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Monday, July 4, 2022

Tiktok, Instagram and company: British bill proposal threatens executives with prison

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The UK government hopes the Online Safety Act will set a global standard.

Good Morning! While you slept, work continued elsewhere on the digital scene.

The main topics:

A new British bill is coming technology executives with prison sentences. On Thursday, the Online Safety Act will go before the legislature for review in its entirety. According to this, executives in the technical field can be prosecuted if they do not comply with the decisions of the supervisory authority in charge of enforcing the law.

The new rules aim to curb illegal and harmful content on the Internet. This includes content that promotes terrorism or suicide, revenge porn, and child sexual abuse material. Facebook, Instagram, Youtube, Twitter and tik tok they are all being criticized for allowing malicious content to be shared on their platforms. [Mehr bei Bloomberg, CNBC und The Information]

In Gründerszene you read today: Financial technology bavest wants to build a Bloomberg 2.0, only cheaper: Private investors and smaller investment teams should be able to access stock data in one app, receive out-of-the-box risk calculations, and get an overview of current trends in the market. [Mehr bei Gründerszene]

And here are the other headlines of the night:

Goal has removed a video falsely showing Ukrainian President Volodymyr Zelenskyy ordering troops to surrender. The video is the latest alarming development in the information war accompanying the Russian invasion of neighboring Ukraine. The misleading video is apparently still circulating. Facebooks Russian counterpart Vkontakte. Meanwhile, Mykhailo Fedorov, Deputy Prime Minister of Ukraine, has cheep to the Chinese technology company DJI came back: “In 21 days of war, Russian troops have already killed 100 Ukrainian children. They use DJI products to control their rocket. @DJIGlobal Are you sure you want to get involved in these killings?” DJI manufactures unmanned aerial vehicles. [Mehr bei Techcrunch und Twitter]

sentinelan American-Israeli software and cybersecurity company active networks for $616.5 million. With Attivo, the California-based company gains access to its identity management. Tushar Kothari, CEO of Attivo Networks, sees the acquisition as an opportunity to further expand the startup’s original vision within a larger public company. Sentinelone went public last year, raising $1.2 billion in the process. [Mehr bei Techcrunch]

sieve, a Silicon Valley semiconductor startup, has raised $175 million in a Series F funding round. The competitor arm thus achieves a $2.5 billion valuation. The startup is backed by Intel, Qualcomm, AMD, and Samsung. According to Sifive, sales have quadrupled year-over-year, but the company is still not profitable because it is still investing in hiring, he said. [Mehr bei Reuters und The Information]

Netflix is testing a new feature that allows accounts to be shared outside of members’ homes for an additional fee. The feature is being tested in Chile, Costa Rica and Peru. Standard and Premium plan members can add up to two people. Netflix is ​​also exploring another feature that will allow members to transfer their profile information to a new account or subaccount that will store data such as viewing history and personalized recommendations. Netflix had lowered its growth expectations in January. [Mehr bei Techcrunch und Reuters]

Other Investments: Clockworkwhich synchronizes clocks on a fleet of modern servers, announced a $21 million Series A funding round. The round was chaired by NEA. The company’s clients include Nasdaq, Wells Fargo and RBC. amagi, a cloud-based SaaS technology provider for streaming and connected TV, has raised $95 million in a new funding round. The funding round was led by Accel. The latest investment brings Amagi’s valuation to more than $1 billion. link tree, an Australian startup best known for its popular “Link in Bio” tool, has raised $110 million at a $1.3 billion valuation. The round was led by Index Ventures and Coatue Management. [Mehr bei Techcrunch, Amagi und Axios]

Our reading advice on Gründerszene: The Bremen Rightmart Group promises to help those who do not have legal protection insurance to assert their rights. The founder initially predicted the end of the industry. [Mehr bei Gründerszene]

Don’t want to miss anything? Then subscribe to our Gründerszene newsletter! It shows up every morning at 8:30am and brings all the important news straight to your inbox.

Good Thursday!

Your editors Gründerszene



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