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March 11, 2021, 12:15 PM
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Top News

Jacob Kastrenakes / The Verge:
Mike Winkelmann, the digital artist known as Beeple, sold an NFT of his work for $69M, through a first-of-its-kind auction at Christie's  —  Through a first-of-its-kind auction at Christie's  —  Until October, the most Mike Winkelmann — the digital artist known as Beeple — had ever sold a print for was $100.
Karen Hao / MIT Technology Review:
How Facebook leadership weakened initiatives to clean up misinformation, sidelining AI experts, because doing so would undermine Zuckerberg's desire for growth  —  Joaquin Quiñonero Candela, a director of AI at Facebook, was apologizing to his audience.
The Markup:
Citizen Browser project's Split Screen tool shows Facebook's different News Feeds for Trump and Biden voters, based on data from 2,500+ users across the US  —  Facebook's recommendation algorithm shows different news, groups, and hashtags to different users.  But who sees what?
Bloomberg:
Three former employees say that 100+ employees at Verkada could view the camera feeds of its thousands of customers via widely used super admin accounts  —  - Former employee said issue was raised with Verkada executives  — Hackers gained access to 150,000 customer camera feeds
Matt Day / Bloomberg:
Amazon has opened 11 Amazon Fresh stores around the US, with plans for at least 28 more  —  As many businesses struggled to survive the pandemic, Amazon.com Inc. was quietly building a national grocery chain.  —  The first Amazon Fresh store opened to the public in Los Angeles in September.
More: CNET and The Verge
Mary Ann Azevedo / TechCrunch:
Crypto lending and borrowing service BlockFi raises $350M Series D at a valuation of $3B, bringing its total raised to around $450M  —  If there were any doubt about a cryptocurrency boom, we need look no further than at the explosion of growth of certain companies in the space.
Chris Welch / The Verge:
Adobe rolls out a version of Photoshop optimized for Apple Silicon, claiming a 1.5X performance improvement over most Photoshop tasks on Intel Macs  —  Adobe says there are a ton of speed and performance gains  —  Lightroom was the first Adobe creative app to make the leap to Apple Silicon …
Reuters:
Russia says it is slowing down Twitter for not removing 3K+ posts containing “illegal content” and threatens a total block if Twitter ignores deletion demands
Bloomberg:
Documents: Apple denied Parler reentry into the App Store, citing a lack of changes; source says Parler let its three remaining iOS developers go  —  - Apple's recent review found ‘Nazi symbols’ on the Parler site  — Parler eliminates seven workers, most of whom were contractors
Stephen Warwick / iMore:
Twitter says it is testing displaying large images, instead of cropped previews, on iOS and Android and will add support for 4K photo uploads  —  “Sometimes it's better said with a picture or a video.”  —  What you need to know  — Twitter is testing new features that will let you see a single image in full on your timeline.
Damien Wilde / 9to5Google:
Oppo unveils Find X3 Pro with Snapdragon 888, 6.7" 120Hz display, 12GB RAM, 50 MP ultrawide camera, and a 3MP “microlens” for microscope style macro shots  —  The covers have now been lifted from the Oppo Find X3 series with three models — X3 Lite, X3 Neo, and X3 Pro …
CNBC:
Roblox closes at $69.50, valuing it at $38.26B, after opening under RBLX at $64.50, up 43% from its January funding round  —  - Roblox held its stock market debut on Wednesday through a direct listing and is now trading under ticker symbol RBLX.  — The company's stock closed at $69.50 apiece …
Chris Metinko / Crunchbase News:
Cowbell Cyber, which uses AI to assess risk and offer cyber insurance to companies with less than $1B in revenue, raises $20M Series A  —  Pleasanton, California-based Cowbell Cyber raised a $20 million Series A as more small and medium-sized enterprises look for insurance against the growing number of cyberattacks.
More: FinSMEs and ZDNet
Brent Kendall / Wall Street Journal:
Facebook says it has filed motions to dismiss antitrust lawsuits brought by the FTC and state AGs, arguing its conduct did not harm competition or consumers  —  Action marks its first legal salvo since the FTC and 46 states sued the company in December  —  WASHINGTON— Facebook Inc …
Bloomberg:
Coupang priced its IPO at $35 per share, above its target range, to raise $4.2B and give the South Korean e-commerce giant a market value of about $60B  —  - South Korean e-commerce company sells shares for $35 each  — Coupang shares set to begin trading Thursday on NYSE
Javier Espinoza / Financial Times:
Sources: EU regulators are struggling to gather enough evidence to bring antitrust charges against Amazon despite working on the case for nearly two years  —  Regulators face difficulties gathering evidence against tech giant nearly two years after probe was announced

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 12:15 PM ET, March 11, 2021.

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

Jonathan Stempel / Reuters:
A New York judge finds Sirius XM liable for a difficult subscription cancellation process; Sirius says it will appeal but abide by a new “click-to-cancel” rule

Ashley Carman / Bloomberg:
A growing number of podcasters, including Tim Ferriss, are moving away from interviews to monologues or co-hosts, as some well-known guests can be overexposed

Matthew Keys / The Desk:
DirecTV terminates its Dish acquisition after a group of Dish creditors rejected a modified bond exchange offer

More News

Jonathan Shieber / TechCrunch:
Tetrate, which develops an app management platform for hybrid and multicloud environments, raises $40M Series B led by Sapphire Ventures
Alex Konrad / Forbes:
Q&A with Chris Sacca on his brief retirement, Trump and Biden, investing in climate startups, how investing has changed, NFTs, and more

Earlier Picks

Sean Hollister / The Verge:
Twitter says it aims to let anyone start hosting Spaces in April, after testing with a select few
Dan Goodin / Ars Technica:
Dependency confusion attacks, where package managers override local packages with global ones, are flourishing, impacting Microsoft, Zillow, Lyft, and others
Ax Sharma / BleepingComputer:
Data center operator OVH says a fire destroyed some of its sites in France, affecting cyber threat intelligence company Bad Packets, game maker Rust, and others
Ingrid Lunden / TechCrunch:
Facebook launches Instagram Lite, an Android app that takes up just 2MB of storage space, in 170 countries, and says Facebook Lite has 200M+ MAUs
Nikkei Asia:
Sources: Apple cuts iPhone 12 mini orders by 70%, targets producing 75M iPhones in H1 and 230M units for all of 2021, reschedules new MacBook production to H2
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