Daily Crunch: Twitter Blue’s New Feature to Reduce ads by 50% for Paid Subscribers, reportedly
The TechCrunch article covers Twitter’s new features for Blue subscribers, the UK’s Competition and Markets Authority’s scrutiny of Amazon’s iRobot acquisition, the Indian government’s crackdown on misinformation on social media, and updates from the world of startups and venture capital. The article highlights Nestlé’s acquisition of meal replacement startup Yfood and Canaan’s new funds totaling $850 million. The piece provides a brief overview of the latest developments in the technology industry.
TechCrunch is a leading publication that reports on the latest developments in the world of technology, startups, and venture capital. In this particular article, the focus is on Twitter’s new features for Blue subscribers, the UK’s Competition and Markets Authority’s scrutiny of Amazon’s iRobot acquisition, the Indian government’s crackdown on misinformation on social media, and updates from the world of startups and venture capital.
Twitter’s New Features for Blue Subscribers
Twitter has announced some new features for its Blue subscribers, including showing 50% of the ads in their timeline compared to what nonpaid users see. This move is seen as an attempt to incentivize users to subscribe to the premium service. However, it remains to be seen if this move will actually work and if Twitter will be able to retain its Blue subscribers over the long term.
UK’s Competition and Markets Authority Scrutinizes Amazon’s iRobot Acquisition
The UK’s Competition and Markets Authority is taking a closer look at Amazon’s $1.7 billion acquisition of iRobot to determine whether there is any threat of less competition. This move comes after concerns were raised that the acquisition could lead to less competition in the market and stifle innovation. The CMA is expected to come to a decision in the coming weeks.
Indian Government Cracks Down on Misinformation on Social Media
The Indian government has called on Facebook, Twitter, and other social media companies to crack down on the spread of misinformation on their platforms. This crackdown now includes online betting games, which have become increasingly popular in recent years. The government’s move is seen as an attempt to regulate the spread of fake news and misinformation, which has become a major problem on social media platforms.
Updates from the World of Startups and Venture Capital
In other news, Nestlé has acquired meal replacement startup Yfood in a deal that values the company at $469 million. The acquisition is seen as a significant milestone for the food tech community, which has been exploring new approaches to sourcing, preparing, selling, and distributing food and drinks.
Meanwhile, Canaan has closed two new funds totaling $850 million – its 12th flagship fund for early-stage tech and healthcare startups, and an opportunity fund. The latter is raising some eyebrows, as some institutional investors have expressed concerns that they do not like later-stage funds hosted by early-stage investors, as it complicates their ability to properly diversify their own investments. Nevertheless, venture capital firms are continuing to amass big funds, with S2G Ventures also announcing a new fund.
Conclusion
Overall, this article provides a brief overview of some of the major news stories and developments in the world of technology, startups, and venture capital. From Twitter’s new features for Blue subscribers to the Indian government’s crackdown on misinformation on social media, it is clear that these industries are constantly evolving and changing. With new startups emerging and venture capital firms continuing to amass big funds, it will be interesting to see what the future holds for these industries and the wider world of tech.
