Samsung's vice chairman receives presidential pardon for bribery conviction

TechCrunch Newsletter [TechCrunch logo]( [The Daily Crunch logo]( By [Christine Hall]( and [Haje Jan Kamps]( Friday, August 12, 2022 Last night was a full moon, somehow it’s already halfway through August, and did you know there’s [a Beach Plum LaCroix flavor](? The world’s gone topsy-turvy, but at least it’s time for the weekend. What did you do this week that made you feel alive? Can you do more of that next week? And that concludes our microtherapy session. Now, let’s get on with the news. — [Christine]( and [Haje]( [ image] Image Credits: SeongJoon Cho / Bloomberg / Getty Images The TechCrunch Top 3 - [Pardon me](: A presidential pardon is restoring Samsung’s vice chairman Jay Lee’s ability to take the company’s helm. Lee had been convicted on bribery charges in 2017, and the pardon will erase it, [Kate]( writes. - [5G begets 4G](: Yeah, you read that right. Amazon launched AWS Private 5G so companies can build their own 4G networks…for now, [Paul]( writes. This is something that has been [in the works since late 2021](, and the company said eventually there will be capabilities for 5G networks. - [Location obliteration](: [Natasha L]( explains how Google was fined $40 million by Australia’s government, which found the tech giant had misled consumers about its Android location tracking settings. Startups and VC Don’t miss [Brian](’s Actuator newsletter, which is usually all about the state of hardware and robotics, but today is [mostly about Amazon and iRobot](. And for your daily dose of levity, don’t miss [Amanda](’s excellent piece of satire: [FWD: fwd: From the CEO: BeCareful while you BeReal!]( A few more highlights: - I’d subscribe to that salad: Positive Food [raised $7 million in funding as it goes after the $34 billion fresh prepared foods market](, reports [Christine](. - Tumbling into a whirlwind: [Manish]( reports that an individual suspected of being [a developer of the U.S.-sanctioned crypto anonymizing service Tornado Cash]( has been arrested. Privacy advocates ain’t happy. - Time for some zen news: It’s a modest Series C, but the Toronto-based[maker of the Muse meditation headband raised $9.5 million]( and is launching new subscription services, [Brian]( reports. - Like Slack but top secret: Big among European government clients in particular, the secure messaging app[ Wire grabs a €24 million Series C round](, reports[Natasha L](. - Tune in on August 17: We’re hanging out with Ethena’s CEO Roxanne Petraeus and Homebrew’s Hunter Walk on TechCrunch Live, talking about[identifying underserved market segments]( next week. Set yourself a little reminder — this one’s gonna be good. [What does the future look like for e-commerce aggregators?]( In the video game Katamari Damacy, players control an avatar who rolls a sticky ball that captures anything it touches. The goal: create a sphere large enough to become a star or moon. E-commerce aggregators work in much the same way by purchasing smaller brands, then optimizing their manufacturing and sales channels to boost market share. This model was effective in a prevaccine era when consumers stopped visiting stores, but is the brand-rollup model still viable today? “Decreased consumer confidence, inflated brand value and a freeze in investment capital are creating a perfect storm,” says David Wright, co-founder and CEO of e-commerce accelerator Pattern. “Unless aggregators change how they operate, their future is bleak at best and nonexistent at worst.” (TechCrunch+ is our membership program, which helps founders and startup teams get ahead.[You can sign up here](.) [Read More]( [What does the future look like for e-commerce aggregators? image] Image Credits: iLexx / Getty Images Big Tech Inc. Have you seen these ransomware group members? The U.S. government is [offering $10 million]( in exchange for information leading to the identification and location of members of the Russia-based Conti ransomware operative, [Carly]( writes. Speaking of alleged fraudulent behavior, [Manish]( writes about India’s anti-money-laundering agency [freezing $46.4 million in assets]( belonging to Singapore-based crypto exchange Vauld while it looks into the company’s business practices. Meanwhile, [Brian]( looks into [what’s happening over at Boston Dynamics]( after being acquired by Hyundai in 2020, which includes a new artificial intelligence and robotics institute buoyed by $400 million. - Pew study reveals what we’ve known for a while: That [teens are not using Facebook anymore](. The study found that Facebook lost like half of its users aged 13–17 since 2015, [Amanda]( reports. - You have to spend money to make money: That’s what Rivian’s leadership is saying anyway. The [electric vehicle maker is sticking to its plans]( to deliver 25,000 vehicles by the end of the year, but it is going to have to burn through $700 million to do so, [Harri]( reports. - Your neighbor just got interesting or creepy, not sure which yet: If you’ve ever wanted to [see what happens on other people’s Ring doorbells](, MGM, which is owned by Amazon, is prepared to make you happy, [Amanda]( writes. - Friday features: Let’s take a stroll through some new app features, shall we? [Aisha]( reports on [Instacart’s new feature]( for really hungry but also indecisive customers, and she explores [LinkedIn’s new creator tools]( designed to better share visual content. Meanwhile, Google is updating the search quality of its “[featured snippets](,” [Taylor]( writes. [Read more stories on TechCrunch.com]( Newest Jobs from Crunchboard - [Lead Policy Researcher (Associate/Full Specialist) - UC Berkeley Labor Center - Institute for Research on Labor and Employment at University of California Berkeley (Berkeley, CA, USA)]( - [Product Support Engineer at Veeva (Columbus, OH, USA)]( - [Senior Software Engineer at Siemens Healthcare (Hoffman Estates, IL, USA)]( - [Software Developer at MedLab2020, Inc. (Irvine, CA, USA)]( - [Full Stack Developer - Remote at TheoremReach (Madison, WI, USA)]( [See more jobs on CrunchBoard]( [Post your tech jobs]( and reach millions of TechCrunch readers for only $200 per month. [Facebook]( [Twitter]( [Youtube]( [Instagram]( [Flipboard]( [View this email online in your browser]( [Privacy Policy]( | [Terms of Service]( | [Unsubscribe]( © 2022 Yahoo. All rights reserved. 110 5th St, San Francisco, CA 94103