Techmeme
May 4, 2018, 12:45 PM

Top News

Parag Agrawal / Twitter:
Twitter urges all users to change passwords after it found a bug that stored unmasked user passwords in an internal log; no indication of breach or misuse found  —  When you set a password for your Twitter account, we use technology that masks it so no one at the company can see it.
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Sarah Frier / Bloomberg:
Sources: Facebook has been conducting market research to determine whether an ad-free subscription-based version would spur more people to join the network  —  - Internal debate whether users will pay to avoid advertisments  — Data-privacy crisis forces company to seek to regain trust
Becky Quick / CNBC:
Ahead of annual shareholders meeting, Berkshire Hathaway reveals it bought 75M shares of Apple, adding to the 165.3M shares it already owned at the end of 2017  —  - In the first quarter, Buffett's Berkshire Hathaway bought an astounding 75 million shares of Apple.
Josh Constine / TechCrunch:
Instagram confirms it has added a native payments feature to its app with a limited set of partners, letting users purchase items without leaving Instagram  —  Get ready to shop the 'Gram.  Instagram just stealthily added a native payments feature to its app for some users.
Todd Spangler / Variety:
CEO Susan Wojcicki says YouTube now has 1.8B logged-in users each month, announces new content deals with Will Smith, Coachella, and more  —  Video site renews deals for ad-supported shows Demi Lovato, Kevin Hart, Slow Mo Guys  —  YouTube now has 1.8 billion logged-in users each month …
Deepa Seetharaman / Wall Street Journal:
Sources: Facebook has an internal system nicknamed “Sauron alert” that notifies its employees when other employees access their accounts  —  'We have had discussions about this very idea," a Facebook spokesman said when asked why users aren't flagged if an employee accesses their records
More: Gizmodo, 9to5Mac, Business Insider, and Slate
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Jillian D'Onfro / CNBC:
Google Shopping found 5K fraudulent merchant accounts after Google exec paid a Vietnam-based seller, who appeared to be in the US, for a headset that never came  —  - A Google employee got scammed earlier this year, leading to a massive investigation of its Shopping site.
Sahil Patel / Digiday:
Sources: Snap has ended its licensing fee agreement with publishers who chose it in 2016; all publishers will rely on ad revenue from Snapchat Discover  —  Snap is no longer paying licensing fees to publishers for their Snapchat Discover channels, leaving those publishers instead to live off advertising.

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