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November 24, 2021, 11:10 PM
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memeorandum
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| 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.
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USA Today, Washington Post, The Hill, KAKE-TV, Forbes, CNET, TechCrunch, CNBC, Gizmodo Australia, Engadget, 9to5Mac, Wall Street Journal, International Business Times, The Verge, and Axios
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| 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 …
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Tweets: @coinbasewallet, @spencerchen, @cointelegraph, @surojit, @cointelegraph, @sid_coelho, and @brdhq
| 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.| Jabari Young / CNBC: |
WatchBox, an online marketplace for buying, selling, and trading luxury watches, raises $165M from investors including Michael Jordan and Giannis Antetokounmpo — - WatchBox, a secondary marketplace for watches, attracted Michael Jordan and Giannis Antetokounmpo, as well as other athletes … | 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 …
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Gizmodo, Tom's Hardware, Tom's Guide, Digital Trends, TechSpot, SlashGear, Threatpost, Pureinfotech, PCMag, BetaNews, Gizchina, and MSPoweruser
Tweets: @gossithedog and @talossecurity
| 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 … | Reuters: |
Chinese state media says a regulator told Tencent to submit any new apps or updates for inspection through December 31; Tencent says its apps remain functional — Tencent Holdings' (0700.HK) apps remain functional and available for download, the company said on Wednesday in response … | Hans Nichols / Axios: |
Sources: five Democratic senators told the White House they oppose crypto critic Saule Omarova, Biden's pick to lead the OCC, effectively killing her nomination — Five Democratic senators have told the White House they won't support Saule Omarova to head the Office of the Comptroller of the Currency …
Tweets: @taniel, @davidgura, and @kerpen
| 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 …
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CNBC, U.S. Department of Commerce, Engadget, Reuters, CNET, and South China Morning Post
Tweets: @aadilbrar and @martijnrasser
| 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.
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iThinkDifferent, KnowTechie, CNET, TechCrunch, 9to5Mac, iPhone in Canada Blog, and iMore
Tweets: @twittersupport, @sub8u, and @jasonhirschhorn
| 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
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Light Reading, CNET, AppleInsider, Bloomberg, PhoneArena, Engadget, The Verge, Reuters, Android Central, and Digital Trends. Tweets: @mporielly
| Financial Times: |
Refinitiv: Southeast Asian fintech companies have raised ~$3B across 80 deals so far in 2021, more than in 2020 and 2019 combined — Consumers turn to mobile banking and ecommerce during pandemic, fuelling investor interest — Investors have pumped record amounts into south-east Asian …
Tweets: @johnreedwrites
| 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| 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 … Thanks:@keithswiader
| Kyle Wiggers / VentureBeat: |
Brisbane-based Simpro, which offers work management tools for employees in the field, raises $350M and acquires productivity tools ClockShark and AroFlo — Field service management, which refers to the management of jobs performed in the field (e.g., telecom equipment repair), faces continued challenges brought on by the pandemic.
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PR Newswire, Reuters, FinSMEs, SiliconANGLE, and PYMNTS.com
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