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Extra Crunch roundup: China’s new data privacy law, fractional farming, debt vs. equity

5 years 1 month ago
China’s first data privacy laws go into effect on November 1, 2021. Will your company be in compliance? Modeled after the EU’s GDPR, the new regulations “[introduce] perhaps the most stringent set of requirements and protections for data privacy in the world,” writes Scott W. Pink, special counsel in O’Melveny’s Data Security & Privacy practice. […]
Walter Thompson

Quizlet plans for IPO over a year after hitting unicorn status

5 years 1 month ago
Quizlet, a flashcard tool turned artificial intelligence-powered tutoring platform, is planning an initial public offering nearly a year after it was valued at $1 billion. According to people familiar with the matter, Quizlet is considerably far along in the process to go public. A recent job filing shows that it is hiring for senior roles […]
Natasha Mascarenhas

Apple prohibited from blocking outside payment in Epic ruling

5 years 1 month ago
A judge this morning issued a ruling in California’s Epic Games v. Apple case, siding with the Fortnite maker on the topic of third-party payments. Effectively, the judge has ruled that Apple cannot prohibit developers from adding links for alternative payments beyond Apple’s App Store-based monetization. The mobile giant’s control over fees on iOS has […]
Brian Heater

WhatsApp will finally let users encrypt their chat backups in the cloud

5 years 1 month ago
WhatsApp said on Friday it will give its two billion users the option to encrypt their chat backups to the cloud, taking a significant step to put a lid on one of the tricky ways private communication between individuals on the app can be compromised. The Facebook-owned service has end-to-end encrypted chats between users for […]
Manish Singh

BNPL is not a winner-takes-all game

5 years 1 month ago
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. Natasha and Mary Ann took over this week’s show with Chris and Grace, which meant that our overdeveloped senses of curiosity filled up the script just fine (even on a somewhat short week). Unintentionally, today’s episode was built […]
Natasha Mascarenhas

Startup insurance provider Vouch raises $90M, now valued at $550M

5 years 1 month ago
Vouch, a provider of business insurance to startups and high-growth companies, announced today it has raised $90 million in new funding. The $90 million figure was raised across two rounds: a $60 million Series C co-led by SVB Capital (a subsidiary of Silicon Valley Bank) and Ribbit Capital that values the company at $550 million, […]
Mary Ann Azevedo

Why do the media always pit labor against capital?

5 years 1 month ago
There are abusive corporations, and we do need a better social safety net so that people aren’t at the mercy of the doctrine of shareholder primacy, but that truth disguises a more complicated reality.
Walter Thompson

Apple Music is using Shazam to solve the streaming industry’s problem with DJ mixes

5 years 1 month ago
Apple Music announced today that it’s created a process to properly identify and compensate all of the individual creators involved in making a DJ mix. Using technology from the audio-recognition app Shazam, which Apple acquired in 2018 for $400 million, Apple Music is working with major and independent labels to devise a fair way to […]
Amanda Silberling

Epic Games asks Apple to reinstate Fortnite in South Korea after new law

5 years 1 month ago
Epic Games has asked Apple to rejoin its Fortnite developer account in South Korea as the U.S. game maker plans to re-release Fortnite on iOS in South Korea, offering both Epic and Apple payments side-by-side, it said in a tweet. Epic has asked Apple to restore our Fortnite developer account. Epic intends to re-release Fortnite […]
Kate Park

Uber Eats, Grubhub, DoorDash sue NYC for limiting fees the apps can charge restaurants

5 years 1 month ago
Food ordering and delivery platforms DoorDash, Caviar, Grubhub, Seamless, Postmates and Uber Eats have banded together to sue the City of New York over a law that would permanently limit the amount of commissions the apps can charge restaurants to use their services. The Wall Street Journal first reported the news that the companies filed […]
Rebecca Bellan
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12 minutes 19 seconds ago
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