Fidelity makes more cuts to Reddit, Discord valuations

TechCrunch Newsletter [TechCrunch logo]( [The Daily Crunch logo]( By [Christine Hall]( Friday, June 30, 2023 Today, [Fidelity got out the knife again]( to go after the value of its holdings in companies, including Reddit, Discord and Gupshup. Next, if you’re using an ad blocker on YouTube, the streaming giant is [about to test the limits]( of your patience with a new experiment. Meanwhile, a company with a very transparent name, Taiwan Semiconductor Manufacturing Company, [confirmed a data breach](. We’re also trying to figure out if there’s a glitch over at Twitter or if the company is indeed [no longer allowing non-Twitter users to read tweets](. And WhatsApp doesn’t want you to leave your chat on an old phone, so it created a new [QR-code-based local data transfer method](. [ image] Image Credits: Rafael Henrique/SOPA Images/LightRocket / Getty Images More top stories Now let’s talk about Apple: Apple is celebrating today after its market cap hit $3 trillion — again. Actually, the company has been celebrating a lot so far this year. Not only is Apple’s stock doing well, but the launch of the augmented reality headset [Apple Vision Pro]( seems to be well-received. [Find out what else might have led to this](. It’s not a Figma-ent of your imagination: The U.K.’s Competition and Markets Authority is preparing for the next step in its investigation into Adobe’s proposed $20 billion Figma acquisition. [Catch up on what’s going on](. The block stops here: Twitter was dealt a blow this week when an Indian court dismissed its [lawsuit against the federal government]( that sought to challenge New Delhi’s block orders on tweets and accounts. [Get the scoop on what happened](. ByteDance wants to make music: TikTok parent ByteDance has a new music creation and audio editing app that is now in closed beta in the U.S. [It’s likely to have a “Ripple” effect on the industry](. Starting on a high note: Voice.ai raises $6 million for its technology that enables you to change your voice. [And it’s gaining hundreds of thousands of users](. We don’t like to MOVEit MOVEit: Two Northeast colleges confirmed that the Teachers Insurance and Annuity Association of America, a teachers retirement fund, was caught up in a breach orchestrated by MOVEit hackers. [Find out how they were impacted](. Reproductive health journey could start at work: Fertifa wants to help more companies in Europe offer reproductive benefits to workers. [See how they are doing this](. Add these to your reading list: [GM buys software startup that predicts EV battery fires]( [Secretive hardware startup Humane’s first product is the Ai Pin]( [Korea’s Alwayz aims to make online shopping fun again with $46M in funding]( [Police want robotaxi video footage to help solve crimes]( [European VCs and tech firms sign open letter warning against over-regulation of AI in draft EU laws]( [More top stories image] Image Credits: wildpixel / Getty Images [Zenni's AI image search tool makes eyewear shopping easy]( Sponsored by [Zenni]( [The company’s AI-powered image recognition makes it easier than ever for shoppers to find the perfect pair of glasses that match their personal style.]( [Learn More]( [How confidential computing could secure generative AI adoption]( The generative AI land rush has created a new challenge: How can enterprises use proprietary data to build powerful models while maintaining security and privacy? “Protecting training data and models must be the top priority,” says Anjuna CEO and co-founder Ayal Yogev. “It’s no longer sufficient to encrypt fields in databases or rows on a form.” Four more from the TC+ team: [Why automakers are rushing to adopt Tesla’s NACS plug and what it means to drivers]( [Pitch Deck Teardown: Super.com’s $60M Series C deck]( [M&A is back and the enterprise is hot]( [As Apple reaches $3T, it’s time to shake up the Big Tech club]( [TechCrunch+]( is our membership program that helps founders and startup teams get ahead of the pack.[You can sign up here](. Use code “DC” for a 15% discount on an annual subscription. [Read More]( [How confidential computing could secure generative AI adoption image] Image Credits: MirageC / Getty Images Get your TechCrunch fix IRL. Join us at Disrupt 2023 in San Francisco this September to immerse yourself in all things startup. From headline interviews to intimate roundtables to a jam-packed startup expo floor, there’s something for everyone at Disrupt. Save up to $600 when you buy your pass now through August 11, and save 15% on top of that with promo code DC.[Learn more](. 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