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Myanmar’s government extends its internet crackdown, Microsoft’s lobbying arm blacklists presidential election objectors and Dublin’s Frontline Ventures raises a new fund. This is your Daily Crunch for February 5, 2021. The big story: Myanmar blocks Twitter and Instagram The military government in Myanmar recently told telecom operators and internet service providers to block access to […]
Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s broadly based on the daily column that appears on Extra Crunch, but free, and made for your weekend reading. Want it in your inbox every Saturday morning? Sign up here. Ready? Let’s talk money, startups and spicy IPO rumors. It’s been a bizarre few […]
How the GameStop stonkathon helped Robinhood raise $3.4B last week Robinhood has shown an impressive ability to raise enormous amounts of capital in the past few weeks to ensure it has the funds needed to allow users to trade and, presumably, provide it with enough cash until it goes public. Raising $3.4 billion so quickly is an extraordinary feat. But how the company managed to get investors to wire money with such alacrity has been a curiosity; what about Robinhood was so compelling that giving it a multibillion dollar injection was such an obvious decision? We got a whiff of it when we pa...
The big story: TikTok will downrank ‘unsubstantiated’ claims TikTok had already said it would try to reduce misinformation by removing videos flagged by fact checkers for including false information. Today it announced that it will go a step further by flagging videos where the fact checkers’ findings are inconclusive. For example, the company said that there are cases where fact checkers cannot verify information in a video because events are still unfolding. Those “unsubstantiated” videos will then include a large banner, as well as an additional reminder prompt before users will ...
Extra Crunch is now hiring for reporter, editor and project manager positions [Editor’s note, 3/3/2021: These positions have been filled, thanks everybody who applied!] Extra Crunch is about to turn two years old and we now have a lot of demanding subscribers. Readers tell us that they want more articles — in even more depth — about the latest trends in early-stage startups and tech industries around the world. We’re hiring for three key additional roles right now to help make this happen, including a project manager, a daily reporter. If you think one of these positions is for you,...