Techmeme
October 1, 2021, 7:25 PM

Top News

Wall Street Journal:
Google scraps plans for its mobile-first banking service Plex; sources say the move follows April departure of a Google Pay exec who championed the project  —  Tech giant had partnered with Citigroup and other banks on ‘Plex’ accounts that would sync with Google Pay
Lawrence Abrams / BleepingComputer:
Coinbase says a threat actor stole cryptocurrency from 6,000 customers between March and May 20 using a vulnerability in its SMS multi-factor authentication  —  Crypto exchange Coinbase disclosed that a threat actor stole cryptocurrency from 6,000 customers after using a vulnerability to bypass …
Tom Warren / The Verge:
Microsoft details Office 2021 features and pricing ahead of Oct. 5 release: Office Home and Student will cost $150 and Office Home and Business will cost $250  —  Microsoft is launching Office 2021 on October 5th, and the company is finally detailing the features and pricing today.
Chance Miller / 9to5Mac:
Apple rolls out iOS 15.0.1 and iPadOS 15.0.1, with bug fixes for multiple issues, including Unlock with Apple Watch on iPhone 13  —  One week after the release of the iPhone 13 and iOS 15, Apple is rolling out a bug fix update with some notable improvements. iOS 15..1 and iPadOS 15..1 …
Amanda Silberling / TechCrunch:
Senators grilled Facebook exec Antigone Davis at a hearing about Instagram's impact on teens and were frustrated by her reticence to answer questions directly  —  Last night, Facebook published two annotated slide decks in an attempt to contextualize the documents that the Wall Street Journal published …
Wall Street Journal:
The Verge:
MacKenzie Sigalos / CNBC:
DeFi staking protocol Compound's founder threatens to doxx users to IRS if they don't return $90M worth of tokens mistakenly sent due to a bug  —  - About $90 million has mistakenly gone out to users of popular DeFi staking protocol Compound and the founder is begging users to voluntary return the tokens.
Sean Lyngaas / CNN:
President Biden to convene a 30-country meeting this month to try to ramp up global efforts to address the ransomware threat  —  (CNN)The White House will convene a 30-country meeting this month to try to ramp up global efforts to address the threat of ransomware to economic and national security …
Joyce Lee / Reuters:
South Korean ISP sues Netflix over costs for traffic surge from hit shows, after a court said Netflix should “reasonably” pay ISPs for network usage  —  South Korean Internet service provider SK Broadband has sued Netflix (NFLX.O) to pay for costs from increased network traffic …
Amanda Silberling / TechCrunch:
Clubhouse announces several features, including Clips, letting listeners snip 30 seconds of audio, and Replay, which lets hosts record a room  —  Clubhouse announced today that it is unveiling four new features: Clips, Replay, Universal Search and spatial audio for Android (which already exists on iOS).
The Markup:
A look at the $12B location data industry, including how collectors, aggregators, and marketplaces monetize user data  —  A huge but little-known industry has cropped up around monetizing people's movements  —  Companies that you likely have never heard of are hawking access to the location history on your mobile phone.
Mary Ann Azevedo / TechCrunch:
Vareto, which makes software to help companies with financial planning, raises $4.2M seed led by Menlo Ventures and $20M Series A led by GV  —  Vareto, a startup aiming to help companies conduct more forward-looking financial planning and analysis, is coming out of stealth today with $24 million in total funding.
Matt Novak / Gizmodo:
Slack says the service was down for many users worldwide since late Thursday afternoon due to a DNS issue  —  The workplace messaging app might not be restored until 5 p.m. ET on Friday for some people.  —  Alerts  —  It's not just you.  Slack has been down for many people worldwide …
Wall Street Journal:
Sources: Biden administration is considering ways to impose bank-like regulation on stablecoin issuers, including prodding them to register as banks  —  Move would aim to address concerns that the digital currency could fuel financial panics  —  WASHINGTON—The Biden administration …
Bloomberg:
Informatica, an enterprise cloud data management provider, files for an IPO; source says at a valuation of ~$10B, double the $5.3B it went private for in 2015  —  - Company could be valued at around $10 billion in offering  — Informatica went private in 2015 for about $5.3 billion
More: Reuters

Sponsor Posts

Tribe AI:
Build AI products that matter  —  Tribe AI helps organizations rapidly deploy AI solutions that have real business impact.  We bring together world class AI talent and tooling to drive differentiated results.
Zoho:
CIO challenge 6: Can we find an effective solution that also minimizes operational costs?  —  Welcome to the next and final installment of our CIO series!  After what feels like a thousand cups of coffee …
Hamming:
Make AI Voice Agents trustworthy  —  Hamming AI automatically tests AI voice agents and continuously monitors them in production.
Techmeme Leaderboards:
Discover the top reporters on AI, VR, policy, and much more  —  We've analyzed Techmeme's news crawl to identify the most influential and prolific writers on 48 news topics.  Download reports immediately for just $100.
Techmeme Ride Home:
Fri. 11/15 - Crypto Ascendant
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 7:25 PM ET, October 1, 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.

More News

Ingrid Lunden / TechCrunch:
Mark Harris / Wired:

Earlier Picks

Zoe Schiffer / The Verge:
Jordan Novet / CNBC:
Bethany Allen-Ebrahimian / Axios:
William Gallagher / AppleInsider:
Aislinn Keely / The Block: