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Apple Paves Way for Parler’s Return to App Store

Apple told lawmakers it plans to allow Parler to return to its App Store, months after the iPhone-maker booted the social media app popular with members of the far right. In a letter addressed to Senator Mike Lee and Congressman Ken Buck, Apple said that the company’s app review team recently informed Parler of the news, which came after Parler made changes to its content moderation practices,...

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What Twitter’s $809.5 Million Legal Payout Tells Us
Twitter's former CFO Anthony Noto. Photo by Bloomberg.
It’s tempting to view Twitter’s $809.5 million settlement today of a shareholder lawsuit—which alleged that top executives misled investors with overly optimistic statements about user growth—as a meaningful development. The news media spends much of its time obsessing over the massive gulf between company executives’ public statements and private discussions—as last week’s Wall Street Journal...
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Joe Lonsdale in 2017. Photo: Bloomberg
Exclusive Venture Capital Startups
Tiger Global to Invest in Joe Lonsdale’s Newest Fintech Venture
Joe Lonsdale, the former PayPal intern who co-founded big-data analytics business Palantir and wealth management platform Addepar, is raising capital for a new company to help financial advisers make private market investments.
Reddit COO Jen Wong.
Exclusive Media/Telecom E-commerce
Reddit’s Ad Revenue Expected to Double to at Least $350 Million This Year
The “meme stock” rally that sent shares of companies like GameStop and AMC Entertainment soaring earlier this year was driven in large part by discussion on Reddit, the 16-year-old online news aggregator and discussion forum.
Redbird's Gerry Cardinale next to a statute of the Incredible Hulk. Photo by Bloomberg
Sports Media Investor RedBird Capital Is In Talks to Invest in LeBron James’ SpringHill
RedBird Capital Partners, an investment firm specializing in sports media, is in advanced talks to buy a minority stake in NBA superstar LeBron James’ entertainment firm, SpringHill Company, according to people familiar with the matter.
Photo by Bloomberg
Apple Semiconductors
Apple Poised to Gain More Market Share Amid Chip Crunch, New Survey Shows
As Apple prepares to release the latest generation of its iPhone this fall, it is starting to feel the pinch Android makers have been feeling for months from the global chip shortage.
A container ship sailing past the city of Qingdao in east China's Shandong province last month. Photo by AP.
Exclusive Venture Capital Asia
Former Ant Executive’s Fintech Startup in Funding Talks at $1 Billion Valuation
XTransfer, a Chinese cross-border payment startup headed by a former Ant Group executive, is in advanced talks with Dan Sundheim’s D1 Capital Partners and other investors to raise capital at a pre-money valuation of $1 billion, more than triple its previous funding round in January, people familiar with the matter said.
Didi Global's offices in Hangzhou, China. Photo by Bloomberg
Could Didi List in Hong Kong to Stop Bleeding for Shareholders?
Could the path to relief for Didi Global’s beleaguered shareholders run through Hong Kong? It’s a pressing question as Full Truck Alliance, a U.S.-listed Chinese commercial freight company, which like Didi is under cybersecurity investigation by Chinese authorities, explores with bankers the possibility of listing its shares in Hong Kong, according to two people familiar with the matter.