Day: August 7, 2020

Daily Crunch: Trump bans transactions with ByteDance and Tencent

Trump escalates his campaign against Chinese tech companies, Facebook extends work from home until the middle of 2021 and Netflix adds support for Hindi. Here’s your Daily Crunch for August 7, 2020.

The big story: Trump signs orders banning US business with TikTok owner ByteDance and Tencent’s WeChat

Both orders will take effect in 45 days, but its specific impact is unclear since Secretary of Commerce Wilbur Ross will apparently not identify what transactions are covered until then.

This comes after Trump had already said that he was banning TikTok unless the app is sold to an American owner. (Specifically Microsoft, which has acknowledged that it’s in acquisition talks.)

TikTok hit back against the order by saying that it was “issued without any due process” and would risk “undermining global businesses’ trust in the United States’ commitment to the rule of law.”

The tech giants

Facebook extends coronavirus work from home policy until July 2021 — Facebook has joined Google in saying it will allow employees to work from home until the middle of next year as a result of the coronavirus pandemic.

Netflix’s latest effort to make inroads in India: Support for Hindi — Netflix has rolled out support for Hindi, a language spoken by nearly half a billion people in India.

Judge says Uber, Lyft preliminary injunction ruling to come in ‘a matter of days’ — Lyft argued that reclassifying drivers as employees would cause irreparable harm.

Startups, funding and venture capital

The rules of VC are being broken — The latest episode of Equity discusses “rolling funds” and how they could change the VC landscape.

Mashroom raises £4M for its ‘end-to-end’ lettings and property management service — The startup pitches itself as going “beyond the tenant-finding service” to include the entire rental journey.

Wendell Brooks has resigned as president of Intel Capital — Anthony Lin, who has been leading mergers and acquisitions and international investing, will take over on an interim basis.

Advice and analysis from Extra Crunch

How to pick the right Series A investors — It’s important for founders to get to know the people coming onto their board, and Jake Saper of Emergence Capital has some thoughts on how to do that.

IoT and data science will boost foodtech in the post-pandemic era — Three “must-dos” for post-pandemic retail grocers: rely on the data, rely on the biology and rely on the hardware.

Survey: Tell us what you think of Extra Crunch — Like Extra Crunch? Don’t like Extra Crunch? Tell us why!

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Everything else

Civic tech platform Mobilize launches a census hub for the 2020 count’s critical final stretch —The new site, GetOutTheCount.com, will amplify nonprofits’ census efforts and collect them in one place.

Federal judge approves ending consent decrees that prevented movie 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.

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 3pm Pacific, you can subscribe here.

Facebook just banned one of its biggest QAnon groups

Facebook just banned one of its biggest QAnon groups

Hundreds of thousands of advocates of the QAnon conspiracy theory are going to have to find a new online hangout.

The second largest QAnon group on Facebook has been banned from the platform, the social network announced Thursday. The group, called “Official Q/Qanon,” had nearly 200,000 members at the time of its removal. Facebook said it took the page down on Tuesday.

A Facebook spokesperson told Reuters that the group was banned over posts that repeatedly broke the platform’s rules on misinformation, harassment, and hate speech.

BBC journalist Shayan Sardarizadeh points out that the “Official Q/Qanon” group received more than 10 million engagements across 500,000 posts during the first 7 months of 2020. The group spiked in membership in early March, just as the full-force of the coronavirus pandemic began to hit the United States. Read more…

More about Facebook, Donald Trump, Social Media, Conspiracy Theories, and Qanon

The celebrity COVID calendar meme is here and it’s bleak as hell

The celebrity COVID calendar meme is here and it's bleak as hell

A whole new slew of horrors comes with each month of 2020, and those horrors inspire some hilariously sad memes.

There’s been depressing and relatable memes about Zoom fatigue and losing all concept of time, and now, thanks to Reese Witherspoon, a new 2020 mood meme is making the rounds on Twitter.

The meme, which I refer to as a “2020 Mood of the Month Forecast,” shows a grid of nine photos. Each photo is labeled with a month of the year, and in the photos get increasingly more dramatic as time passes.

The January photo is all well and good. The February photo shows a spark of concern. And from March to September, everything visibly goes downhill. (It’s unclear why the meme ends after September, but we’re hoping it’s not a sign that the world will be ending before October.) Read more…

More about Twitter, Memes, Mindy Kaling, Reese Witherspoon, and Kerry Washington