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December 7, 2021, 5:05 AM
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memeorandum
WeSmirchTop News
| The Markup: |
Sources: Life360, a family safety app with 33M users, has sold users' precise location since 2016 and is one of the location data broker industry's top sources — The app is a major source of raw location data for a multibillion-dollar industry that buys, packages, and sells people's movements
More:
Gizmodo, MacRumors, 9to5Mac, fossbytes.com, Input, iMore, Ubergizmo, Pocket-lint, iDownloadBlog.com, XDA Developers, AppleInsider, KnowTechie, and Pixel Envy
Tweets: @themarkup, @wolfiechristl, @jsrailton, @jathansadowski, @jordannovet, @parkerortolani, @bergmayer, @hypervisible, @alisoncroggon, @jsrailton, @dangillmor, @bradmccarty, @kateward, @carlhancock, @jboogie, @tldtoday, @omartosca, @astepanovich, @harrisonweber, @journeydan, @sachsjonah, @jshermcyber, @alfredwkng, @juliaangwin, @juliaangwin, @themarkup, @juliaangwin, and @juliaangwin
| Wall Street Journal: |
Intel plans to take its Mobileye unit public, sources say at a $50B+ valuation; Intel acquired the self-driving car company in 2017 for about $15B — Move could value Mobileye at more than $50 billion, according to people familiar with the matter — Intel Corp. is planning to publicly list shares …
More:
Silicon Republic, Intel, Reuters, MarketWatch, Protocol, Oregonian, TechCrunch, New York Times, Silicon Valley Business …, Bloomberg, SiliconANGLE, and iTnews
Tweets: @djohnson_cpa, @epro, and @djtgallagher
| Catalin Cimpanu / The Record: |
Microsoft seizes 42 domains allegedly used by a Chinese cyber espionage group that targeted organizations in 29 countries including the US — Microsoft said today that its legal team has successfully obtained a court warrant that allowed it to seize 42 domains used by a Chinese cyber-espionage group …
Source:
Microsoft On the Issues. More:
New York Times, BleepingComputer, The Hacker News, Microsoft Security Blog, The Register, ZDNet, TechCircle, SiliconANGLE, TechCrunch, The Hill, CyberScoop, and Dark Reading
Tweets: @byron_wan, @msftissues, @nytimesbusiness, and @infosecsherpa
| Cho Mu-Hyun / ZDNet: |
Samsung merges its mobile and consumer electronics divisions into one business unit led by JH Han, and names Kyehyun Kyung as the CEO of its semiconductor unit — The Galaxy-device maker's smartphone and TV divisions will now be run by a single CEO. — Samsung said on Tuesday it has merged …
Source:
Samsung Global Newsroom. More:
TechCrunch, The Verge, PhoneArena, Engadget, Bloomberg, Reuters, Financial Times, Wall Street Journal, SamMobile, THE ELEC, Korea …, Reuters, and Gizchina
| Juli Clover / MacRumors: |
Report: the US DOJ has asked Roblox why it changed “games” to “experiences” on its website, and asked Roblox and other developers to clarify the difference — The United States Justice Department is investigating Apple for antitrust issues, and Roblox is an area …
Source:
The Information. More:
AppleInsider, iThinkDifferent, iMore, 9to5Mac, and MacDailyNews
Tweets: @youfoundsam_rbx and @joshua_sisco
| Jon Porter / The Verge: |
WhatsApp now lets users set all one-to-one chats to disappear by default after 24 hours, seven days, or 90 days — Its disappearing messages feature is getting an upgrade — WhatsApp is adding new functionality to its disappearing messages feature, which lets users set messages in a chat …
More:
WhatsApp.com, Livemint, TechCrunch, BleepingComputer, fossbytes.com, The Independent, Meta, Softpedia News, BGR, Ubergizmo, TNW, Android Central, SlashGear, iPhone in Canada Blog, MSPoweruser, MUO, iThinkDifferent, GSMArena.com, iMore, The Economic Times, Pocket-lint, Tech Advisor, and Hindustan Times
| Lucas Matney / TechCrunch: |
Lyft CFO Brian Roberts, who joined the company in 2014 and took it public, leaves to become CFO at NFT marketplace OpenSea — Lyft's long-time CFO Brian Roberts, who took the company public, announced Monday that he was departing the ride share company that he joined in 2014 to take the same role at NFT marketplace OpenSea.
More:
Bloomberg, OpenSea Blog, Blockworks, pitchbook.com, and The Block
Tweets: @bkroberts, @crypto, @crypto, @colegottweets, @idekmort, and @xanderatallah
| Nikkei Asia: |
Source: Japan's FSA to propose legislation that would let only banks and wire transfer firms issue stablecoins as the country plans a yen-based digital currency — Only banks, wire transfer companies would issue currency-backed coins like Tether — Stablecoins are linked to such assets …
More:
The Verge, PYMNTS.com, Bitcoin News, Cointelegraph, CoinDesk, and The Block
| Dean Takahashi / VentureBeat: |
Facebook Gaming announces Play with Streamer, letting lets creators invite audience members to join a game, launching alongside Pac-Man Community — Mark Zuckerberg unveiled that Pac-Man Community is debuting on Facebook Gaming as one of the first games where audiences can play together while spectating.
