Techmeme
March 3, 2020, 7:08 AM

Top News

Jay Peters / The Verge:
Facebook and Twitter pull out of the SXSW conference citing COVID-19 concerns; event organisers say the conference is proceeding as planned  —  Twitter pulled out earlier today  —  Facebook has pulled out of the upcoming SXSW conference in Austin, TX, according to a company statement given to Business Insider.
Olivia Carville / Bloomberg:
Juli Clover / MacRumors:
Report: senior management at Apple rebuffed some operations execs' suggestion to relocate part of its manufacturing from China to Vietnam as early as 2015  —  Production on Apple's devices has been stymied in recent weeks due to delays caused by the coronavirus outbreak in China.
Kyle Wiggers / VentureBeat:
Waymo raises $2.25B from Silver Lake, Andreessen Horowitz, parent-company Alphabet, and others to scale up its autonomous vehicles operations  —  Waymo, the autonomous vehicles division of Google parent company Alphabet, just got a massive capital infusion from a coterie of investors.
Catalin Cimpanu / ZDNet:
US sanctions two Chinese nationals for allegedly laundering cryptocurrency for North Korea's Lazarus Group, which has hacked two crypto exchanges since 2018  —  UPDATE: The Department of Justice has also indicted the two Chinese nationals on money laundering-related charges.
Harry McCracken / Fast Company:
Behind Facebook's rewrite of Messenger, going live today, that has shrunk the iOS app's size from 130MB to 30MB and its codebase from 1.7M to 360K lines of code  —  To make its iPhone messaging app run better—especially on older phones—Facebook rewrote it from the ground up.  The new version is going live now.
Bloomberg:
Robinhood says it experienced a “system-wide outage” Monday that affected “all functionalities” on the platform  —  - Issue has been identified and fix is under way, company says  — Some customers of online broker couldn't access their accounts
Jonathan Stempel / Reuters:
Apple agrees to pay up to $500M to settle a US class-action lawsuit accusing it of quietly slowing down older iPhones  —  (Reuters) - Apple Inc (AAPL.O) has agreed to pay up to $500 million to settle litigation accusing it of quietly slowing down older iPhones as it launched new models …
Brian Deagon / Investor's Business Daily:
JD.com beats estimates with Q4 net revenue of $24.5B, up 26.6% YoY, says it expects Q1 revenue to increase “at least 10%” YoY to ~$19.09B amid COVID-19 concerns  —  Shares of China e-commerce giant JD.com (JD) shot up Monday after the company reported better-than-expected fourth-quarter results.
Catalin Cimpanu / ZDNet:
A look at Cryptolaemus, a group of security researchers and administrators fighting the Emotet malware, currently one of the most dangerous malware operations  —  A private group of 20+ security researchers and system administrators have been waging a silent war against Emotet, today's most dangerous malware operation.

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About Facebook:
Steve Stecklow / Reuters:

Earlier Picks

Jack Nicas / New York Times:
Lucas Shaw / Bloomberg:
Chris Welch / The Verge:
Hartley Charlton / MacRumors:
Financial Times:
Thomas Ricker / The Verge:
Casey Newton / The Verge: