Tech Brew Ride Home Tue. 07/26 – Why Big Tech Hates The Leap Second
Jul 26, 2022
The SEC is tightening its grip on Coinbase, causing ripple effects in the cryptocurrency market. Kylie Jenner and Kim Kardashian are unhappy with Instagram's TikTok-like changes, which could spell trouble for the platform. Big tech companies are raising alarms over the leap second, fearing it disrupts their operations. Meanwhile, Amazon's acquisition of One Medical may reshape the healthcare landscape, integrating it with their existing services for better customer value.
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Coinbase SEC Probe
- The SEC is investigating Coinbase for potentially letting Americans trade unregistered digital assets.
- This investigation could impact the broader crypto ecosystem if the SEC deems these assets as securities.
Instagram vs. TikTok
- Kylie Jenner and Kim Kardashian criticized Instagram for trying to emulate TikTok, sparking a user petition.
- This mirrors past incidents where Jenner's social media commentary impacted platform valuations.
Facebook Music Revenue Sharing
- Meta launched a music revenue sharing program for creators on Facebook.
- Creators can earn 20% of ad revenue on videos with licensed music, excluding Reels.