Techmeme
November 7, 2017, 7:20 PM

Top News

Snap Investor Relations:
Snap reports Q3 net loss of $443.2M, vs. last year's $124.2M, and writes off $39.9M in unsold Spectacles inventory  —  VENICE, Calif.—(BUSINESS WIRE)— Snap Inc. (NYSE: SNAP) today announced financial results for the quarter ended September 30, 2017.
Timothy B. Lee / Ars Technica:
Waymo now offers free taxi rides in fully driverless cars in Phoenix, plans for a paid taxi service; at first, most of the cars will have employee in back seat  —  Waymo's first product will be a driverless taxi service in the Phoenix area.  —  Driverless cars are here.
Jon Russell / TechCrunch:
Major flaw in Parity multi-sig wallets, often used in ICOs, potentially freezes hundreds of millions of dollars worth of Ethereum  —  Today is not a good news day for Ethereum.  A vulnerability found within a popular wallet has frozen potentially hundreds of millions of dollars …
Casey Newton / The Verge:
Twitter is rolling out 280-character tweets around the world  —  Double trouble  —  In most of the world, the iconic 140-character tweet is now officially a thing of the past.  Twitter said today that after a global test, 280-character tweets will roll out to users around the world.
Dara Khosrowshahi / LinkedIn:
Uber CEO announces new “cultural norms” for company after employee input: celebrate differences, do the right thing, act like owners, make big bold bets  —  I've spent my first two months as Uber's CEO meeting our teams around the world, dealing with a few firefights …
Caitlyn Gribbin / ABC:
Facebook tests hashing to eliminate revenge porn in some countries; users send nude pics to themselves that Facebook will hash so they never appear on its sites  —  If you've had a nude photo taken, you might be nervous about where it could end up.  —  Your phone may be hacked …
Dieter Bohn / The Verge:
Google patches Wi-Fi KRACK flaw in Android, adds new saturated color display option in Pixel 2 and Pixel 2 XL, releases fix for Pixel 2 “clicking” noise  —  It's also fixing the clicking problem on the Pixel 2  —  The regular, monthly patches for the Pixel are one of the main reasons …
BBC:
Facebook promoted comments expressing disbelief under news stories as part of an experiment that has since ended  —  A Facebook test that promoted comments containing the word fake to the top of news feeds has been criticised by users.  —  The trial, which Facebook says has now concluded …
Stephen Nellis / Reuters:
TechInsights: iPhone X sells for $999 and costs Apple $357.50, giving it a gross margin of 64%; iPhone 8 sells for $699 with a 59% gross margin  —  (Reuters) - Apple Inc's (AAPL.O) new flagship iPhone X makes the company more money per phone than its iPhone 8 model, according to an analysis …
Dan Primack / Axios:
GOP tax bill, still in early stages, includes a big break for employees of privately held startups, would allow tax to be deferred on exercised stock options  —  House Republicans may win some new fans in Silicon Valley, with a new tax proposal that would help employees of highly valued startups that have not yet gone public.
More: The Verge
Ingrid Lunden / TechCrunch:
SaaS provider Proofpoint acquires Cloudmark, a firm that provides messaging security for ISPs and mobile carriers, for $110M  —  As malicious groups continue to become more sophisticated in their hacking techniques, cybersecurity efforts are attempting to expand in their reach, and that is leading to some consolidation in the field.

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