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September 23, 2019, 1:15 AM
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memeorandum
WeSmirchTop News
| Wall Street Journal: |
Sources: several WeWork directors, including SoftBank members, plan to push for Adam Neumann to step down as CEO — SoftBank officials are among those expected to push for Neumann ouster — A bloc of WeWork directors is planning to push Adam Neumann to step down as chief executive …
More:
CNBC, New York Times, The Information, Fast Company, Bloomberg, SiliconANGLE, CNN, Financial Times, Telegraph, PYMNTS.com, Business Insider, and TechCrunch
Tweets: @eliotwb, @sherman4949, @inafried, @wallstcynic, @lizrhoffman, @zebulgar, @tomgara, @om, @alialsalim, @andrewrsorkin, @aexm, @andrewrsorkin, @djtgallagher, @wolfejosh, @sruhle, @dnvolz, @lizrhoffman, @jason, @sherman4949, @sameer_singh17, @seldo, @coryweinberg, @mattrosoff, @damiangarde, @aaronklein, @scottmaustin, and @danprimack. Thanks:@varun_mathur
| Chris Welch / The Verge: |
TiVo confirms it is planning to place pre-roll video ads before DVR recordings for all customers, even those with a lifetime subscription plan — Rolling out to TiVo's current devices over the next 90 days — So much for it being an early, experimental test.
More:
Light Reading, CNN, SlashGear, Mashable, Gizmodo, Engadget, Zatz Not Funny!, and Android Headlines
Tweets: @starfire2258, @markwillard85, @thebauminator, @davezatz, @harrymccracken, @caseynewton, @jaysonsrage, @kaludiasays, and @davezatz
| Josh Constine / TechCrunch: |
A look at Peloton, which may raise $1.2B in this week's IPO and sells $2.3K iPad-equipped stationary bikes and $40/mo. cycling video subscriptions to 510K+ subs — 13 reasons this bike has a cult — It makes lazy people like me work out. That's the genius of the Peloton bicycle.
Tweets: @joshconstine, @joshconstine, @joshconstine, @joshconstine, @joshconstine, @joshconstine, @joshconstine, and @joshconstine
| James V. Grimaldi / Wall Street Journal: |
Sources: anti-Amazon “grass roots” non-profit FFMI, which actively lobbies and influences media op-eds, is funded by Walmart, Oracle, other Amazon competitors — Walmart, Oracle and mall owner Simon Property Group are secret funders behind a nonprofit that has been highly critical of the e-commerce giant
More:
PYMNTS.com and Ars Technica
Tweets: @jaycarney, @wsj, @hypervisible, @alecstapp, @jbenton, @jeffsmithmo, @werner, @jaycarney, @karlbode, @quinnypig, and @jan_eeckhout
| Ingrid Lunden / TechCrunch: |
Facebook acquires Servicefriend, a startup that builds customer service AI chatbots for messaging apps; founders now work for Facebook's Calibra, per LinkedIn — As Facebook prepares to launch its new cryptocurrency Libra in 2020, it's putting the pieces in place to help it run.
More:
The Block, Crowdfund Insider, PYMNTS.com, SiliconANGLE, Tehrani.com, and Cointelegraph. Tweets: @ourielohayon
| Reuters: |
Der Spiegel: US dollar could make up 50% of the basket of currencies backing Libra, followed by 18% of euro, 14% yen, 11% British pound, and 7% Singapore dollar — BERLIN (Reuters) - The U.S. dollar will make up 50% of the basket of currencies backing Facebook's planned digital coin Libra … | Steven Zeitchik / Washington Post: |
Streaming services are gambling big on old shows, like AT&T's $1B for Big Bang Theory and Netflix's $500M for Seinfeld, with no way to know their actual worth — The numbers are enough to make you think it's 1995 and George is first getting mad at Jerry for breaking their pact.
Tweets: @mrinaldesai, @carnage4life, and @bluff_capital
| Emily Stewart / Vox: |
Polling of US adults shows that most, across party lines, support breaking up Big Tech, such as reversing Facebook's Instagram purchase, to improve competition — One hundred cardboard cutouts of Facebook founder and CEO Mark Zuckerberg stand outside the US Capitol in Washington, DC …
More:
AVC, Morning Consult, and Des Moines Register
Tweets: @gavinsbaker, @johnwilson, @catface_joe, and @matthewstoller
| Samson Amore / Los Angeles Business Journal: |
Rental property platform AvantStay, which owns and runs 150 high-end properties and focuses on group travel, raises $20M Series A led by 3L Capital — West Hollywood-based hospitality technology startup AvantStay Inc. announced a $20 million Series A financing round led by 3L Capital, a venture capital investor based in Westwood.
More:
Short Term Rentals, FinSMEs, and PhocusWire
| Todd Martens / Los Angeles Times: |
Apple Arcade may break the iOS game industry's risk-averse focus on in-app purchases, promoting games with higher quality than free-to-play games — The iPhone and its App Store changed gaming. And not always for the better. — Yet now with Apple Arcade, a game subscription service launching this week … | Connie Loizos / TechCrunch: |
Legalist, which funds lawsuits for a cut of settlements based on algorithmically calculated chances of winning, raises a $100M legal fund, ~10x its first one — If you haven't heard much about litigation finance, that may change soon. The practice dates back decades … | William Foxley / CoinDesk: |
Korean exchange Upbit says it is delisting six “privacy coins” including Monero, Dash, and Zcash following June's FATF guidance and a similar delisting by OKEx — Another cryptocurrency exchange has delisted a slew of privacy coins following recent regulatory requirements …
More:
Messari Crypto, PYMNTS.com, Micky, Crowdfund Insider, and Cointelegraph
Tweets: @bitentrepreneur and @kylesamani
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