[NEWS] Daily Crunch: Facebook and Libra go to Washington – Loganspace

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1.Highlights from Fb’s Libra Senate hearing

David Marcus, the head ofFb’sblockchain subsidiary Calibra, testified earlier than the Senate Banking Committee at present time. He said Calibra will likely be interoperable, so users can send money from aspect to aspect with varied wallets, and he committed to recordsdata portability, so users can swap totally to a competitor.

At the similar time, Marcus said Fb will embed very best its have pockets into its messaging apps Messenger and WhatsApp, which would possibly perchance give the company a immense advantage.

2.Twitter.com launches its mighty redesign with extra helpful navigation and additional beneficial properties

The corporate has been attempting out a novel version of its desktop internet internet page since the beginning of the one year, and the day gone by, the final product started rolling out to the general public.

3.Blackstone is acquiring mobile ad company Vungle

Just a few sources with recordsdata of the deal said that the acquisition designate used to be north of $750 million. As section of the transaction, Vungle has also reached a settlement with founder Zain Jaffer, who filed a wrongful termination lawsuit in opposition to the company earlier this one year.

4.Curve, the ‘over-the-high’ banking platform, raises $55M at a $250M valuation

The startup potential that you just can consolidate all of your financial institution cards right into a single Curve card and app to accomplish it less complicated to preserve an eye on your spending and salvage admission to varied benefits.

5.Meredith Whittaker, AI researcher and an organizer of final one year’s Google walkout, is leaving the company

Whittaker and one more no doubt one of the precious walkout’s organizers, Claire Stapleton, beforehand said they had confronted retaliation from Google after the direct. Diversified workers also claimed they had skilled fallout as a results of their participation, which Google denied.

6.Newsletter platform Substack raises $15.3M round led by a16z

Though Substack started out two years within the past as a technique to turn newsletters right into a paid subscription commercial, it’s since added make stronger for podcasts and dialogue threads. As CEO Chris Easiest attach apart it, the diagram is to allow writers and creators to mosey their very have “private media empire.”

7.Why commerce companies are the promoting players to behold in a privacy-centric world

We’re witnessing the beginning of a sweeping upheaval in how companies are allowed to scheme, route of, handle, exhaust and promote client recordsdata, and the implications for the digital ad competitive landscape are wide. (Additional Crunch membership required.)