The Fb-Australia information battle appears to have reached an finish, Android will get an replace and Lucid Motors goes public through SPAC. That is your Each day Crunch for February 23, 2021.
The large story: Fb brings information sharing again to Australia
Final week, Fb responded to the Australian authorities’s proposed legislation requiring web platforms to strike revenue-sharing agreements with information publishers by blocking information sharing and viewing for customers within the nation. However with the federal government amending the legislation, Facebook said it will restore news sharing within the “coming days.”
Amongst different issues, the amendments name for a two-month mediation interval earlier than Fb is compelled 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 legislation applies to them.
William Easton, Fb’s managing director for Australia and New Zealand, mentioned in an announcement that the amendments handle “core issues about permitting business offers that acknowledge the worth our platform supplies to publishers relative to the worth we obtain from them.”
The tech giants
Android’s latest update will let you schedule texts, secure your passwords and more — This replace will combine a function referred to as Password Checkup to provide you with a warning to passwords you’re utilizing which have been beforehand uncovered.
Twitter relaunches test that asks users to revise harmful replies — Twitter is operating a brand new check that may ask customers to pause and assume earlier than they tweet.
Area 120 is beginning to use Google’s massive reach to scale HTML5 GameSnacks platform — GameSnacks is an HTML5 gaming platform the place titles are bite-sized and cargo a lot quicker.
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 automobile startup.
Shippo raises $45M more at $495M valuation as e-commerce booms — The startup supplies shipping-related companies to e-commerce corporations.
Reddit ups Series E round by another $116M — Reddit had already introduced a $250 million Sequence E earlier this month.
Recommendation and evaluation from Further Crunch
How to overcome the challenges of switching to usage-based pricing — The usage-based pricing mannequin nearly looks like a cheat code, based on OpenView’s Kyle Poyar.
Oscar Health’s initial IPO price is so high, it makes me want to swear — Alex Wilhelm doesn’t mince phrases: “Public buyers have misplaced their rattling minds.”
RIBS: The messaging framework for every company and product — The check is designed to inform you in case your story is memorable, so you possibly can flip it right into a compelling message.
(Further Crunch is our membership program, which helps founders and startup groups get forward. You can sign up here.)
Every little thing else
Announcing the complete agenda for TC Sessions: Justice — Our second-ever devoted occasion to variety, fairness, inclusion and labor in tech is developing on March 3.
Six Miami-based investors share their views on the region’s startup scene — Buyers see an enormous alternative for the area to develop into a serious startup hub by using its various workforce and great high quality of life.
SolarWinds hackers targeted NASA, Federal Aviation Administration networks — Hackers are mentioned 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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