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March 5, 2021, 7:00 PM
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| Cecilia Kang / New York Times: |
Tim Wu, an outspoken critic of Big Tech, is joining the National Economic Council as a special assistant to President Biden for tech and competition policy — Tim Wu's appointment to the National Economic Council would signal a confrontational approach by the Biden administration.
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Gizmodo, The Verge, Financial Times, Fortune, AppleInsider, iMore, CNET, CNBC, Slashdot, 9to5Mac, Wall Street Journal, NBC News, and The Hill
Tweets: @superwuster, @shannoncoulter, @ceciliakang, @slpng_giants, @newrepublic, @adamnash, @ceciliakang, @davidgura, @albertwenger, @dhh, @genebsperling, @ceciliakang, @banditelli, @profgalloway, @jamesgleick, @jenny8lee, @proferictalley, @ddayen, @digiphile, @mcwellons, @benjysarlin, @davepell, @ceciliakang, @jameeljaffer, @dhh, @lessig, @emmalbriant, @nancyscola, @jamesfallows, @99legalproblems, @vijayshekhar, @marietjeschaake, @florianederer, and @ceciliakang
| Brian Krebs / Krebs on Security: |
Sources: at least 30K US organizations have been hacked by an aggressive Chinese espionage group exploiting unpatched flaws in Microsoft's Exchange Server — At least 30,000 organizations across the United States — including a significant number of small businesses, towns …
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CNET, FireEye, Bloomberg, Silicon Valley Business …, The Hill, Microsoft Security …, Wired, MSPoweruser, WeLiveSecurity, CyberScoop, and ZDNet
Tweets: @briankrebs, @fireeye, @mandiant, @danlinden, @briankrebs, @malwaretechblog, @kimzetter, @briankrebs, @brianmfloyd, @campuscodi, and @iamshley_a
| Adam Klasfeld / Law & Crime: |
US indicts John McAfee for fraud and money laundering over an alleged $13M cryptocurrency “pump-and-dump” scheme — Antivirus software mogul John McAfee, who has been awaiting extradition from Spain on tax evasion charges since late last year, just had his legal woes compounded …
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U.S. Department of Justice, Reuters, Reuters, The Verge, CFTC, PCMag, CNN, Decrypt, BleepingComputer, BBC, The Record, Associated Press, PC Gamer, news.com.au, Gizmodo, TechSpot, Bloomberg, WRAL TechWire, Insider, and New York Post
| Kevin Reynolds / CoinDesk: |
Bitcoin mining startup Bitfury merges with a SPAC to create a US-based company called Cipher Mining, raising $595M at a valuation of $2B — The mining SPAC has an expected value of $2 billion. — Cipher Mining Technologies, a newly formed U.S.-based bitcoin mining operation formed … | Wall Street Journal: |
Sources: India threatened to jail Facebook, WhatsApp, and Twitter employees if the companies don't comply with takedown requests related to farmer protests — Country flexes new powers over big platforms while companies are counting on world's second-largest population for growth
More:
Insider and 9to5Mac
Tweets: @jeffhorwitz, @tanvi_madan, @eliotwb, @ahmermkhan, @sushantsin, and @rmac18
| Jon Porter / The Verge: |
Leaked interface shows that Twitter is testing an “undo send” feature which may be a button that doubles as a progress bar — A work-in-progress interface has been unearthed — A potential animation for Twitter's long-rumored “undo send” feature has been discovered …
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Engadget, Gizmodo, CNN, iMore, Reuters, Pocket-lint, TechRadar, PCMag, iDownloadBlog.com, Trusted Reviews, iPhone Hacks, Android Headlines, SlashGear, KnowTechie, iPhone in Canada Blog, Android Central, Mashable, Windows Central, t3.com, Android Police, MSPoweruser, MacRumors, iMore, Firstpost Tech, Social Media Today, Pocketnow, and MUO
| Robert Hackett / Fortune: |
Eco, a personal finance app that offers yields of 2.5% to 5% and cash-backs for shopping at Amazon, Uber, and Doordash, raises $26M led by a16z crypto — Our mission to make business better is fueled by readers like you. To enjoy unlimited access to our journalism, subscribe today.
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Andreessen Horowitz, Decrypt, and TechCrunch
Tweets: @rhhackett, @andy_bromberg, @theryanford, @andy_bromberg, @ariannasimpson, @a16z, @jamesbeshara, @katie_haun, and @andy_bromberg
| Katherine Rosman / New York Times: |
Square acquires a majority stake in Jay-Z's streaming service Tidal for $297M; Jay-Z will join Square's board — What did Jay-Z and Jack Dorsey talk about when they went yachting around the Hamptons together last summer? Perhaps only Beyoncé knows. — Maybe now we do, too.
