Techmeme
July 12, 2021, 10:50 AM

Top News

Mark Landler / New York Times:
After England's defeat in Euro 2020, Boris Johnson and others condemn racist abuse of players on social media, with some calling for tougher action by platforms  —  The social media bigotry, directed at three players who missed penalty kicks in the Euro 2020 final, was condemned by Prime Minister Boris Johnson and most everyone else.
Bloomberg:
FCC approves Amazon's request to use “Radar Sensors” to sense motion and “enable contactless sleep tracing functionalities”  —  - FCC gives Amazon approval to use airwaves for radar sensor  — Device could aid ‘management of sleep hygiene,’ company says
New York Times:
A look at Facebook's long-term struggles with courting creators, as it falls behind YouTube, TikTok, and other rivals  —  The social network is aiming to be a destination for creators and their viral memes.  But TikTok and YouTube got there first.  —  SAN FRANCISCO — Over the past 18 months …
Matt Stoller / BIG:
Deep dive on Biden's EO, which directed all of the US government to take on big businesses, like tech giants, in concentrated markets, and whether it will work  —  “In the late 1930s, FDR's Administration supercharged antitrust enforcement, increasing more than eightfold the number of cases brought in just two years.”
Eriq Gardner / The Hollywood Reporter:
Manish Singh / TechCrunch:
Flipkart raises a $3.6B round led by GIC, Canada Pension Plan Investment Board, SoftBank Vision Fund 2, and Walmart, at a $37.6B valuation  —  Flipkart said on Monday it has raised $3.6 billion at a post-money valuation of $37.6 billion in what is considered as the pre-IPO round …
Wall Street Journal:
Sources: ByteDance put its US or Hong Kong IPO plans on hold in March after meeting with Chinese regulators, which asked the company to address security issues  —  Owner of TikTok video app took different approach from ride-hailing company Didi, which pressed ahead with U.S. listing
Kate Kaye / Digiday:
Facebook confirms it is delaying a brand safety audit by industry body MRC, after publicly committing to the audit a year ago during an ad boycott  —  Facebook's brand safety audit is postponed.  —  The company promised the Media Rating Council, the industry's decades-old measurement verification body …
Tweets: @lanceulanoff
Siddharth Venkataramakrishnan / Financial Times:
Circle, which says the value of its USDC stablecoins passed $26B+, has made info on its reserves more opaque in recent months, ahead of going public via SPAC  —  USD Coin issuer plans Wall Street debut as value of its tokens in circulation eclipses $25bn  —  Circle made a big pledge this week …

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