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April 26, 2019, 12:00 PM
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Top News

New York Times:
Sources: as it weighs constraints for Facebook, the FTC has discussed stronger monitoring of Facebook's privacy practices and direct punishment of Zuckerberg  —  Regulators on four continents are preparing for a long-awaited showdown with Facebook, after years of disinterest and half-steps.
Mike Isaac / New York Times:
New York State Attorney General announces investigation into Facebook's unauthorized collection of more than 1.5M users' email address books  —  SAN FRANCISCO — The New York State attorney general's office plans to open an investigation into Facebook's unauthorized collection …
Tony Romm / Washington Post:
Canadian privacy regulator finds that Facebook committed serious breaches of local privacy laws due to its mishandling of users' personal info
Dieter Bohn / The Verge:
iFixit says it has removed its Samsung Galaxy Fold teardown at Samsung's request through a “trusted partner” who supplied iFixit with the phone  —  The drama is unfolding with increasing strangeness  —  What in the world is going on over at Samsung in the wake of the Galaxy Fold delay?
Lauren Feiner / CNBC:
Slack files for an IPO via direct listing, reports loss of $138M on $400M revenue for FY 2019 ending Jan. 31, compared to $140M loss and $220M revenue for 2018  —  - Slack follows several tech companies that have already debuted on the public market in 2019, including Lyft, PagerDuty, Pinterest and Zoom.
Frank Chaparro / The Block:
NY State AG sues Bitfinex for allegedly using Tether reserve funds to cover withdrawals, after the loss or theft of ~$851M from Bitfinex's payments processor  —  The New York State Attorney General (NYSAG) is suing Bitfinex, the cryptocurrency exchange, and affiliated firm Tether, the company behind the stablecoin of the same name.
Shannon Liao / The Verge:
Amazon says it's working to offer free one-day shipping as the default for Prime customers but that it will take “a significant amount of time to achieve”  —  Amazon revealed today that it's working to offer free one-day shipping as the default for Amazon Prime customers …
Amazon:
Amazon reports Q1 revenue of $59.7B, up 17% YoY, operating income of $4.4B, up from $1.9B in Q1 2018, and net income of $3.6B, up from $1.6B in Q1 2018
Emil Protalinski / VentureBeat:
Amazon reports Q1 “other” category revenue, which mostly covers its ad business, of $2.7B, up 34% YoY, and subscriptions services revenue of $4.3B, up 40% YoY
Dan Primack / Axios:
Uber sets IPO price range of $44 to $50 per share, plans to raise up to $10.35B at a valuation of up to ~$84B  —  Uber on Friday morning disclosed that it plans to raise upwards of $10.35 billion in its IPO, at a market cap that could approach $84 billion.  — The ride-hail giant …
Tripp Mickle / Wall Street Journal:
Sources: Three veteran designers from Apple's industrial design team are leaving as the famously close knit team under Jony Ive undergoes a series of changes  —  Three designers will have recently left the prestigious, two-dozen member team responsible for the iPhone's design
Chaim Gartenberg / The Verge:
Report: Intel CEO Bob Swan says the chip company decided to exit the mobile 5G business after Apple and Qualcomm announced their settlement  —  Which came first, the chicken or the egg?  —  Intel has clarified that it bowed out of the mobile 5G marketplace earlier this month, and now we know why …
Dean Takahashi / VentureBeat:
Intel slightly beats with Q1 revenue of $16.1B, flat YoY, “data-centric” revenue down 5% YoY, and PC revenue up 4% YoY; stock down 7%+ after hours
Aamir Siddiqui / XDA Developers:
AT&T's controversial 5G E icon has been added to the Android Open Source Project, and will now be officially recognized as a valid option on Android  —  AT&T's misleading “5GE” campaign became part of Android when Samsung phones that were updated to Android Pie and One UI began showing the 5GE icon in the status bar.
Motherboard:
Sources: at a Twitter all-hands, a staffer said it doesn't block white supremacist content as aggressively as ISIS since algorithms may ban some GOP politicians  —  A Twitter employee who works on machine learning believes that a proactive, algorithmic solution to white supremacy would also catch Republican politicians.
Tony Romm / Washington Post:
Sources: Rep. Ilhan Omar asked Jack Dorsey in a call why Twitter didn't pull Trump tweet with a video prompting death threats; Dorsey said it didn't break rules
Tim Ingham / Music Business Worldwide:
Sources: Amazon is readying a high fidelity music streaming service that's expected to launch before the end of 2019, will likely cost $15 per month  —  Here comes Amazon.  —  Less than a week after the online giant launched its first fully free music streaming service …
Taylor Soper / GeekWire:
Seattle-based AppSheet, a no-code app development platform used by nearly 6,000 enterprise customers, raises $15M Series A led by Shasta Ventures  —  Seattle startup AppSheet has raised $15 million to fuel growth of its platform that helps businesses develop their own data-based apps without requiring a team of developers.
More: FinSMEs

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This is a Techmeme archive page. It shows how the site appeared at 12:00 PM ET, April 26, 2019.

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.

From Mediagazer

Mandy Dalugdug / Music Business Worldwide:
UMG, ABKCO, and Concord sue Believe, a music distributor in 50+ countries, and its subsidiary TuneCore for $500M+, accusing Believe of copyright infringement

Ryan Grim / Drop Site News:
In an internal email on Nov. 3, Patrick Soon-Shiong cites Trump's and Harris' stance on the Gaza war among the reasons the LA Times didn't endorse a candidate

Alexandra Steigrad / New York Post:
iHeart says it is laying off employees; a source says the layoffs affect less than 5% of a workforce of more than 10,000 employees

More News

Sergiu Gatlan / BleepingComputer:
Microsoft says it will drop password expiration policies with the Windows 10 May 2019 Update, suggests organizations implement other password security practices
Eddie O'Neil / Facebook Developers:
Facebook says it will no longer permit apps with minimal utility, such as personality quizzes, and will expire user permissions not used or accessed in 90 days

Earlier Picks

Ashley Carman / The Verge:
After Luminary admits using links that hide some podcast listener data, popular creators like Ben Thompson, Owen Williams, Federico Viticci pull their podcasts
Colin Lecher / The Verge:
Leaked documents show how Amazon automatically tracks and terminates warehouse workers for failing to meet productivity quotas
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