April 2021

Want to unblock American Netflix from the UK? Try this speedy VPN.

SAVE 49%: A 15-month subscription to ExpressVPN is on sale for £4.95 per month as of May 1, saving you 49% on list price.


Do you want to watch more content from around the world, without relying on some dodgy stream that sends a load of dangerous adverts your way? VPNs offer a safe solution to your streaming woes.

VPNs hide your real IP address and connect you to a server in another location. This simple process lets you bypass geo-restrictions to watch extra shows and movies that are normally only available in that country. You'll still need a subscription to a streaming site, but a VPN significantly boosts your content library. Read more...

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Take (and edit) great photos with this set of discounted online courses

TL;DR: The Award-Winning Luminar 4 Power Bundle is on sale for £28.80 as of May 1, saving you 85% on list price.


Whether you want to boost your social media performance or just tap into a hobby or skill you've been meaning to pursue, this Luminar 4 Power Bundle will help you not only learn photo editing, but also take your photo-taking skills to new heights.

If you're new to photography or just want to sharpen your skills, you can explore the basics of exposure, white balance, framing, and other skills in the Photography Fundamentals course from ThinkTapLearn. Through nine lectures, you'll get an overview of the controls on your camera, dabble in lens essentials, and get a quick lesson on photography fundamentals. Read more...

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Become an ethical hacker with this stacked set of online courses

TL;DR: The 2021 All-in-One Ethical Hacking and Penetration Testing Bundle is on sale for £21.48 as of May 1, saving you 98% on list price.


With 46 hours of hands-on content, the 2021 All-in-One Ethical Hacking and Penetration Testing Bundle will help you start your journey as an ethical hacker. Taught by tech experts from the UK-based Oak Academy, the nine courses in this bundle cover penetration testing, cloud security, and more.

Designed for beginners, the program kicks things off with a primer on common vulnerabilities like SQL injection and XSS, basic lab environment setup, and the essential terms, standards, technologies, and protocols of web applications. Then you’ll dive deeper into things like social engineering, phishing, password cracking, and how fake emails can be used by malicious hackers to infiltrate and steal from vulnerable systems. Read more...

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All the best robot vacuums for your hardwood floors

Robot vacuums have revolutionised the way we clean the house. We no longer have to be home in order to clean because robot vacuums run on schedules that you can set for while you're at work, running to the shop, or even on holiday.

If you don't have carpet, you might not be as inclined to invest in a robot vacuum cleaner, but these little machines are actually beasts when it comes to hardwood flooring.

Do robot vacuums really work?

Robot vacuums are usually not as efficient as upright vacuum cleaners. Their suction isn't as powerful and you just can't get the same kind of clean that you get from eyeballing your floors and going back over spots you can tell you missed. Of course, some robot vacuums do have features that allow them to detect problem areas with extra dirt and debris buildup where the vacuum will put in extra attention, but that's not necessarily the standard across all price points.  Read more...

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IMAGE: Amazon

BEST FOR FEATURES

iRobot Roomba 671

The Roomba 671 has impressive features that will leave your floors debris free.

  • Cleaning pattern: Random
  • Run time: 90 minutes
  • WiFi enabled: Yes
  • Voice assistant integration: Alexa and Google Assistant
£338.30 from Amazon
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IMAGE: Amazon

BEST FOR POWERFUL SUCTION

iRobot Roomba i3

A powerful and quiet robot vacuum, the Roomba i3 will do wonders for your hardwood floors.

  • Cleaning pattern: Neat rows
  • Run time: 75 minutes
  • WiFi enabled: Yes
  • Voice assistant integration: Alexa and Google Assistant
£449.99 from Amazon
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IMAGE: Amazon

BEST FOR CLEANING CORNERS

Neato Robotics D7

With a large brush roll and long battery life, Neato's Botvac D7 is ideal for bigger homes.

  • Cleaning pattern: Neat rows
  • Run time: 120 minutes
  • WiFi enabled: Yes
  • Voice assistant integration: Alexa and Google Assistant
£499.99 from Amazon
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IMAGE: Amazon

BEST FOR TIGHT BUDGETS

Eufy BoostIQ RoboVac 11S

A slim profile and low price tag make the Eufy RoboVac 11S ideal for smaller spaces.

  • Cleaning pattern: Random
  • Run time: 100 minutes
  • WiFi enabled: No
  • Voice assistant integration: N/A
£199.99 from Amazon
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IMAGE: Amazon

BEST FOR HOME MAPPING

iRobot Roomba i7

Set custom cleaning routines with the Roomba i7 and it knows exactly where to go in your home.

  • Cleaning pattern: Neat rows
  • Run time: 75 minutes
  • WiFi enabled: Yes
  • Voice assistant integration: Alexa and Google Assistant
£630.68 from Amazon



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Startup life, especially in the early innings, is nothing short of hectic. Who wouldn’t love a clone or two to help get everything done? Well, we can’t clone you, but we can give you more time to sign up and save on a pass to TC Early Stage 2021: Marketing and Fundraising on July 8-9.

We’re extending the early bird deadline to Friday, June 4 at 11:59 pm (PT). Sweet! That should help calm the cray-cray and save you $100 on admission to our virtual two-day bootcamp experience. Of course, you don’t need to wait. Buy your pass now while it’s top-of-mind and feel the joy of having one less task on your to-do list.

Not familiar with TC Early Stage? It’s specifically designed to help new startup founders learn essential entrepreneurial skills to build a successful startup. We tap the very best experts in the startup ecosystem, and they deliver actionable insights you can put in place now, when you need them most.

At TC Early Stage 2021, top-tier investors, veteran founders and respected subject-matter experts will lead highly interactive sessions on topics ranging from fundraising and marketplace positioning to growth marketing and content development. Get answers to your burning questions.

Here’s just one example. Rebecca Reeve Henderson, founder and CEO of Rsquared Communication, will hold forth on how to create an effective earned media strategy for your startup. Talk about an essential skill. Want more examples?

  • Mike Duboe, general partner at Greylock will share the latest growth trends in consumer and B2B technology.
  • Sarah Kunst, founding partner at Cleo Capital, will focus on best practices and offer solid advice on how to get ready to fundraise.

