Leah Nylen / Bloomberg: Two directors quit Nextdoor after the DOJ raised concerns over also serving on Pinterest’s board; filing says Leslie Kilgore and Andrea Wishom left on August 1 — – DOJ is cracking down on directors serving on rival companies Lees verder op Tech Meme
Elizabeth Howcroft / Reuters: PayPal plans to “temporarily” stop letting UK users buy crypto via its platform from October 1 to work with regulators and expects to restart in “early 2024” — Payments giant PayPal (PYPL.O) will stop allowing UK customers to buy cryptocurrencies through its platform … Lees verder op Tech Meme
Chris Vallance / BBC: Sama CEO Wendy Gonzalez says the company will no longer take on harmful content moderation work from Meta and she regrets the work, after staff sue the company — A firm which was contracted to moderate Facebook posts in East Africa has said with hindsight it should not have taken on the job. Lees verder op Tech Meme
Jay Peters / The Verge: Epic Games expands its Epic Online Services crossplay tools from PC to PlayStation, Xbox, and Switch, helping developers more easily add crossplay multiplayer — The change could mean that developers will be able to more easily bring crossplay multiplayer to their games. Lees verder op Tech Meme
Ryan Weeks / The Block: Layer 1 blockchain startup ZetaChain raised $27M from Blockchain.com and others and plans to launch its mainnet soon; the project has 27K+ dApps deployed — – Several crypto and trading heavyweights, including Blockchain.com and Jane Street Capital, participated in the fundraise. Lees verder op Tech Meme
Bloomberg: Sources: as part of a long-running DOJ investigation into Visa, officials are looking at how the company charges merchants for using its “tokenization” service — – Merchants get charged more if they shun Visa’s tokens — Long-running probe is now scrutinizing those price differences Lees verder op Tech Meme
Alexandra Alter / New York Times: The Authors Guild, American Booksellers Association, and Open Markets Institute urge the DOJ and the FTC to investigate Amazon’s “monopoly” in the book market — The online retailer’s size and sway affects the free exchange of ideas, the groups argue. Lees verder op Tech Meme
Bloomberg: Filing: Samsung Electronics sold ~3.55M ASML shares from April-June 2023, lowering its holding from 1.6% to 0.7%, or 2.75M shares, and reportedly raising ~$2.2B — – Firm lowered its holding to 0.7% from 1.6% in the period — Sale raised about $2.2 billion, Korea Economic Daily reported Lees verder op Tech Meme
Bloomberg: Intel ends its $5.4B deal to buy Israeli company Tower Semiconductor after failing to win Chinese regulatory approval; Intel announced the deal in February 2022 — – Deal for Tower Semiconductor needed Chinese antitrust approval — Intel Corp. walked away from its attempt … Lees verder op Tech Meme
Nico Grant / New York Times: Documents: Google DeepMind has been working with generative AI to perform at least 21 different types of personal and professional tasks, including life advice — The tech giant is evaluating tools that would use artificial intelligence to perform tasks that some of its researchers have said should be avoided. Lees verder op Tech Meme