The New York Post story forces social platforms to build (and in Twitter Case, reverse) Some tricky options, Sony announced a new 3D display and fitness startup Future raised $ 24 million. This is your daily crunch for October 16, 2020.
Big story: Twitter withdraws New York Post decision
A recent New York Post story about emails and other data believed to have originated from Joe Biden’s son Hunter, seemed suspicious from the start, and over time more holes emerged. But this has put large social media platforms in an awkward position, as both Facebook and Twitter took steps to limit the ability of users to share the story.
Twitter, in particular, took a more aggressive stance to block links and images of the post story, as it allegedly violated the platform’s “hacked content policy”. This led to predictable complaints from Republican politicians, and even Twitter CEO Jack Dorsi said blocking links in direct messages without explanation was “unacceptable”.
As a result, the company said that it was changing the above hacked content policy. It will not remove hacked content unless it is shared directly by hackers or people who “act directly in concert with them.” Otherwise, it will label the tweet to provide context. To date, it is also allowing users to share links to the post story.
Sony’s $ 5,000 3D display (probably) is not for you – the company is targeting creative professionals with its new spatial reality display.
The European Union’s Google-Fitbit antitrust decision deadline was pushed to 2021 – EU regulators now have until 8 January 2021 to decide.
Startup, Funding and Venture Capital
Elon Musk’s Las Vegas Loop can only take a portion of the passengers it promised – plan files reviewed by ClearTips show that the boring company’s loop system is capable of moving anywhere around the number of people Would not be where the company agreed.
Future raised $ 24M Series B for a $ 150 / mo workout coaching app in the midst of the fitness boom at home – a great subscription to the future, which really blends users with a real-life fitness coach.
Lomatics raises $ 2.5M to help lawyers market – San Diego is building marketing and CRM software for startup lawyers.
Additional Crunch Advice and Analysis
How COVID-19 and the resulting recession is affecting female founders – a sharp decline in available capital is slowing the pace at which women are finding new companies in the COVID-19 era.
Startup founders set up Hacker’s Homes to recreate the synergy of Silicon Valley – Hacker’s homes seem to have made a frantic attempt to recreate some of the synergies that erased COVID-19.
Private equity firms may offer venture startups a viable exit option – the IPO-or-acquisition question is not always an either / or proposition.
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The FAA streamlines commercial launch rules for rocket launches – with rocket launches in greater numbers and variety, and it makes sense to get a bit of red tape out of the way, from more providers.
We now need universal digital advertising transparency – fifteen researchers propose a new standard for advertising disclosures.
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