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March 25, 2022, 11:55 AM
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| Samuel Stolton / Politico: |
EU lawmakers provisionally agree on the DMA, which mandates messaging service interoperability, limits bundling services, prohibits self-preferencing, and more — The European Union today adopted landmark rules clamping down on anti-competitive abuses by the world's largest technology platforms …
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| Russell Brandom / The Verge: |
An ex-employee alleges Microsoft spends about $200M+/year on bribes and kickbacks via its foreign contracts business; Microsoft says the claims were addressed — In 2016, Yasser Elabd noticed a $40,000 payment to a client in Africa that didn't smell right.| Daniel Michaels / Wall Street Journal: |
The EU and US reach a preliminary pact to store data about Europeans on US soil, but reveal few details, 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 …
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Silicon Republic, noyb.eu, CNN, The White House, Engadget, Protocol, CNBC, Politico, Axios, TechCrunch, Bloomberg, and CSO
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| 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.
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TechCrunch, Benzinga, New York Times, PYMNTS.com, and The Information
| Kellen Browning / New York Times: |
Netflix acquires Boss Fight Entertainment, a mobile game developer with 130 employees, its third studio purchase since sharing its gaming ambitions last summer — The acquisition is the company's third since it announced plans to move into video games last summer.| Adi Robertson / The Verge: |
The DOJ arrests and charges two men with wire fraud and money laundering over an alleged $1.1M NFT rug pull scheme for their collection of 8,888 “Frosties” — They'd already announced a follow-up series — US government prosecutors have charged two men with fraud and money laundering … | New York Times: |
The DOJ charges four Russian officials for alleged hacking campaigns from 2012 to 2018 on critical US infrastructure, including a Kansas nuclear power plant — The announcement covered hackings from 2012 to 2018, but served as yet another warning from the Biden administration of Russia's ability to conduct such operations.
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CISA, Metacurity, Politico, Security Affairs, Federal Bureau …, USA Today, BBC, CNN, The Register, Agence France-Presse, Reuters, iTnews, Washington Post, Wired, New York Post, Engadget, Financial Times, The Hill, The Record, BleepingComputer, Newser, ChinaTechNews.com, and Bloomberg
Tweets: @cisagov, @robertmlee, @thejusticedept, @cliffordlevy, and @kimzetter
| 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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Slashdot. Tweets: @profwoodward, @davidberginb, @daithaigilbert, @vicenews, @tonyajoriley, @accessnow, @thegregwalters, @martymanley, @boba_tea_catan, and @sbuehler
| Mike Peterson / AppleInsider: |
Filing: Apple argues that Epic lost the Epic Games v. Apple trial because it failed to prove wrongdoing and not because of any legal errors on the judge's part — In a new brief, Apple declares that Epic Games lost the Epic v. Apple trial because it failed to prove wrongdoing — and not because of any legal errors on the judge's part.
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9to5Mac, iMore, MacRumors, GamesIndustry.biz, CNET, Wall Street Journal, Wccftech, WRAL TechWire, MacDailyNews, PhoneArena, Bloomberg, and Axios. Tweets: @timsweeneyepic
| Alex Wilhelm / TechCrunch: |
Firstbase, which helps companies ensure new remote hires choose and receive necessary hardware, raises a $50M Series B led by Kleiner Perkins — Bias alert: I am writing to you from my home office — Firstbase announced a Series B round of funding today, led by Kleiner Perkins.
Tweets: @alex
| John Reynolds / AltFi: |
London-based Causal, which makes spreadsheet software that can connect with live data sources, raises a $20M Series A co-led by Coatue and Accel — The Series A funding round in Causal was led by Coatue, the investment management firm and Accel, the venture capital outfit …
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Tech.eu
| Miles Kruppa / Financial Times: |
In a report, International Organization of Securities Commissions compares DeFi to dotcom bubble, says most DeFi protocols are centralized in one or more areas — Iosco report highlights conflicts and other red flags in fast-growing corner of crypto markets
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Decrypt, Ledger Insights, LendIt Fintech News, Finextra, and Cointelegraph. Tweets: @financialtimes
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