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February 28, 2019, 7:45 AM
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Top News

Sarah Perez / TechCrunch:
FTC settles with Musical.ly, now TikTok, for $5.7M, over the app's violation of US child privacy laws; TikTok's app updates with a new UX for users under 13  —  A significant FTC ruling issued today will see video app TikTok fined $5.7 million for violating U.S. children's privacy laws …
Roland Li / San Francisco Chronicle:
In a letter to the CA government, Apple confirms that 190 employees, including 124 engineers, will be laid off from its self-driving car division on April 16  —  Apple will lay off 190 employees in Santa Clara and Sunnyvale in its self-driving car division, the company said.
Connie Loizos / TechCrunch:
Figure, which uses blockchain tech to provide home equity loans, raises $65M; founded over a year ago by ex-SoFi CEO Mike Cagney, Figure has raised $120M total  —  Figure, a 13-month-old, San Francisco-based company that says it uses blockchain technology to provide home equity loans online …
Thomas Brewster / Forbes:
Equipment from Cellebrite, popular with law enforcement for hacking into iOS/Android devices, is selling for $100-$1,000 on eBay; new units usually cost $6,000  —  When eBay merchant Mr. Balaj was looking through a pile of hi-fi junk at an auction in the U.K., he came across an odd-looking device.
The Seattle Times:
Though Seattle repealed its “head tax”, Amazon says it won't use the 722K sq. ft. in Rainier Square tower it had leased, which would have housed up to 5K staff  —  The lease was one of the biggest in Seattle history — enough space to hold at least 3,500 employees and perhaps up to 5,000.
Catalin Cimpanu / ZDNet:
Coinhive, an in-browser Monero miner known for cryptojacking, says it will shut down on March 8, citing the crypto crash and a recent Monero hard fork  —  Coinhive wanted to be an alternative to classic banner ads but it became malware after constant abuse.
Roger Cheng / CNET:
Source: Motorola plans to launch its foldable smartphone, likely a revival of the Razr brand, this summer  —  Motorola is jumping into foldable phones.  And it's likely doing it with one of the most iconic names in the business.  —  Motorola, a unit of Chinese consumer electronics giant Lenovo …
Larry Dignan / ZDNet:
RightScale 2019 State of the Cloud survey of enterprises and SMBs: Azure adoption grew from 45% to 52%, reaching 85% of AWS adoption, up from 70% last year  —  The RightScale 2019 State of the Cloud Report from Flexera highlights how enterprises are spending more on cloud computing …
Kate Rooney / CNBC:
Square reports Q4 adjusted revenue of $464M, up 64% YoY, 15M Cash App MAUs in Dec. 2018, up from 7M YoY, issues weak Q1 guidance; stock down 6%+ after hours  —  - Payment company Square reported fourth-quarter results that beat analysts' expectations for earnings and revenue on Wednesday.
Alexis C. Madrigal / The Atlantic:
Crowdtangle data: a small number of Facebook Pages created 46% of the top 10,000 posts for or against vaccines, with 20% generated by seven anti-vax Pages  —  Squelching vaccine misinformation might be easier than the platform makes it seem.  —  Look up vaccinations on Facebook …
Romain Dillet / TechCrunch:
Review of Shadow Ghost, a $140 streaming game console made by French startup Blade, which runs a $35/month cloud gaming service that now has ~65,000 subscribers  —  French startup Blade, the company behind Shadow, is launching a new set-top box to access its cloud gaming service — the Shadow Ghost.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 7:45 AM ET, February 28, 2019.

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

Jennifer Maas / Variety:
Disney CEO Bob Iger says Marvel is going to reduce output and focus on quality by releasing “about two TV series a year” and a “maximum of three” films per year

Austin Fuller / Current:
NPR CEO Katherine Maher will not attend a US House committee hearing on May 8 looking at alleged NPR bias due to a schedule conflict, but offers to appear later

Max Tani / Semafor:
Memo: Business Insider Global Editor-in-Chief Nich Carlson is stepping down and will become an editor-at-large focused on longer-term projects

More News

Maya Kosoff / OneZero:
While Amazon's board has become more diverse, as of January, 44 of 48 execs in Amazon's upper ranks were reportedly men and zero VPs were African-American

Earlier Picks

Eugene Wei / Remains of the Day:
An in-depth analysis of social media platforms through the lens of social capital theory and why we should think of them as “Status as a Service” businesses
Katyanna Quach / The Register:
IBM apologizes after some US online job application forms asked for the ethnicity of applicants and used racial slurs, says the questions have been removed
Josh Constine / TechCrunch:
Facebook policy doc shows it wants up to a 30% cut of Fan Subscriptions, vs Patreon's 5%, and to reserve right to offer free trials with no creator compensation
Makena Kelly / The Verge:
FTC announces a new task force to monitor competition in “technology-related sectors” and says that it will look into previous mergers
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