Techmeme
November 24, 2021, 9:45 PM

Top News

New York Times:
Adam Mosseri agrees to testify about Instagram's effects on teenage users before a Senate Commerce subcommittee during the week of December 6  —  Adam Mosseri, the head of Instagram, has agreed for the first time to testify before Congress, as bipartisan anger mounts over harms to young people from the app.
Michael McSweeney / The Block:
Coinbase acquires crypto wallet startup BRD and says BRD wallet users will have the option to migrate to the Coinbase wallet in 2022  —  Crypto exchange Coinbase has acquired the crypto wallet startup BRD, according to a notice from its leadership team.  —  In a letter address …
Nathaniel Mott / PCMag:
Check Point details MediaTek DSP firmware vulnerabilities in some Android smartphones that could be exploited to eavesdrop; MediaTek released patches in October  —  Check Point Research discovers a vulnerability in the digital signal processor found in MediaTek's system-on-chip offerings.
Sergiu Gatlan / BleepingComputer:
A Windows 10 and Windows 11 exploit allows an attacker with physical access to gain SYSTEM privileges, bypassing Microsoft's patch from earlier this month  —  Malware creators have already started testing a proof-of-concept exploit targeting a new Microsoft Windows Installer zero …
Jon Porter / The Verge:
Twitter updates its iOS app to stop automatically refreshing timelines and causing tweets to disappear, after rolling out the update on the web last week  —  ‘It should stay put!’  —  Twitter has updated its iOS app to prevent those annoying situations where tweets disappear as you're trying to read them, the company has announced.
Malique Morris / The Information:
Poshmark's market cap is now $1.4B, a 50%+ drop from its January IPO, as revenue growth slowed to 16% in Q3, down from 42% in Q1, amid Apple's privacy changes  —  This should be Poshmark's moment.  The online merchant is at the center of a burgeoning social shopping explosion …
Wall Street Journal:
Verizon and AT&T offer to reduce the power coming from 5G towers for six months as the FAA examines possible aircraft interference  —  Wireless operators said they will limit the strength of service while regulators review the impact on planes and helicopters
Peter Grant / Wall Street Journal:
CB Insights: real estate tech startups have raised $9.5B during 2021 so far, topping the record $9B invested in the “proptech” sector during 2019  —  Venture capitalists and other investors poured $9.5 billion into sector through mid-November  —  Growing landlord demand for better data …
Sam Reynolds / Blockworks:
Banking Committee chair Sen. Sherrod Brown probes Coinbase, Binance.US, Tether, and others over stablecoin consumer risks, and seeks a response by December 3  —  - The Senate Banking Committee has sent letters to Coinbase, Gemini, Circle, Paxos, TrustToken, Centre, and Binance US to inquire about consumer protections and stablecoins
Nikkei Asia:
Sources: Apple taps TSMC to mass produce 4nm 5G modem chips for the iPhone in 2023, in an effort to reduce its reliance on Qualcomm  —  U.S. company aims to cut reliance on Qualcomm for key components  —  Apple plans to adopt TSMC's 4-nanometer chip technology for its 5G modems as it seeks to cut reliance on Qualcomm.
Demetri Sevastopulo / Financial Times:
The US places a dozen Chinese groups developing quantum computing, semiconductor, and aerospace technologies on an entity list, blocking exports to them  —  Move reflects mounting concern Beijing could acquire encryption-busting technologies from US groups  —  The US has placed …
Nicole Perlroth / New York Times:
Apple sues NSO Group in US federal court, seeking to ban NSO from using Apple products and alleging NSO illegally targeted Apple users with surveillance tools  —  Apple accused NSO Group, the Israeli surveillance company, of “flagrant” violations of its software, as well as federal and state laws.
More: Apple Support, MacRumors, Apple, 9to5Mac, TechCrunch, Protocol, Bloomberg, elfaro.net, Wall Street Journal, BBC, Washington Post, CNET, Big Technology, CyberScoop, Engadget, KnowTechie, Threatpost, The Register, TidBITS, iPhone in Canada Blog, MobileSyrup, PCMag, Washington Post, Telecoms.com, OSnews, MediaNama, TechRadar, ComputerWeekly.com, infosecurity-magazine.com, Gizchina, The Verge, Beyond Search, Input, schneier.com, iMore, CNBC, The Overspill, ZDNet, International Business Times, The Hacker News, TechCircle, PhoneArena, iPhone Hacks, SiliconANGLE, Reuters, Daring Fireball, The Register, The Times of Israel, The Information, Voice of America, CNN, The Guardian, Gizmodo, Access Now, Dark Reading, Pixel Envy, PYMNTS.com, 9to5Mac, CRN, Philip Elmer‑DeWitt, Patently Apple, NBC News, Macworld, City A.M., and Benzinga

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