Tag: Government
Grindr sold by Chinese owner after US raised national security concerns
Chinese gaming giant Beijing Kunlun has agreed to sell popular gay dating app Grindr for about $608 million, ending a tumultuous four years under Chinese ownership. Reuters reports that the Chinese company sold its 98% stake in Grindr to a U.S.-based company, San Vicente Acquisition Partners. The app, originally developed…
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India’s Yes Bank breakdown disrupts Walmart’s PhonePe among a dozen other services
Tens of millions of merchants and users in India are struggling to make online transactions and use some of their popular services after the nation’s central bank seized control of Yes Bank, the fourth largest lender in the country. The emergency takeover of the private sector bank has disrupted several…
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US threatens to pull big tech’s immunities if child abuse isn’t curbed
The Department of Justice is proposing a set of voluntary principles that take aim at tech giants in an effort to combat online sexual abuse. The principles are part of a fresh effort by the government to hold the tech companies accountable for the harm and abuse that happens on…
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Arweave’s permaweb stops coronavirus censorship, raises $8M
The Chinese government has been removing criticism of its coronavirus response from apps like Weibo, the local equivalent of Twitter. But before it can, that content is being saved, decentralized, and highlighted thanks to Arweave’s permaweb. Today it’s announcing another $8.3 million in funding from Andreessen Horowitz, Union Square Ventures,…
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US Congress approves $8.3 billion in emergency funding for coronavirus response
Congress on Wednesday approved $8.3 billion in emergency funding to respond to the spreading novel coronavirus, COVID-19, which has already sickened 80 people across 13 states and killed nine in the U.S. alone. More than $3 billion of that funding will go to the research and development of vaccines, therapeutics…
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India restores social media access in Kashmir for 2 weeks
For the first time in eight months, people in Kashmir can use WhatsApp, Facebook, Twitter and other social media services without any fear or use of specialized software — though things are not back to normal yet. India said on Wednesday that it has temporarily lifted the ban on social…
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