” and is confident that Congress will steer legislation in the more “pragmatic” direction — CEO thinks US will keep giving billions to private ISPs instead of public networks.| Robert Stevens / Decrypt: |
Thai SEC orders exchanges to delist NFTs and meme coins, defined as those with “no objective or underlying value” whose price relies on social media trends — Pisscoin, CumRocket, Dogecoin—none were funny enough to stop Thailand's Securities and Exchange Commission from banning meme coins.| Nilesh Christopher / Rest of World: |
Profile of Praveen Khandelwal, leader of a network of ~80M SMBs in India with deep ties to Modi, who evokes British colonial looting in his fight against Amazon — Praveen Khandelwal has built a name fighting against e-commerce. Now, he's launching his own online marketplace. — • BANGALORE, INDIA
Tweets: @johnwilson
| FinSMEs: |
Aura, which offers device and identity theft protection including financial fraud monitoring for consumers, raises $150M Series E led by Warburg Pincus — Aura, a Burlington MA-based company which specializes in digital security for consumers, raised $150M in Series E funding.| Chen Du / PingWest: |
ByteDance launches Volcano Engine to offer enterprise clients its technologies, such as its recommendation algorithm that drove the success of TikTok and Douyin — Taken and compiled from ByteDance's various successful products, the data-driven business insight service marks … Sponsor Posts
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