We’re announcing more speakers every week, and we’ll share the event agenda soon, so stay tuned.

TC Early Stage 2021: Marketing and Fundraising takes place on July 8-9, and now you have an extra month to save $100. Calm the cray-cray and take one important, business-building task of your to-do list. Buy your early-bird pass to TC Early Stage 2021 before June 4. We can’t wait to see you there!

Is your company interested in sponsoring or exhibiting at Early Stage 2021 – Marketing & Fundraising? Contact our sponsorship sales team by filling out this form.




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Restoring and preserving the world’s forests has long been considered one of the easiest, lowest cost, and simplest ways to reduce the amount of greenhouse gases in the atmosphere.

It’s by far the most popular method for corporations looking to take an easy first step on the long road to decarbonizing or offsetting their industrial operations. But in recent months the efficacy, validity, and reliability of a number of forest offsets have been called into question thanks to some blockbuster reporting from Bloomberg.

It’s against this uncertain backdrop that investors are coming in to shore up financing for Pachama, a company building a marketplace for forest carbon credits that it says is more transparent and verifiable thanks to its use of satellite imagery and machine learning technologies.

That pitch has brought in $15 million in new financing for the company, which co-founder and chief executive Diego Saez Gil said would be used for product development and the continued expansion of the company’s marketplace.

Launched only one year ago, Pachama has managed to land some impressive customers and backers. No less an authority on things environmental than Jeff Bezos (given how much of a negative impact Amazon operations have on the planet), gave the company a shoutout in his last letter to shareholders as Amazon’s outgoing chief executive. And the largest ecommerce company in Latin America, Mercado Libre, tapped the company to manage an $8 million offset project that’s part of a broader commitment to sustainability by the retailing giant.

Amazon’s Climate Pledge Fund is an investor in the latest round, which was led by Bill Gates’ investment firm Breakthrough Energy Ventures. Other investors included Lowercarbon Capital (the climate-focused fund from über-successful angel investor, Chris Sacca), former Ãœber executive Ryan Graves’ Saltwater, the MCJ Collective, and new backers like Tim O’Reilly’s OATV, Ram Fhiram, Joe gebbia, Marcos Galperin, NBA All-star Manu Ginobilli, James Beshara, Fabrice Grinda, Sahil Lavignia, and Tomi Pierucci.

That’s not even the full list of the company’s backers. What’s made Pachama so successful, and given the company the ability to attract top talent from companies like Google, Facebook, SapceX, Tesla, OpenAI, Microsoft, Impossible Foods and Orbital Insights, is the combination of its climate mission applied to the well-understood forest offset market, said Saez Gil.

“Restoring nature is one of the most important solutions to climate change. Forests, oceans and other ecosystems not only sequester enormous amounts of CO2from the atmosphere, but they also provide critical habitat for biodiversity and are sources of livelihood for communities worldwide. We are building the technology stack required to be able to drive funding to the restoration and conservation of these ecosystems with integrity, transparency and efficiency” said Diego Saez Gil, Co-founder and CEO at Pachama. “We feel honored and excited to have the support of such an incredible group of investors who believe in our mission and are demonstrating their willingness to support our growth for the long term”. 

Customers outside of Latin America are also clamoring for access to Pachama’s offset marketplace. Microsoft, Shopify, and Softbank are also among the company’s paying buyers.

It’s another reason that investors like Y Combinator, Social Capital, Tobi Lutke, Serena Williams, Aglaé Ventures (LVMH’s tech investment arm), Paul Graham, AirAngels, Global Founders, ThirdKind Ventures, Sweet Capital, Xplorer Capital, Scott Belsky, Tim Schumacher, Gustaf Alstromer, Facundo Garreton, and Terrence Rohan, were able to commit to backing the company’s nearly $24 million haul since its 2020 launch. 

“Pachama is working on unlocking the full potential of nature to remove CO2 from the atmosphere,” said Carmichael Roberts from BEV, in a statement. “Their technology-based approach will have an enormous multiplier effect by using machine learning models for forest analysis to validate, monitor and measure impactful carbon neutrality initiatives. We are impressed by the progress that the team has made in a short period of time and look forward to working with them to scale their unique solution globally.” 

 




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AirTags are scarily good at tracking items and ... people. I know because I tried.

Uploads%252fvideo uploaders%252fdistribution thumb%252fimage%252f96201%252f61d4b41a 01e3 4361 9ae5 7a791e2bffba.png%252f930x520.png?signature=byf zc8 thtn47fy79qcskydewc=&source=https%3a%2f%2fblueprint api production.s3.amazonaws Read more...

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Netflix's 'Ghost Lab' trailer sees two doctors trying to find proof of an afterlife

GHOST LAB. The title might sound like that of a kids' film, but Paween Purijitpanya's upcoming Netflix movie is actually a fun-sounding Thai horror about two doctors trying to prove the existence of ghosts.

The trailer sees Gla (Paris Intarakomalyasut) and Wee (Thanapob Leeratanakajorn) growing increasingly obsessed with the afterlife and the quest to discover whether or not there's another world beyond death, resulting in an experiment which gets progressively more and more dangerous.

Ghost Lab swoops to Netflix on May 26. Read more...

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The European Commission has announced that it’s issued formal antitrust charges against Apple, saying today that its preliminary view is Apple’s app store rules distort competition in the market for music streaming services by raising the costs of competing music streaming app developers.

The Commission begun investigating competition concerns related to iOS App Store (and also Apple Pay) last summer.

“The Commission takes issue with the mandatory use of Apple’s own in-app purchase mechanism imposed on music streaming app developers to distribute their apps via Apple’s App Store,” it wrote today. “The Commission is also concerned that Apple applies certain restrictions on app developers preventing them from informing iPhone and iPad users of alternative, cheaper purchasing possibilities.”

The statement of objections focuses on two rules that Apple imposes in its agreements with music streaming app developers: Namely the mandatory requirement to use its proprietary in-app purchase system (IAP) to distribute paid digital content (with the Commission noting that it charges a 30% commission fee on all such subscriptions bought via IAP); and ‘anti-steering provisions’ which limit the ability of developers to inform users of alternative purchasing options.

