DOJ files oppose acquisition of Plaid – TechCrunch

DOJ disputes Visa’s acquisition of a fintech start-up, Apple launches the latest version of iOS and goPuff acquires an iconic alcohol retailer. This is your Daily Crunch for November 5, 2020.

The big story: DOJ files pursue to stop Plaid acquisition

The Justice Department is challenging Visa’s $ 5.3 billion acquisition of financial services start-up Plaid. There was reports last month that the DOJ was investigating the acquisition, but now the ministry did file a complaint.

“By acquiring Plaid, Visa would eliminate an emerging competitive threat that would likely result in substantial savings and more innovative online debit services for merchants and consumers,” said the DOJ.

Visa responded in a statement saying the lawsuit showed “a lack of understanding of Plaid’s business and the highly competitive payments landscape in which Visa operates.”

The giants of technology

Facebook removes ‘Stop the Steal 2020’ group which organizes itself around false allegations of election bickering – Facebook dismantled a group that had amassed more than 300,000 members while sharing misinformation and organizing around false allegations of impropriety in the 2020 election.

Apple launches iOS 14.2 with new emojis and accessibility feature that locates people with lidar – Among other things, this version introduces over 100 new emojis.

Review: Microsoft’s Xbox Series X is ahead of its time – This thing has a lot of specs behind it.

Startups, financing and venture capital

Delivery start-up goPuff acquires BevMo for $ 350 million – This comes less than a month after goPuff announced a $ 380 million funding round that valued the startup at $ 3.9 billion.

Proctorio used DMCA to suppress critical student tweets – A series of tweets from a University of Miami student criticizing a surveillance software company were obscured by Twitter after the company filed a copyright takedown notice.

Vivid Money raises $ 17.6 million for its European challenger bank – Vivid Money is a challenger bank with some cool features.

Advice and analysis from Extra Crunch

Three tips for SaaS founders hoping to join the $ 1 million ARR club – Building a SaaS business is much, much more difficult if you approach it without a proven process.

Implement a data-driven approach to ensure fair, equitable and transparent compensation for employees – Lack of clarity can lead to confusion and negative feelings that affect our productivity and our relationships with our employers.

Inside the IPO filing of fintech startup Upstart – The fintech startup is facilitating loans between consumers and partner banks, a deal that attracted around $ 144 million in capital before it went public.

(Reminder: Extra Crunch is our membership program, which aims to democratize information on startups. You can register here.)

Everything else

DOJ says it seized over $ 1 billion in bitcoin from Silk Road drug market – In a statement released today, the Justice Department confirmed seizing the 70,000 bitcoins generated by revenue from the sale of drugs on the Silk Web marketplace.

NASA wants innovative new storytelling technology to document its Artemis lunar missions – NASA has issued a new request for proposals to partners who could help it complete its own storytelling in new and innovative ways.

Mixtape Podcast: Well-being in the Age of Wrestling – Shine Co-Founder and Co-CEO Marah Lidey discusses mental health, venture capital, portfolio diversity and connecting with other founders.

The Daily Crunch is TechCrunch’s summary of our most important and important stories. If you’d like to have it delivered to your inbox every day around 3 p.m. PT, you can subscribe here.

About Opal Jones

Check Also

Weight loss | Here’s What Kourtney Kardashian Eats On The Keto Diet, A Popular Meal Plan For Weight Loss

This is what Kourtney Kardashian eats on the Keto Diet, a popular meal plan for …

Leave a Reply

Your email address will not be published.