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Techmeme
September 28, 2018, 9:45 AM
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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%+  —  The Securities and Exchange Commission has opened a case against Tesla Inc. Chief Executive Officer Elon Musk, according to a docket entry in Manhattan federal court, Bloomberg News reports.
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.
Maureen Farrell / Wall Street Journal:
Sources: Slack is actively preparing for an IPO in the first half of 2019, with an expected valuation of more than $7B  —  Messaging company, recently valued at roughly $7 billion, aims to debut in the first half  —  Slack Technologies Inc. is actively preparing for an initial public offering …
Tweets: @danprimack
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.
Nour Al Ali / Bloomberg:
Swiss-based Seba has secured ~$104M in funding, dependent on being granted a banking license from Finma, to create a cryptocurrency-focused regulated bank  —  - Seba raises $104 million from private, institutional investors  — Company in talks with Swiss financial regulator since April
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 …

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 9:45 AM ET, September 28, 2018.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Max Tani / Semafor:
Documents: The Daily Wire, founded by conservative podcaster Ben Shapiro in 2015, seeks to raise at least $100M in a round that would value the company at $750M

Perry Stein / Washington Post:
Source: the US DOJ sought to force WaPo and WSJ reporters to testify before a grand jury but withdrew the subpoenas this month after the outlets challenged them

Joshua Benton / Nieman Lab:
A UK report on the plan to require social platforms to prominently show “trustworthy news” acknowledges that criteria for trustworthiness are yet to be defined

More News

Jon Brodkin / Ars Technica:
FCC limits the time local authorities get to review 5G applications to 90 days, caps annual fees to $270 per small cell, unless cities can prove higher costs
Matthew Prince / The Cloudflare Blog:
Cloudflare launches its own domain registrar called Cloudflare Registrar, promises to never charge anything more than the wholesale price each TLD charges

Earlier Picks

Consumer Reports:
Most Microsoft Surface laptops regain Consumer Reports' “recommended” status; Surface Go is still not recommended, mainly due to its slow performance
Paul Sawers / VentureBeat:
Google says it will now include creator and credit metadata in photos it displays on Google Images and will add copyright notice metadata in the coming weeks
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
Connie Loizos / TechCrunch:
Opendoor, which buys homes from sellers directly and then sells them at a profit, raises $400M from SoftBank's Vision Fund, source says at $2B valuation
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
CoinDesk:
Crypto mining company Bitmain files for Hong Kong IPO; draft filing shows $2.8B in revenue as of June 30 and $422.05M raised in funding round that ended Aug. 7
Kashmir Hill / Gizmodo:
Study: Facebook lets ads target your account using info given for security purposes, like your phone number, as well as info from your friends' address books
Zack Whittaker / TechCrunch:
Breakdown of the topics covered during Wednesday's US Senate hearing on privacy: big tech prefers federal legislation, Google evades questions on China, more
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