Additionally, in a notable step last month, the European Union opened a formal investigation into whether Meta’s tactic breaches obligations that apply to Facebook and Instagram under the competition-focused Digital Markets Act (DMA).
The Board’s opinion on “consent or pay” is expected to provide guidance on how the EU’s General Data Protection Regulation (GDPR) should be applied in this area.
It’s worth noting the Board’s opinion will look at “consent or pay” generally, rather than specifically investigating Meta’s deployment.
Nor is Meta the only service provider pushing “consent or pay” on users.
“However, the current ‘Consent or Pay’ model sets in stone a coercive dynamic, leaving users without an actual choice.
As cybercriminals continue to reap the financial rewards of their attacks, talk of a federal ban on ransom payments is getting louder.
Since then, just as talk of a potential ransom payment ban has gotten louder, so has the ransomware activity.
Is a ban on ransom payments the solution?
For a ban on ransom payments to be successful, international and universal regulation would need to be implemented — which, given varying international standards around ransom payments, would be almost impossible to enforce.
Given the brazen nature of these attackers, it’s unlikely that they would be deterred by a ban on ransom payments.
Swayy is an iPhone app startup that allows you to share not your current location, but your next intended location.
I also liked the way the Swayy app allows me to create custom groups.
As Westropp pointed out, as a female founder, she’s acutely aware that being able to control precisely who can see her future location is something she hard-wired into the app.
Of course, Swayy is likely to struggle against the tech giants already toying with location as feature.
It will also be an opportunity for Instagram to appeal to people who were fans of Zenly, a social map app that Snap acquired and then shut down in 2022.
Ethiopian startup eQub is the winner of the fintech pitch-off at 4YFN 2024, Mobile World Congress’ startup event.
The startup’s name is an Amharic word referring to a local form of peer-to-peer credit, Michael said.
An Equb is a group of people who join forces to save money, which is then distributed on a rotating basis.
Starting with an app, it targets users among the growing number of Ethiopians who have bank accounts and mobile phones, but limited access to credit.
Making an Equb digital is an improvement in itself: For eQub members with bank accounts, they can add money without having to go to an ATM.
Match Group’s deal with OpenAI is just business with AI glitter on topListen here or wherever you get your podcasts.
Hello, and welcome to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.
This week, Mary Ann, Kirsten and Alex gathered to chat through a massive sheaf of news.
For episode transcripts and more, head to Equity’s Simplecast website.
TechCrunch also has a great show on crypto, a show that interviews founders and more!
Flipkart co-founder Binny Bansal has resigned from the e-commerce group’s board, the two said Saturday.
Sachin Bansal, the Bengaluru-headquartered startup’s other co-founder, left the board in 2018 after scuffle with the investors.
Binny Bansal, who reserved the rights to stay on Flipkart’s board for as long as he preferred, cited conflict of interest with his new venture as the reason for the move.
“I am proud of the Flipkart Group’s achievements over the past 16 years.
After leaving Flipkart, Sachin Bansal founded Navi, a financial services firm that is looking to go public.
Google’s Chrome web browser is getting an infusion of AI technology in the latest release.
In addition to the writing assistant, AI can also be used to help organize tab groups and personalize your browser.
Chrome’s Tab Groups feature allows users who keep many tabs open to manage them by organizing them into groups.
With the new Tab Organizer, Chrome will automatically suggest and create groups based on the tabs you already have open.
To access these features, you’ll sign into Chrome, select “Settings” from the three-dot menu, and then navigate to the “Experimental AI” page.
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