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June 12, 2021, 6:15 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
| 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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New York Times, Congressman David Cicilline, Chamber of Progress, Washington Post, Wall Street Journal, US House of Representatives, Axios, Big Technology, Platformer, Engadget, CNN, ZDNet, Vox, NBC News, iPhone in Canada Blog, Coinspeaker, Forbes, New York Post, Thurrott, TechSpot, US House of Representatives, US House of Representatives, Electronic Frontier Foundation, US House of Representatives, US House of Representatives, Ubergizmo, Congresswoman Pramila Jayapal, Techdirt, Android Central, Bloomberg Government, phonearena.com, CNET, The Markup, Philip Elmer‑DeWitt, GeekWire, Mashable, Tech.co, The Daily Wire, MSPoweruser, iMore, SiliconANGLE, Tech Policy Press, Deadline, AppleInsider, Politico, MacRumors, Insider, Tech Xplore, Bloomberg, 9to5Mac, and Blue's News
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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, @jedmark888, @shanetews, @rickcarew, @bobdavis187, @ryanfedasiuk, @jchengwsj, @jchengwsj, @baldingsworld, and @jchengwsj
| 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 … | 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) … | 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| 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.| 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
| 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.| 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 … | 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.| Kevin Beaumont / DoublePulsar: |
As ransomware gangs operate on multi-million dollar budgets at a global scale, telling companies to “just patch” or “implement zero trust” is no longer feasible — ve talked about ransomware and extortion attacks on organizations for about a decade.
Tweets: @simbakke, @jaredhaight, @divinetechygirl, @justincormack, @drjessicabarker, @ciaranmartinoxf, and @gossithedog
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