Daily Crunch: Facebook cuts off news-sharing in Australia

Daily Crunch: Facebook cuts off news-sharing in Australia

Facebook performs hardball in Australia, Epic Games expands its battle towards Apple and New York’s legal professional common sues Amazon. This is your Daily Crunch for February 17, 2021.

The large story: Facebook cuts off news-sharing in Australia

In response to a proposed regulation forcing web platforms to pay information publishers straight, Facebook introduced right now that Australian customers will be unable to share or view information hyperlinks.

In its submit, Facebook drew a direct distinction with the opposite large firm focused by the regulation, with managing director for Facebook Australia and New Zealand William Easton writing, “Google Search is inextricably intertwined with information and publishers don’t voluntarily present their content material. On the opposite hand, publishers willingly select to submit information on Facebook, because it permits them to promote extra subscriptions, develop their audiences and improve promoting income.”

The tech giants

Epic Games takes its Apple App Store battle to Europe — The Fortnite-maker has lodged a criticism with the bloc’s antitrust regulators.

Read More:  Leaked S-1 screenshots show Palantir losing $579M in 2019

NY AG sues Amazon over remedy of warehouse staff — The go well with alleges that Amazon failed to offer ample well being and security measures in two New York services, and that it unlawfully disciplined and fired staff who complained.

Google Maps customers can now pay for parking or their transit fare proper from the app — This is a part of an expanded partnership with transportation software program corporations Passport and ParkMobile.

Startups, funding and enterprise capital

Locus Robotics has raised a $150M Series E — The spherical values the robotics firm at $1 billion.

SpaceX reportedly raises $850M in new funding — This is an enormous spherical by most requirements, however not by SpaceX’s.

Jet co-founder Nate Faust is constructing a extra sustainable e-commerce expertise with Olive — Faust mentioned it’s “loopy” that 25 years after the e-commerce business started, it’s nonetheless counting on “single-use, one-way packaging.”

Advice and evaluation from Extra Crunch

Dear Sophie: Tips for submitting for a inexperienced card for my soon-to-be partner — The newest version of “Dear Sophie,” the recommendation column that solutions immigration-related questions on working at know-how corporations.

Read More:  Descript raises $30M to build the next generation of video and audio editing tools

With software program markets getting larger, will extra VCs wager on competing startups? — Back within the days when inside rounds had been unhealthy, SPACs had been jokes and crypto a fever dream, there was a lot of noise about buyers who declined to position competing bets in any specific startup market.

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

Everything else

Jamaica’s immigration web site uncovered 1000’s of vacationers’ knowledge — Immigration paperwork and COVID-19 lab outcomes had been left unprotected.

Reducing the unfold of misinformation on social media: What would a do-over appear like? — Ideas from the workforce at Irrational Labs.

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