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July 7, 2021, 12:00 PM
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| Bloomberg: |
China's crackdown on its tech giants wiped a combined $823B off their market value since a Feb. peak, with Tencent, Alibaba, and Kuaishou as the biggest losers — - Selling in technology sector seen continuing this quarter — Hang Seng Tech Index has lost 31% from February high
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Bloomberg, Protocol, Financial Times, The Information, Tech in Asia, SiliconANGLE, and Reuters
Tweets: @jacobhelberg, @jacobhelberg, and @vshih2
| Bloomberg: |
Sources: China plans rule changes requiring Chinese companies to seek approval to list overseas, even if the unit selling shares is incorporated outside China — - Securities regulator working to change overseas listing rules — Change would require VIE firms to get nod to list offshore
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New York Times, Wall Street Journal, Tech in Asia, Reuters, TechNode, and ZDNet
Tweets: @gopalsri, @luluyilun, @bluff_capital, @rmkoutfront, and @liyuan6
| Tom McKay / Gizmodo: |
In an attempt to keep ahead of China's regulations, Tencent says it'll use a facial recognition system to prevent minors from playing games late into the night — Shenzhen, China-based gaming giant Tencent has announced it will use a face recognition system to prevent minors in its home country …
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Sixth Tone, PCMag, BBC, Insider, caixinglobal.com, and Digital Trends
Tweets: @tiffanycli, @sixthtone, and @astepanovich
| Jason Schreier / Bloomberg: |
Ubisoft confirms it's developing Assassin's Creed Infinity, an online service with evolving gameplay that expands over time, seeking to emulate Fortnite and GTA — Assassin's Creed, a video game franchise set in huge worlds where each one can take hundreds of hours to complete, is getting even bigger.
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Ubisoft, Windows Central, The Verge, Engadget, Forbes, PC Gamer, TechRadar, Destructoid, Trusted Reviews, MSPoweruser, Kotaku Australia, Digital Trends, GamingBolt, SlashGear, Rock, Paper, Shotgun, Gamasutra, purexbox.com, Pocket-lint, GameSpot, TrueAchievements, Game Rant, Twinfinite, Video Games Chronicle, Press Start, Wccftech, VG247, Polygon, and IGN
Tweets: @jasonschreier, @jasonschreier, @jasonschreier, @laurakbuzz, @jasonschreier, @ubisoft, @jasonschreier, and @zhugeex
| Kevin Breuninger / CNBC: |
Donald Trump says he is suing Facebook, Twitter, and Google, as well as their CEOs, alleging the companies have violated his First Amendment rights — - Former President Donald Trump announced he is suing Facebook, Twitter and Google, as well as their respective CEOs Mark Zuckerberg, Jack Dorsey and Sundar Pichai.
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Bloomberg, CNET, Protocol, Washington Post, Engadget, CNN, The Hill, PCMag, Insider, Axios, BBC, Financial Times, The Wrap, iPhone in Canada Blog, Input, Variety, Android Central, and KnowTechie
Tweets: @devlinbarrett, @adamsteinbaugh, @bencjacobs, @pwnallthethings, @mattblaze, @rayredacted, @evelyndouek, @campuscodi, @adamsteinbaugh, @adamsteinbaugh, @adamsteinbaugh, @willoremus, @caseynewton, @willoremus, @pwnallthethings, @sarafischer, @bradmossesq, @sarafischer, @mmasnick, @dylanbyers, @oliverdarcy, @axios, and @djrothkopf
| Michael P. Regan / Bloomberg: |
A look at synthetic shares of Apple, Amazon, and others, which track the prices of real stocks and are being traded on blockchain projects like Mirror Protocol — - A DeFi ‘Trojan Horse’ finds its way to the stock market — Sounds like ‘investor-protection issue,’ says Themis's Saluzzi
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AppleInsider, BTCMANAGER, MacDailyNews, Blockonomi, and iMore
Tweets: @thestalwart, @jackcambell14, @sivaram_v, @sandeepparekh, @davidgzeiler, @algotrdr, @d0h0k1, @crypto, @alex, and @treehcapital
| Alfred Ng / The Markup: |
Public records and a 2019 version of its user guide show just how invasive AnyVision's facial recognition software can be; AnyVision's customers include schools — One school using the software saw that a student's face was captured more than 1,000 times during the week
Tweets: @evan_greer, @evan_greer, @jessedamiani, @themarkup, and @alfredwkng
| Natasha Lomas / TechCrunch: |
Mozilla's crowdsourced study about YouTube over a 10-month period finds 71%+ videos flagged as objectionable by participants were recommended by YouTube itself — For years YouTube's video-recommending algorithm has stood accused of fuelling a grab-bag of societal ills by feeding users …
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NBC News, Wall Street Journal, CNET, TNW, ZDNet, The Daily Dot, The Hill, and Adweek
Tweets: @anthony and @brandyzadrozny
| Sarah McBride / Bloomberg: |
Evernote founder's Mmhmm, a video service that works with Zoom, Teams, and Webex and can add effects to calls, raises $100M led by SoftBank's Vision Fund — When Phil Libin created note-taking app Evernote in 2007, he was making a bet that smartphones would be the next big thing.
