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Techmeme
November 20, 2018, 6:10 AM
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Top News

Josh Constine / TechCrunch:
Instagram says it will use machine learning to find and remove inauthentic likes, follows, and comments from accounts using third-party apps to boost popularity  —  Instagram is fighting back against automated apps people use to leave spammy comments or follow then unfollow others in hopes of growing their audience.
Kate Rooney / CNBC:
Bitcoin hit its lowest level in more than a year on Monday, falling under $5,000, with the entire cryptocurrency market cap losing roughly $40B in the past week  —  - The world's largest cryptocurrency is now down 22 percent in the past week, falling as much as 12 percent Monday to its lowest level in more than a year.
Margaret Sullivan / Washington Post:
Zuckerberg should give up his dual role as Facebook CEO and chairman, stepping down as chairman and appointing an independent director to oversee the board  —  Facebook founder Mark Zuckerberg once set out a bit of digital-world wisdom that became his company's informal motto: “Move fast and break things.”
Deepa Seetharaman / Wall Street Journal:
Sources: this June, Zuckerberg told ~50 execs that Facebook was at war and he'd act more decisively, leading to reorgs, key departures, tension with Sandberg
Kyle Wiggers / VentureBeat:
Microsoft acquires Atlanta-based app provisioning and virtualization startup FSLogix, to improve Office 365 performance in “multi-user virtual environments”  —  Another day, another profitable exit for a well-regarded startup.  Microsoft today announced that it has acquired Atlanta …
Kevin Kelleher / Fortune:
The stocks of Amazon, Apple, Facebook, Google, and Netflix have all declined 20% or more in value in recent months, pushing them into bear market territory  —  Tech investors resumed their selloff of the large-cap FAANG stocks, with the five tech giants all sustaining declines of 20% or more …
Tom Dotan / The Information:
Sources: Evan Spiegel spends most board meetings looking at his phone and messaging on Snapchat, seemingly dismissive of some members' “short term” concerns  —  Until a few months ago, Snap's board meetings could be tense affairs.  Benchmark partner Mitch Lasky …
Frederic Filloux / Monday Note:
By pushing the “link tax” in the EU, publishers are shooting themselves in the foot because better options exist by working with Google to drive traffic  —  Within Google, some call into question the validity of helping the media industry.  By lobbying the EU on the “link tax”, publishers are waging a rearguard battle.

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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

Salon:
Salon, launched in 1995 to cover politics, culture, and more, says it is closing: “business realities of independent digital journalism have changed profoundly”

Matthew Keys / TheDesk.net:
Nexstar reports Q3 net income up 285% YoY to $250M and net revenue up 78% YoY to $2.1B, as Q3 political ads brought in $317M; results include Tegna numbers

Gene Maddaus / Variety:
How Democrats' midterm wins may affect Hollywood and media: uncertainty over federal tax incentive bill, greater FCC oversight, restoring CPB funding, and more

More News

Earlier Picks

Ina Fried / Axios:
Tim Cook says some government regulation of Silicon Valley is inevitable, defends deal to make Google Apple's default search engine despite privacy concerns
Edmund Lee / New York Times:
BuzzFeed CEO Jonah Peretti suggests the site could eventually merge with rival publishers to negotiate better terms with companies like Facebook and Google
Tom Warren / The Verge:
Microsoft says it is bringing Skype calling to Alexa-enabled devices this week, including SkypeOut which lets users call mobile and landline phones
Wall Street Journal:
Sources: Apple reduced production orders for all new iPhone models in recent weeks; iPhone XR production was slashed by up to one third of the initial 70M
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