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May 16, 2019, 2:25 PM
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Top News

Makena Kelly / The Verge:
White House launches tool to solicit information from people who had social media accounts suspended or banned and who suspect political bias behind the actions  —  'If you suspect political bias caused such an action to be taken against you, share your story with President Trump'
Thomas Brewster / Forbes:
Europol and FBI arrest the leader and ten members of the GozNym criminal network, who broke into 44K computers and tried to steal ~$100M  —  Paying money and buying online concept, couple doing internet shopping with computer, customers making secure payment on laptop via e-banking service, close up view of hand holding credit card
Ingrid Lunden / TechCrunch:
Instagram is shutting down Instagram Direct, its standalone direct messaging app that it was testing to rival Snapchat, on iOS and Android  —  As Facebook pushes ahead with its strategy to consolidate more of the backend of its various apps on to a single platform, it's also doing a little simplifying and housekeeping.
Washington Post:
Trump issues order blocking US companies from doing business with information and communications technology companies owned or controlled by a foreign adversary  —  Amid a deepening trade war with China, President Trump on Wednesday declared a “national emergency” to protect U.S. communications networks …
Dan Seifert / The Verge:
Google clarifies Works with Nest shutdown, says connections will continue to work beyond Aug. 31 until they are replicated in new Works with Assistant program  —  Works with Nest moves from fully dead to on life support  —  Google has issued a response to the criticisms of its recent announcement …
Nat Levy / GeekWire:
Amazon upgrades its $50 Fire 7 tablet with faster processor, doubled storage, and hands-free activation of Alexa, available for pre-order now, shipping June 6  —  Amazon today unveiled the next generation of its Fire 7 tablet and Fire 7 Kids Edition, speeding up the devices and adding more storage and features.
Jeremy Horwitz / VentureBeat:
Sprint says it will begin offering 5G in Atlanta, Dallas, Houston, and Kansas City on May 31, with preorders for LG's V50 ThinQ 5G starting tomorrow  —  Having previously set general targets for its initial launch of 5G services and devices in the United States, Sprint says today …
Jordan Novet / CNBC:
Cisco reports Q3 revenue of $12.96B, up ~4% YoY as its profits rose 13% YoY to $3B; stock is up 7+%  —  KEY POINTS  —  Cisco's Chairman and CEO Chuck Robbins speaks to participants during the Viva Technologie show at Parc des Expositions Porte de Versailles in Paris on May 24, 2018.
New York Times:
Sources describe Uber's IPO process and the setbacks that led Uber's $120B pre-IPO valuation floated by bankers to fall to its current market cap of $69B  —  Last September, Uber's top executives were pitched by some of Wall Street's biggest banks, Morgan Stanley and Goldman Sachs.
Anthony Ha / TechCrunch:
TodayTix, a mobile ticketing startup for affordable theater tickets, raises $73M led by PE firm Great Hill Partners, bringing its total raised to $90M  —  TodayTix, a mobile ticketing company that makes it easy and relatively affordable to go to Broadway shows and other live performances …
More: FinSMEs and PE Hub Blog
Larry Cermak / The Block:
Sources: Coinbase is in advanced talks to acquire the Bitcoin custody provider Xapo for around $50M  —  - Coinbase is in advanced talks to buy custody provider Xapo for ~$50 million plus an earn-out in order to boost its custody business, sources tell The Block
More: Axios.  Thanks:@dogetoshi
Jon Fingas / Engadget:
SanDisk introduces the first 1TB microSD card, for $450  —  Have you been salivating at the thought of stuffing a 1TB microSD card into your phone?  You can finally act on that impulse.  SanDisk has made the record-setting Extreme card available both through its own store and (when it's in stock) …
CNBC:
Nimble Pharmacy, a startup that raised $60M from Sequoia, Khosla Ventures, and others, pivots to become an “Instacart” for independent pharmacies  —  Nimble, a venture capital-backed start-up, wants to help thousands of independent pharmacies go digital.
Thanks:@chrissyfarr
Gené Teare / Crunchbase News:
Q&A with Ted Wang, a partner at micro VC fund Cowboy Ventures, founded by Aileen Lee, on risk rewards of seed rounds, changes since its first fund, and more  —  For our most recent Seed Series we are talking with Ted Wang, the second partner at Cowboy Ventures, a micro VC fund based in Silicon Valley founded by Aileen Lee.

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From Mediagazer

Brooke Singman / Fox News:
Trump says it is “vital” to have a “free, fair, and open media” and he has “an obligation” to be “open and available to the press”

Brian Stelter / CNN:
Brendan Carr promises to “enforce” broadcast media's “public interest obligation” as FCC chair and has recently singled out NewsGuard for “censorship”

Katie Kilkenny / The Hollywood Reporter:
Writers Guild of America East members who work at PBS member stations threaten a strike if a deal isn't reached by the end of their contract on November 21

More News

Chance Miller / 9to5Mac:
Valve releases Steam Link, its service for streaming desktop games to another device, on iOS and Apple TV, almost a year after its initial App Store rejection

Earlier Picks

The Information:
Sources: Quibi, the upcoming mobile streaming service led by Jeffrey Katzenberg and Meg Whitman, is planning to raise up to $1B, following a $1B raise in August
Google AI Blog:
Google details Translatotron, its project to directly translate speech from one language into speech in another without intermediate text
Facebook:
Facebook, Microsoft, Twitter, Google, and Amazon sign on to the Christchurch Call to Action, commit to a 9-point plan to stop spread of terrorist content online
Makena Kelly / The Verge:
Ajit Pai proposes a new rule that would allow carriers to block robocalls by default and lets customers block calls from numbers not on their contacts list
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