“The Commission’s investigation showed that most streaming providers passed this fee [Apple’s 30% cut] on to end users by raising prices,” it wrote, adding: “While Apple allows users to use music subscriptions purchased elsewhere, its rules prevent developers from informing users about such purchasing possibilities, which are usually cheaper. The Commission is concerned that users of Apple devices pay significantly higher prices for their music subscription services or they are prevented from buying certain subscriptions directly in their apps.”

Commenting in a statement, EVP and competition chief Margrethe Vestager, added: “App stores play a central role in today’s digital economy. We can now do our shopping, access news, music or movies via apps instead of visiting websites. Our preliminary finding is that Apple is a gatekeeper to users of iPhones and iPads via the App Store. With Apple Music, Apple also competes with music streaming providers. By setting strict rules on the App store that disadvantage competing music streaming services, Apple deprives users of cheaper music streaming choices and distorts competition. This is done by charging high commission fees on each transaction in the App store for rivals and by forbidding them from informing their customers of alternative subscription options.”

Apple sent us this statement in response:

“Spotify has become the largest music subscription service in the world, and we’re proud for the role we played in that. Spotify does not pay Apple any commission on over 99% of their subscribers, and only pays a 15% commission on those remaining subscribers that they acquired through the App Store. At the core of this case is Spotify’s demand they should be able to advertise alternative deals on their iOS app, a practice that no store in the world allows. Once again, they want all the benefits of the App Store but don’t think they should have to pay anything for that. The Commission’s argument on Spotify’s behalf is the opposite of fair competition.”

Spotify’s founder, Daniel Ek, has also responded to the news of the Commission’s charges against Apple with a jubilant tweet — writing: “Today is a big day. Fairness is the key to competition… we are one step closer to creating a level playing field, which is so important for the entire ecosystem of European developers.”

Vestager is due to hold a press conference shortly — so stay tuned for updates.

This story is developing… 

A number of complaints against Apple’s practices have been lodged with the EU’s competition division in recent years — including by music streaming service Spotify; video games maker Epic Games; and messaging platform Telegram, to name a few of the complainants who have gone public (and been among the most vocal).

The main objection is over the (up to 30%) cut Apple takes on sales made through third parties’ apps — which critics rail against as an ‘Apple tax’ — as well as how it can mandate that developers do not inform users how to circumvent its in-app payment infrastructure, i.e. by signing up for subscriptions via their own website instead of through the App Store. Other complaints include that Apple does not allow third party app stores on iOS.

Apple, meanwhile, has argued that its App Store does not constitute a monopoly. iOS’ global market share of mobile devices is a little over 10% vs Google’s rival Android OS — which is running on the lion’s share of the world’s mobile hardware. But monopoly status depends on how a market is defined by regulators (and if you’re looking at the market for iOS apps then Apple has no competitors).

The iPhone maker also likes to point out that the vast majority of third party apps pay it no commission (as they don’t monetize via in-app payments). While it argues that restrictions on native apps are necessary to protect iOS users from threats to their security and privacy.

Last summer the European Commission said its App Store probe was focused on Apple’s mandatory requirement that app developers use its proprietary in-app purchase system, as well as restrictions applied on the ability of developers to inform iPhone and iPad users of alternative cheaper purchasing possibilities outside of apps.

It also said it was investigating Apple Pay: Looking at the T&Cs and other conditions Apple imposes for integrating its payment solution into others’ apps and websites on iPhones and iPads, and also on limitations it imposes on others’ access to the NFC (contactless payment) functionality on iPhones for payments in stores.

The EU’s antitrust regulator also said then that it was probing allegations of “refusals of access” to Apple Pay.

In March this year the UK also joined the Apple App Store antitrust investigation fray — announcing a formal investigation into whether it has a dominant position and if it imposes unfair or anti-competitive terms on developers using its app store.

US lawmakers have, meanwhile, also been dialling up attention on app stores, plural — and on competition in digital markets more generally — calling in both Apple and Google for questioning over how they operate their respective mobile app marketplaces in recent years.

Last month, for example, the two tech giants’ representatives were pressed on whether their app stores share data with their product development teams — with lawmakers digging into complaints against Apple especially that Cupertino frequently copies others’ apps, ‘sherlocking’ their businesses by releasing native copycats (as the practice has been nicknamed).

Back in July 2020 the House Antitrust Subcommittee took testimony from Apple CEO Tim Cook himself — and went on, in a hefty report on competition in digital markets, to accuse Apple of leveraging its control of iOS and the App Store to “create and enforce barriers to competition and discriminate against and exclude rivals while preferencing its own offerings”.

“Apple also uses its power to exploit app developers through misappropriation of competitively sensitive information and to charge app developers supra-competitive prices within the App Store,” the report went on. “Apple has maintained its dominance due to the presence of network effects, high barriers to entry, and high switching costs in the mobile operating system market.”

The report did not single Apple out — also blasting Google-owner Alphabet, Amazon and Facebook for abusing their market power. And the Justice Department went on to file suit against Google later the same month. So, over in the U.S., the stage is being set for further actions against big tech. Although what, if any, federal charges Apple could face remains to be seen.

At the same time, a number of state-level tech regulation efforts are brewing around big tech and antitrust — including a push in Arizona to relieve developers from Apple and Google’s hefty cut of app store profits.

While an antitrust bill introduced by Republican Josh Hawley earlier this month takes aim at acquisitions, proposing an outright block on big tech’s ability to carry out mergers and acquisitions. Although that bill looks unlikely to succeed, a flurry of antitrust reform bills are set to introduced as U.S. lawmakers on both sides of the aisle grapple with how to cut big tech down to a competition-friendly size.

In Europe lawmakers are already putting down draft laws with the same overarching goal.

In the EU, the Commission recently proposed an ex ante regime to prevent big tech from abusing its market power. The Digital Markets Act is set to impose conditions on intermediating platforms who are considered ‘gatekeepers’ to others’ market access.

While over in the UK, which now sits outside the bloc, the government is also drafting new laws in response to tech giants’ market power. It has said it intends to create a ‘pro-competition’ regime that will apply to platforms with so-called  ‘strategic market status’ — but instead of a set list of requirements it wants to target specific measures per platform.




