Techmeme
November 21, 2018, 11:50 AM

Top News

Seth Fiegerman / CNN:
In an interview, Mark Zuckerberg says he will stay on as Facebook's chairman, defends COO Sheryl Sandberg, reiterates Facebook's potential as a force for good  —  New York (CNN Business)After spending much of this year apologizing for Facebook's many missteps, CEO Mark Zuckerberg was defiant …
Josh Constine / TechCrunch:
In a leaked internal memo, Facebook's outgoing head of public policy, Elliot Schrage, takes responsibility for the hiring of PR firm Definers  —  TechCrunch has attained an internal memo published by Facebook's outgoing head of public policy Elliot Schrage in which he blames himself for hiring PR firm Definers.
Margaret Sullivan / Washington Post:
Aaron Tilley / The Information:
Source: Apple quietly bought Silk Labs, a startup that makes lightweight AI software for consumer hardware, earlier this year; PitchBook: Silk Labs raised ~$4M  —  Apple has quietly acquired a startup, Silk Labs, that specializes in making artificial intelligence software lightweight enough …
Bloomberg:
Leaked memo: Foxconn aims to cut $2.9B from expenses in 2019 and eliminate ~10% of non-technical staff, as it faces “a very difficult and competitive year”  —  Foxconn Technology Group, the biggest assembler of Apple Inc. iPhones, aims to cut 20 billion yuan ($2.9 billion) …
Wall Street Journal:
Sources: Amazon is working to persuade brick-and-mortar merchants to accept its Amazon Pay digital wallet, starting with gas stations, restaurants, and others  —  Amazon is looking to start by working with gas stations, restaurants and other merchants that aren't its direct competitors
Kia Kokalitcheva / Axios:
Design software company Autodesk says it is acquiring PlanGrid, a provider of cloud-based construction software, for $875M  —  Autodesk has agreed to acquire Plangrid, a startup that makes cloud-based construction software, for $875 million net of cash.  —  Why it matters …
Pranav Dixit / BuzzFeed News:
Sources detail meeting in India between Twitter's Jack Dorsey, Vijaya Gadde, and others, after photo of Dorsey holding sign criticizing caste system goes viral  —  At a round table discussion in New Delhi last week, Twitter's top executives seemed unaware of caste-based abuse taking place …
Bloomberg:
Sources: PT Tokopedia, Indonesia's largest online marketplace, raises $1B from existing investors including SoftBank, at a ~$7B post-money valuation  —  - Tokopedia is said to raise $1 billion of new funding  — SoftBank and other existing backers said to join round
Steve O'Hear / TechCrunch:
Berlin-based e-scooter rental service Wind Mobility, which operates in various cities in Spain, France, and the US, raises $22M in seed funding  —  Wind Mobility, a Berlin-based mobility startup that offers “dockless” e-scooter (and electric bicycle) rentals, has raised $22 million in seed funding …
Thanks:@sohear
Reuters:
While Facebook says human trafficking on its site is not allowed, it took weeks to remove a viral post that led to the auction of a child bride in South Sudan  —  JUBA/NAIROBI (Thomson Reuters Foundation) - The auction of a South Sudanese girl for marriage on Facebook could spur other families …

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