Techmeme
November 5, 2021, 4:30 PM

Top News

Mike Isaac / New York Times:
Sources: Meta has discussed opening retail stores globally to showcase devices made by its Reality Labs division, like VR headsets and, eventually, AR glasses  —  The social networking company has discussed opening physical stores to showcase its virtual reality and augmented reality devices.
Benjamin Mayo / 9to5Mac:
Report: Apple and TSMC plan to produce 3nm chips for Macs as soon as 2023, with as many as four dies and up to 40 CPU cores per chip  —  Apple is taking the PC world by storm with its first debut of Apple Silicon chips inside of Macs, taking what it learned from developing the iPhone and iPad …
Wall Street Journal:
Internal docs: a Facebook well-being team's survey found 12.5% of participants reported compulsive use of Facebook that negatively impacted their lives  —  The app hurts sleep, work, relationships or parenting for about 12.5% of users, who reported they felt Facebook was more of a problem than other social media
Rebecca Bellan / TechCrunch:
Lime raises $523M in convertible debt and term loan financing and says it plans to go public next year  —  Shared electric micromobility giant Lime has closed a $523 million raise in convertible debt and term loan financing, money that Lime CEO Wayne Ting says is the next step on the company's path to going public next year.
Balaji Srinivasan / @balajis:
Kurt Wagner / Bloomberg:
Square reports Q3 revenue of $3.84B, up 27% YoY but missing $4.51B estimates, bitcoin revenue of $1.81B, up 11% YoY, and gross payment volume of $45.4B, up 43%  —  - Overall third-quarter sales fall short of analysts' estimates  — Gross profit was up 43% from the same period a year earlier
Muhdan Saglam / Middle East Eye:
Turkish live streamers expose a fraud ring that used Twitch's Bit platform to launder ~$10M; Twitch says it has taken action against 150 users  —  Hundreds of streamers said to have taken 20 percent cut to help launder money stolen by hackers through credit cards
Katie Jennings / Forbes:
Papa, which connects elderly Americans with virtual and physical companions, raises a $150M Series D led by Vision Fund 2 at a $1.4B valuation  —  I am a staff writer covering healthcare.  Email me at kjennings@forbes.com.  —  Andrew Parker's grandfather needed help, but he didn't need a doctor.
Anna Pruchnicka / Reuters:
Polish e-commerce company Allegro to buy Czech online retailer Mall Group for about $1.02B  —  (Reuters) -Polish e-commerce group Allegro has agreed to buy Czech online retailer Mall Group for 881 million euros ($1.02 billion) to create a regional platform, sending its shares up as much as 11%.
More: PYMNTS.com
Anton Shilov / Tom's Hardware:
Intel to acquire part of Taiwan-based VIA Technologies' Centaur x86 CPU subsidiary for $125M  —  As Intel speeds up development, Via scales it down.  —  Via Technologies announced plans to offload part of its Centaur Technology x86 CPU subsidiary to Intel for $125 million.
Takashi Mochizuki / Bloomberg:
Nintendo president says he doesn't “see a sign of the component shortages recovering” as the company cuts Switch sales target for FY 2021 from 25.5M to 24M  —  - Company upgrades operating profit outlook citing FX rates  — Sustaining sales momentum will depend heavily on OLED model

Sponsor Posts

Tribe AI:
State of AI: Adoption, Challenges and Recommendations  —  Examining the current state of AI, the key challenges organizations face, and practical recommendations for utilizing AI integration alongside other best practices.
SignalFire:
SignalFire raises another $1 billion to back applied AI startups  —  We build AI too.  It tracks 650M tech employees so we can help companies with recruiting and GTM across enterprise, infra, healthcare, security, and consumer.
Zoho:
How to turn employees into your brand's biggest supporters  —  Turning your employees into your brand's biggest advocates is one of the most powerful ways to grow your brand.  When employees feel connected to your mission …
IDrive:
Protecting your Cloud Applications Data  —  Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.

Featured Podcasts

Techmeme Ride Home:
Zuck Trying To Make Fetch Happen
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe to Techmeme Ride Home.
Hard Fork:
Is Google Breaking Up? + Seasteading Is Back + Tool Time
The future is already here. Each week, journalists Kevin Roose and Casey Newton explore and make sense of the latest in the rapidly changing world of tech.
Subscribe to Hard Fork.
The Logan Bartlett Show:
Blake Scholl (Founder and CEO, Boom Supersonic) on Why Supersonic Flight Failed & How Boom is Bringing it Back
A podcast hosted by Logan Bartlett, an investor at Redpoint Ventures, covering tech with industry insiders.
Subscribe to The Logan Bartlett Show.
BG2 Pod:
Tariffs, Free Trade, Export Controls, H20 & Rare Earth Ban
Open-source podcast on all things tech, markets, investing, and capitalism, hosted by Brad Gerstner and Bill Gurley.
Subscribe to BG2 Pod.
Great Chat:
Founders need prenups, too
A podcast mostly about tech. Brought to you weekly by Angela Du, Sally Shin, Mac Bohannon, Helen Min, and Ashley Mayer.
Subscribe to Great Chat.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 4:30 PM ET, November 5, 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

Juli Clover / MacRumors:
Jessica Bursztynsky / CNBC:

Earlier Picks

MacKenzie Sigalos / CNBC:
Eli Tan / CoinDesk:
AnandTech:
Sarah Perez / TechCrunch:
Dean Takahashi / VentureBeat:
Vlad Savov / Bloomberg:
Rebecca Heilweil / Vox: