Techmeme
April 19, 2018, 10:35 AM

Top News

David Ingram / Reuters:
Facebook says it will change ToS in May for 1.5B users outside EU; US, Canada to be governed by US instead of Ireland ToS, limiting GDPR impact to 400M users  —  SAN FRANCISCO (Reuters) - If a new European law restricting what companies can do with people's online data went into effect tomorrow …
Eugene Kim / CNBC:
Jeff Bezos says Prime has 100M+ members worldwide in his annual shareholder letter, the first time Prime membership numbers have been shared by Amazon  —  Amazon CEO Jeff Bezos has released his latest annual shareholder letter.  —  In the letter, Bezos stressed the importance of having high standards in running a business.
Aaron Tilley / The Information:
Sources: Intel to shut down its New Devices Group, which was formed in 2013 and made fitness trackers and smart glasses  —  Intel's long-failing foray into wearables and augmented reality is officially dead.  —  The chip giant's new devices group will shut down, according to people familiar with the situation.
Bloomberg:
Sources: Qualcomm is cutting ~1,500 jobs, mostly in California, in an effort to cut costs by $1B; the company employs 34K people globally  —  Company to reduce California workforce by about 1,500  —  Management acting in response to shareholder pressure  —  Qualcomm Inc. has begun cutting …
Bloomberg:
Facebook is building a team to design its own AI chips, according to job listings and sources, joining a trend among tech giants to lower reliance on chipmakers  —  Social network could use semiconductors for consumer devices  —  Move follows Apple's chip efforts, early work by Google
Josh Constine / TechCrunch:
Researchers: 3rd-party JavaScript trackers embedded on sites using Login With Facebook can grab Facebook user data; abusive scripts found on 434 of top 1M sites  —  Facebook confirms to TechCrunch that it's investigating a security research report that shows Facebook user data can be grabbed …
Richard Gao / Android Police:
Google Pay, formerly Android Pay, passes 100M installs on the Google Play Store  —  Nowadays, several phone manufacturers have their own payment services.  There's Apple Pay, Samsung Pay, the upcoming LG Pay, and of course, Google Pay.  After experiencing two rebrands and retaining …
M.G. Siegler / 500ish Words:
Silicon Valley's tech industry appears increasingly out of touch with reality, the latest example being Facebook's response to recent scandals, as IQ trumps EQ  —  As we slip out of touch with reality...  There's something that has been in the back of my mind for some time now.

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