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Daily Crunch: Trump bans transactions with ByteDance and Tencent | #1 Technology News Source by Kalen2utech
Published On: Sat, Aug 8th, 2020

Daily Crunch: Trump bans exchange with ByteDance and Tencent

Trump escalates his debate opposite Chinese tech companies, Facebook extends work from home until a center of 2021 and Netflix adds support for Hindi. Here’s your Daily Crunch for Aug 7, 2020.

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

Both orders will take outcome in 45 days, though a specific impact is misleading given Secretary of Commerce Wilbur Ross will apparently not brand what exchange are lonesome until then.

This comes after Trump had already pronounced that he was banning TikTok unless a app is sole to an American owner. (Specifically Microsoft, that has concurred that it’s in merger talks.)

TikTok strike behind opposite a sequence by observant that it was “issued but any due process” and would risk “undermining tellurian businesses’ trust in a United States’ joining to a order of law.”

The tech giants

Facebook extends coronavirus work from home process until Jul 2021 — Facebook has assimilated Google in observant it will concede employees to work from home until a center of subsequent year as a outcome of a coronavirus pandemic.

Netflix’s latest bid to make inroads in India: Support for Hindi — Netflix has rolled out support for Hindi, a denunciation oral by scarcely half a billion people in India.

Judge says Uber, Lyft rough claim statute to come in ‘a matter of days’ — Lyft argued that reclassifying drivers as employees would means lost harm.

Startups, appropriation and try capital

The manners of VC are being damaged — The latest part of Equity discusses “rolling funds” and how they could change a VC landscape.

Mashroom raises £4M for a ‘end-to-end’ lettings and skill government use — The startup pitches itself as going “beyond a tenant-finding service” to embody a whole let journey.

Wendell Brooks has quiescent as boss of Intel Capital — Anthony Lin, who has been heading mergers and acquisitions and general investing, will take over on an halt basis.

Advice and research from Extra Crunch

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

IoT and information scholarship will boost foodtech in a post-pandemic epoch — Three “must-dos” for post-pandemic sell grocers: rest on a data, rest on a biology and rest on a hardware.

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

(Reminder: Extra Crunch is a subscription membership program, that aims to democratize information about startups. You can pointer adult here.)

Everything else

Civic tech height Mobilize launches a census heart for a 2020 count’s vicious final widen —The new site, GetOutTheCount.com, will amplify nonprofits’ census efforts and collect them in one place.

Federal decider approves finale agree decrees that prevented film studios from owning theaters — U.S. District Court Judge Analisa Torres cited a arise of streaming services like Netflix as one of a reasons for her decision.

The Daily Crunch is TechCrunch’s roundup of a biggest and many vicious stories. If you’d like to get this delivered to your inbox each day during around 3pm Pacific, we can allow here.

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