Instacart's Major Valuation Adjustment and Its Market Implications

Will the new EU Digital Markets Act mean that all messaging could soon become as interoperable as email? Some serious smoke around the whole grand unifying Apple subscription fire. Why Instacart is voluntarily lowing its valuation. And, of course, the weekend longreads suggestions.

Sponsors:

• Codecademy.com promocode ride

Links:

• EU negotiators agree new rules to rein in tech giants (Politico)
• Apple Is Working on a Hardware Subscription Service for iPhones (Bloomberg)
• Lapsus$: Oxford teen accused of being multi-millionaire cyber-criminal (BBC News)
• Instacart Slashes Its Valuation by Almost 40% to $24 Billion (Bloomberg)

Weekend Longreads Suggestions:

• LAPSUS$: How a Sloppy Extortion Gang Became One of the Most Prolific Hacking Groups (Motherboard/Vice)
• The Man Behind Ethereum Is Worried About Crypto's Future (Time)
• There's something off about ApeCoin (Platformer)
• Of Course We’re Living in a Simulation (Wired)
• Nicolas Cage Can Explain It All (GQ)

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