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September 28, 2018, 1:10 PM
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Top News

Guy Rosen / Facebook:
Facebook says it has discovered a security vulnerability affecting ~50M users that allowed hackers to steal access tokens and take over user accounts  —  On the afternoon of Tuesday, September 25, our engineering team discovered a security issue affecting almost 50 million accounts.
Robert Ferris / CNBC:
Sources: Musk pulled out of a no-guilt SEC settlement at the last minute that barred him from being Tesla chairman for two years, required two new directors  —  - Elon Musk backed out of a deal with the Securities and Exchange Commission to settle allegations of fraud over his comments …
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.
Aisha Hassan / Quartz:
Spotify is sending emails to some of its “Premium for Family” account users asking them to prove their home address via GPS data or lose access to the plan  —  Spotify recently sent an email to some of its “Premium for Family” account users in the US that asked them to confirm their home address through GPS data.
Dieter Bohn / The Verge:
Google starts rolling out Wear OS 2.1 with a Google Assistant feed, one-swipe access to Fit, and revamped notifications  —  A better foundation for future watches  —  Today, Google will begin rolling out a software update for Wear OS smartwatches.  I've been using this new version for about a week …

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 1:10 PM 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
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

Earlier Picks

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
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
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
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
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
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