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September 3, 2018, 9:55 AM
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| Kerry Flynn / Digiday: |
How Timehop, running out of money, ditched programmatic ad partners, built its own ad server, boosted CPMs from $2 to $14, and increased revenues 10x YoY — Timehop had three months of runway in the bank when it decided its current advertising solution wasn't going to cut it.
Tweets: @isaackrasny, @digiday, @rickwebb, @bryce, @digiday, @digiday, @codinghorror, and @mdudas
| Brian Ellsworth / Reuters: |
A week after pegging its money, pensions, and salaries to Petro cryptocurrency, Venezuela still fails to show proof that anyone is using Petro for transactions — ATAPIRIRE, Venezuela (Reuters) - To hear Venezuela's leftist President Nicolas Maduro tell it, this remote hamlet of 1,300 souls … | Wall Street Journal: |
Google starts purging ads by scammers masquerading as authorized service agents for companies like Apple after a WSJ inquiry — Wall Street Journal investigation finds fraudsters use Google search ads to masquerade as authorized service agents for companies such as Apple| Nic Fildes / Financial Times: |
BT, TalkTalk, BBC, Sky, ITV, and Channel 4 call for UK government to introduce independent regulatory oversight of the content carried over social networks — The heads of Britain's largest media and telecoms companies have called for the government to introduce independent regulatory oversight … | Rebecca Hill / The Register: |
Communiqué from Five Eyes nations tells tech industry to make accommodations on encryption, or legislative or enforcement actions may be taken for lawful access — Five Eyes to tech: We have ways of making you comply — The Five Eyes nations have told the tech industry …
More:
9to5Mac, Australian Department …, AppleInsider, CNET, Silicon Republic, and ZDNet
Tweets: @riskybusiness, @chadloder, @larrysalibra, @4thanon, @stshank, and @alexstamos
| Arjun Kharpal / CNBC: |
British P2P lending startup Funding Circle announces plans to IPO on the London Stock Exchange and raise about $387.4M — - The peer-to-peer lender is looking to raise about £300 million ($387.4 million) from the initial public offering (IPO). — Heartland A/S, the private holding company …
More:
TechCrunch, London Stock Exchange, VentureBeat, and Tech.eu
| Connie Loizos / TechCrunch: |
YC founder Paul Graham dispenses new advice in interview: why college-age founders are too young, how competition only killed 1 out of 1,900 YC startups, more — Yesterday, as part of some of its newest programming for startup founders, the startup incubator Y Combinator posted a new interview …
Tweets: @aparanjape, @angeladuckw, and @garrytan
| Wall Street Journal: |
JD.com founder and CEO Richard Liu arrested in Minnesota on a sexual misconduct allegation, released without bail; police say investigation is ongoing — E-commerce company JD.com says CEO Liu Qiangdong was released after what it says was a false accusation; Minneapolis Police say the case remains open
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TechCrunch, New York Times, Washington Post, China Money Network, BBC, Reuters, Pandaily, Fortune, SiliconANGLE, Bloomberg, South China Morning Post, CNBC, USA Today, TechNode, The Daily Caller, Engadget, and Tech in Asia
Tweets: @gabewildau and @nytimes
| Wall Street Journal: |
Sources: Jack Dorsey has personally weighed in on content decisions at Twitter and overruled staff to keep Alex Jones and reinstate Richard Spencer's account — Twitter CEO Jack Dorsey has personally weighed in on high-profile decisions, frustrating some employees
Tweets: @ldrogen, @bdsams, @cgasparino, and @georgia_wells
| New York Times: |
In lawsuits against Israeli hacking tools maker NSO Group, which claims to not spy with its tools, court docs allegedly show it snooping on calls to close sales — The rulers of the United Arab Emirates had been using Israeli spyware for more than a year, secretly turning the smartphones … | Kate Clark / TechCrunch: |
Used car site Vroom, which laid off ~30% staff and halted Dallas and Indiana operations in March, is raising $70M and has already secured $30M, SEC filing shows — Despite cutting a big portion of its staff in March, Vroom is back pitching investors. Yesterday, the site for buying … | Gabriel Wildau / Financial Times: |
Bike-sharing startup Ofo is being sued by its Chinese bicycle supplier for $10M in unpaid bills; source says Ofo is burning through about $25M a month — A Shanghai-listed bicycle manufacturer has sued Ofo, the bike-sharing start-up backed by Alibaba, for $10m in unpaid bills …
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