The Facebook-Australia news battle appears to be over, Android is getting an update, and Lucid Motors is going public through SPAC. This is your Daily Crisis of February 23, 2021.
The big story: Facebook is bringing news sharing to Australia
Facebook last week responded to the Australian government’s bill requiring internet platforms to enter into revenue-sharing agreements with news publishers by blocking news sharing and viewing for users across the country. But with the government changing the law, Facebook said it would restore news sharing in the “coming days.”
Among other things, the amendments call for a two-month mediation period before Facebook is forced into arbitration with publishers, and it also says the government will review the trade deals that platforms have made with local publishers before. decide whether the law applies to them.
William Easton, Facebook’s managing director for Australia and New Zealand, said in a statement that the amendments address “key concerns about allowing trade deals that recognize the value our platform offers to publishers. compared to the value we get from it ”.
The giants of technology
The latest Android update will let you schedule texts, secure your passwords, and more – This update will incorporate a feature called Password Verification to alert you to passwords you are using that have already been exposed.
Twitter is relaunching the test that asks users to review harmful responses – Twitter is running a new test that will ask users to pause and think before they tweet.
Area 120 is starting to use Google’s massive reach to evolve the HTML5 GameSnacks platform – GameSnacks is an HTML5 gaming platform where titles are small in size and load much faster.
Startups, financing and venture capital
Lucid Motors signs deal with SPAC for $ 24 billion valuation – This will be the biggest deal yet between a blank check company and an electric vehicle startup.
Shippo Raises $ 45 Million More at $ 495 Million Valuation As Ecommerce Booms – Startup Provides Shipping Related Services to Ecommerce Businesses.
Reddit Increases Series E By An Additional $ 116 Million – Reddit previously announced a $ 250 Million Series E earlier this month.
Advice and analysis from Extra Crunch
How to Overcome the Challenges of Switching to Usage-Based Pricing – The usage-based pricing model almost looks like a cheat code, according to OpenView’s Kyle Poyar.
The initial price of Oscar Health’s IPO is so high it makes me want to swear – Alex Wilhelm doesn’t mince words: “Public investors are out of their minds.”
RIBS: The Messaging Framework for Every Business and Product – The test is designed to tell you if your story is memorable, so you can turn it into a compelling message.
(Extra Crunch is our membership program, which helps founders and startup teams grow. You can sign up here.)
Full TC Sessions Agenda Announced: Justice – Our second event dedicated to Diversity, Equity, Inclusion and Working in Tech will take place on March 3rd.
Six Miami-based investors share their take on the region’s startup scene – Investors see huge opportunity for region to become a major startup hub using its diverse workforce and wonderful quality of life .
SolarWinds Hackers Targeted NASA and Federal Aviation Administration Networks – Hackers reportedly broke into US Space Agency NASA and Federal Aviation Administration networks as part of a more spy campaign large.
The Daily Crunch is TechCrunch’s roundup of our most important and important stories. If you’d like this delivered to your inbox every day around 3 p.m. PT, you can subscribe here.