The DOJ challenges Visa's acquisition of a fintech startup, Apple releases the latest version of iOS, and goPuff acquires an iconic alcoholic retailer. This is your Daily Crunch for November 5th, 2020.
The big story: DOJ files strive to stop Plaid acquisitionThe Department of Justice is challenging Visa's $ 5.3 billion acquisition of financial services startup Plaid. There were reports last month that the DOJ was investigating the acquisition, but now the department has actually filed a lawsuit.
"By purchasing Plaid, Visa would eliminate a nascent competitive threat that would likely result in substantial savings and more innovative online debit services for merchants and consumers," DOJ said.
Visa responded in a statement claiming that the lawsuit shows "a lack of understanding of Plaid's business and the highly competitive payments landscape in which Visa operates."
The tech giantsFacebook Eliminates 'Stop the Steal 2020' Group Organizing Around False Claims of Electoral Cheating: Facebook eliminated a group that had amassed more than 300,000 members by sharing misinformation and organizing false allegations of impropriety during the 2020 election.
Apple releases iOS 14.2 with new emojis and an accessibility feature that locates people with lidar - Among other things, this version introduces more than 100 new emojis.
Review: Microsoft's Xbox Series X is ahead of its time - this thing has a lot of specs behind it.
Startups, financing and venture capitalDelivery startup goPuff acquires BevMo for $ 350 million - This comes less than a month after goPuff announced a $ 380 million round that valued the startup of $ 3.9 billion.
Proctorio used the DMCA to remove a student's critical tweets: A series of tweets from a University of Miami student who was critical of a proctoring software company was hidden from Twitter after the company filed a copyright takedown notice.
Vivid Money raises $ 17.6 million for its European challenger bank: Vivid Money is a challenger bank with some interesting features.
Tips and analysis from Extra CrunchThree Tips for SaaS Founders Hoping to Join the $ 1 Million ARR Club - Building a SaaS business is much, much harder if you approach it without a proven process.
Implementing a data-driven approach to ensure fair, equitable and transparent employee compensation - Lack of clarity can lead to confusion and negative feelings that affect our productivity and relationships with our employers.
Inside fintech startup Upstart's IPO filing - The fintech startup facilitates lending between consumers and partner banks, an operation that attracted approximately $ 144 million in equity prior to its IPO.
(Reminder: Extra Crunch is our membership program, which aims to democratize startup information. You can sign up here.)
All the restThe Department of Justice claims it has seized over $ 1 billion worth of bitcoins from the Silk Road drug market - In a statement today, the Department of Justice confirmed that it has seized the 70,000 bitcoins generated in revenue from selling drugs on the drug market. Silk Web.
NASA wants new and innovative storytelling technology to document its missions to Artemis's moon - NASA has issued a new call for proposals from partners that could help it integrate its own storytelling in new and innovative ways.
Podcast Mixtape: Wellbeing in a Time of Struggle - Marah Lidey, co-founder and co-CEO of Shine, talks about mental health, venture capital, portfolio diversity and connecting with other founders.
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