Facebook brings news sharing back to Australia – TechCrunch

The Facebook-Australia news battle seems to be over, Android is getting updates, and Lucid Motors will be published via SPAC. This is the Daily Crunch on February 23, 2021.

Big Story: Facebook Brings News Sharing Back to Australia

Last week, Facebook responded to a law proposed by the Australian Government that requires Internet platforms to enter into revenue sharing agreements with news publishers by blocking news sharing and viewing by domestic users. But when the government amends the law, Facebook said it will restore news sharing In the next few days. “

Among other things, the amendment requires a two-month mediation period before Facebook is forced to arbitrate with publishers, and the platform publishes locally before the government decides whether the law applies. It also states that it will consider a commercial agreement with the company.

In a statement, Facebook’s managing director of Australia and New Zealand, William Easton, said the proposed amendment was “a key to allowing commerce to recognize the value the platform provides to publishers compared to the value it receives from publishers. He said he was addressing “concerns.”

High tech giant

The latest Android update will allow you to schedule text, password protect, etc. — This update integrates a feature called password checkup to warn you of previously published passwords in use.

Twitter resumes testing asking users to fix harmful replies — Twitter is running a new test that asks users to pause and think before tweeting.

Area 120 is starting to extend the HTML5 GameSnacks platform with Google’s massive reach — GameSnacks is an HTML5 game platform with bite-sized titles and much faster loading.

Startups, Financing, Venture Capital

Lucid Motors Signs SPAC Agreement, Unveiled at $ 24 Billion Valuation — This will be the biggest deal ever between a blank check company and an electric car startup.

Shippo raises another $ 45 million at a valuation of $ 495 million as an e-commerce boom — Startups provide shipping-related services to e-commerce companies.

Reddit Raises Series E Round by Another $ 116 Million —Reddit had already announced a $ 250 million Series E earlier this month.

Advice and analysis from extra crunch

How to Overcome the Challenge of Switching to Usage-Based Pricing — According to OpenView’s Kyle Poyar, usage-based pricing models feel almost like cheat codes.

Oscar Health’s initial IPO price is so high that you’ll want to swear —Alex Wilhelm doesn’t chop up the phrase “public investors have fainted”.

RIBS: Messaging framework for all enterprises and products — The test is designed to tell you if the story is memorable, so you can turn it into a compelling message.

(Extra Crunch is a membership program that helps founders and start-up teams move forward. You can sign up from here.. )

Everything else

Announced the full agenda of the TC session: Justice — On March 3rd, there will be a second dedicated event on technology diversity, fairness, inclusion and labor.

Six Miami-based investors share views on the region’s startup scene — Investors are seeing great opportunities to make the region a major startup hub by leveraging its diverse workforce and excellent quality of life.

SolarWinds hacker targeted NASA, Federal Aviation Administration network — Hackers are alleged to have invaded the US space agency NASA and the Federal Aviation Administration’s network as part of a broader espionage campaign.

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