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Top stories today:
- Telegram CEO arrest wasn't political decision: French president
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- U.S. seed, Series A, B and C median round sizes picking up again in H1
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
1. French President Macron argues Telegram CEO arrest “no way a political decision”
“This is Orwellian,” Nassim Taleb criticized. “Every word he wrote must be interpreted in reverse.”
12 charges listed by French prosecutors, focusing on complicity with a range of crimes.
UAE’s foreign ministry demanded access to Durov, who is also a Gulf citizen.
Our view: There’s now a higher risk of Telegram giving backdoor access to France or other players, including Russia, where Durov still has family.
Durov is expected to be released by October, according to betting markets
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