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August 16, 2019, 12:55 PM
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Top News

Jeff John Roberts / Fortune:
Coinbase has acquired the custody business of Xapo, a service best known for storing bitcoins in a vault under a Swiss mountain; source says for $55M  —  Cryptocurrency firm Coinbase has acquired the custody business of Xapo, a service best known for storing Bitcoins in a vault under a Swiss mountain.
Charlie Warzel / New York Times:
Five years later, a deep dive into Gamergate's origins and how conspiracy-fed trolling tactics it took mainstream are now central to post-truth information wars  —  On August 15, 2014, an angry 20-something ex-boyfriend published a 9,425-word screed and set in motion a series of vile events that changed the way we fight online.
Sarah Perez / TechCrunch:
YouTube changes policy: copyright owners will no longer be able to monetize creator videos with very short or unintentional uses of music via its manual tool  —  YouTube is making a change to its copyright enforcement policies around music used in videos, which may result in an increased number …
Juli Clover / MacRumors:
Apple sues mobile device virtualization company Corellium, accusing it of copyright infringement for illegally replicating iOS, along with iPhone and iPad apps  —  Apple today filed a lawsuit against Corellium, a mobile device virtualization company that supports iOS.
Biswarup Gooptu / The Economic Times:
India-based Twitter-like platform ShareChat, which supports multiple regional languages, raises $100M round led by Twitter, sources say at $600M-$650M valuation  —  Regional language social networking platform ShareChat has completed a $100 million (about Rs 718 crore) equity financing round led …
Lawrence Abrams / BleepingComputer:
Bluetooth SIG issues a security notice for the “KNOB” flaw, which allows hackers to steal data by brute forcing the encryption key used during bluetooth pairing  —  A new Bluetooth vulnerability named “KNOB” has been disclosed that allow attackers to more easily brute force …
Hilary Milnes / Digiday:
Sources and a leaked pitch deck indicate that Amazon may have offered vendors the ability to bid for an Amazon Choice badge in 2017  —  Amazon has previously offered vendors the ability to “bid” for an Amazon's Choice badge by lowering prices and spending more money on advertising …
Charlie Savage / New York Times:
In a letter to Congress, the Trump administration asks lawmakers to reauthorize a law that lets the NSA gain access to logs of phone and text records  —  The White House is seeking reauthorization of a law that lets the N.S.A. gain access to logs of Americans' phone and text records …
Paul Roberts / The Security Ledger:
Huge survey of 6K+ firmware images of devices by 18 vendors including Linksys and Netgear finds no improvement in software security and lax security standards  —  A survey of more than 6,000 firmware images spanning more than a decade finds no improvement in firmware security and lax security standards …
James Sanders / TechRepublic:
After the latest firmware update, some Surface Pro 6 and Surface Book 2 devices are throttling CPU speeds to 400 MHz; Microsoft says it is working on a fix  —  User reports indicate that an erroneously set CPU flag is sending Intel Core processors back into the Pentium II age.
FinSMEs:
Edge cloud services provider Zenlayer raises $30M Series B to expand globally with an emphasis on emerging markets like India, Indonesia, and Brazil  —  Zenlayer, a Los Angeles, CA- and and Shanghai, China-based edge cloud services provider, raised $30m in Series B funding.
The Information:
Sources: JD.com is talking with investment banks about a $500M US IPO in May for its online supermarket unit Dada-JD Daojia; Walmart owns 10% of Dada-JD Daojia  —  Chinese online retailer JD.com is in talks with bankers to list shares of its online supermarket joint venture in the U.S. next May …
More: Seeking Alpha.  Tweets: @amir
Ian King / Bloomberg:
Nvidia beats Q2 expectations with revenues of $2.58B, down 17% YoY, gaming chip sales of $1.3B, up 24% from Q1, and data center revenues of $655M, up 3% QoQ  —  - Chipmaker says all markets grew sequentially in quarter  — Stock rallies on optimism for end to inventory slump
Akanksha Rana / Reuters:
Report: Alibaba to buy NetEase's Kaola, one of the biggest Chinese shopping sites for imported goods, for $2B in cash  —  (Reuters) - Alibaba Group Holding Ltd has agreed to pay $2 billion in cash to buy Chinese e-commerce firm Kaola, local news outlet Caixin reported on Friday.  (bit.ly/2HcCI6C)

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This is a Techmeme archive page. It shows how the site appeared at 12:55 PM ET, August 16, 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

New York Times:
Court docs detail a smear campaign against actor Blake Lively via media articles and social media posts after she accused director Justin Baldoni of misconduct

Jessica Toonkel / Wall Street Journal:
A deep dive into Paramount's sale to Skydance; sources: Skydance may integrate Pluto into Paramount+, and CBS head George Cheeks is expected to be head of TV

Kimberly Nordyke / The Hollywood Reporter:
News Corp and Telstra agree to sell Australian pay TV company Foxtel Group to sports streaming platform DAZN in a deal worth ~$2.1B

More News

Karl Bode / VICE:
Google says data from its new “Password Checkup” Chrome extension shows that 1.5% of all website logins use credentials that have been compromised
Aric Toler / bellingcat:
A deep dive into Amazon FC Ambassadors program finds 53 Ambassador accounts in seven countries, some of which are using fake identities and recycling accounts
Jonathan Shieber / TechCrunch:
Cloudflare files for an IPO, citing sites like 8chan as one risk factor, says it had revenues of $192.7M in 2018, up 43% YoY, and a net loss of $87.2M

Earlier Picks

Shirin Ghaffary / Vox:
Study: leading AI models to detect hate speech are 1.5x more likely to flag tweets by African Americans as offensive or hateful, partly due to social context
Elizabeth Lopatto / The Verge:
A close reading of the S-1 of the soap opera that is The We Company, a “tech company” whose mission “is to elevate the world's consciousness”
The Information:
Investors and employees of Toptal, a freelancing platform with ~$200M revenue and originally funded by $1.5M in convertible notes, have ended up with no equity
Sean O'Kane / The Verge:
UPS takes a minority stake in self-driving truck startup TuSimple for an undisclosed sum, says it's been carrying UPS cargo between Phoenix and Tucson since May
The Keyword:
Google Assistant now lets users create reminders that can be assigned to friends or family, including scheduled time-based or location-based reminders
April Glaser / Slate:
Tech companies can do a lot more to protect the identities of people speaking in recordings used to train AI, like shifting the voice or gender of the speaker
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