If you enjoyed the newsletter, please share it with a friend who’d find it useful.
Twitter May Allow Users to Hide Their Old Tweets
In an effort to make users more comfortable in interacting and sharing on the microblogging platform, Twitter is planning to test new privacy-related features to give users better control over their follower lists who can see their posts and likes.
Twitter plans to include an option to archive old tweets so that other users can’t see them after a specified period of time (such as 30, 60, or 90 days, or a whole year), as well as the ability to edit followers lists.
Additionally, users will have possible options to limit who can see which tweets they have liked, allow them to remove themselves from a conversation, and also allow users to remove followers without completely blocking them.
However, the company has not set any timeline for some of the changes, and some features like the archive option, are still in the “concept phase.”
But, Twitter plans to let users remove followers starting this month and will allow them to remove themselves from conversations by the year-end.
Apple Gives in on ‘Anticompetitive’ Restrictions in App Store
Apple Inc. has said that it will now allow “reader” apps, like Netflix, Spotify, Kindle, among others, to directly link their users to their own sites on the web for signing up.
This move is a bid to settle an investigation by the Japan Fair Trade Commission (JFTC).
But there is a caveat. The only apps that are allowed to do so are those that already carry out a major share of their signing-up processes away from the App Store.
This was done to cut back on the heavy 30 percent commission that Apple was making on such transactions.
In recent years, the tech giant has been facing increased pushback regarding its App Store policies from companies like Netflix, who did not want to hand over that 30% cut to Apple.
Currently, apps on the Apple App Store have to use Apple’s in-app payment system for payments. However, after conceding to JFTC, Apple will allow apps to share a single link to their website and help users set up and manage their accounts.
This is because reader apps do not offer in-app digital goods and services for purchase. But the changes won’t come into effect until early 2022.
Alibaba Promises $15.5 Billion For “Common Prosperity”
On September 3, Alibaba Group announced that it will invest 100 billion yuan ($15.5 billion) by 2025 to “promote common prosperity” in China.
With this announcement, Alibaba has become the latest corporate giant to pledge support for the initiative driven by President Xi Jinping to rein in China’s widening wealth and income equality gaps.
The e-commerce giant said that it will invest in 10 projects for job creation, care for vulnerable groups, and technology innovation.
Its pledge also includes funds to “cut income inequality” in the company’s home province of Zhejiang, south of Shanghai.
China has been encouraging companies to share their wealth as part of an effort to ease inequality and narrow the widest gaps between the elite and poor.
In response, and to align with China’s political and economic plans, Alibaba and other Chinese tech giants including, gaming and social media services company Tencent Holdings, have announced their plans to invest in social welfare, technology development, and more.
Insurtech Startup Sunday Raises $45 Million in Series B Funding
Sunday, a Thailand-based digital insurance startup announced it raised $45 million in its series B funding round.
The funding round was led by Tencent and also comprised other new and existing investors including, Vertex Ventures Southeast Asia & India, SCB 10X, Vertex Growth, Quona Capital, Aflac Ventures, and Z Venture Capital.
Sunday is one of the first full-stack insurtech companies in Thailand using data models and advanced technology to shape insurance products and services.
Till now, it has served over 1.5 million customers, with more than 90,000 health members from the manufacturing, banking, retail, and service sectors.
The startup utilizes AI and machine learning to offer personalized packages, automate pricing, and underwrite its motor insurance and employee health benefits product.
With this new capital, Sunday will expand its retail product suite comprising health insurance, protection for electronics, and motor insurance in Thailand and Indonesia through its online platform to its existing health members, corporates, and SME clients and partners.
Around the Web
🎥 Twitch Viewership Fell Visibly When Streamers Took A Day Off In Protest: On September 1, streamers took a day off Twitch to raise awareness of the ongoing hate attacks that have overwhelmed the platform over the past week. While skeptics suggested that the strike’s participants weren’t influential enough to make significant traffic changes, Twitch saw a drop in viewership due to the protest.
🇦🇺 Survey Suggests, 17% Of Australians Hold Crypto: According to Finder’s Cryptocurrency Report, one in six Australians (about 17%) now own cryptocurrency, with the total value of their holdings adding up to $8 billion.