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- Google signed a deal with News Corp. The search firm will make “significant” payments to display content from outlets such as the Wall Street Journal and the New York Post on its News Showcase.
- Facebook halted all news sharing in Australia. Facebook blocked Australian users from seeing, sharing, and interacting with news on the site, while global users are not able to see news shared by Australian news outlets.
- Australia has vowed to pass new media laws. The laws, if passed, could compel Facebook and Google to pay Australian news outlets for the journalism they produce.
- Amazon reportedly favored big sellers in India. Documents obtained by Reuters indicate a small number of large sellers account for the bulk of the firm’s business there, likely fuelling claims that Amazon hurts smaller players.
- YouTube’s TikTok rival is headed to the US. YouTube says a test version of Shorts will launch in the US in March after an extensive test in India, but hasn’t said when a full rollout might follow.
- The lead figure behind GameStop’s frenzy is being sued. Keith Gill, who goes by RoaringKitty on Twitter and YouTube, was hit with a securities-fraud lawsuit over his role in the rise of GameStop stock, Bloomberg reported on Wednesday.
- Robinhood’s CEO called for regulatory reform. In prepared remarks ahead of a Congressional hearing today, Vlad Tenev criticized the rule that requires equities transactions to clear over two days.
- Coinseed faces a shutdown. New York Attorney General Letitia James announced she has sued to shut down Coinseed, a cryptocurrency-trading app.
- A Mailchimp engineer quit, claiming sexism. Kelly Ellis said in a Twitter thread that she resigned after a conversation about pay “went south.”
- Exclusive: YouTuber David Debrik is raising funding for his camera app. The app is already eyeing a $100 million valuation for a Series A, four months after its seed round.
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