Facebook threatens to block news sharing in Australia as it lobbies against revenue share law

Daily Crunch: Facebook brings news sharing back to Australia

The Facebook-Australia information battle appears to have reached an finish, Android will get an replace and Lucid Motors goes public by way of SPAC. This is your Daily Crunch for February 23, 2021.

The huge story: Facebook brings information sharing again to Australia

Last week, Facebook responded to the Australian authorities’s proposed regulation requiring web platforms to strike revenue-sharing agreements with information publishers by blocking information sharing and viewing for customers within the nation. But with the federal government amending the regulation, Facebook mentioned it’ll restore information sharing within the “coming days.”

Among different issues, the amendments name for a two-month mediation interval earlier than Facebook is pressured into arbitration with publishers, and it additionally says the federal government will take into account industrial agreements that the platforms have made with native publishers earlier than deciding whether or not the regulation applies to them.

William Easton, Facebook’s managing director for Australia and New Zealand, mentioned in a press release that the amendments handle “core issues about permitting industrial offers that acknowledge the worth our platform supplies to publishers relative to the worth we obtain from them.”

Read More:  The FBI is mad because it keeps getting into locked iPhones without Apple’s help

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 warn you to passwords you’re utilizing which have been beforehand uncovered.

Twitter relaunches check that asks customers to revise dangerous replies — Twitter is operating a brand new check that may ask customers to pause and suppose earlier than they tweet.

Area 120 is starting to make use of Google’s large 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 supplies shipping-related companies to e-commerce corporations.

Read More:  In public and private markets, cloud earnings and valuations heat up

Reddit ups Series E spherical by one other $116M — Reddit had already introduced a $250 million Series E earlier this month.

Advice and evaluation from Extra Crunch

How to beat the challenges of switching to usage-based pricing — The usage-based pricing mannequin virtually appears like a cheat code, in line with OpenView’s Kyle Poyar.

Oscar Health’s preliminary IPO value is so excessive, it makes me wish 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 possibly can flip it right into a compelling message.

(Extra Crunch is our membership program, which helps founders and startup groups get forward. You can enroll right here.)

Everything else

Announcing the entire agenda for TC Sessions: Justice — Our second-ever devoted occasion to range, fairness, inclusion and labor in tech is arising on March 3.

Read More:  With three unicorns under its belt, Hoxton Ventures outs ~$100M second fund

Six Miami-based traders share their views on the area’s startup scene — Investors see an enormous alternative for the area to develop into a serious startup hub by using its numerous 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. area company NASA and the Federal Aviation Administration as a part of a wider espionage marketing campaign.

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