Why each Libra member’s mutiny hurts Facebook

There’s a strategic cost to the defection of Visa, Stripe, eBay, and more from the Facebook-led cryptocurrency Libra Association. They’re not just names dropping off a list. Each potentially made Libra more useful, ubiquitous, or reputable. Now they could become obstacles to the token’s launch or growth. Fearing regulators’ inquiries not just into their Libra […]

California’s Privacy Act: What you need to know now

This week California’s attorney general, Xavier Becerra, published draft guidance for enforcing the state’s landmark privacy legislation. The draft text of the regulations under the California Consumer Privacy Act (CCPA) will undergo a public consultation period, including a number of public hearings, with submissions open until December 6 this year. The CCPA itself will take […]

Daily Crunch: Apple pulls Hong Kong app

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. Apple pulls HKmap from App Store, the day after Chinese state media criticized its ‘unwise and reckless decision’ to approve it […]

Facebook sure does love free $peech

Ensuring politicians in the 2020 election stay truthful is hard work, so Facebook has decided it’s going to sit this one out. Joe Biden’s campaign team sent a letter to CEO Mark Zuckerberg, COO Sheryl Sandberg and global elections policy chief Katie Harbath that essentially called on the company to take down a Trump campaign […]

Silicon Valley’s competing philosophies on tech ethics with The New Yorker’s Andrew Marantz

“If Silicon Valley is going to keep telling itself the story that the only uses of their technology will be the most optimistic, the most hopeful, the most salubrious, the most prosocial,” New Yorker staff writer Andrew Marantz told me in Part 1 of this recent conversation for Extra Crunch, “you can try to rebut […]

Daily Crunch: China pressures Apple

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. China attacks Apple for allowing Hong Kong crowdsourced police activity app Apple’s decision to greenlight an app called HKmaps, which is […]

Europe’s recharged antitrust chief makes her five-year pitch to be digital EVP

Europe’s competition commissioner Margrethe Vestager, set for a dual role in the next Commission, faced three hours of questions from members of four committees in the European Parliament this afternoon, as MEPs got their chance to interrogate her priorities for a broader legislative role that will shape pan-EU digital strategy for the next five years. […]

Checking in on the state of ISAs

Income share agreements (ISAs) rose to public awareness this year — if measured in press articles and discussion on “VC Twitter” — after several years of niche experimentation among a small community of education advocates. An ISA in a financing model where the student participates in an education program without paying tuition, then pays a […]

How ‘the Internet broke America’ with The New Yorker’s Andrew Marantz

When Elizabeth Warren took on Mark Zuckerberg and Facebook earlier this week, it was a low moment for what New Yorker writer Andrew Marantz calls “techno-utopianism.” That the progressive, populist Massachusetts Senator and leading Democratic Presidential candidate wants to #BreakUpBigTech is not surprising. But Warren’s choice to spotlight regulating and trust-busting Facebook was nonetheless noteworthy, […]

Daily Crunch: Facebook faces government pressure over encryption

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. Facebook is being leaned on by US, UK, Australia to ditch its end-to-end encryption expansion plan U.S. Attorney General William Barr, […]