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Hello and welcome to Daily Crunch for July 14, 2021. We have a jam-packed newsletter for you today, so we’re getting something out of the way up top. We’ve covered India’s technology regulatory market often in recent weeks. Why? Because the Indian startup scene is crazy busy. How India’s government handles the boom is going to be critical for a host of founders, investors and workers.
In that vein, the latest chapter in the story involves Mastercard, which just got blocked from onboarding new users. Why? Per our reporting, “noncompliance with local data storage rules.” Data rules, you will recall, are a big part of the changing regulatory world for Chinese startups as well. Something to keep an eye on! — Alex
The TechCrunch Top 3
Today’s Top 3 are all about social networks. Yes, the massive companies that we share our lives with, day in and day out. Let’s start with Facebook.
- Facebook, like Amazon, is not thrilled with the new U.S. antitrust boss: Lina Khan’s appointment as the head of the U.S. Federal Trade Commission (FTC) is causing waves among the largest tech companies in the world. Amazon demanded that she recuse herself from regulating its business. Facebook is now making similar noises. In short, the tech giants think that her prior criticism of their business practices is disqualifying….