Techmeme
April 27, 2019, 2:00 AM

Top News

Lauren Feiner / CNBC:
Slack files for an IPO via direct listing, reports loss of $138M on $400M revenue for FY 2019 ending Jan. 31, compared to $140M loss and $220M revenue for 2018  —  - Slack follows several tech companies that have already debuted on the public market in 2019, including Lyft, PagerDuty, Pinterest and Zoom.
Matt Levine / Bloomberg:
How Bitfinex lost access to $850M it held with the shady Panama-based payments processor Crypto Capital and tried to cover the loss by borrowing from Tether  —  Also Uber, Slack and mortgage settlements.  —  Matt Levine is a Bloomberg Opinion columnist covering finance.
Frank Chaparro / The Block:
Wall Street Journal:
Sources: starting last summer, Apple held talks with Intel about acquiring parts of its smartphone modem chip business, but talks halted recently  —  Talks have cooled and Intel plans to seek out other buyers  —  Apple Inc. held talks with Intel Corp. about acquiring parts …
Chaim Gartenberg / The Verge:
Josh Constine / TechCrunch:
In a chat with the historian Yuval Noah Harari, Zuckerberg says Facebook will not comply with the laws of authoritarian countries requiring local data centers  —  If free nations demand companies store data locally, it legitimizes that practice for authoritarian nations which can then steal …
Justin Elliott / ProPublica:
Intuit is deliberately hiding TurboTax's free tax filing site from Google and other search engines; Intuit says it's reviewing its search practices  —  The makers of TurboTax as well as H&R Block promised the IRS to offer free filing for many Americans.  But they're keeping Google from seeing it.
Craig Silverman / BuzzFeed News:
Google removed 46 Android apps from Chinese developer DO Global that were committing large-scale ad fraud; source says Google is moving to ban DO Global overall  —  Google has begun the mass removal of apps from a major Chinese Android developer following a BuzzFeed News investigation …
Raymond Zhong / New York Times:
Huawei tried to explain its ownership structure after a report accused it of being misleading about the matter, but questions remain  —  SHENZHEN, China — For one of the world's largest technology companies, it should be a simple question:  —  Who owns Huawei?
Data Protection Commission:
Irish DPC launches inquiry into Facebook after the company reported millions of Facebook Lite and Instagram user passwords were stored in plain text internally  —  The Data Protection Commission was notified by Facebook that it had discovered that hundreds of millions of user passwords …

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