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'Mare of Easttown' is a crime drama that feels like a family feud

The sheer number of television shows that can be described as "curmudgeonly detective solves a dead girl case while their personal/romantic life falls apart" is beyond counting at this point, but the trope is common for a reason. When done well, it makes for really good TV. The newest entry into the pantheon of TV cops with dead townies and big problems is Kate Winslet's Mare Sheehan, the titular character of HBO's Mare of Easttown. And yes, it's one of the really good ones. 

Mare of Easttown takes place in a grubby small-town Pennsylvania nowhere, the kind of place where everyone is kind of related or at least knows everyone else's business. Within the first few minutes of the show, it becomes clear that Mare is more than a detective in Easttown's police force — she's a trusted figure who grew up alongside anyone she may have to apprehend. Mare's home life is complicated by living with her sardonic mother Helen (Jean Smart), being a divorcee whose ex lives right next door, a mother to queer teen Siobhan (Angourie Rice), and a grandmother to a four-year-old boy born of Mare's late son and his drug addicted girlfriend. Read more...

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Save on an innovative security system for your car

TL;DR: Help keep your car secure with the BMMPR One Car Security System, which is on sale for $60 off. As of April 30, use code AUTO339 at checkout to score it for only $339.


From bumps to break-ins, make sure your vehicle is protected around the clock with the BMMPR One Car Security System.

Regardless of what kind of car you drive, you'll have a next-level security system thanks to BMMPR. The device uses integrated sensors to detect bumps, break-ins, battery drains, and more. As soon as an issue occurs, you'll get a notification informing you of what's going on. The BMMPR One Car is also equipped with a built-in GPS tracking system. Read more...

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Get focused with 23% off this pair of wireless earbuds

TL;DR: Focus on your work or your workout with these  Beacon 2.0 True Wireless Earbuds, on sale for $99.99 — a 23% discount — as of April 30.


If you have yet to jump on board the wireless lifestyle or you're simply looking for a headphones upgrade that doesn't come with an Apple price tag, the Beacon 2.0 True Wireless Earbuds are a great option for you.

The Beacon 2.0 buds from LSTN are ergonomically designed and weigh less than an ounce. For your conference calls, you can rely on their 8mm drivers that provide crisp, clear sound, and the built-in mic for simple hands-free use. You'll even be able to customize the headphones to your liking, as each purchase comes with multiple ear tip and wing sizes that offer a dozen different combinations. Read more...

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Find out what makes your pet special with this dog DNA test

TL;DR: Get to know your dog even more with the Orivet Dog DNA Test, which is on sale for 12% off. As of April 30, grab one for only $94.99.


If it seems like there are more folks out walking dogs lately, it’s because there are. Statistics show massive growth in pet ownership since the beginning of the pandemic in the U.S., with about 11.4 million households welcoming a new four-legged friend into their family. If you’re in that pool of people and are interested in learning exactly what makes your new pup unique, snag this Orivet Dog DNA Test kit while it’s on sale.

With a quick cheek swab, the Orivet Dog DNA Test gives you the inside scoop on your dog’s breed, weight predictions, health risks, and more. After you activate your kit online and retrieve your dog’s DNA sample, you’ll ship it back in a prepaid envelope. About three weeks later, you’ll receive your results in your online account. Read more...

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Netflix's adorable 'Pet Stars' is further proof that humans are absurd

Netflix's Pet Stars is ridiculous, but it's not the animals' fault. 

In the adorable five-part reality series, social media masters Colleen and Melissa take viewers on an adventure through their furry, fluffy, feathery, and sometimes scaly day jobs. They're the women behind Pets on Q, a Los Angeles-based talent management company catering to "the biggest animal influencers on social media." I know, "animal influencers." Yuck.

But across the show's five episodes, Colleen, Melissa, and their ark of clients make that vaguely off-putting premise work for them. They take part in Petaluma, California's World's Ugliest Dog Contest; cast and film commercials for popular pet-care products; put on a luxury pet fashion show, complete with daywear, evening wear, and a show-stopping wedding look; walk a big ol' pig named Charlie down Sunset Boulevard in heavy traffic; and get up to many more antics.  Read more...

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NASA's 'mole' tried to dig into Mars. It didn't go as planned.

From the robots that fail miserably at their jobs to the robots dealing with our literal crap, Mashable’s Crappy Robots dives into the complex world of automation — for better or worse or much, much worse. 


After its first attempt to penetrate the rust-colored Martian surface in 2019, NASA's “mole” sent a signal back to Earth.

It was not good news. 

The mole is part of the Heat Flow and Physical Properties Package (HP³) on NASA's InSight lander, which touched down on Mars in 2018. 

Built by the German Aerospace Center, the mole works by hammering itself into the ground. Data sent from the mole showed hammer strokes. But measurements from an optical ruler showed that it hadn't moved much. Read more...

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Two years ago, we talked with Lior Susan, the founder of now six-year-old Eclipse Ventures in Palo Alto, Ca. At the time, the outfit believed that the next big thing wasn’t another social network but instead the remaking of old-line industries through full tech stacks — including hardware, software and data — capable of bring them into the 21st century.

Fast forward, and nothing has changed, not inside of Eclipse anyway. While the world has gone through a dramatic transformation owing to the coronavirus pandemic — never has the U.S.’s crumbling infrastructure been so apparent to so many – Eclipse is backing exactly the same kinds of companies that it always has and with the same size fund. Indeed, after closing its second and third funds with $500 million, the firm quietly closed its fourth vehicle earlier this month with $500 million in capital commitments from predominately endowments.

This morning, we talked with Susan about Eclipse’s focus on revitalizing old industries that remain largely untouched by tech, and why the pitch of Lior and the rest of Eclipse’s team has never been more powerful. Excerpts from that conversation follow, edited lightly for length and clarity.

TC: Because of where Eclipse focuses, you were long aware of the coming supply chain crises that the pandemic brought to the fore. Have your priorities changed at all as an investor? Did you have a to-do list going into 2020 and has that changed?

LS: Not really. We’ve been saying from inception that the infrastructure that we are living in is 50 to 60 years old across the board. We’ve been all of this time in those social software and fintech, new ideas and consumer trends. But we don’t live in the internet, we actually live in the physical world. And the physical world is not [receiving investment] at all. But much of that innovation can be applied to the world in which we are living, and what we want to do is bring that $65 trillion backstage economy into the digital age.

