Techmeme
March 25, 2022, 7:40 PM

Top News

Daniel Michaels / Wall Street Journal:
The EU and US reach a preliminary deal to store data about Europeans on US soil, after the EU declared the previous pact illegal in 2020  —  Agreement could assuage concerns of companies with operations on both sides of the Atlantic  —  BRUSSELS—The U.S. and the European Union reached …
Mark Gurman / Bloomberg:
Sources: Apple paid $100K to $200K in stock-based bonuses to select software and hardware engineers, after giving similar bonuses in December to retain talent  —  Apple Inc. is paying a small number of engineers another round of special stock bonuses as part of an unusual push to retain key talent …
Russell Brandom / The Verge:
Naureen S Malik / Bloomberg:
Sources: Exxon has a pilot with Crusoe to use excess natural gas from North Dakota oil wells for crypto mining and is considering expanding the test globally  —  Exxon Mobil Corp. is running a pilot program using excess natural gas that would otherwise be burned off from North Dakota oil wells …
Javier Espinoza / Financial Times:
Apple and Google criticize the newly unveiled Digital Markets Act that will force companies designated as gatekeepers to open up their platforms to competitors  —  Apple and Google criticise newly unveiled Digital Markets Act that will force a radical overhaul of their global operations
Samuel Stolton / Politico:
More: The Verge, TechCrunch, European Parliament, The Verge, The Verge, Reuters, Politico, New York Times, Associated Press, European Commission, 9to5Mac, Politico, European Council, ZDNet, BBC, PYMNTS.com, Tech Monitor, Silicon Republic, 9to5Mac, Ars Technica, CNBC, Android Police, XDA Developers, New Scientist, European Parliament, TechCrunch, TechRadar, Socialists & Democrats, Protocol, Euractiv, Reuters, Wall Street Journal, New York Times, Variety, AppleInsider, Chamber of Progress, Protocol, iPhone in Canada Blog, OnMSFT.com, Computerworld, Gizmodo, Wccftech, The Register, Apple Must, Android Central, MacDailyNews, Wired UK, Light Reading, Liliputing, The Diff, iPhone Hacks, The Mac Observer, KD's Newsletter, iMore, Axios, Transistori, SiliconANGLE, Engadget, France 24, The Hill, and Social Media Today
Jem Aswad / Variety:
After suspending its paid subscription service in Russia on March 9, Spotify now plans to fully suspend its service in the country citing the new censorship law  —  Spotify, which suspended its paid subscription service in Russia earlier this month due to that country's unprovoked …
Amitoj Singh / CoinDesk:
India's parliament approves a 30% capital gains tax on crypto transactions, a 1% tax at the source, and no deductions or losses option, effective as of April 1  —  Amendments sought by the crypto industry were not accommodated, and the policies will go into effect on April 1.
Lauren Kaori Gurley / VICE:
A unit of 12 Google Fiber workers in Kansas City, Missouri, becomes the first NLRB-recognized bargaining unit of the Alphabet Workers Union, a branch of the CWA  —  “We're really hoping that we're the first in a line of dominos.”  —  Lauren Kaori Gurley  —  Google Fiber workers in Kansas City …
Juro Osawa / The Information:
Sources: Sequoia China, whose portfolio includes ByteDance and online fashion startup Shein, is in early talks to raise $8B+ across four new funds  —  The Chinese affiliate of Sequoia Capital, whose vast portfolio includes TikTok owner ByteDance and online fashion startup Shein …
Bloomberg:
Instacart says it has voluntarily cut its valuation to ~$24B to boost recruiting and retention; Instacart was valued at $39B during its latest raise last March  —  Instacart Inc. is slashing its valuation by almost 40% to about $24 billion, a move it says will help the company attract talent and adapt to market conditions.
David Gilbert / VICE:
A look at Lantern, a company backed by the US' Open Technology Fund that has spent the last two years building a peer-to-peer network to bypass Russian censors  —  Backed with funding from the U.S. government's Open Technology Fund, Lantern has spent two years building a peer-to-peer network inside Russia.

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