Jack Dorsey addresses Twitter criticisms, Apple removes gambling apps in China and Walmart completes its Flipkart acquisition. Here's your Daily Crunch for August 20, 2018.

1. Jack Dorsey admits Twitter hasn't 'figured out' approach to fake news

Twitter has been taking heat from both sides of the political divide. The left has gone after the service for its relatively slow response to incendiary comments from Alex Jones and Infowars, while President Trump recently complained that social media sites are discriminating against conservatives.

"We have not figured this out, but I do think it would be dangerous for a company like ours … to be arbiters of truth." CEO Jack Dorsey said during an interview with CNN.

2. Apple cracks down on gambling apps in China

The Wall Street Journal reported that the U.S. phone-maker purged as many as 25,000 apps — that's a figure first cited by state-owned broadcaster CCTV. Apple didn't comment on the number of apps removed, but it did confirm that it took action.

3. Walmart completes its $16 billion acquisition of Flipkart

The deal was first revealed back in May and now, it's closed after receiving the necessary approvals. Walmart is taking a 77 percent share in Flipkart, buying out a number of prior investors in the process and expanding its rivalry with Amazon.

4. With Charge 3, Fitbit blurs the smartwatch line

Announced a full two years after its predecessor, the Charge 3 maintains the core competencies that helped make the line a success for the company, while baking in functionality that finds it further blurring the line between tracker and watch.

5. Minecraft: Education Edition is coming to iPad

The game, which first launched to the public in late 2016, has been previously available in schools on Windows 10 devices and on macOS. The iPad version will roll out to schools starting in September.

6. Farfetch files for IPO to trade on NYSE as FTCH; has nearly 1B active users of its luxury goods marketplace

An IPO for the company has been in the works for some time, and sources had been telling us to expect something this summer.

7. It's Monday, time for a podcast party

On this week's episode of Equity, the team looks at the drama around Elon Musk's plans to take Tesla private. Meanwhile, the TechCrunch Mixtape discusses Bark's plans for a fancy dog park, and at Original Content, we review the new Netflix film To All The Boys I've Loved Before.