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July 26, 2021, 10:20 AM
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| Bloomberg: |
China issues regulations for food delivery platforms, mandating minimum wage, respect for worker rights, and more, leading to Meituan shares dropping by 14%+ — - It extended losses after Beijing issued food platform curbs — Meituan is grappling with a broader antitrust investigation
More:
Bloomberg, South China Morning Post, Wall Street Journal, Reuters, and Livemint
Tweets: @armchairdude, @tracyalloway, @lib_crusher, @davidinglestv, and @saxena_puru
| Financial Times: |
China's edtech overhaul could eliminate foreign investors from the sector and wipe out billions invested by Sequoia, Tiger, Tencent, and SoftBank's Vision Fund — Tutoring businesses feared ‘virtually uninvestable’ under plans to curb private capital — China's sweeping overhaul … | Bloomberg: |
More:
Bloomberg, Bloomberg, Tech in Asia, and Reuters
Tweets: @luluyilun, @danmcohen, @benpatrickwill, @ngkabra, @luluyilun, @carnage4life, @andrewbatson, @guptpiy, @willrocklin, @wolfiezhao, and @davidinglestv
| Noah Smith / Noahpinion: |
More:
Bloomberg and ABC
Tweets: @gavinsbaker, @gavinsbaker, @mhdempsey, @ruima, @ruima, @ruima, @ruima, @ruima, @noahpinion, @mosharrafzaidi, @aja_cortes, @prasannavishy, and @noahpinion
| Max Fisher / New York Times: |
Analysts and US officials say the disinformation-for-hire industry is booming, as influencers get approached by back-alley firms to spread falsehoods — Back-alley firms meddle in elections and promote falsehoods on behalf of clients who can claim deniability, escalating our era of unreality.
More:
BBC, Slashdot, Washington Post, The Overspill, and fossbytes.com
Tweets: @craignewmark, @max_fisher, @jeanburgess, @redsteeze, @selectedwisdom, @chessninja, @cherijacobus, @candacemhill, @xpatriciah, @davidbegnaud, @juliadavisnews, @jason_kint, @anneapplebaum, @peterhotez, @steveschmidtses, @gladstein, @lon_s_j, @steveschmidtses, @bostonjoan, @mattocko, @peterjukes, and @rashadrobinson
| New York Times: |
FTX and Binance will curb highly leveraged cryptocurrency trading, a practice that can vastly multiply losses; FTX offered 101x leverage, now down to 20x — The moves would reduce the size of the bets that investors can make by drastically cutting the maximum leverage offered.| Bloomberg: |
Sources: DOJ is probing whether Tether execs committed bank fraud in its early stages; Tethers in circulation are worth ~$62B, underpin >50% of bitcoin trades — - Tether says it's committed to cooperating with law enforcement — A U.S. probe into Tether is homing in on whether executives behind …
More:
The Block and Crowdfund Insider
Tweets: @mrbenlilly, @ivanthek, @bennetttomlin, @carlquintanilla, @zguz, and @mdudas
| Abner Li / 9to5Google: |
Ex-Google employee recounts how Google abandoned a redesign attempt of Chrome on Android, which was similar to iOS 15's Safari, with the URL bar at the bottom — Apple's mobile web browser is the main lightning rod of this year's iOS 15 beta period and it remains to be seen whether it will actually launch in the fall.| Erin Woo / New York Times: |
As QR codes proliferate among hospitality and retail businesses due to the pandemic, privacy experts warn of businesses tracking customers and spending patterns — Fueled by a desire for touchless transactions, QR codes popped up everywhere in the pandemic. Businesses don't want to give them up.
Tweets: @nytimesbusiness, @foxcahn, @martinsfp, and @tonyromm
| Theo Wayt / New York Post: |
Now-deleted job listings suggest Citizen is paying people in NYC and LA up to $250 for a ten-hour shift live streaming crime scenes and other emergencies — Want to make $200 a day in New York City? Rush to the scene of a murder, a three-alarm fire or a traffic accident — then pull out your phone and start shooting.
More:
Insider. Tweets: @theo_wayt, @jeanmarieevelly, @goodnycmayor, @pt, @theo_wayt, @bigblackjacobin, @hypervisible, and @erinmdurkin
| Elizabeth Dias / New York Times: |
As part of its expanded outreach to US churches, Facebook is offering subscription tools for exclusive content and donation tools during live streams — The company is intensifying formal partnerships with faith groups across the United States and shaping the future of religious experience.| Elizabeth Culliford / Reuters: |
Facebook, Twitter, Microsoft, YouTube, and others will now add content from white supremacist and far-right militias to a key counterterrorism database — A counterterrorism organization formed by some of the biggest U.S. tech companies including Facebook (FB.O) and Microsoft (MSFT.O) …
More:
Protocol and GIFCT
Tweets: @eculliford, @gifct_official, @dnvolz, @issielapowsky, and @erinsaltman
| Igor Bonifacic / Engadget: |
Spotify adds a What's New feed on iOS and Android, showing continually updating new releases from followed artists, rolling out over the coming weeks — Spotify is introducing a feature to notify people when their favorite artists and podcast producers have a new release to check out.
More:
Spotify, MacRumors, 9to5Mac, and TechCrunch
| John Newman / ProMarket: |
A look at some of the metrics that FTC can use to define Facebook's alleged monopoly in its refiled antitrust suit, including time on-site and “active users” — Despite some compelling allegations, a federal judge dismissed the FTC's antitrust complaint against Facebook due … | Shannon Liao / Washington Post: |
A look at the Intel World Open esports competition at the Tokyo Olympics, which took place entirely online, outside of the official games, and was laggy — After years of discussion over how and whether the Olympics should integrate competitive video gaming, esports had their place alongside … Sponsor Posts
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