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Opontia raises $20M to roll up e-commerce brands in Africa and the Middle East

TechCrunch

While Opontia does not disclose the ratio of equity and debt, it confirmed that the majority was debt which will be used to make acquisitions. Brazil has annual sales reaching $36 billion, accounting for 32% of Latin America’s e-commerce market. The second-largest market, which is the U.S, stands at over $350 billion.

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How Apple is making the antitrust case against it stronger

The Verge

Competition is particularly difficult in the music industry, given that the lion’s share of all revenue that they generate goes to the record labels that own the music. Industry. ? WhatsApp finally launched its payments app, starting in Brazil. For Spotify, Apple’s businesses could represent an existential threat.

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How Twitter is shifting the power balance from companies to their employees

The Verge

Any number of industries are getting caught up in it, and many managers are finding themselves suddenly without jobs as a result. (It It is probably not a coincidence that this is most true of the media industry , whose workers are more adept at using Twitter to air their grievances than most.). Industry. ?

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TikTok’s success has made it a big target for regulators

The Verge

Industry. ? Face to Face, as the company calls it, is rolling out as a test in 13 countries, including in the US in Virginia, Illinois, Georgia, and Colorado, as well as in Australia, Brazil, and France. Today in news that could affect public perception of the big tech platforms. Natasha Singer / The New York Times ).

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Leaving content moderation to volunteers is empowering racists

The Verge

The Ratio. ?? Non-governmental organizations say American companies pay as much attention to similar situations unfolding in India, Brazil, and Myanmar, among other places. Industry. ? As a result, offline injustices are being replicated in online speech. Pranav Dixit and Megha Rajagopalan / BuzzFeed ). Chen Du / PingWest ).

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The Boogaloo movement has successfully hijacked social networks to spread

The Verge

Brazil’s Central Bank and antitrust regulator suspended WhatsApp’s payment features in the country, citing antitrust concerns. It’s a setback for Facebook , which introduced WhatsApp’s payments system in Brazil earlier this month. Industry. ? And that’s enough for me to be worried, too. percent for YouTube and 76.6

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TikTok is having a monster 2020

The Verge

Industry. ? The company says it is still testing the feature, which is also available to users in Brazil and Italy. Also: more than 650 subreddits have now signed on to this open letter to Reddit calling for the company to, among other things, enact a site-wide policy against racism and hate speech. Lauren Kirchner / The Markup ).

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