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OMERS Ventures founder John Ruffolo paralyzed following biking accident (BETAKIT)
OMERS Ventures founder John Ruffolo has been paralyzed from the waist down following a cycling accident that took place in Markham, Ontario last week.
Shopify sheds Ottawa office space amid planned Toronto expansion (BETAKIT)
Shopify will vacate its Ottawa HQ on 150 Elgin Street and move to an office tower on Laurier Avenue, amid reports it is set to expand in Toronto presence.
In amended filing, Palantir admits it won’t have independent board governance for up to a year (TECHCRUNCH)
Palantir’s model is unique in allowing founders to have a commanding vote even if they were to sell their shares — in other words, voting power without underlying shareholder power, in direct contradiction to modern shareholder theory.
New Uber contract could have chilling effect on class action, says lawyer (BNN BLOOMBERG)
Uber Technologies Inc. is trying to keep its Canadian drivers from joining or starting class-action lawsuits against the company – a move that threatens to upend a $400-million fight from drivers wanting to be recognized as employees, says a lawyer.
The Pentagon says Microsoft should still get its $10B JEDI contract following an investigation (THE VERGE)
A judge issued an injunction against the contract after Amazon claimed the process was biased.
Letting tech giants like Facebook regulate themselves ‘simply not working,’ says minister (GLOBAL NEWS)
In Canada, courts have consistently ruled that while freedom of expression is a constitutional right, reasonable limits can be imposed on that right: prohibiting threats, hate speech and incitement to violence, for example.
Patreon raises $90 million in financing, creator-membership platform worth $1.2 billion (VARIETY)
Today, Patreon has more than 200,000 creators on the platform who have collectively earned $2 billion to date, directly from their fans, according to Conte.
InCountry raises $15 million to help multinational companies comply with data residency regulations (VENTUREBEAT)
The San Francisco-based startup, which exited stealth with $7 million in seed funding back in May, is looking to capitalize on shifting regulatory requirements around data sovereignty and localization.
Cloud startup to deliver films to theaters (HOLLYWOOD REPORTER)
Cinemark (332 U.S. theaters), Cinepolis (30 theaters) and Emagine (21 theaters) are proceeding to convert their domestic theater circuits to the Microsoft Azure-based delivery network developed by cinema tech startup MetaMedia.
Will Silicon Valley put real estate brokers out of business? (FAST COMPANY)
A real estate CEO explains why traditional brokerages must “reinvent or die.”
Ottawa likely to face pressure from Google, Facebook on news sharing rules following threats against Australia (NATIONAL POST)
Media outlets have argued for years that U.S. digital firms have been siphoning ad revenue from them, generating revenues from content they did not create or pay for.