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November 21, 2018, 11:50 AM
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Seth Fiegerman / CNN:
In an interview, Mark Zuckerberg says he will stay on as Facebook's chairman, defends COO Sheryl Sandberg, reiterates Facebook's potential as a force for good  —  New York (CNN Business)After spending much of this year apologizing for Facebook's many missteps, CEO Mark Zuckerberg was defiant …
Josh Constine / TechCrunch:
In a leaked internal memo, Facebook's outgoing head of public policy, Elliot Schrage, takes responsibility for the hiring of PR firm Definers  —  TechCrunch has attained an internal memo published by Facebook's outgoing head of public policy Elliot Schrage in which he blames himself for hiring PR firm Definers.
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
Aaron Tilley / The Information:
Source: Apple quietly bought Silk Labs, a startup that makes lightweight AI software for consumer hardware, earlier this year; PitchBook: Silk Labs raised ~$4M  —  Apple has quietly acquired a startup, Silk Labs, that specializes in making artificial intelligence software lightweight enough …
Bloomberg:
Leaked memo: Foxconn aims to cut $2.9B from expenses in 2019 and eliminate ~10% of non-technical staff, as it faces “a very difficult and competitive year”  —  Foxconn Technology Group, the biggest assembler of Apple Inc. iPhones, aims to cut 20 billion yuan ($2.9 billion) …
Wall Street Journal:
Sources: Amazon is working to persuade brick-and-mortar merchants to accept its Amazon Pay digital wallet, starting with gas stations, restaurants, and others  —  Amazon is looking to start by working with gas stations, restaurants and other merchants that aren't its direct competitors
Kia Kokalitcheva / Axios:
Design software company Autodesk says it is acquiring PlanGrid, a provider of cloud-based construction software, for $875M  —  Autodesk has agreed to acquire Plangrid, a startup that makes cloud-based construction software, for $875 million net of cash.  —  Why it matters …
Pranav Dixit / BuzzFeed News:
Sources detail meeting in India between Twitter's Jack Dorsey, Vijaya Gadde, and others, after photo of Dorsey holding sign criticizing caste system goes viral  —  At a round table discussion in New Delhi last week, Twitter's top executives seemed unaware of caste-based abuse taking place …
Bloomberg:
Sources: PT Tokopedia, Indonesia's largest online marketplace, raises $1B from existing investors including SoftBank, at a ~$7B post-money valuation  —  - Tokopedia is said to raise $1 billion of new funding  — SoftBank and other existing backers said to join round
Steve O'Hear / TechCrunch:
Berlin-based e-scooter rental service Wind Mobility, which operates in various cities in Spain, France, and the US, raises $22M in seed funding  —  Wind Mobility, a Berlin-based mobility startup that offers “dockless” e-scooter (and electric bicycle) rentals, has raised $22 million in seed funding …
Thanks:@sohear
Reuters:
While Facebook says human trafficking on its site is not allowed, it took weeks to remove a viral post that led to the auction of a child bride in South Sudan  —  JUBA/NAIROBI (Thomson Reuters Foundation) - The auction of a South Sudanese girl for marriage on Facebook could spur other families …

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 11:50 AM ET, November 21, 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

Todd Spangler / Variety:
Filing: Disney CEO Bob Iger's pay package rose 11.5% in 2025 to $45.8M; the Disney board is expected to name his successor early this year

Charlotte Tobitt / Press Gazette:
Analysis: among the top 50 news websites in the US and the UK, 34% blocked all major AI training bots; 14%, including Fox and Substack, allowed access to all

Ashley Carman / Bloomberg:
British podcasters like Steven Bartlett of The Diary of a CEO are adopting various strategies, including moving to the US, to break into the larger US market

More News

Josh Constine / TechCrunch:
LinkedIn launches Student Voices, its take on Snapchat Stories, for US colleges, and says it plans Stories-like features aimed at other sets of users too
Kyle Wiggers / VentureBeat:
Microsoft now supports standards-based FIDO2 security key devices, letting Windows 10 users access their Microsoft Account without entering username or password
Josh Constine / TechCrunch:
After announcing it four months ago, Facebook is rolling out its “how long do I spend on Facebook” dashboard, but its insights are not very specific

Earlier Picks

Jon Porter / The Verge:
In an updated statement, Tumblr says an audit found child porn images were slipping through detection tools, leading to removal from App Store
Jon Brodkin / Ars Technica:
From 2011 to 2016, the FCC released an annual report comparing advertised broadband speeds with actual speeds but has not released one in two years
Timothy W. Martin / Wall Street Journal:
Sources: Samsung plans to release a variant of the Galaxy S10 next spring that will have six cameras, 5G, and a 6.7" screen
Sean Hollister / The Verge:
Valve is discontinuing its Steam Link hardware, which let users stream games from PCs to other devices like a TV
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
Kevin Kelleher / Fortune:
The stocks of Amazon, Apple, Facebook, Google, and Netflix have all declined 20% or more in recent months, pushing them into bear market territory
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