The Fb-Australia news battle appears to have reached an finish, Android will get an replace and Lucid Motors goes public by way of SPAC. That is your Day by day Crunch for February 23, 2021.
The large story: Fb brings news sharing again to Australia
Final week, Fb 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. However with the federal government amending the regulation, Fb mentioned it should 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 take into account business agreements that the platforms have made with native publishers earlier than deciding whether or not the regulation applies to them.
William Easton, Fb’s managing director for Australia and New Zealand, mentioned in a press release that the amendments handle “core issues about permitting business offers that acknowledge the worth our platform offers to publishers relative to the worth we obtain 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 function referred to as Password Checkup to provide you with a warning to passwords you’re utilizing which have been beforehand uncovered.
Twitter relaunches check that asks customers to revise dangerous replies — Twitter is working a brand new check that may ask customers to pause and suppose earlier than they tweet.
Space 120 is starting to make use of 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 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 extra at $495M valuation as e-commerce booms — The startup offers shipping-related companies to e-commerce firms.
Reddit ups Collection E spherical by one other $116M — Reddit had already introduced a $250 million Collection E earlier this month.
Recommendation and evaluation from Additional Crunch
Easy methods to overcome the challenges of switching to usage-based pricing — The usage-based pricing mannequin nearly appears like a cheat code, in response to OpenView’s Kyle Poyar.
Oscar Well being’s preliminary IPO worth is so excessive, it makes me need to swear — Alex Wilhelm doesn’t mince phrases: “Public traders have misplaced their rattling minds.”
RIBS: The messaging framework for each firm and product — The check is designed to inform you in case your story is memorable, so you’ll be able to flip it right into a compelling message.
(Additional Crunch is our membership program, which helps founders and startup groups get forward. You possibly can enroll right here.)
Asserting the whole agenda for TC Periods: 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 — Buyers see an enormous alternative for the area to develop into a significant startup hub by using its various workforce and great high quality of life.
SolarWinds hackers focused 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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