Manish Singh / TechCrunch:
Investigation shows how dubious Twitter accounts with cultish followings can cause sudden surges in trading for penny stocks after endorsing them — “ALERT!!!”, shouted a Twitter post on February 3 by a user called Alexander Delarge, whose profile picture is the sociopathic protagonist with a similar name from A Clockwork Orange.
Miles Parks / NPR:
Mental health experts, disagreeing with Mark Zuckerberg, increasingly see a correlation between poor mental health and social media use, call for more research — Rep. Cathy McMorris Rodgers´ biggest fear as a parent isn´t gun violence, or drunk driving, or anything related to the pandemic.
Ingrid Lunden / TechCrunch:
Extend, which helps e-commerce retailers and businesses like Peloton offer extended warranties using APIs, raises $260M Series C, valuing the startup at $1.6B+ — A company that has built a new approach to the business of extended warranties — providing a cost-effective and efficient …
Catherine Shu / TechCrunch:
BukuKas, whose app offers digital bookkeeping, online payments, and e-commerce services to small businesses in Indonesia, raises $50M Series B — BukuKas, a startup focused on digitizing Indonesia´s small businesses, has raised $50 million in Series B funding.
Charlie Savage / New York Times:
Court doc: Twitter fought a subpoena from DOJ under Trump to identify the person behind an account mocking Rep. Devin Nunes; source: DOJ under Biden withdrew — An unsealed court filing shows that the social media company fought the subpoena, which the Biden administration is said to have withdrawn.
Sean Hollister / The Verge:
Phil Schiller testifies that the App Store drove $400B in physical sales in 2019, which Apple did not take a cut of, and Apple spends ~$50M per year on WWDC — And it spends $50 million on WWDC — Apple is trying to convince a judge that it´s not milking the App Store for all it´s worth …
Matt Levine / Bloomberg:
Elon Musk is either trading on his unique ability to move the price of Bitcoin and Dogecoin, or just trolling, and both scenarios are bizarre and incredible — Oh Elon — I am sorry to keep talking about it because it is so stupid, but there really is something unprecedented and amazing …
Wall Street Journal:
As Epic and Apple face off in the antitrust trial, a snapshot of the app economy behind the fight — Antitrust lawsuit targets how much the iPhone maker collects in fees from developers, as mobile app marketplaces have grown into multibillion-dollar businesses
The Economic Times:
Indian B2B e-commerce marketplace Moglix raises $120M Series E at a $1B valuation, bringing its total raised to $220M — Business-to-business . commerce platform Moglix has raised $120 million in a new financing round led by Falcon Edge and Harvard Management Company at a valuation of $1 billion.