TikTok turns into a political battleground in Russia – TechCrunch
We take an in-depth look at the use of TikTok in Russia, the Facebook Oversight Board looks beyond Facebook and Sesame Workshop supports an Edtech fund. This is your daily crisis for February 11, 2021.
The big story: TikTok becomes a political battlefield in Russia
Russia has a small but rapidly growing and vocal group of TikTok users. And while activities in the past have been largely apolitical, a battle seems to be brewing between the government and young activists who support anti-corruption and Putin politician Alexei Navalny.
“Before Navalny’s return, Russian TikTok was all about dancing, pranks, and post-Soviet rubbish aesthetics,” said food blogger Egor Khodasevich. “Suddenly, political videos are popping up in all categories – humor, beauty, sports.”
The technology giants
According to the Facebook Oversight Board, other social networks are welcome if the project is successful. The Facebook Oversight Board has only been up and running for a short time, but the emerging project is already looking to the future.
Apple Launches New For All People-Related AR Experience – Even for those of you who aren’t fans of the Apple TV + show, the app is notable as another sign of Apple’s interest in AR.
Startups, Financing and Venture Capital
The pain of Robinhood is the benefit to the public as VCs rush to give more money. The San Francisco-based fintech aims to empower people to invest in businesses with any amount of money, with an emphasis on community activities versus active trading.
Goldman Sachs and Sesame Workshop are investing money in this edtech company’s newest fund – Reach Capital III is a $ 165 million investment vehicle.
Reduct.Video Raises $ 4M to Simplify Video Editing – The startup’s technology is already used by clients including Intuit, Autodesk, Facebook, Dell, Spotify, Indeed, Superhuman, and IDEO.
Advice and analysis of extra crunch
With more Insurtech offerings popping up, CEO Dan Preston talks about Metromile’s SPAC-led debut – Metromile started trading as a publicly traded company yesterday.
Commercializing Deep Tech Startups: A Practical Guide for Founders and Investors – Deep Tech Startups go through a different development cycle than a typical B2B or B2C company.
(Extra Crunch is our membership program that helps founders and startup teams get ahead. You can sign up here.)
Racial Differences in the Use of Force by Chicago Police Officers Revealed in New Data – This rare apple-to-apple comparison supports the idea that improving law enforcement diversity can also improve the quality of policing.
With a webcam app, thousands of user accounts have been made available online. – The database in question belonged to Adorcam, an app for viewing and controlling multiple webcam models.
The top 100 subscription apps grew 34% to $ 13 billion in 2020, while the share of total spend remained unchanged. A growing chunk of app spending was in the form of subscription payments last year, according to a new report from Sensor Tower.
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