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November 12, 2021, 2:00 PM
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memeorandum
WeSmirchTop News
| Hannah Murphy / Financial Times: |
In internal memo, Andrew Bosworth says he wants the metaverse to have “almost Disney levels of safety” but that moderation at scale “is practically impossible” — Internal memo from Andrew Bosworth lays out the scale of the challenge
More:
Wall Street Journal and Wall Street Journal
| Drew Harwell / Washington Post: |
US contract lawyers say remote work surveillance programs, which utilize facial recognition, have become widespread in the industry — The attorneys worry that if law firms, traditionally the defenders of workers' rights, are turning to the programs, why wouldn't every other business?| Politico: |
A look at the relationship between Frances Haugen and anti-tech lobbying group Reset, which has guided her EU tour — As soon as Frances Haugen landed in Europe, she was given the VIP treatment. She met senior officials in Paris, Berlin and London. She testified to lawmakers in Brussels.| Katie Silver / BBC: |
Alibaba's annual Singles Day event sees slowest ever sales growth of 8.5% YoY since it was launched in 2009, but customer spending still hit a record $84.5B — Chinese e-commerce giant Alibaba's Singles Day is known for being the world's biggest online shopping extravaganza.
More:
CNBC, AppleInsider, PYMNTS.com, iMore, Reuters, PingWest, The Guardian, iPhone Hacks, CNN, and Wall Street Journal
| Andrew Perrin / Pew Research Center: |
Survey: 16% of US adults, including 43% of men aged 18 to 29, say they have invested in, traded, or used a cryptocurrency — The vast majority of U.S. adults have heard at least a little about cryptocurrencies like Bitcoin or Ether, and 16% say they personally have invested in …
More:
CNET, Cryptonews, TechSpot, and BitcoinExchangeGuide
Tweets: @delitzer, @brianroemmele, and @pewresearch
| Amanda Silberling / TechCrunch: |
Instagram tests paying $10,000+ bonuses to select Reels creators, as part of a program announced in July — Instagram really wants you to post Reels — they'll even pay you up to $10,000 for one, if you're lucky. — As TikTok surpasses the 1 billion monthly active users mark …
Source:
Instagram. More:
Gizmodo, Protocol, The Verge, Digital Trends, iMore, Mashable, KnowTechie, The Verge, BGR India, Bankless Times, iPhone Hacks, PhoneArena, Engadget, 9to5Mac, SAMAA, Social Media Today, and Tubefilter
Tweets: @_msalhotra, @cowbuttcrunchie, @positivesteven, @erikaheidewald, @yayahan, @yayahan, and @alex193a
| Sarah Perez / TechCrunch: |
Spotify acquires audiobook distributor Findaway and says it expects the deal to close in Q4 2021 — In an effort to expand beyond music, Spotify has been investing hundreds of millions to build out its podcasts business. Now the company has set its sights on another form of audio …
Source:
Spotify. More:
Financial Times, The Verge, Protocol, Axios, iMore, Input, KnowTechie, Gizmodo, BGR India, Music Ally, Pocketnow, TechRadar, Silicon Republic, Variety, Tech Xplore, Android Police, Billboard, 9to5Mac, Good e-Reader, Bloomberg, Engadget, AppleInsider, and Hollywood Reporter
Tweets: @mignano, @goblinwriter, @stockthoughts81, @adamlukas17, @dcseifert, @martinsfp, and @sarthakgh
| Takashi Mochizuki / Bloomberg: |
Toshiba responds to shareholder pressure by announcing it will split into three companies, focusing on infrastructure, tech devices, and memory chips — - Plans 100 billion yen for shareholder returns over two years — Company has endured years of scandals and controversy
More:
BBC, Reuters, New York Times, Gizmodo, and Quartz
| Robin Sloan / The Society of the Double Dagger: |
Web3 notes from a sci-fi writer and “enemy” of the tech: it shows new protocols are still possible, but is expensive, undemocratic, and impedes ephemerality — It's possible you have, in recent months, seen people writing with excitement (or curiosity, or consternation) about “Web3”.
Tweets: @caseynewton, @jasonschreier, @katiedreke, @arainert, @katherinemiller, @reedmaniac, @adora, @tynanpants, @codybrown, @mikeisaac, @levie, @alexhern, and @killedbygoogle
| Tanzeel Akhtar / CoinDesk: |
Forte, a blockchain-based gaming infrastructure startup, raises a $725M Series B led by Sea Capital and Kora Management, bringing its total funding to $900M — Forte will use the funding, which brings its total capital raised this year to more than $900 million, to expand its products and services.
More:
Blockworks, The Block, Business Wire, and VentureBeat
| Reuters: |
Foxconn beats estimates as Q3 net profit rose 20% YoY to $1.33B and warns its smartphone business revenue could slide more than 15% in Q4 — Taiwan's Foxconn (2317.TW), which assembles iPhones for Apple (AAPL.O), reported a better-than-expected third-quarter profit on Friday … | Lorenzo Franceschi-Bicchierai / VICE: |
Google researchers found a watering hole attack in August exploiting a macOS zero-day and targeting Hong Kong pro-democracy sites; Apple patched on September 23 — “The nature of the activity and targeting is consistent with a government backed actor,” the Google researchers say.| Taylor Hatmaker / TechCrunch: |
Discord CEO Jason Citron says the service has no plans to add crypto and NFT tools, following a backlash to an internal concept he shared on Twitter — Discord founder and CEO Jason Citron sought to reassure users Wednesday that the company doesn't have impending plans to shift its business toward NFTs.
Source:
@jasoncitron. More:
Ars Technica, Blockonomi, Android Headlines, Coinspeaker, Cointelegraph, Engadget, Twinfinite, Forkast, Fortune, PC Games Insider, ZDNet, Gizmodo, PC Gamer, CoinDesk, WeRSM, The Verge, VICE, Bloomberg, Dot Esports, The Verge, and PC Gamer
Tweets: @jasoncitron, @haydenzadams, @toadsanime, @froggyfrogster, @lukellios, @doodlemancyart, @danisylvini, @ricburton, @coinerstakingls, @joewintergreen, @asilbwrites, @tayhatmaker, @fluffysmolcloud, @antumbral, @ithayla, @cazlone, @flofluoro, @gempaw18, @panley01, @mdudas, @balajis, @tomwarren, @dclblogger, @cdixon, and @packym
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