More:
TechCrunch and 9to5Mac
| Carson Kessler / ProPublica: |
Some users have reported getting locked out of their accounts at Chime, a “neobank” serving millions, with 920 complaints filed to CFPB since April 15, 2020 — Chime, a “neobank” serving millions, is racking up complaints from users who can't access their cash.| Manish Singh / TechCrunch: |
Report: Indian startups raised a record $10.46B in H1 2021, vs. $4B in H1 2020 and $11.6B in all of 2020; India produced 16 unicorns this year — Indian startups have raised a record $10.46 billion in the first half of 2021, up from $4 billion in H1 2020. — A startup founder … | Thomas Shum / Bloomberg: |
Sotheby's auction house says it will accept bitcoin and Ether at the sale of a 101.38-carat diamond, which could fetch as much as $15M, on Friday — - Pear-shaped flawless gem could fetch $15 million at auction — Bitcoin, Ether will be accepted at Hong Kong sale on Friday
More:
BTCMANAGER, Fortune, and Financial News
| Alex Konrad / Forbes: |
Utah-based Entrata, which develops property management software, raises $507M led by Silver Lake and others, its first raise in its 18-year history — Covering venture capital, software and startups — Can a new CEO, half a billion dollars and the support of some of Utah's … | Bloomberg: |
Sources: state-backed Russian hacking group APT29 breached the RNC last week, possibly via IT provider Synnex; RNC says there's is no indication it was hacked — - Hackers part of ‘Cozy Bear,’ people familiar with matter say — RNC official says ‘no indication’ computer systems hacked
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Threatpost, New York Times, The Guardian, Protocol, SYNNEX Corporation, Engadget, TechSpot, The Hill, The Register, Financial Times, and CRN
Tweets: @peterbakernyt, @razhael, @vermontgmg, @grahambrookie, @darickr, @jojofromjerz, @shanegoldmacher, @rgoodlaw, and @jason_kint
| Ryan Browne / CNBC: |
Wise begins trading in London direct listing, valuing the money transfer firm at $11B, and launches OwnWise, a program to let users own a stake in the company — - Wise shares opened at £8 a share Wednesday morning, giving the company a market value of £8 billion ($11 billion).
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The Guardian, Reuters, Bloomberg, Insider, Crowdfund Insider, Sifted, Bloomberg, and PYMNTS.com
Tweets: @ryan_browne_, @quinnypig, and @ryan_browne_
| Financial Times: |
Binance says it will temporarily suspend euro bank deposits from the EU's Single Euro Payments Area network due to “events beyond our control” — Latest block comes after flurry of regulatory pushbacks against crypto exchange — Binance said it will suspend euro bank deposits …
More:
Binance Blog, CoinDesk, Finbold, Decrypt, Forkast, Crypto Briefing, U.Today, Reuters, CNBC, Cointelegraph, Bloomberg, cryptodaily.co.uk, The Economic Times, Coinspeaker, alfa.cash blog, and Cryptonews
Tweets: @pesa_africa, @dsquareddigest, and @mayazi
| Clothilde Goujard / Politico: |
EU's new law will let tech companies scan their platforms for child sexual abuse material for the next three years without fear of violating EU's privacy laws — The European Parliament on Tuesday approved a controversial law that would allow digital companies to detect and report child sexual abuse … | Justin Sink / Bloomberg: |
Source: Biden will direct the FTC to draft new right-to-repair rules, with an explicit mention of mobile phone manufacturers expected in the directive — - Order may loosen rules on who can undertake phone repairs — Pentagon contractors, farm equipment also under scrutiny
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BBC, The White House, VICE, HotHardware.com News, ZDNet, XDA Developers, ZDNet, phonearena.com, Fast Company, Pocketnow, Neowin, The Register, Fight to Repair, Reuters, Gizmodo, Engadget, and TechRadar
| Romain Dillet / TechCrunch: |
Outbrain, which filed for an IPO last week, raises $200M from Boston-based hedge fund Baupost Group — Outbrain, an adtech company that provides clickbait ads below news articles, has raised $200 million in funding — Outbrain didn't disclose the valuation of the company for this deal.| Bloomberg: |
Analysis: European tech startups raised $73.9B in H1 2021, compared to $108.8B across 2020; European tech IPOs raised $16.1B in 2021, ahead of 2020's $10.2B — - Continent's tech IPOs, deals on track to break records in 2021 — Tech unicorns in Europe are worth $800 billion: GP Bullhound| Mary Ann Azevedo / TechCrunch: |
Unit21, which helps businesses monitor fraudulent activities via APIs and a dashboard, raises $34M Series B led by Tiger Global at a $300M valuation — Unit21, a startup that helps businesses monitor fraudulent activities with its no-code software, announced today it has raised $34 million … | Rebecca Chowdhury / MIT Technology Review: |
Hands-on with New York's Excelsior Pass vaccine passport: low adoption, privacy concerns, persistent technical glitches, and limited use at top leisure venues — When we tested New York's Excelsior Pass, we found privacy concerns, technical glitches, and questions over who it's really for.
Tweets: @techreview, @rebecca_chowd, @techreview, @brianmcc, and @miarsato
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