TC: In this go-go market, not a lot of funds are raising the same amounts as they have previously. Why did you choose to do so?

LS: We have a very specific strategy. We only lead early-stage investments in around 22 companies per fund, we [want] 20% to 25% with our initial check, and we double down on companies that we think are breaking out and try to lead two or three rounds in a row. And we know how to run the spreadsheets and we know how to make an assumption [about] what is the enterprise value we need to create in order to deliver alpha returns, and [that math leads us to] $500 million.

TC:  The last time we’d talked, Eclipse had also helped created and funded a company, Bright Machines, which primarily develops software for robotic systems inside of manufacturing companies. Have you launched any other companies in the last couple of years? I remember you don’t like the word ‘incubate.’

LS: We call it venture equity internally, but basically, we are very thesis oriented, so a lot of our investments start with us [circling around] an investment thesis and an area that we believe is getting really interesting. I’m right now working on a thesis around insurance in the manufacturing space [that will cover] working comp, facilities, assets . . . It [always] will start with a one-page thesis and we’ll talk inside the firm about it, and we’ll go hunt. But we don’t find what we like in a lot of cases. This is where we’re like, ‘Okay, we come from operating backgrounds. Why not roll up our sleeves and figure out how we can go and build these companies?’

You’re right that we did Bright Machines. We’ve also done Bright Insight (an IoT platform for biopharma and medtech that just raised $101 million in Series C funding led by General Catalyst), Chord (a commerce-as-a-service software for direct-to-consumer brands that just raised $18 million in Series A funding), and Metrolink (a new company that helps organizations design and manage their data flows). We’ve done [this model] a [few] times where we didn’t just invest in the company but we’re part of the founding team or we’re carving out assets. We’re trying to keep it very flexible.

TC: Interesting that you couldn’t find an insurance company focused on the manufacturing industry that you like.

LS: We have a lot of theses like that. We see a lot of horizontal business models and tech that [could work well] in the verticals where we’re playing and that we know need solutions. So, can you do a Slack for construction, or can you find the right people to build a Lemonade for manufacturing, or can you find the Shopify for industrial assets or spare parts?

TC: What size checks are you writing?

LS: I’d say $3 million to $4 million initial checks and up to $20 million or $25 million in a Series B, but you will find a lot of our companies where we invested $150 million plus over the lifetime of the company.

TC: Which company has attracted the most from Eclipse?

LS: I’d guess Cerebras [Systems, which reportedly makes the world’s largest computer chip].

TC: What do you make of what we’re hearing from the new administration in the U.S. on the infrastructure front. Do you think it’s talking about pouring money into the right verticals?

LS:  I was on a call with the manufacturing task force on Monday, and I will tell you — without getting into politics at all, because that’s above my pay grade — that the current administration is going to pour hundreds of billions of dollars, if not trillions of dollars, into upgrading the infrastructure of this country. And it’s going to be semiconductors, batteries, manufacturing, industrial infrastructure as a whole . . .

[I think last year’s ventilator shortage made clear] that we’d lost 100% of the manufacturing capabilities of this country and Western countries as a whole. And I think everyone now understands that you’re going to see a massive swing of investment in infrastructure and the only way to do it is through technology, because we actually don’t have a million people here that want to [work on an assembly line].  We actually need automation lines and software and computer vision and machine learning and everything that Silicon Valley is really good at.

TC: You have insight into what’s happening on the semiconductor front through Cerebras and other bets. There’s obviously a huge chip shortage that’s impacting everyone, including the auto industry. How long will it take for supply to catch up to demand?

LS: I think we’re going to see some big changes, but it’s  going to take many, many, many years. This is not software, we cannot bring everything up [to speed overnight] as you actually need fabs and cleaning rooms and assets. It’s pretty complicated.

It’s going to get worse in the next couple of quarters. It’s good for some of our companies that are working on the problem, but overall, as an economy, it’s pretty bad news.




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Once the uncool sibling of a flourishing fintech sector, insurtech is now one of the hottest areas of a buoyant venture market. Zego’s $150 million round at unicorn valuation in March, a rumored giant incoming round for WeFox, and a slew of IPOs and SPACs in the U.S. are all testament to this.

It’s not difficult to see why. The insurance market is enormous, but the sector has suffered from notoriously poor customer experience and major incumbents have been slow to adapt. Fintech has set a precedent for the explosive growth that can be achieved with superior customer experience underpinned by modern technology. And the pandemic has cast the spotlight on high-potential categories, including health, mobility and cybersecurity.

Fintech has set a precedent for the explosive growth that can be achieved with superior customer experience underpinned by modern technology.

This has begun to brew a perfect storm of conditions for big European insurtech exits. Here are four trends to look out for as the industry powers toward several European IPOs and a red-hot M&A market in the next few years.

Full-stack insurtech continues to conquer

Several early insurtech success stories started life as managing general agents (MGAs). Unlike brokers, MGAs manage claims and underwriting, but unlike a traditional insurer, pass risk off their balance sheet to third-party insurers or reinsurers. MGAs have provided a great way for new brands to acquire customers and underwrite policies without actually needing a fully fledged balance sheet. But it’s a business model with thin margins, so MGAs increasingly are trying to internalize risk exposure by verticalizing into a “full-stack” insurer in the hope of improving their unit economics.

This structure has been prevalent in the U.S., with some of the bigger recent U.S. insurtech IPO successes (Lemonade and Root), SPACs (Clover and MetroMile), and more upcoming listings (Hippo and Next) pointing to the prizes available to those who can successfully execute this expensive growth strategy.




via Tingle Tech

Become a cybersecurity expert with this stacked exam prep bundle

TL;DR: The CompTIA Security Infrastructure Expert Bundle is on sale for £21.62 as of April 30, saving you 97% on list price.


If you're looking to enter the booming field of cybersecurity, consider starting with educational materials like this CompTIA Security Infrastructure Expert Bundle.

This four-course training program has been recently updated with 111 hours of content designed to prepare you for relevant CompTIA cybersecurity exams, like Security+, CySA+, CASP, and PenTest+.

