Wall Street Journal:
The US government often waives its own stock trading rules, letting federal officials invest in Amazon, Apple, Meta, and others affected by their agencies’ work — The U.S. has rules limiting federal officials’ stock-market investing. They can be waived. — 1x
Catherine Shu / TechCrunch:
Singapore-based Pillow, which helps users in emerging markets save, spend, and invest in cryptocurrency, raised an $18M Series A led by Accel and Quona Capital — Pillow aspires to be an all-in-one platform that helps even newbie users save, spend and invest in crypto currency.
Ellen Huet / Bloomberg:
How angel investing became a pastime and a way of socializing in Silicon Valley, with investors betting small amounts in friends’ startups — Maia Bittner is an angel investor, and she has a lot of friends who’ve founded startups. Sometimes they ask her if she wants to put money into their companies.
Wall Street Journal:
Sources: Instacart plans to mostly sell employees’ stock during its IPO to help staff cash out, issuing a small number of shares and limiting the amount raised — Most shares listed will come from employees, in a move that could help the delivery company retain and recruit talent
William Gallagher / AppleInsider:
Report: some NFT startups say they are limiting functionality in iOS apps, as Apple insists that its 30% commission from IAP must be paid on all trades — Startup and trading NFT firms say they ignore the App Store because Apple’s rules, and 30% commission, make it untenable for them.
Adam James / The Block:
Research: Binance had a 55.1% market share in spot crypto trading in the past 24 hours and 54.4% of derivatives trading, easily surpassing FTX and others — – Binance accounted for more than 55% of the spot crypto market over the last 24 hours. — The exchange also claimed …
Digiday:
Sources: Apple holds early discussions with media agencies over monetizing its original video content through ads, possibly as early as 2023 — Apple’s growing designs on the ad industry are already well-documented with the iPhone maker’s media unit already generating $4 billion per year on search.
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