Tech executives face off with Congress, Spotify gets a redesign and Snapchat is developing a new remix feature. This is your daily crunch for March 25, 2021.
Big Story: Zuckerberg Defends Role on Facebook in Capital Attack
Facebook’s Mark Zuckerberg, Twitter’s Jack Dorsey and Google’s Sundar Pichai appeared in a hearing today with the House Energy and Commerce Committee on the subject of misinformation, specifically the role that allowed the spread of lies and extremism to play in the Capitol attack Might be possible.
In his opening statement, Zuckerberg advocated reforms to Section 230, saying Facebook “did it on our behalf” to protect last year’s presidential election, blaming former President Donald Trump for the Square Capital Riots.
Repressed by rape. Mike Doyle (D-PA) on whether Facebook takes some responsibility, Zuckerberg responded, “I think the responsibility lies with those who take action to break the law and rebel. Secondly, with those Who spread the material, including the president, but also with repeated rhetoric over time, stating that the election was rigged and encouraged people to organize, I think those people also bear the primary responsibility. “
Spotify Role Replaces Desktop and Web Apps – Overall, the update gives the Spotify app a more streamlined, less cluttered look and feel.
Snapchat is developing its own tech on TikTok Duets with a new ‘remix’ feature – this feature will allow users to create new content using their friends’ snaps.
Startup, Funding and Venture Capital
PPRO extends the latest round for $ 270M by combining JPMorgan and Eldridge to develop its localized payment platform – PPRO’s core product is a set of APIs that e-commerce companies use to pay their local and currencies consumers To your check-out. .
Notarize Raises $ 130M, Triple Valuation Behind 600% YoY Revenue Growth – When the world moved to virtual a year ago, a service in particularly hot demand seen: remote online notarization.
Everwell acquires two healthcare companies and builds parents Everly Health – the new parent unit is now home to population through lab test kits and education, US-wide clinic networks, telehealth and a payment-supported / enterprise self -Scale will provide services including testing. -Collected Lab Test.
Additional crisis advice and analysis
Automakers, suppliers and startups see a growing market for AR / VR applications in vehicles – a new battle for market share within vehicles is emerging.
How VCs and Private Equity Funds Can Launch Portfolio-Acceleration Platforms – Nearly every private equity and venture capital investor now advertises that they have a platform to support their portfolio companies.
Will the spirit of louding affect Robinhood, Coinbase and other trading platforms? – What happens to hot fintech startups that have benefited from an increase in consumer trading activity, as regular people lose interest in financial wagers?
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Fatface tells customers to keep their data breeches ‘strictly private’ – the clothing giant FatSpace had a data breech, but doesn’t want you to tell anyone about it.
EV manufacturers oppose delaying automotive emissions penalty increases – electric vehicle manufacturers are pushing against the decision to delay penalties for vehicle manufacturers failing to meet fuel efficiency standards.
New York move to legalize recreational marijuana – New York State officials struck a deal with Gov. Andrew Andrew to allow recreational use of cannabis.
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