This Week in Startups CCP closes foreign IPO loophole + Audius’ Roneil Rumburg: decentralized project crash course | E1273
Aug 27, 2021
Roneil Rumburg, Co-founder of Audius, a revolutionary decentralized music platform, dives into how blockchain is reshaping the industry. He discusses empowering artists to engage directly with fans through instant transactions and tokenization. The conversation touches on the economic dynamics of decentralized networks and contrasting governance structures, revealing how Audius challenges traditional music distribution models. Rumburg also shares insights on the importance of transparency in investor relations within the crypto space.
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China's IPO Ban
- China is banning US IPOs for big tech companies with sensitive consumer data.
- They are closing the VIE loophole previously used by companies like Alibaba and Didi.
China's Algorithm Regulations
- China's Cyberspace Administration of China (CAC) released draft regulations for algorithms.
- Users must be able to see and delete keywords used to profile them and opt out of personalized results.
CCP's Control Over Algorithms
- The Chinese Communist Party (CCP) aims to control algorithms to maintain social harmony and prevent public dissent.
- Trending topics that criticize the CCP or could lead to protests are suppressed.