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January 4, 2019, 1:35 PM
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Top News

M.G. Siegler / 500ish Words:
As the law of large numbers catches up with Apple, it faces a rocky but pivotal year where it needs to transition into a services company earlier than planned  —  Yesterday's updated guidance wasn't just about China...  The results are in.  Actually, they're not in.  And that was a major problem yesterday for Apple.
Wall Street Journal:
A pullback in spending by Chinese consumers is taking a toll on electronics makers like Apple, e-commerce companies like Alibaba, and other sectors  —  Buyers are deferring major or discretionary purchases, their confidence dented by a shaky economy and trade fight with U.S.
Tim Cook / Apple:
Apple revises guidance for its fiscal 2019 Q1 downwards due to weakness in some markets, particularly China
Vlad Savov / The Verge:
Apple and Samsung struggle to adapt to stalling sales as smartphones reach market saturation, plateau technologically, and face unstinting competition in China
Bloomberg:
Hackers dump private info of Angela Merkel and hundreds of other German politicians including email addresses, phone numbers, and personal chat transcripts  —  - Leak includes emails, chat transcripts, photos, phone numbers  — Hack is ‘elaborate’ social-engineering attack, IT expert says
Makena Kelly / The Verge:
PepsiCo says it will roll out a fleet of snack-carrying robots called “snackbots” to deliver snacks and beverages on University of the Pacific's campus in CA  —  Order on the app, pick up around campus  —  Today, PepsiCo announced that it will be rolling out a fleet …
Wall Street Journal:
Marriott says a total of 383M records were stolen in its hack, less than the initial estimate of 500M, but 5M+ unencrypted passport numbers were accessed  —  Hotel chain says fewer total customers were affected than initially feared but analysts warn data could be intelligence trove
New York Times:
Los Angeles sues the company behind the Weather Channel app, which is owned by IBM, for slyly using location data for commercial purposes  —  The Weather Channel app deceptively collected, shared and profited from the location information of millions of American consumers …
Sijia Jiang / Reuters:
Internal memo shows that Huawei demoted two employees and cut their monthly pay for using an iPhone to send New Year greetings from its official Twitter account  —  HONG KONG (Reuters) - China's Huawei Technologies [HWT.UL] has punished two employees for New Year greetings sent …
Natasha Lomas / TechCrunch:
Sophia Genetics, developer of AI based SaaS platform for genomic diagnostics, raises $77M Series E, bringing its total raised to $140M  —  Another sizeable cash injection for big data biotech: Sophia Genetics has announced a $77M Series E funding round, bringing its total raised to $140M since the business was founded back in 2011.
Sarah Perez / TechCrunch:
Amazon debuts Showroom, a visual design tool that allows users to place furniture into a virtual living room, customize the décor, and then shop the look  —  Amazon just over a year ago launched its first in-home furniture brands, with private labels Rivet and Stone & Beam.
More: GeekWire
Kate Clark / TechCrunch:
Square hires Blizzard Entertainment's Amrita Ahuja as CFO three months after long-time CFO Sarah Friar exited for the CEO job at Nextdoor  —  Founder and chief executive Jack Dorsey says Square has poached Amrita Ahuja from Blizzard Entertainment, a division of the gaming company Activision Blizzard …

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The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Justin Sink / Bloomberg:
The White House is eliminating the traditional press pool access for wire services after a court ordered the administration to lift its restrictions on the AP

Sewell Chan / Columbia Journalism Review:
Houston Landing, a nonprofit that launched in 2023 with $20M+ in philanthropic funding, says it is shutting down mid-May and laying off its 43 employees

Financial Times:
CNN CEO Mark Thompson says the company plans to roll out a “suite” of digital subscription services, including at least one in 2025, to combat TV's decline

More News

Will Sommer / The Daily Beast:
YouTubers popular with kids are promoting a shady gambling site selling “mystery boxes” filled with supposed prizes
Christina Farr / CNBC:
Verily, the life sciences arm of Alphabet, raises $1B in round led by Silver Lake, says Alphabet CFO Ruth Porat and Silver Lake's Egon Durban are joining board
Makena Kelly / The Verge:
Report: for the second year in a row, FCC's Ajit Pai has canceled his CES trip, as the US government shutdown forces furloughs for non-essential FCC employees

Earlier Picks

Mary Jo Foley / ZDNet:
Microsoft is testing a project codenamed “Bali” that lets users “visualize, manage, control, share, and monetize” data that the company collects about them
Andrew J. Hawkins / The Verge:
GM's self-driving unit Cruise partners with DoorDash to test a food delivery service in San Francisco starting in early 2019
Brady Dale / CoinDesk:
BitTorrent announces its own crypto tokens that users trade to other users for faster downloads
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