Tech executives face Congress, Spotify will get a redesign and Snapchat is creating a brand new Remix characteristic. That is your Day by day Crunch for March 25, 2021.
The large story: Zuckerberg defends Fb over position in Capitol assault
Fb’s Mark Zuckerberg, Twitter’s Jack Dorsey and Google’s Sundar Pichai appeared at a listening to as we speak with the Home Vitality and Commerce Committee on the theme of misinformation, significantly the position that their platforms might have performed within the Capitol assault by permitting lies and extremism to unfold.
In his opening assertion, Zuckerberg advocated for reforms to Part 230 and stated that Fb “did our half” to guard final yr’s presidential election, placing the blame for the Capitol riots squarely on former President Donald Trump.
Pressed by Rep. Mike Doyle (D-PA) on whether or not Fb bears some accountability, Zuckerberg replied, “I feel the accountability lies with the individuals who took the actions to interrupt the legislation and do the revolt. Secondarily, additionally with the individuals who unfold that content material, together with the president however others as effectively, with repeated rhetoric over time, saying that the election was rigged and inspiring folks to prepare, I feel that these folks bear the first accountability as effectively.”
The tech giants
Spotify rolls out redesigned desktop and net apps — General, the replace offers the Spotify app a extra streamlined, much less cluttered feel and look.
Snapchat is creating its personal tackle TikTok Duets with a brand new ‘Remix’ characteristic — This characteristic will permit customers to create new content material utilizing their buddies’ Snaps.
Startups, funding and enterprise capital
PPRO extends newest spherical to $270M, including JPMorgan and Eldridge to develop its localized funds platform — PPRO’s core product is a set of APIs that e-commerce firms can combine into their check-outs to simply accept funds in no matter native strategies and currencies customers desire.
Notarize raises $130M, tripling valuation on the again of 600% YoY income development — When the world shifted towards digital a yr in the past, one service specifically noticed heated demand: distant on-line notarization.
Everlywell acquires two healthcare firms and varieties father or mother Everly Well being — The brand new father or mother entity will now supply companies together with at-home lab testing kits and training, population-scale testing via a U.S.-wide clinician community, telehealth and a payer-supported/enterprise self-collected lab take a look at.
Recommendation and evaluation from Additional Crunch
Automakers, suppliers and startups see rising marketplace for in-vehicle AR/VR functions — A brand new battle for market share is rising inside automobiles.
How VC and personal fairness funds can launch portfolio-acceleration platforms — Virtually each personal fairness and enterprise capital investor now advertises that they’ve a platform to assist their portfolio firms.
Will fading YOLO sentiment affect Robinhood, Coinbase and different buying and selling platforms? — What occurs to sizzling fintech startups which have benefited from an increase in client buying and selling exercise if common people lose curiosity in monetary wagers?
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Every thing else
FatFace tells prospects to maintain its information breach ‘strictly personal’ — Clothes big FatFace had an information breach, however it doesn’t need you to inform anybody about it.
EV makers oppose delay to automotive emissions penalty enhance — Electrical car producers are pushing again towards a choice to delay penalty will increase for automakers who fail to fulfill gas effectivity requirements.
New York strikes to legalize leisure marijuana — New York State officers struck a cope with Gov. Andrew Cuomo to permit leisure use of hashish.
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