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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: |
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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
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