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September 8, 2017, 1:15 PM
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Top News

Dan Goodin / Ars Technica:
The Equifax breach, affecting ~44% of US population, is possibly the worst leak of personal information ever, and was handled poorly by the company  —  Consumer's most sensitve data is now in the open and will remain so for years to come.  —  It's a sad reality in 2017 …
Todd Haselton / CNBC:
Credit agency Equifax says breach affecting up to 143M US consumers found 7/29; sensitive data exposed included DOB, SSN, and 209K credit card numbers  —  Equifax Inc., which supplies credit information and other information services, said Thursday that a cybersecurity incident …
Anders Melin / Bloomberg:
Three Equifax execs including CFO sold shares worth ~$1.8M days after breach found but before public disclosure; no filings list transactions as scheduled sales
Wall Street Journal:
Sources: FBI is investigating Uber over use of defunct “Hell” program that illegally tracked drivers working for competitors like Lyft  —  Investigators looking at whether Uber's defunct ‘Hell’ internal program was used to interfere illegally with competitors
Deepa Seetharaman / Wall Street Journal:
Sources: Facebook is willing to spend $1B through 2018 on original video for its platform, a dramatic increase on its current video deals  —  Social-media giant could spend as much as $1 billion to cultivate original shows for its platform  —  Facebook Inc. FB .65% is loosening its purse strings …
Stan Higgins / CoinDesk:
Filecoin blockchain data storage network completes ICO by raising a record $257M including $52M presale, surpassing the $232M raised by Tezos  —  Blockchain data storage network Filecoin has officially completed its initial coin offering (ICO), raising more than $257 million over a month of activity.
More: Tech.eu and Mashable
James Vincent / The Verge:
Uber plans to electrify its London fleet by 2025, wants all uberX vehicles to be electric or hybrid by 2019, and adds 35p surcharge to fund car upgrades  —  The company is adding a surcharge of 35p ($0.46) to trips to help meet its green ambitions  —  Uber's UK operation has announced …
Craig Silverman / BuzzFeed:
Experts say Facebook's reticence to reveal information about advertisers, as other media forums must, threatens the democratic process  —  Sen. Mark Warner suggested that Facebook should disclose the same information about political ads that radio and TV stations are required to.
Robert Hof / SiliconANGLE:
Cloudera acquires machine learning research company Fast Forward Labs, beats Q2 expectations as it reports $89.8M revenue  —  In its second quarter since going public in April, big-data firm Cloudera Inc. managed to beat expectations, reversing a first-quarter disappointment that saw its shares plunge 16 percent the next day.
Gerrit De Vynck / Bloomberg:
Canada-based Kik plans $125M ICO, says it won't allow investors from its home country to participate due to weak guidance from Ontario Securities Commission  —  Messaging app plans to raise $125 million total in offering  —  Kik CEO said ‘weak guidance’ from OSC led to the decision

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From Mediagazer

Mark Sweney / The Guardian:
UK Culture Secretary Lisa Nandy says she is “minded to” intervene in DMGT's takeover of The Telegraph and may ask Ofcom to look at the impact on media plurality

Charlotte Tobitt / Press Gazette:
WAN-IFRA: news publications globally had an estimated combined revenue of $125.7B in 2025, down 0.01% YoY; print still accounted for 65% of total revenue

More News

Pew Research Center:
Pew 2017 study of news use on social media: 55% of US people aged 50+ get news on social sites, up 10% YoY; Twitter users who get news on site up 15% YoY to 74%

Earlier Picks

Todd Bishop / GeekWire:
Amazon seeks proposals from cities for a second HQ in North America, a “full equal” to Seattle HQ, and says it'll invest $5B+ and grow it to 50,000 employees
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