Techmeme
September 27, 2018, 6:10 PM

Top News

Bloomberg:
SEC sues Elon Musk, accusing him of misleading investors when he tweeted that he had funding lined up to take Tesla private; stock drops 11%+ after hours  —  The Securities and Exchange Commission has opened a case against Tesla Inc. Chief Executive Officer Elon Musk, according to a docket entry …
Sara Salinas / CNBC:
SEC seeks to bar Elon Musk from serving as an officer or director of a publicly traded company if found guilty; Musk calls SEC action unjustified  —  - The SEC complaint alleges that Musk issued “false and misleading” statements and failed to properly notify regulators of material company events.
John Leyden / The Register:
Weaknesses in DEP, Apple's free service for remote enterprise device management, may give attackers access to the network by guessing serial numbers of devices  —  Researchers check bootstrap enrolment tech, suck teeth, whistle  —  Hackers can blow holes in Apple's managed service technology …
David Stringer / Bloomberg:
Unnamed Australian teenager sentenced to eight months probation for breaching Apple's systems; investigators recovered 1TB of sensitive info copied from Apple  —  - Youth found accessing Apple networks addictive, court hears  — Customers' data wasn't compromised by the attacks, Apple says
Taylor Hatmaker / TechCrunch:
Coinbase adds Coinbase Bundle, a new offering that lets users buy a market-weighted sampling of its 5 available cryptocurrencies, for as little as $25  —  Coinbase is shaking things up quite a bit lately and its latest tools are geared toward cryptocurrency traders just getting their toes wet.
Bloomberg:
SoftBank's Vision Fund has already committed $65B; Masayoshi Son says that he plans to raise a new $100B fund every two or three years and spend ~$50B per year  —  The Japanese dealmaker says he'll raise a new $100 billion fund every few years.  Silicon Valley's disruptors are struggling to keep up.
Jacob Kastrenakes / The Verge:
Julian Assange steps down as editor-in-chief of WikiLeaks but retains publisher title, appoints Icelandic journalist Kristinn Hrafnsson to replace him  —  Julian Assange has stepped aside as editor-in-chief of WikiLeaks, with the group saying his departure was “due to the extraordinary circumstances” …
Lucas Matney / TechCrunch:
Oculus announces the standalone Oculus Quest, shipping next spring for $399 with touch controllers and 50+ games at launch  —  Opening up the Oculus Connect 5 keynote with some announcements, Facebook CEO Mark Zuckerberg announced that its newest headset, called Oculus Quest …
Kate Clark / TechCrunch:
The Infatuation, a restaurant discovery platform which bought Zagat from Google, raises $30M from Jeffrey Katzenberg's WndrCo  —  WndrCo, the consumer tech investment and holding company founded by longtime Hollywood executive Jeffrey Katzenberg, has invested $30 million in The Infatuation, a restaurant discovery platform.
Bryan Menegus / Gizmodo:
Amazon's anti-union tactics revealed in leaked 45-minute video that it sent to team leaders at Whole Foods; Amazon says Gizmodo “cherry-picked soundbites”  —  Amazon, the country's second-largest employer, has so far remained immune to any attempts by U.S. workers to form a union.

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Earlier Picks

CoinDesk:
Kashmir Hill / Gizmodo:
David Marcus / Facebook:
Zack Whittaker / TechCrunch: