Twitter walks back New York Post decision – ProWellTech
A New York Post story forces social platforms to create (and in Twitter case, on the contrary) some tough choices, Sony announces a new 3D display, and fitness startup Future raises $ 24 million. This is your Daily Crunch for October 16, 2020.
The big story: Twitter picks up on the New York Post decision
A recent New York Post story about a cache of emails and other data allegedly coming from a laptop belonging to Joe Biden’s son Hunter looked suspicious from the start, and more holes emerged over time. But it also put the large social media platform in an awkward position, as both Facebook and Twitter took steps to limit users’ ability to share the story.
Twitter, in particular, took a more aggressive stance, blocking links and images in the Post story because it allegedly violated the platform’s “compromised materials policy”. This has led to predictable complaints from Republican politicians, and even Twitter CEO Jack Dorsey said blocking links in direct messages without an explanation was “unacceptable.”
As a result, the company said it is changing the aforementioned policy on compromised materials. It will no longer remove compromised content unless it has been shared directly by hackers or those who “act in concert with them”. If not, it will tag the tweets to provide context. As of today, it also allows users to share links to the post story.
The tech giants
Sony’s $ 5,000 3D Display (Probably) Isn’t For You – The company is targeting creative professionals with its new space reality display.
The expiration of the EU’s Google-Fitbit antitrust decision has been brought forward in 2021: EU regulators now have until January 8, 2021 to make a decision.
Startups, financing and venture capital
Elon Musk’s Las Vegas Loop Could Only Carry a Fraction of the Passengers He Promised – Schedule files reviewed by ProWellTech seem to show The Boring Company’s Loop system will not be able to move close to the number of people the company agreed.
Future raises $ 24 million from Series B for its $ 150 / month workout training app during home fitness boom – Future offers an expensive subscription that virtually unites users with a real fitness trainer.
Lawmatics Raises $ 2.5 Million to Help Lawyers Market – The San Diego startup is building marketing and CRM software for lawyers.
Tips and analysis from Extra Crunch
How COVID-19 and the ensuing recession are affecting founders – The sharp decline in available capital is slowing the pace at which women start new companies in the COVID-19 era.
Startup Founders Created Hacker Homes To Recreate Silicon Valley Synergy – Hackers Homes seem like a nostalgic attempt to recreate some of the synergies that COVID-19 erased.
Private Equity Firms Can Offer Business Startups a Viable Exit Option – The question about the IPO or acquisition isn’t always a proposition or proposition.
(Reminder: Extra Crunch is our membership subscription program, which aims to democratize information about startups. You can sign up here.)
All the rest
FAA Simplifies Commercial Launch Rules to Keep Rockets in Flight – With rockets being launched in greater numbers and varieties and from multiple vendors, it makes sense to take out some red tape.
Now we need universal transparency of digital ads – Fifteen researchers propose a new standard for advertising disclosures.
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