In 2009, Iranian protestors trusted Twitter. Now they’re flocking to Telegram, a messaging app that permits them to keep up a correspondence privately. In reaction, the Iranian executive is attempting to dam the app, together with different social media gear like Instagram. In different information cycles, Telegram has been criticized as a device utilized by terrorists. [Sam Schechner, Stu Woo / Wall Street Journal]
Spotify has been hit with a $1.6 billion lawsuit from a tune writer that represents titles via Tom Petty, Neil Younger and Stevie Nicks. Wixen Track Publishing alleges that Spotify is underpaying songwriters and streaming 1000’s of songs with out a correct license. The swimsuit comes as Spotify preps for a long-awaited IPO. [Variety]
Founders Fund, the project capital company co-founded via Peter Thiel, made a monster wager on bitcoin closing summer season, and that $15 million to $20 million funding is now value masses of thousands and thousands of bucks. [The Wall Street Journal]
Jap billionaire Masayoshi Son has modified the startup sport along with his competitive making an investment and huge checkbook. Bloomberg appears into the SoftBank CEO’s eccentric, relentless deal-making, and asks: Does he know what he’s doing? [Bloomberg]
With thousands and thousands falling sufferer to The united states’s opioid epidemic, right here’s a four-part sequence that appears at Habit Inc. — the $35 billion restoration trade — and on its fringes, the selling wizards, urine-testing millionaires, addicts-turned-entrepreneurs and different opportunistic other people clustering across the profitable industry of turning addicts into consumers and billable fortunes. [The New York Times]
Most sensible tales from Recode
Amazon killed their wine web site. Now the 2 founders are again with any other.
Casemates is launching — from the founding father of Woot.com and Wine.Woot.
Comedy is booming, however Silicon Valley can’t take a funny story.
On the most recent episode of Recode Decode, former Twitter CEO Dick Costolo says the Valley wishes a shot of self-awareness.
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