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Vox, Square, Reuters, Cointelegraph, coinspeaker.com, The Verge, and Billboard
Tweets: @jack, @jack, @jack, @jack, @lucas_shaw, @pkafka, @future_of_music, @jack, @apompliano, @jack, @loganbartlett, @backlon, @laurengoode, @jkaraian, @jess, @boo, @sowmyak, @basgras, @jstn, @profjeffjarviss, @jack, @adamsinger, @wongmjane, @jack, @jack, @mengxilu, @profgalloway, @cheriehu42, @brandonstosuy, @ayosogunro, @film_girl, @film_girl, @caseynewton, @pkafka, @yoda, @stedavies, @producthunt, @pkafka, @pkafka, @delrey, @willoremus, @reckless, @scottbelsky, @dada_drummer, @seyitaylor, @turnernovak, @square, @carnage4life, and @alex
| New York Times: |
Research: low-wage workers at businesses in the areas where Amazon operates have seen significant wage growth since the company raised minimum pay to $15/hour — New research suggests that when big companies increase wages, they drive up pay in the places where they operate — without a notable loss in jobs.
Tweets: @amazonnews, @equitablegrowth, @bencasselman, @joshchafetz, @pekingmike, and @bigblackjacobin
| Mike Isaac / New York Times: |
Reddit hires Drew Vollero as its first chief financial officer to prepare the company for an eventual IPO — The addition of Drew Vollero, formerly of Mattel and Snap, is a move toward developing operations more like publicly traded social networks. — SAN FRANCISCO — The world's …
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Upvoted, CNN, Reuters, PYMNTS.com, Variety, Tubefilter, and Bloomberg
Tweets: @laurenshirsch, @stevebartlettsc, @mikeisaac, @annmarie, and @nytimestech
| Riley de León / CNBC: |
Online learning provider Coursera files its S-1, reports 2020 net losses widened to $66.8M, up 46% YoY, on revenue growth of $293.5M, up 59% YoY — - Coursera filed with the Securities and Exchange Commission to list on the New York Stock Exchange under the ticker symbol “COUR.”
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SEC, TechCrunch, Reuters, and MarketWatch
| Wall Street Journal: |
Sources: digital imaging company Shutterfly has held talks to go public via SPAC at a valuation between $4B-$5B, including debt — Discussions come less than two years after Apollo took the online-photo-book company private — Shutterfly Inc. is in talks to go public through a merger …
More:
TechCrunch, San Francisco Business Journal, and Silicon Valley Business …
Tweets: @jhtscherck, @wsj, @danacimilluca, and @cararlombardo
| Ashley Carman / The Verge: |
Screenshots of a beta version of Fireside, Mark Cuban's podcasting app, suggest it will be a hybrid between Spotify's Anchor and Clubhouse — The app is in beta on iOS — Last month, The Verge broke news of Mark Cuban and Falon Fatemi's new app Fireside, which promises to deliver a … | Sujeong Lim / Counterpoint Research: |
Global smartwatch shipments rose 1.5% YoY in 2020, with Apple Watch shipments up 19% YoY, Huawei's up 26% YoY, and Fitbit shipments down 4% YoY — - In Q4 2020, the shipments decreased slightly YoY due to a fresh wave of COVID-19. — However, Apple managed to expand its market share and remains firmly at the forefront.| Kate Clark / The Information: |
Pitchbook: the median pre-investment valuation for a Series A round in the US has increased sixfold to $37M since 2010 — Financial software developer Orum, which disclosed a seed round over the summer, wasn't seeking more capital when Bain Capital Ventures offered to lead its Series A investment last year.
Tweets: @theinformation, @amir, @randybias, @jessicalessin, and @kateclarktweets
| Bloomberg: |
UK antitrust authorities say they plan to investigate Apple's App Store to probe whether it is abusing its market power to restrict competition — - CMA taking into account Apple's ‘dominant’ position in apps — Apple probe prompted by complaints from some developers
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GOV.UK, Laptop Mag, Gizchina, Game Rant, Wccftech, Gamasutra, PC Gamer, ZDNet, and MSPoweruser
Tweets: @appfairness, @benedictevans, @benedictevans, @richardhavell, @dhh, @fosspatents, @dhh, and @geradinlaw
| Javier Espinoza / Financial Times: |
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Reuters, Reuters, Trusted Reviews, Light Reading, iPhone in Canada Blog, Telecoms.com, Bloomberg, Platformer, The Register, MacStories, The Overspill, Firstpost Tech, and PYMNTS.com
Tweets: @senwarren, @vilile, @benedictevans, @benedictevans, @binarybits, @lanceulanoff, @fosspatents, @dhh, @dhh, and @javierespft
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| Brian Krebs / Krebs on Security: |
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HotHardware.com News, The Hacker News, Flashpoint, infosecurity-magazine.com, SecurityWeek, Gizmodo, and Intel 471
Tweets: @gregotto, @briankrebs, @neuralculture, and @flashpointintel
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Tweets: @comaware_4s, @arashmassoudi, and @tim