Through an "edutainment"-style format, you’ll learn how to implement cryptographic techniques and integrate advanced authentication and authorisation techniques in the CASP+ course. Then, you'll explore conducting passive and active reconnaissance, dive into planning and scoping penetration tests, and analyse vulnerabilities in the PenTest+ guide.  Read more...

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Mix up your home workouts with access to this library of online classes

TL;DR: A one-year subscription to Studio SWEAT onDemand is on sale for £71.37 as of April 30, saving you 60% on list price.


Working out at home was fun at first, but it’s starting to feel a bit mundane. Sometimes it’s hard to get motivated to do the same old workout when the sofa is calling your name from a few feet away. That’s why it’s important to be able to bring your workout wherever your day takes you — rather than restricting yourself to the same four walls.

With a subscription to Studio Sweat onDemand (SSoD), you can access on-demand fitness classes from anywhere — your home, a hotel, a campsite, the local park, or even the gym whenever you feel comfortable returning. Workouts can be streamed to your smart TV, desktop, tablet, phone, gaming consoles, or practically any other device, so you’ll always have access. You can even download the workouts in advance if you know you won’t have WiFi access.  Read more...

More about Fitness, Subscription Services, Mashable Shopping, Tech, and Health


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Nearly a year after its last layoff, online coding bootcamp Lambda School just announced more cuts amid a broader structuring. In a blog post, CEO and founder Austen Allred said that the startup, which raised a $74 million Series C in August, is laying off 65 employees. 

The roles that were cut span senior product, engineering, design, community management, or instructional staff. There is a Google form for companies to post job opportunities for new Lambda School alumni. 

“We have been working for years on making incentive-aligned education work,” Allred wrote in a tweet. “It’s harder than we initially thought; we’ve had to invent a lot from scratch simultaneously and we have to get a lot of things exactly right.”

Lambda School creates online bootcamps in the career and technical space — and it’s also a pioneer of the ISA, an income share agreement, touting it as a vital way to finance employment-ready education. ISAs essentially allow students to avoid paying upfront fees to attend a bootcamp, and then ultimately pay back class fees through a percent of their future income. A number of startups have taken the ‘Lambda School for X’ format, such as Henry and Microverse. Other companies also offer ISAs such as Pursuit, V School, Launch School, and the Grace Hopper Program, one analysis shows. 

The pandemic, and volatile economic circumstances, have made ISAs a harder route. Allred said that some startups pivoted from the model, but it appears that Lambda School will not. It’s still a hard thing to finance as a startup, since the company is essentially in a waiting game of debt until students pay. The company might be looking at a variety of ways to fund the ISA business, one of which got them in hot water years ago. 

 “We have a lot of interest in purchasing the income share agreements at the point of graduation, from investment funds and that kind of thing,” Allred said back in April 2020. 

We don’t know how exactly the restructuring will look from a strategy perspective, beyond the fact that Lambda School is pausing new enrollment in part-time programs. . Earlier this month, Lambda School announced a new partnership with Amazon: a back-end engineering program that will last for nine months. Since the program is full-time, it is likely not impacted by the restructuring. 

Today’s call by Lambda School illustrates how hard it is to build an edtech company that is truly doing something new. The company has a lot of stakeholders with different incentives to consider: students saving money, businesses making money, and venture capitalists who have given millions and millions to the company expecting some type of exit one day. 

“Despite these changes, our mission remains the same. As we move forward, we will continue to focus on unlocking opportunity, regardless of circumstance, for everyone willing to put in the work,” the blog post reads. Allred didn’t immediately respond to request for comment




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Weight loss apps don't help users with one really important thing

There is a secret to weight loss that should be more widely known and it has nothing to do with supplements, specialized diets, or intermittent fasting. Instead, it's something that countless people, especially after a yearlong pandemic, have in common: trauma. 

Scientists began understanding the relationship between weight gain and trauma decades ago. Since then, they've learned that negative, life-altering experiences can lead to weight gain and difficulty losing weight. These findings bubble up in pop culture and media coverage periodically. Surprisingly, however, that critical insight is nowhere to be found in the place you'd most expect it.  Read more...

More about Mental Health, Weight Loss, Social Good, and Health


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Venture Day Minsk (organised by tech startup hub Imaguru) is run annually, but because of the pandemic and the political situation in Belarus it has gone virtual. Even Imaguru itself has had to switch to online-only operations after Lukashenko’s thugs shut down its physical space. If you want to support them, check out their startups, and maybe grab a T-shirt.

There are are always interesting startups to watch out of Belarus, a country which has produced startups like Splitmetrics, MSQRD, PingFin, DEIP and TrackDuck well as PandaDoc.

A run-down of who is pitching in below.

You can tune in to the live stream here. Investors can network with the startups here. And you can join the startup pitches on Clubhouse here. On twitter the hashtag is here.

Startups pitching:

1 – TeenUP: learning video platform teens-2-teens to unlock the teenagers’ potential and personality @TeenUP12

2 – Dignity: app for Business & Personal needs to talk, organize, sell, pay & manage without middlemen, make your Digital life private and secure your Assets #dignity

3 – Voxmate: an intuitive, gesture-based, Android app for people who are blind or visually impaired. It makes news, books, games and instant messaging accessible in a completely new way @voxmateapp

4 – LabMap App: app to explain laboratory tests in 24 hours in a clear language and monitor the state of health and the dynamics of biological indicators.

5 – Pigpughttps://pigpug.co/: AI neurofeedback brain training system for kids with ADHD and ASD @PigPugHealth

6 – SOVA App: mobile app for overwhelmed, exhausted or anxious people to get stress relief fast and sleep well by night rituals  #sovaapp

7 – Itgen: an online edu platform for 1-1 live tutoring for kids from 8 to 16 years old @itgenik

8 – Filmustage: app which highlights breakdown elements in movie/game screenplays in seconds, changing the process from breakdown creation to breakdown discussion @filmustage

9 – DjinnSensor: IoT & cloud solution to manage indoor environment #djinnsensor

10 – Skinive: a Skincare AI-Assistant, based on the DL & CV technologies & medical experience which enables you to check your skin spots within 30 seconds. @skinive1

11 – FARBA: a professional apps design and prototyping tool  #farbaapp




via Tingle Tech

The pandemic has hammered the travel sector over the past 12 months so you’d be forgiven for feeling a bit of pre-COVID-19 déjà vu at this news: Business trip booking platform TravelPerk is announcing a $160M Series D.

