Posts by blatcho:

Sources: the FTC is investigating whether Visa and Mastercard’s security tokens restrict debit-card routing competition on online payments (AnnaMaria Andriotis/Wall Street Journal)

AnnaMaria Andriotis / Wall Street Journal: Sources: the FTC is investigating whether Visa and Mastercard’s security tokens restrict debit-card routing competition on online payments  —  The Federal Trade Commission is examining whether the companies’ security tokens prevent online debit-card payments from going over other networks

Alipay has quietly started testing money transfers through WeChat in September, available for a small number of users with a maximum of ~$278 per transfer (Coco Feng/South China Morning Post)

Coco Feng / South China Morning Post: Alipay has quietly started testing money transfers through WeChat in September, available for a small number of users with a maximum of ~$278 per transfer  —  The wall separating China’s two leading mobile payment systems may have started to crack after Ant Group’s Alipay rolled out a trial […]

Vodafone and France’s Altice announce a ~$7B joint venture to build fiber optic lines to up to 7M homes in Germany; the deal is expected to close in H1 2023 (Thomas Seal/Bloomberg)

Thomas Seal / Bloomberg: Vodafone and France’s Altice announce a ~$7B joint venture to build fiber optic lines to up to 7M homes in Germany; the deal is expected to close in H1 2023  —  Vodafone Group Plc will roll out fiber to the home in Germany in a deal with Altice Europe NV to […]

Meta says it found an externally-created Meta Workplace account that was used to spoof an internal Instagram system used as “evidence” for The Wire’s reporting (Meta)

Meta: Meta says it found an externally-created Meta Workplace account that was used to spoof an internal Instagram system used as “evidence” for The Wire’s reporting  —  This is an ongoing investigation and we will update as it unfolds.  At this time, we can confirm that the video shared …

Analysis: 14 self-driving vehicle tech companies that went public in the past two years have seen an 80%+ average decline in their post-IPO stock price (Joanna Glasner/Crunchbase News)

Joanna Glasner / Crunchbase News: Analysis: 14 self-driving vehicle tech companies that went public in the past two years have seen an 80%+ average decline in their post-IPO stock price  —  A few years ago, public market investors sometimes lamented the lack of opportunities to directly invest in future-shaping technologies like autonomous driving.

Elon Musk, SpaceX, and government partners should stop finger-pointing, commit to transparency, and figure out a long-term funding plan for Starlink in Ukraine (Devin Coldewey/TechCrunch)

Devin Coldewey / TechCrunch: Elon Musk, SpaceX, and government partners should stop finger-pointing, commit to transparency, and figure out a long-term funding plan for Starlink in Ukraine  —  What appeared earlier this year to be a selfless act of technotopianism, the widespread deployment of Starlink terminals in Ukraine …

UK-based Zen Educate, a marketplace that algorithmically matches schools with the best available teachers, raised a $21M Series A extension to fuel US expansion (Paul Sawers/TechCrunch)

Paul Sawers / TechCrunch: UK-based Zen Educate, a marketplace that algorithmically matches schools with the best available teachers, raised a $21M Series A extension to fuel US expansion  —  Zen Educate, an online marketplace that algorithmically matches schools with the best available teachers, has raised £19.3 million …

Study: AI hiring tools don’t reduce bias or improve diversity; they can’t be trained to only identify job-related characteristics and strip out gender and race (Chris Vallance/BBC)

Chris Vallance / BBC: Study: AI hiring tools don’t reduce bias or improve diversity; they can’t be trained to only identify job-related characteristics and strip out gender and race  —  Artificially intelligent hiring tools do not reduce bias or improve diversity, researchers say in a study.

Hacker behind the Mango Markets exploit keeps $47M and returns $67M to the DeFi platform after a Mango community vote; he claims his actions were legal (Osato Avan-Nomayo/The Block)

Osato Avan-Nomayo / The Block: Hacker behind the Mango Markets exploit keeps $47M and returns $67M to the DeFi platform after a Mango community vote; he claims his actions were legal  —  – Eisenberg called the exploit a “profitable trading strategy” and said his actions were legal.  — The Mango exploiter said the deal …

Binance’s mining service Binance Pool launches a $500M fund to provide 18-to-24-month loans for private and publicly listed Bitcoin miners (Sam Reynolds/CoinDesk)

Sam Reynolds / CoinDesk: Binance’s mining service Binance Pool launches a $500M fund to provide 18-to-24-month loans for private and publicly listed Bitcoin miners  —  The entity is the latest to join the growing ranks of alternative lenders looking to provide capital to the distressed mining industry.

Elon Musk claims SpaceX will continue subsidizing Starlink in Ukraine “for free” even though the service is still losing money; SpaceX receives government funds (Ashley Capoot/CNBC)

Ashley Capoot / CNBC: Elon Musk claims SpaceX will continue subsidizing Starlink in Ukraine “for free” even though the service is still losing money; SpaceX receives government funds  —  – Elon Musk said in a tweet Saturday that his company SpaceX would continue to fund Starlink satellite internet terminals …

A look at Spotify’s podcast exclusivity strategy, which led to 75% audience drops for some Gimlet shows and caused others, like the Obamas, not to renew deals (Simon Owens/Simon Owens’s Media Newsletter)

Simon Owens / Simon Owens’s Media Newsletter: A look at Spotify’s podcast exclusivity strategy, which led to 75% audience drops for some Gimlet shows and caused others, like the Obamas, not to renew deals  —  The open podcast ecosystem isn’t dead yet.  —  Welcome!  I’m Simon Owens and this is my media newsletter.

Fewer than half of the US and European rapid delivery startups launched in the pandemic are still operating; they face huge losses, a funding drought, and more (Tim Bradshaw/Financial Times)

Tim Bradshaw / Financial Times: Fewer than half of the US and European rapid delivery startups launched in the pandemic are still operating; they face huge losses, a funding drought, and more  —  As nervous consumers avoided supermarkets during the Covid-19 pandemic, tech entrepreneurs spied a once-in-a-generation opportunity to reinvent the humble grocery run.

New York City-based IronVest, which uses biometric authentication and AI to verify the identity of users online, raised a $23M seed led by Accomplice (Tim Keary/VentureBeat)

Tim Keary / VentureBeat: New York City-based IronVest, which uses biometric authentication and AI to verify the identity of users online, raised a $23M seed led by Accomplice  —  The challenge of assuring identity is becoming more and more difficult.  According to the Federal Trade Commission (FTC) …

Doc: a shareholders’ agreement from Elon Musk for Twitter investors gives him “sole discretion” on an IPO decision, “exclusive authority” on board changes, more (The Information)

The Information: Doc: a shareholders’ agreement from Elon Musk for Twitter investors gives him “sole discretion” on an IPO decision, “exclusive authority” on board changes, more  —  Elon Musk may be relying on outside investors to help finance his $44 billion purchase of Twitter.

A look at TikTok’s rise, as US viewers spend longer in the video app than Facebook and Instagram combined, and ongoing issues with its Chinese ownership (Drew Harwell/Washington Post)

Drew Harwell / Washington Post: A look at TikTok’s rise, as US viewers spend longer in the video app than Facebook and Instagram combined, and ongoing issues with its Chinese ownership  —  The world’s most popular app has pioneered a new age of instant attention.  Can we trust it?  —  On the night Shelby Renae […]