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July 26, 2021, 8:55 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:
South China Morning Post, Reuters, and Livemint
Tweets: @tracyalloway, @armchairdude, @lib_crusher, @saxena_puru, and @davidinglestv
| 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 …
Tweets: @benpatrickwill and @primroseriordan
| Financial Times: |
As China cracks down, SoftBank's Vision Fund has lost $4B on its Didi investment, as its 20.1% stake bought for $11.8B in 2019 is now worth $7.8B — Japanese group's heavy investments in Chinese tech have left it exposed to a regulatory crackdown — The single largest bet on Chinese tech …
Tweets: @alex, @therealjoshye, @therealjoshye, @therealjoshye, and @therealjoshye
| Bloomberg: |
More:
Bloomberg, Bloomberg, Bloomberg, Tech in Asia, Reuters, and Forbes
Tweets: @luluyilun, @andrewbatson, @wolfiezhao, @willrocklin, @davidinglestv, @danmcohen, @carnage4life, @guptpiy, @benpatrickwill, @ngkabra, and @luluyilun
| Noah Smith / Noahpinion: |
More:
Bloomberg and ABC
Tweets: @ruima, @ruima, @ruima, @ruima, @ruima, @noahpinion, @aja_cortes, @prasannavishy, @noahpinion, and @mosharrafzaidi
| 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, Washington Post, Slashdot, and The Overspill
Tweets: @max_fisher, @craignewmark, @davidbegnaud, @juliadavisnews, @jeanburgess, @redsteeze, @jason_kint, @selectedwisdom, @chessninja, @anneapplebaum, @peterhotez, @cherijacobus, @steveschmidtses, @gladstein, @lon_s_j, @candacemhill, @steveschmidtses, @bostonjoan, @mattocko, @rashadrobinson, @xpatriciah, and @peterjukes
| 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.| 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.| 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.| 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 …
Tweets: @asherschechter, @promarket_org, and @johnmarknewman
| Roger McNamee / Wired: |
Biden has to play hardball with platforms like Facebook that amplify disinformation in order to prioritize Americans' wellbeing over Big Tech's whims — The president needs to prioritize Americans' wellbeing over Big Tech's whims to begin a path to restoring democracy, privacy, and competition.
Tweets: @repdesaulnier, @jason_kint, and @jason_kint
| 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) …
Tweets: @erinsaltman
| Bloomberg: |
Sources: Indonesia's GoTo, created by the Gojek and PT Tokopedia merger, is in talks to raise $1B-$2B at a $25B-$30B valuation, as it plans an IPO — - Merged entity of Gojek and Tokopedia is seeking dual listing — Funding round could value the firm as high as $30 billion
More:
Tech in Asia
| Priya Anand / Bloomberg: |
Parking apps in the US have seen a new wave of customers amid a surge in car ownership spurred by people avoiding mass transit and ride sharing due to COVID-19 — During the depths of the U.S. coronavirus pandemic, cars sat idly in driveways, city streets were deserted, onetime commuters worked from bed …
Tweets: @bw
| 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.Sponsor Posts
TELUS Digital:
See how your customer experience priorities compare — TELUS Digital surveyed leaders about the tech they're investing in, the KPIs they're tracking and their plans for outsourcing. Get the results. No form fill required!
See how your customer experience priorities compare — TELUS Digital surveyed leaders about the tech they're investing in, the KPIs they're tracking and their plans for outsourcing. Get the results. No form fill required!
Intel:
Intel Delivers powerful CPUs for AI and Networking — With the onset of AI, businesses demand powerful and efficient CPUs. Explore new Intel Xeon 6 processors, for the broadest set of workloads with leadership performance and lower TCO.
Intel Delivers powerful CPUs for AI and Networking — With the onset of AI, businesses demand powerful and efficient CPUs. Explore new Intel Xeon 6 processors, for the broadest set of workloads with leadership performance and lower TCO.
Zoho:
The rise of AI in recruitment — Note: This is a guest post by our integration partner Ringover.AI has already begun transforming recruitment, but in the coming years, it will reach new heights.
The rise of AI in recruitment — Note: This is a guest post by our integration partner Ringover.AI has already begun transforming recruitment, but in the coming years, it will reach new heights.
IDrive:
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.Featured Podcasts
Techmeme Ride Home:
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Hard Fork:
Tech Stock Shock + Solving the Mystery of OpenAI's "Blip" + Tinder's Flirt-Off
The future is already here. Each week, journalists Kevin Roose and Casey Newton explore and make sense of the latest in the rapidly changing world of tech.
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BG2 Pod:
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Open-source podcast on all things tech, markets, investing, and capitalism, hosted by Brad Gerstner and Bill Gurley.
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Decoder with Nilay Patel:
What AI anime memes tell us about the future of art and humanity
A show from the Verge about big ideas - and other problems.
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Great Chat:
Battle of the startup cities
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The Logan Bartlett Show:
Zach Weinberg (Co-Founder & CEO, Curie.Bio) on The Tariff Trap, Self-Inflicted Recession Risk, and Open AI's Fundraise
A podcast hosted by Logan Bartlett, an investor at Redpoint Ventures, covering tech with industry insiders.
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