The round, which is a mix of equity and debt funding, is led by London-based growth equity firm Greyhound Capital. Existing investors also participated (specifically: DST, Kinnevik, Target Global, Felix Capital, Spark Capital, Heartcore, LocalGlobe and Amplo).

No valuation is being disclosed, nor is the split between equity and debt. So it’s a bit more of a convoluted ‘vote of confidence’ vs TravelPerk’s pre-pandemic raises — as you’d expect given the locked down year we’ve all had.

The Series D means the 2015-founded Barcelona-based startup has pulled in a total of $294M to-date for its user-friendly retooling of business trip booking geared toward ‘global SMEs’, following a top-up of $60M (in 2019) to its 2018 $44M Series C — which itself fast-followed a $21M Series B that same year.

TravelPerk’s approach is akin to a consumerization play for the (non-enterprise end of) business trip booking, combining what it bills as “the world’s largest bookable travel inventory” — letting users compare, book and invoice trains, cars, flights, hotels and apartments from a range of providers including Kayak, Skyscanner, Expedia, Booking.com, and Airbnb — with tools for businesses to manage and report trips.

There’s the obligatory freemium tier for the smallest teams. It also offers 24/7 traveler support, a flexible booking option and an open API for custom integrations.

There was no funding announcement for TravelPerk in 2020, as investors took a break from the pandemic-struck sector. But earlier this year it told TechCrunch it had been starting to see interest picking up again, as of fall 2020. The closing of a Series D now — albeit debt and equity — suggests VCs are getting over the worst of their travel wobbles.

(Another sign on that front is the $155M Series E raise for U.S.-based TripActions, which closed in January on a $5BN valuation, as U.S. corporate travel lifted off from 2020’s lows.)

TravelPerk’s PR talks bullishly about momentum and using the funds to accelerate ‘global growth’, even as the coronavirus continues to hit parts of Europe and the U.S. — its two main markets — despite what are relatively advanced vaccination rollouts (especially the US) vs other parts of the world.

At the time of writing, COVID-19 is taking a particularly heavy toll on India, where the health system looks to be careening out of control in the face of a massive wave of infections. Parts of Latin America are also struggling. A third of the way through 2021 the pandemic looks far from done. And that makes for a still uncertain outlook for business travel over the coming months.

The typical pre-pandemic business trip is now a Zoom call, while former conference calls may have morphed into emails or group chatter in Slack. And there’s no immediate reason for that to change, given remote-working professionals have had a year to adjust to a richer mix of digital comms tools.

In 2021 it’s hard to imagine an overwhelming return for business travel — not least as plenty of offices remain shuttered. The contagion risk vs hard-to-quantify in-person networking rewards associated with non-essential business trips will surely see work trips remaining a hard sell for a lot of companies.

Still, TravelPerk and its investors are willing to bet that work trips will rebound — in time.

The plan is to be ready to meet what it expects will be a far more ‘moveable feast’ of business travel demand in the future.

“Travel is definitely coming back,” says CEO and co-founder, Avi Meir. “We can see that already with the numbers. In the US for instance, we can see a 70-75% recovery in domestic flights compared to the baseline before COVID-19.

“In Europe it’s a little less certain right now, as vaccine rollout isn’t as fast, but you can look to other parts of the world and with some degree of certainty predict what the European recovery will eventually look like by looking at those examples.”

“We expect the overall global recovery in travel to be uneven over the next year, with different countries reopening at different times, meaning constantly changing guidelines and restrictions,” he goes on. “We’ll continue living in a stage of uncertainty probably for the next 12 months or longer.

“We’ve realised from speaking to our customers that the demand for travel is there, people are eager to do these trips, but this period of uncertainty makes it difficult for them so we’re focused on finding solutions that can address that.”

TravelPerk didn’t sit on its hands last year as global business travel cratered. Instead, it focused on investing in product development, making bets on how it needs to tool up for the new climate of increased uncertainty — including by taking a number of steps toward making its business more resilient to the ravages of COVID-19.

Last October it launched an API — saying it wanted to help the wider travel industry access up to date info on coronavirus restrictions. It also picked up a risk management startup, called Albatross, back in July, to feed its own resilience efforts.

Another more recent acquisition was geared toward scaling its business in the U.S. — where domestic travel looks to be recovering faster than Europe. In January it announced it was buying YC-backed rival NexTravel — gaining a base in Chicago.

At the same time, it inked a partnership with Southwest Airlines to plug a key gap in its U.S. offering.

Meir avoids breaking out any revenue growth projections for the U.S. or Europe for this year or next, when we ask, which suggests he’s preparing for lean growth in the short term.

What he does say is that investors were impressed TravelPerk managed to grow its customer base 2x in 2020 (it now has 3,000+ businesses using its platform, including a bunch of familiar startup names) — and that it avoided making layoffs (when other travel businesses swung the axe).

“Last year we doubled the size of our customer-base and we now have over 3,000 businesses using the platform, including the likes of Wise, Farfetch, GetYourGuide and Monzo. The travel budget under management also increased by almost 100% over the last 12 months,” he tells TechCrunch.

“The reason we had such interest from investors with this round is because we had, given the context, a really good 2020. We doubled our customer base, avoided making layoffs, and most importantly we were there for our customers when they needed us, constantly investing in the product to enable safe travel during Covid.”

The thesis TravelPerk is now working to is that “flexibility, safety and sustainability” will be more important than ever for business travellers, per Meir.

“Flexibility, because travel still has a lot of friction due to the different restrictions and travel lockdowns mean that a trip could be cancelled at really short notice,” says Meir. “Safety, so that every traveler knows not only what specific health requirements are in place at their destination, but also that they will get updates in real time if anything changes. Sustainability, because in this period businesses have been taking stock and realising that we all have to do more in terms of our environmental impact — and of course travel is a big part of this.”

