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White House says a draft executive order reviewing social media companies is not “official” – TechCrunch

A draft executive order circulating around the White House “is not the result of an official White House policymaking process,” according to deputy White House press secretary, Lindsay Walters. According to a report in The Washington Post, Walters denied that White House staff had worked on a draft executive order that would …

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Comcast outbids Fox in $40B battle for Sky – TechCrunch

Comcast has outbid Twenty-First Century Fox for the UK’s Sky, a final step in what’s been a years-long takeover battle between the two media conglomerates. Comcast’s final offer gives Sky a roughly $39 billion price tag. The acquisition of Sky, which has 23 million subscribers in the UK, Ireland, Germany, Austria …

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Cinematic train wreck, “The Room”, is now on YouTube in its entirety – TechCrunch

The Room has been ranked with Plan 9 From Outer Space as a strong contender for the “best” worst movie ever made — and it’s now available in its entirety on YouTube. Written, directed, and starring Tommy Wiseau, The Room belongs in the same category as Plan 9, and Coven (which was immortalized …

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Understanding Renaud Laplanche’s next Upgraded act – TechCrunch

Renaud Laplanche spent ten years building LendingClub. In the process, he created an industry from scratch. Circumventing conventional banking channels for consumer credit began in 1996 when Chris Larsen started E-LOAN, which ultimately led to Prosper Marketplace. But LendingClub, which Laplanche founded in 2007, was and remains the poster child …

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Luxury fashion marketplace Farfetch closes at $28.45, up 42% on its first day of trading on NYSE – TechCrunch

It’s been a strong year for tech IPOs so far, and it looks like today’s debut of Farfetch — a UK-based shopping site for luxury fashion — is on trend, so to speak. The company opened trading today — on NYSE under the ticker FTCH — at $27, making for …

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Interiors startup Clippings raises $15.4M Series B with Advance Venture Partners – TechCrunch

Back in April we saw that eporta, a London-based B2B interiors marketplace startup, had raised $8 million in a Series A funding round led by US investor Canvas Ventures. Eport has digitized the catalogues of furnishing manufacturers and allowed businesses to order direct, cutting out the middle-men. Now London is …

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Instagram denies it’s building Regramming. Here’s why it’d be a disaster – TechCrunch

Instagram tells me Regramming, or the ability to instantly repost someone else’s feed post to your followers like a retweet, is “not happening”, not being built, and not being tested. And that’s good news for all Instagrammers. The denial comes after it initially issued a “no comment” to The Verge’s …

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Twitter says bug may have exposed some direct messages to third-party developers – TechCrunch

Twitter said that a “bug” sent user’s private direct messages to third-party developers “who were not authorized to receive them.” The social media giant began warning users Friday of the possible exposure with a message in the app. “The issue has persisted since May 2017, but we resolved it immediately …

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VCs say Silicon Valley isn’t the gold mine it used to be – TechCrunch

In the days leading up to TechCrunch Disrupt SF 2018, The Economist published the cover story, ‘Why Startups Are Leaving Silicon Valley.’ The author outlined reasons why the Valley has “peaked.” Venture capital investors are deploying capital outside the Bay Area more than ever before. High-profile entrepreneurs and investors, Peter Thiel, …

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