The Facebook-Australia news battle appears to have reached an finish, Android will get an replace and Lucid Motors goes public by way of SPAC. This is your Daily Crunch for February 23, 2021.
The large story: Facebook brings news sharing back to Australia
Last week, Facebook responded to the Australian authorities’s proposed regulation requiring web platforms to strike revenue-sharing agreements with news publishers by blocking news sharing and viewing for customers within the nation. But with the federal government amending the regulation, Facebook stated it would restore news sharing within the “coming days.”
Among different issues, the amendments name for a two-month mediation interval earlier than Facebook is pressured into arbitration with publishers, and it additionally says the federal government will contemplate business agreements that the platforms have made with native publishers earlier than deciding whether or not the regulation applies to them.
William Easton, Facebook’s managing director for Australia and New Zealand, stated in a press release that the amendments tackle “core concerns about allowing commercial deals that recognize the value our platform provides to publishers relative to the value we receive from them.”
The tech giants
Android’s newest replace will allow you to schedule texts, safe your passwords and extra — This replace will combine a characteristic known as Password Checkup to warn you to passwords you’re utilizing which have been beforehand uncovered.
Twitter relaunches take a look at that asks customers to revise dangerous replies — Twitter is operating a brand new take a look at that may ask customers to pause and suppose earlier than they tweet.
Area 120 is starting to use Google’s huge attain to scale HTML5 GameSnacks platform — GameSnacks is an HTML5 gaming platform the place titles are bite-sized and cargo a lot sooner.
Startups, funding and enterprise capital
Lucid Motors strikes SPAC deal to go public with $24B valuation — This would be the largest deal but between a blank-check firm and an electrical car startup.
Shippo raises $45M extra at $495M valuation as e-commerce booms — The startup gives shipping-related providers to e-commerce corporations.
Reddit ups Series E spherical by one other $116M — Reddit had already introduced a $250 million Series E earlier this month.
Advice and evaluation from Extra Crunch
How to overcome the challenges of switching to usage-based pricing — The usage-based pricing mannequin nearly seems like a cheat code, in accordance to OpenView’s Kyle Poyar.
Oscar Health’s preliminary IPO value is so excessive, it makes me need to swear — Alex Wilhelm doesn’t mince phrases: “Public investors have lost their damn minds.”
RIBS: The messaging framework for each firm and product — The take a look at is designed to let you know in case your story is memorable, so you may flip it right into a compelling message.
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Announcing the entire agenda for TC Sessions: Justice — Our second-ever devoted occasion to range, fairness, inclusion and labor in tech is developing on March 3.
Six Miami-based traders share their views on the area’s startup scene — Investors see an enormous alternative for the area to grow to be a significant startup hub by using its various workforce and fantastic high quality of life.
SolarWinds hackers focused NASA, Federal Aviation Administration networks — Hackers are stated to have damaged into the networks of U.S. house company NASA and the Federal Aviation Administration as a part of a wider espionage marketing campaign.
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