More:
Meta, The Verge, 9to5Mac, TechCrunch, Protocol, Observer, and Forbes
Tweets: @dds618_, @bryantchappel, @skoochlol, @skoochlol, and @iam_ikandi
| Salvador Rodriguez / CNBC: |
Blockchain infrastructure technology startup Mysten Labs, founded by four former Facebook crypto engineers, raises a $36M Series A led by Andreessen Horowitz — - Andreessen Horowitz led a $36 million funding round of Mysten Labs, a crypto and blockchain infrastructure technology start-up founded by four former Facebook engineers.| Rita Liao / TechCrunch: |
WeLab, which offers consumer fintech products across Asia, raises $240M and buys an Indonesian commercial bank Jasa Jakarta — A virtual bank is soon coming to Indonesia. WeLab, a Hong Kong-based fintech unicorn, announced Tuesday its acquisition of Bank Jasa Jakarta (BJJ), an Indonesian commercial bank.
More:
Bloomberg, DealStreetAsia, and Tech in Asia
| David McCabe / New York Times: |
Ahead of a congressional hearing, Adam Mosseri outlines forthcoming parental controls for Instagram, including monitoring time spent and deleting posts in bulk — Adam Mosseri, the head of the company, is expected to face questions from lawmakers this week about whether social media harms children.
Source:
Meta. More:
RTÉ, CNN, Wall Street Journal, Bloomberg, Engadget, CNBC, Tech Xplore, and U.S. Senate Committee …
| Jordan Novet / CNBC: |
Microsoft tells its partners that enterprise customers will be charged 20% more for their Office subscriptions if they don't switch to an annual plan in 2022 — - Microsoft is telling partners that customers will soon be charged 20% more for Office subscriptions if they prefer to keep paying by the month.
More:
Protocol, Windows Central, PYMNTS.com, SlashGear, and ZDNet. Tweets: @jordannovet. Thanks:@mattrosoff
| Dan Taylor / Tech.eu: |
Helsinki-based Enfuce, a card issuing and payments processing service, raises a €45M Series C led by Vitruvian Partners, bringing its total funding to €62M — Centred around its card-as-a-service offer, Enfuce has raised €45 million in a Series C funding round.
More:
Enfuce, ArcticStartup, PYMNTS.com, Crowdfund Insider, and Finextra
| Jordan Novet / CNBC: |
MongoDB reports Q3 revenue of $227M, up 50% YoY, a net loss of $81.3M, up from $72.7M YoY, and Atlas cloud database revenue up 84%; stock up 17%+ — - Revenue growth accelerated, including in the fast-growing Atlas cloud service category. — Sales and marketing expenses continue to mount.| Kaya Yurieff / The Information: |
Universe, a mobile-based website builder, raises a $30M Series B led by Addition, and says over 500,000 creators and SMBs have used its sites in the past month — Creators are making custom websites in vogue again. — After years of watching social networks abruptly tweak their algorithms … | Ben Smith / New York Times: |
A document from TikTok's engineering team in Beijing details the app's addictive algorithm, which pursues DAUs by optimizing for “retention” and “time spent” — It's the most successful video app in the world. Our columnist has obtained an internal company document …
More:
Understanding TikTok, The Verge, Gizmodo, Garbage Day, Insider, Input, and TechRadar
Tweets: @zeyiyang, @jeremybmerrill, @willoremus, @jonathanstray, @caulfieldtim, @amondalek, @lmatsakis, @lmatsakis, @mims, @mims, @acerbialberto, @akcronin, @gwbstr, @jimbethell, and @jerrydunleavy
| Ryan Browne / CNBC: |
Atomico: European tech startups will raise a record $121B in 2021, up from $41B in 2020, with <1% going to early-stage; 98 unicorns were created in 2021 — - Start-ups in Europe are on track to haul in a record $121 billion in funding this year, according to a report from venture capital firm Atomico.
More:
TechCrunch, Bloomberg, Forbes, and Sifted
| D. T. Max / New Yorker: |
An in-depth look at Welshman James Howells' desperate efforts to excavate his local landfill to recover a hard drive with 8,000 bitcoins mined in 2013 — For years, a Welshman who threw away the key to his cybercurrency stash has been fighting to excavate the local landfill.
Tweets: @newyorker, @gladstein, @andrewmarantz, @grady_booch, and @jtruk
| Martin Anderson / Unite.AI: |
Study: AI research regularly reuses a small number of ML datasets by a few institutions like Stanford, Microsoft, Princeton, Meta, Google, Max Planck, and AT&T — A new paper from the University of California and Google Research has found that a small number of ‘benchmark’ machine learning datasets … | Andrew E. Kramer / New York Times: |
US investigators traced ransomware payments back to companies in the Moscow skyscraper Federation Tower East, suggesting Russia tolerates ransomware operators — Cybersecurity experts tracing money paid by American businesses to Russian ransomware gangs found it led to one of Moscow's most prestigious addresses.
Tweets: @antontroian, @adam_k_levin, @epro, @andrewkramernyt, @hatr, @ericgarland, @ddd1ms, and @stick631
| Julian E. Barnes / New York Times: |
More:
CyberScoop, The Record, CNN, CNET, Washington Post, Threatpost, The Hill, Dark Reading, Fortune, Midday Macro, TechRadar, Bagheera's Newsletter, and Slashdot
Tweets: @nicoleperlroth, @campuscodi, @diakopter, @zcohencnn, @imposecost, @julianbarnes, and @jeffstone500
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