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August 13, 2021, 7:30 PM
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| Wall Street Journal: |
Craig Federighi says introducing two similar features at the same time, iMessage protections for children and CSAM scanning of iCloud photos, caused confusion — Facing criticism about eroding privacy on the iPhone, Apple's Craig Federighi says new tools aimed at best ensuring privacy while fighting illegal images
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| Joe Rossignol / MacRumors: |
Apple details its CSAM detection system, says it expects to set a match threshold of 30 known CSAM images before an iCloud account is flagged for manual review — Apple today shared a document that provides a more detailed overview of the child safety features that it first announced last week …
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Tweets: @kurtopsahl, @runasand, @evacide, @pwnallthethings, @inafried, @normative, @runasand, @inafried, @howelloneill, @runasand, and @sarahjamielewis
| Mark Gurman / Bloomberg: |
Memo: Apple warns staff to be ready for questions about CSAM scanning, says it will address privacy concerns by having an independent auditor review the system — - Company prepares employees for questions about new approach — Apple also will have an independent auditor assess the feature
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CNET, The Mac Observer, Ad Age, MacDailyNews, SlashGear, iPhone Hacks, Sound & Complete, Security Boulevard, and MSNBC
Tweets: @markgurman, @chrismessina, and @bzamayo
| Kris Holt / Engadget: |
Facebook rolls out end-to-end encrypted voice and video calls on Messenger, and says it will begin testing opt-in e2e encryption for Instagram DMs — rolling out a host of features for Messenger users who switch on — end-to-end encryption (E2EE). You can now call Messenger contacts using voice or video
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| Reuters: |
Poly Network offers a $500K “bug bounty” to the hacker who returned $340M+ in assets and placed the rest in a wallet jointly controlled by the hacker and Poly — Poly Network, the cryptocurrency platform which lost $610 million in a hack earlier this week, confirmed on Friday …
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Tweets: @polynetwork2, @tomrobin, @eamonjavers, @jon_bottarini, @alexhern, @weldpond, and @alexhern
| Eric Newcomer / Newcomer: |
Sources: Discord is raising money at a valuation of around $15B, in a funding round that would at least double its valuation of $7B in 2020 — The funding round would at least double Discord's valuation, from $7 billion in 2020.
Tweets: @ericnewcomer, @stevekovach, @ericnewcomer, @freedmanae, and @pkafka
| Wall Street Journal: |
Neobank Chime raises $750M led by Sequoia at a valuation of about $25B, as a source says it could go public in H1 2022 — Move sets company up for IPO as early as next year — Chime Financial Inc. raised $750 million in its latest funding round, in a move that values the financial-technology startup … | Russell Brandom / The Verge: |
Researchers at Berlin-based AlgorithmWatch say they abandoned their research project monitoring the Instagram algorithm after legal threats from Facebook — A chilling echo of NYU ad observatory issues — Researchers at AlgorithmWatch say they were forced to abandon their research project monitoring …
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AlgorithmWatch, The Register, Gizmodo, The Daily Caller, Engadget, PCMag, PetaPixel, and Politico
Tweets: @sgenner, @counternotions, @uradn, and @joewestby
| Daisuke Wakabayashi / New York Times: |
In a preliminary ruling, ITC judge finds Google infringed on five patents owned by Sonos; full commission will make a final ruling in December — In a preliminary finding by the United States International Trade Commission, a judge ruled that the internet company infringed on speaker-technology patents.| Rachel Feintzeig / Wall Street Journal: |
A half-dozen white-collar workers in industries like tech and banking say they are stealthily holding multiple remote, full-time jobs — When the pandemic freed employees from having to report to the office, some saw an opportunity to double their salary on the sly.| Mitchell Clark / The Verge: |
Twitter again pauses applications to its verification program, after admitting that several fake accounts, reportedly part of a botnet, were wrongly verified — It wants to improve the application and review process — Twitter is once again putting a halt on applications to its verification program …
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FrontPageTech.com, CNET, Engadget, The Daily Dot, and 9to5Mac
Tweets: @verified, @chelseabrooke, @_tom_henderson_, @liamodelluk, and @karissabe
| Bloomberg: |
Apple is ordered by East Texas jury to pay $300M in royalties to Optis after losing a patent dispute retrial over LTE technology in iPhones and other products — - Trial in Texas focused only on damages in Optis patent dispute — Case hinged on ‘fair’ rate for industry's cellular standard| Gillian Tan / Bloomberg: |
Divvy Homes, which buys homes on behalf of renters and helps them become owners, raises $200M at a $2B valuation, co-led by Tiger Global and Caffeinated Capital — - San Francisco company seeks to enable renters to own homes — Caffeinated Capital, Andreessen Horowitz, GIC also invested| Amanda Silberling / TechCrunch: |
Reddit says it is rolling out a TikTok-like video feed on its iOS app — From Instagram's Reels to Snapchat's Spotlight, most social media platforms are looking toward the TikTok boom for inspiration. Now, even Reddit, a discussion-based forum, is making short-form video more pronounced on its iOS app.| Yogita Khatri / The Block: |
Ethereum scaling project Polygon, formerly Matic Network, to acquire Hermez Network, developer of ZK-Rollups-based Ethereum scaling tech, in a deal worth $250M — Quick Take — Ethereum scaling project Polygon has acquired Hermez Network for $250 million. — The two projects are also merging their native tokens.| Hannah Murphy / Financial Times: |
Code42 analysis: there were ~65M attempts by staff to steal source code from their companies in Q2, up from about 20M in each of the previous three quarters — Rise in insider threats comes as disgruntled employees quit in record numbers as lockdowns ease — Employees are taking sensitive …
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Insider and PYMNTS.com
| Henry Ward / Medium: |
Equity management software company Carta raises $500M Series G led by Silver Lake at a valuation of $7.4B — Carta raised a $500M Series G, valuing the company at $7.4B. The round was led by Silver Lake. Of our eight rounds of capital raised, this was the largest and also the simplest.
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TechCrunch, SiliconANGLE, and Crunchbase News
Tweets: @jerrytalton, @venkyganesan, @cartainc, @ckevers, and @mikwu
| Natasha Mascarenhas / TechCrunch: |
Kiddom, which offers a digital curriculum that fits the core standards required by US states, raises $35M Series C led by Altos Ventures — Kiddom, a platform that offers a digital curriculum that fits the core standards required by states, announced today that it has raised …
Tweets: @lechterv
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