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March 11, 2021, 1:00 PM
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Top News

Karen Hao / MIT Technology Review:
How Facebook leadership weakened initiatives to clean up misinformation, sidelining AI experts, because doing so would undermine Zuckerberg's desire for growth  —  Joaquin Quiñonero Candela, a director of AI at Facebook, was apologizing to his audience.
The Markup:
Citizen Browser project's Split Screen tool shows Facebook's different News Feeds for Trump and Biden voters, based on data from 2,500+ users across the US  —  Facebook's recommendation algorithm shows different news, groups, and hashtags to different users.  But who sees what?
Jacob Kastrenakes / The Verge:
Mike Winkelmann, the digital artist known as Beeple, sold an NFT of his work for $69M, through a first-of-its-kind auction at Christie's  —  Through a first-of-its-kind auction at Christie's  —  Until October, the most Mike Winkelmann — the digital artist known as Beeple — had ever sold a print for was $100.
Mary Ann Azevedo / TechCrunch:
Crypto lending and borrowing service BlockFi raises $350M Series D at a valuation of $3B, bringing its total raised to around $450M  —  If there were any doubt about a cryptocurrency boom, we need look no further than at the explosion of growth of certain companies in the space.
Ashley Carman / The Verge:
Facebook is making in-stream ads available on one-minute videos and is testing ads that look like stickers in Stories  —  Ads integrated into content  —  Facebook introduced Stories to its platform four years ago, mostly as a way to encourage people to post content that wasn't highly produced or necessarily photogenic.
Bloomberg:
Three former employees say that 100+ employees at Verkada could view the camera feeds of its thousands of customers via widely used super admin accounts  —  - Former employee said issue was raised with Verkada executives  — Hackers gained access to 150,000 customer camera feeds
Matt Day / Bloomberg:
Amazon has opened 11 Amazon Fresh stores around the US, with plans for at least 28 more  —  As many businesses struggled to survive the pandemic, Amazon.com Inc. was quietly building a national grocery chain.  —  The first Amazon Fresh store opened to the public in Los Angeles in September.
More: CNET and The Verge
Chris Metinko / Crunchbase News:
Cowbell Cyber, which uses AI to assess risk and offer cyber insurance to companies with less than $1B in revenue, raises $20M Series A  —  Pleasanton, California-based Cowbell Cyber raised a $20 million Series A as more small and medium-sized enterprises look for insurance against the growing number of cyberattacks.
More: FinSMEs and ZDNet
Reuters:
Russia says it is slowing down Twitter for not removing 3K+ posts containing “illegal content” and threatens a total block if Twitter ignores deletion demands
Stephen Warwick / iMore:
Twitter says it is testing displaying large images, instead of cropped previews, on iOS and Android and will add support for 4K photo uploads  —  “Sometimes it's better said with a picture or a video.”  —  What you need to know  — Twitter is testing new features that will let you see a single image in full on your timeline.
Chris Welch / The Verge:
Adobe rolls out a version of Photoshop optimized for Apple Silicon, claiming a 1.5X performance improvement over most Photoshop tasks on Intel Macs  —  Adobe says there are a ton of speed and performance gains  —  Lightroom was the first Adobe creative app to make the leap to Apple Silicon …
Bloomberg:
Documents: Apple denied Parler reentry into the App Store, citing a lack of changes; source says Parler let its three remaining iOS developers go  —  - Apple's recent review found ‘Nazi symbols’ on the Parler site  — Parler eliminates seven workers, most of whom were contractors
Damien Wilde / 9to5Google:
Oppo unveils Find X3 Pro with Snapdragon 888, 6.7" 120Hz display, 12GB RAM, 50 MP ultrawide camera, and a 3MP “microlens” for microscope style macro shots  —  The covers have now been lifted from the Oppo Find X3 series with three models — X3 Lite, X3 Neo, and X3 Pro …
Bloomberg:
Coupang priced its IPO at $35 per share, above its target range, to raise $4.2B and give the South Korean e-commerce giant a market value of about $60B  —  - South Korean e-commerce company sells shares for $35 each  — Coupang shares set to begin trading Thursday on NYSE
Ashley Gold / Axios:
YouTube says it has taken down 30,000 videos that made false or misleading claims about COVID-19 vaccines over the last six months  —  YouTube has taken down more than 30,000 videos that made misleading or false claims about COVID-19 vaccines over the last six months, YouTube spokesperson Elena Hernandez …
More: The Hill

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This is a Techmeme archive page. It shows how the site appeared at 1:00 PM ET, March 11, 2021.

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

Jeremy Barr / Washington Post:
CNN confirms Kaitlan Collins as its chief White House correspondent; she will become CNN's first prime-time anchor to also serve as its top White House reporter

Sam Tobin / Reuters:
Prince Harry's phone-hacking lawsuit against News Group Newspaper will go to trial in January 2026, with the parties' legal costs set to exceed £38M

Katie Kilkenny / The Hollywood Reporter:
The Animation Guild reaches a tentative three-year deal with streaming services and studios for members in the LA area with AI protections and wage increases

More News

Javier Espinoza / Financial Times:
Sources: EU regulators are struggling to gather enough evidence to bring antitrust charges against Amazon despite working on the case for nearly two years
Jonathan Shieber / TechCrunch:
Tetrate, which develops an app management platform for hybrid and multicloud environments, raises $40M Series B led by Sapphire Ventures

Earlier Picks

Alex Konrad / Forbes:
Q&A with Chris Sacca on his brief retirement, Trump and Biden, investing in climate startups, how investing has changed, NFTs, and more
CNBC:
Roblox closes at $69.50, valuing it at $38.26B, after opening under RBLX at $64.50, up 43% from its January funding round
Brent Kendall / Wall Street Journal:
Facebook says it has filed motions to dismiss antitrust lawsuits brought by the FTC and state AGs, arguing its conduct did not harm competition or consumers
Ax Sharma / BleepingComputer:
Data center operator OVH says a fire destroyed some of its sites in France, affecting cyber threat intelligence company Bad Packets, game maker Rust, and others
Ingrid Lunden / TechCrunch:
Facebook launches Instagram Lite, an Android app that takes up just 2MB of storage space, in 170 countries, and says Facebook Lite has 200M+ MAUs
Nikkei Asia:
Sources: Apple cuts iPhone 12 mini orders by 70%, targets producing 75M iPhones in H1 and 230M units for all of 2021, reschedules new MacBook production to H2
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