A peek into China’s stance on web3
Web3 has come to be known as the internet built on decentralized blockchains that power applications like cryptocurrencies and NFTs. The catch-all term is sometimes used interchangeably with crypto, but in China, the government is pursuing its own path in web3 that so far has excluded all things crypto-related. Earlier
Read moreYouTube rolls back its rules against election misinformation
YouTube was the slowest major platform to disallow misinformation during the 2020 U.S. election and almost three years later, the company will toss that policy out altogether. The company announced Friday that it would reverse its rules around election denialism, allowing some previously prohibited false claims, effective immediately. Axios first
Read moreGig workers get paid, Fidelity slashes Reddit’s valuation and AI conquers Minecraft
Hey, folks, welcome to Week in Review (WiR), TechCrunch’s regular newsletter that recaps the week in tech. Hope the summer’s treating y’all well — it’s a balmy 90 degrees here in NYC! — and that some much-needed R&R is on the agenda. Speaking of “agenda,” mark your calendars for Disrupt,
Read moreIs AI ever too much AI?
W elcome to the TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by the daily TechCrunch+ column where it gets its name. Want it in your inbox every Saturday? Sign up here. This week, I explore how one VC is feeling about a big chunk of her portfolio pivot into
Read moreDeal Dive: Doing venture math on the non-alcoholic spirits industry
Hangovers suck. Especially so for those who felt pressured to drink the alcohol that inevitably caused the hangover to begin with. Drinking is slowly starting to fall out of fad, especially among younger generations. According to 2022 Gallup polling, 60% of adult Americans drink alcohol. This is down from 65%
Read moreGary Vaynerchuk expects NFTs to expand beyond digital collectibles long term
Welcome back to Chain Reaction, a podcast that unpacks and dives deep into the latest trends, drama and news with some of the biggest names in crypto breaking things down block by block for the crypto curious. For this week’s episode, Jacquelyn interviewed Gary Vaynerchuk, better known as Gary Vee.
Read moreTesla says all new Model 3s now qualify for full $7,500 tax credit
All new Tesla Model 3 vehicles will now qualify for the full $7,500 federal EV tax credit, according to a change in Tesla’s website. The EV tax credits were mandated by Congress last August as part of the Inflation Reduction Act, with the goal of ending U.S. reliance on China for
Read moreT. Rowe Price has marked down its stake in Canva by 67.6%
Blackbird, one of Australia’s largest venture operations, marked down the value of one of its most prized stakes, in the Sydney-based design platform Canva. Valued at $40 billion by investors in a $200 million round in the fall of 2021, Blackbird adjusted its own valuation of the company 36% to
Read moreCompetition concerns in the age of AI
Henry Hauser Contributor Share on Twitter Henry Hauser is counsel in Perkins Coie’s antitrust and litigation practice groups and has significant experience working on matters related to antitrust investigations and litigation under Sections 1 and 2 of the Sherman Act and Section 7 of the Clayton Act. Shylah Alfonso Contributor
Read moreMeta found liable as court blocks firing of moderators
A Kenyan court has ruled that Meta is the primary employer of content moderators suing the social media giant and its content review partner in Africa, Sama, for unlawful dismissal. The 184 moderators, in the suit filed in March this year, also alleged that Meta’s new content review partner on
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