“We have worked hard to respond quickly to these requirements,” he continues. “We updated our product and product roadmap to better match these new needs. Our flexible booking tool FlexiPerk [which TravelPerk happened to launch pre-pandemic, in summer 2019] guarantees refunds on cancelled trips at short notice; our risk-management API TravelSafe keeps travellers updated in real time on local health guidelines and restrictions; and GreenPerk, our sustainability tool, directly reduces carbon emissions through initiatives run by our partner Atmosfair.”

Sustainability and business travel aren’t a natural pairing, however. Certainly not for air travel — where environmental groups accuse carbon offsetting schemes of boiling down to ‘greenwashing’ when what’s really needed to achieve a reduction in CO2e emissions is for people to take fewer flights.

TravelPerk launched its GreenPerk offsetting scheme in February 2020, letting customers pay a fee per carbon tonne to cover its guesstimate of the total emissions toll their trip will generate. But it’s only been applied to 10% of its business volume so far.

With 90% not even being offset, you hardly need to be Greta Thunberg to call that the opposite of ‘sustainable’.

Still, Meir says he expects the offset percentage to “grow rapidly”. “We intend to use this funding to develop GreenPerk even further,” he says, adding: “We want to be the standard bearer for the industry in terms of sustainable business travel.”

However when asked whether TravelPerk might seek to advance sustainability by supporting digital replacement itself (such as by being able to offer its users videoconferencing as an alternative to flying) he declines to comment, saying: “We don’t have anything to share yet on how we’ll advance that goal [sustainability] right now, but we’re working on some exciting ideas!”

Coming up with creative ways to reduce the need for business travel certainly doesn’t feature in TravelPerk’s near term vision.

Meir predicts a “full comeback” for business travel — arguing that “the meetings that matter happen in person” — while conceding that the travel industry will nonetheless be very different. (Hence its goal of “building the products for that [more flexible] future”.)

“We expect to double down on growth in the U.S. and Europe and that includes making key hires across all roles, especially in our hubs in Chicago, London, and Barcelona,” he says, adding that it expects the team to grow “rapidly” in the next 12-24 months (without putting any numbers on the planned hires).

TravelPerk will also continue to eye acquisition targets, per Meir. “Following our first two acquisitions, of Albatross and NexTravel, this funding round will also help us to continue being aggressive in our growth strategy. We aim to complete more acquisitions this year,” he says on that. 

“Whilst many other providers have been in hibernation over the past year, we’ve been aggressive, continuing to update our product and growing our customer base, and we think that gives us a great foundation for growth in 2021 and beyond,” he adds.

Commenting on the Series D in a statement, Pogos Saiadian, investor at Greyhound Capital, said: “There is no doubt that from 2021 onwards the average business trip will look very different to how it did in 2019. We are confident that business travel will recover and thrive in the years ahead. We also believe that people will, more than ever before, need a platform like TravelPerk that has deep inventory, excellent ‘seven-star’ customer service, provides a great traveler experience and integrates with the broader tech-stack.

“We believe that this is a huge long-term opportunity, and as customers ourselves, we see first-hand the tremendous value that TravelPerk provides across organizations, from finance to admin and the travellers themselves. The fact the company is beating growth expectations already for this year further supports our belief that TravelPerk is a true market leader, and we are delighted to be supporting the next stage of the company’s growth with this investment.”

 




via Tingle Tech

The European Parliament approved a new law on terrorist content takedowns yesterday, paving the way for one-hour removals to become the legal standard across the EU.

The regulation “addressing the dissemination of terrorist content online” will come into force shortly after publication in the EU’s Official Journal — and start applying 12 months after that.

The incoming regime means providers serving users in the region must act on terrorist content removal notices from Member State authorities within one hour of receipt, or else provide an explanation why they have been unable to do so.

There are exceptions for educational, research, artistic and journalistic work — with lawmakers aiming to target terrorism propaganda being spread on online platforms like social media sites.

The types of content they want speedily removed under this regime includes material that incites, solicits or contributes to terrorist offences; provides instructions for such offences; or solicits people to participate in a terrorist group.

Material posted online that provides guidance on how to make and use explosives, firearms or other weapons for terrorist purposes is also in scope.

However concerns have been raised over the impact on online freedom of expression — including if platforms use content filters to shrink their risk, given the tight turnaround times required for removals.

The law does not put a general obligation on platforms to monitor or filter content but it does push service providers to prevent the spread of proscribed content — saying they must take steps to prevent propagation.

It is left up to service providers how exactly they do that, and while there’s no legal obligation to use automated tools it seems likely filters will be what larger providers reach for, with the risk of unjustified, speech chilling takedowns fast-following. 

Another concern is how exactly terrorist content is being defined under the law — with civil rights groups warning that authoritarian governments within Europe might seek to use it to go after critics based elsewhere in the region.

The law does include transparency obligations — meaning providers must publicly report information about content identification and takedown actions annually.

On the sanctions side, Member States are responsible for adopting rules on penalties but the regulation sets a top level of fines for repeatedly failing to comply with provisions at up to 4% of global annual turnover.

EU lawmakers proposed the new rules back in 2018  when concern was riding high over the spread of ISIS content online.

Platforms were pressed to abide by an informal one-hour takedown rule in March of the same year. But within months the Commission came with a more expansive proposal for a regulation aimed at “preventing the dissemination of terrorist content online”.

Negotiations over the proposal have seen MEPs and Member States (via the Council) tweaking provisions — with the former, for example, pushing for a provision that requires competent authority to contact companies that have never received a removal order a little in advance of issuing the first order to remove content — to provide them with information on procedures and deadlines — so they’re not caught entirely on the hop.

The impact on smaller content providers has continued to be a concern for critics, though.

The Council adopted its final position in March. The approval by the Parliament yesterday concludes the co-legislative process.

Commenting in a statement, MEP Patryk JAKI, the rapporteur for the legislation, said: “Terrorists recruit, share propaganda and coordinate attacks on the internet. Today we have established effective mechanisms allowing member states to remove terrorist content within a maximum of one hour all around the European Union. I strongly believe that what we achieved is a good outcome, which balances security and freedom of speech and expression on the internet, protects legal content and access to information for every citizen in the EU, while fighting terrorism through cooperation and trust between states.”




via Tingle Tech

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