The battle between Epic Games and Apple continues, Facebook faces criticism in India and Pinterest names its first Black Board member. This is your Daily Crunch for August 17, 2020.

The big story: Epic Games files an injunction against Apple

Epic’s legal and PR battle with Apple and its policies on the App Store appears to be escalating. The creator of Fortnite has filed an injunction in U.S. District Court, claiming to have been informed by Apple that all of its developer accounts and access to developer tools will be cut off at the end of next week.

“[Apple] told Epic that by August 28, Apple will cut Epic’s access to all developer tools needed to create software for Apple’s platforms, including Unreal Engine Epic offerings to developers third party, which Apple says never violated Apple’s policy, ”Epic said the attorneys said in their court record.

Fortnite was pulled from Apple’s App Store (and Google Play Store) last week after Epic introduced direct payments. Apple said at the time that it would “do everything it can to work with Epic to resolve these violations.”

The giants of technology

Facebook faces heat in India after hate speech messages report – The debate was sparked by a Wall Street Journal report claiming that Facebook’s top public policy official in India had opposed the application of the company’s hate speech rules to a member of Indian Prime Minister Narendra Modi’s party.

Pinterest Announces First Black Board Member – Pinterest has named Andrea Wishom, chairman of real estate firm Skywalker Holdings and former Harpo Studios executive, to its board of directors.

Google warns Australian users of free services at risk if forced to share ad revenue with “mainstream” media – Google has pulled a helping hand in lobbying an impending change in law in Australia that will require it to share advertising revenue with local media companies.

Startups, financing and venture capital

Deepfake Reface video app is just beginning to transform selfie culture – Reface (formerly Doublicat) is an app that uses AI-based deepfake technology to allow users to try on a different face / shape for size.

DST Global injects $ 35 million into Asian e-grocer Weee! – The pretty-named startup delivers groceries like fresh kimchi and Japanese desserts to major cities across the United States

Amex acquires SoftBank-backed Kabbage after tough 2020 for lender SMB – Acquisition of Amex will include employees, technology and financial data, but “Kabbage’s pre-existing loan portfolio is not included in the purchase contract.”

Advice and analysis from Extra Crunch

Founders can raise funds before launching a product – I spoke to Charles Hudson of Precursor Ventures about how to present VCs before creating a real product.

Robinhood Raises $ 200 Million More at $ 11.2 Billion Valuation As Revenue Grows – Robinhood has already raised capital several times this year, including a first round of $ 280 million at a valuation of $ 8.3 billion, and a subsequent addition of $ 320 million that brought its valuation to 8, $ 6 billion.

How technology can create more resilient supply chains – Caryn Marooney of Coatue recently made the jump into venture capital.

(Reminder: Extra Crunch is our subscription-based membership program, which aims to democratize information on startups. You can register here.)

Everything else

SpaceX to attempt to break rocket reusability record with launch this week – SpaceX is preparing for another Starlink satellite launch on Tuesday.

US Department of Commerce Updates Rules to Further Limit Access to Huawei Chips – The new restrictions follow a similar decree announced in May.

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