Trump escalates his campaign against Chinese tech company, Facebook extends home work until mid-2021 and Netflix supports Hindi. Here is your daily crisis for August 7th, 2020.
The big story: Trump signs orders to ban US business with TikTok Owner ByteDance and Tencent & # 39; s WeChat
Both orders will take effect in 45 days, but their specific implications are unclear as Commerce Secretary Wilbur Ross appears not to identify which transactions are covered by then.
This comes after Trump already said he would ban TikTok unless the app is sold to an American owner. (Specifically, Microsoft, which has confirmed that these are acquisition talks.)
TikTok hit back against the order, saying it was "issued without due process" and "could undermine global business confidence in the United States' commitment to the rule of law."
The technology giants
Facebook is extending coronavirus work from home until July 2021 – Facebook has joined Google and stated that due to the coronavirus pandemic, employees will be able to work from home until the middle of next year.
Netflix 'Recent Efforts to Gain a Foothold in India: Support for Hindi – Netflix introduced support for Hindi, a language spoken by nearly half a billion people in India.
Judge tells Uber Lyft's injunction is due in "a few days" – Lyft argued that reclassifying drivers as employees would cause irreparable harm.
Startups, funding and venture capital
Breaking the Rules of VC – The latest installment of Equity discusses "rolling funds" and their possible changes in the VC landscape.
Mashroom raises £ 4m for its "end-to-end" rental and property management service – the startup believes it will "go beyond the tenant locator" and encompass the entire rental trip.
Wendell Brooks has stepped down as President of Intel Capital – Anthony Lin, who led mergers and acquisitions and international investments, will temporarily take over.
Advice and analysis of extra crunch
How to Pick the Right Series A Investors – It's important for founders to get to know the people who come to their board, and Emergence Capital's Jake Saper has some thoughts on this.
IoT and data science will boost food technology in the post-pandemic era – three “must-dos” for post-pandemic grocers: Rely on the data, Rely on the biology, and Rely on the hardware.
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Civic Tech Platform Mobilize Launches Census Hub For The Critical End Of The Census In 2020 – The New GetOutTheCount.com Website Will Boost Nonprofits Census Efforts And Collect In One Place.
The federal judge approves the termination of the consent ordinances that prevented film studios from owning theaters. U.S. District Court judge Analisa Torres cited the rise of streaming services like Netflix as one of the reasons for her decision.
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