The complicated calculus of taking Facebook’s venture money

Daily Crunch: Facebook faces an advertiser revolt

Facebook takes (small) steps to enhance its content material insurance policies as advertisers be part of a broad boycott, founder Alexis Ohanian is leaving Initialized Capital and Waze will get a brand new look.

Here’s your Daily Crunch for June 29, 2020.

1. As advertisers revolt, Facebook commits to flagging ‘newsworthy’ political speech that violates coverage

In a live-streamed phase of the corporate’s weekly all-hands assembly, CEO Mark Zuckerberg introduced new measures to combat voter suppression and misinformation. At the center of the coverage modifications is an admission that the corporate will proceed to permit politicians and public figures to disseminate hate speech that does, actually, violate Facebook’s personal pointers — however it should add a label to indicate they’re remaining on the platform due to their “newsworthy” nature.

This announcement comes as advertiser momentum in opposition to the social community’s content material and monetization insurance policies continues to develop, with Unilever and Verizon (which owns TechCrunch) each committing to tug promoting from Facebook.

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2. Alexis Ohanian is leaving Initialized Capital

Ohanian is leaving Initialized Capital to work on “a brand new mission that can help a era of founders in tech and past,” the agency mentioned in a press release to TechCrunch. According to Axios, Ohanian is leaving Initialized to work extra intently on pre-seed efforts.

3. Waze will get an enormous visible replace with a deal with driver feelings

The new look is way more colourful, and in addition foregrounds the power for particular person drivers to share their present feelings with Moods, a set of user-selectable icons (with an preliminary group of 30) that may replicate the way you’re feeling as you’re driving.

4. Amazon warehouse staff strike in Germany over COVID-19 circumstances

Amazon warehouse staff in Germany are placing for 48 hours this week, to protest circumstances which have led to COVID-19 infections amongst fellow workers. Strikes started in the present day at six warehouses and are set to proceed by way of the top of day Tuesday.

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5. Four views: How will the work visa ban have an effect on tech and which modifications will final?

Normally, the federal government would course of tens of hundreds of visa purposes and renewals in October in the beginning of its fiscal yr, however President Trump’s govt order all however ensures new visas received’t be granted till 2021. Four TechCrunch staffers analyzed the president’s transfer in an try to see what it portends for the tech trade, the U.S. economic system and our nationwide picture. (Extra Crunch membership required.)

6. Apple started work on the Watch’s handwashing characteristic years earlier than COVID-19

Unlike different rush initiatives undertaken by the corporate as soon as the virus hit, nonetheless, the forthcoming Apple Watch handwashing app wasn’t constructed in a single day. The characteristic was the results of “years of labor,” VP of Technology Kevin Lynch instructed TechCrunch.

7. This week’s TechCrunch podcasts

The newest full-length Equity episode discusses new funding rounds for Away and Sonder, whereas the Monday information roundup has the newest on the Rothenberg VC Scandal. And Original Content has a assessment of the second season of “The Politician” on Netflix.

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