Clubhouse is rolling out the ability to send payments directly to other users, partnering with digital payment company Stripe to facilitate the feature.
Why it matters: Clubhouse has touted plans to help conversation hosts generate revenue on the app amid a growing push for creators of digital and social media content be better compensated. Hosts receiving money will get to keep the entire amount for now.
Why it matters: The move shows that even many organizations that don't like Facebook nonetheless find it an effective way to reach people online.
The Supreme Court handed Google a major victory on Monday, marking an end to a bitter battle between two tech giants over the use of software and copyrights.
Driving the news: The Supreme Court ruled 6-2 Monday in favor of Google in its long-running copyright dispute with Oracle.
The Supreme Court vacated a lower court ruling that found former President Trump violated the First Amendment by blocking followers on Twitter, ordering the case to be dismissed as moot now that he is no longer in office.
Between the lines: Though the Supreme Court did not rule on the merits of the case, Justice Clarence Thomas wrote in a concurring opinion that the "unprecedented" amount of control that Twitter and other digital platforms have over speech must be addressed in the future.
Cleo Capital is raising $20 million for its second venture capital fund and has added Earn.com co-founder Matt Pauker as a second general partner, Axios has learned. It just held a $6.7 million first close, per an SEC filing.
Why it matters: Cleo is one of a (still) small number of Black-led VC firms, and an even smaller number to raise more than a first fund.
While antitrust lawsuits and Capitol Hill hearings get headlines, Big Tech's biggest threat in Washington may come from the Federal Trade Commission.
Why it matters: The FTC is gearing up to flex its muscle, by both enforcing current rules and trying to draft new ones. And it may be able do so relatively quickly.
After years of trying to turn its fortunes around, Korea's LG said it would exit the mobile phone business globally.
Between the lines: The phone business is a hard one to make profitable for all but the largest players. LG was once one of those, but hasn't been for many years, and had no clear path to change that.