Techmeme: Filings show Oyo had a net loss of $332M on revenue of $900M in the year through March 2019; operations in China account for ~40% of its losses worldwide (Sean O'Neill/Skift)

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December 2, 2019, 5:50 AM

Top News

Financial Times:

Leaked documents show how China is trying to shape global standards for facial recognition, video monitoring, city and vehicle surveillance tech via UN's ITU — Chinese technology companies are shaping new facial recognition and surveillance standards at the UN, according to leaked documents obtained …

More: Engadget, TechNode, and Axios

Tweets: @financialtimes, @choermoraes, @rushdoshi, @ajitpaifcc, @daniellescave, @privacyproject, @financialtimes, @ft, and @atulacharya

Jordan Pearson / VICE:

US arrests an Ethereum Foundation researcher, claiming he participated in discussions about how N. Korea can avoid sanctions during a crypto conference there — On Friday, the United States Attorney for the Southern District of New York announced criminal charges against a cryptocurrency researcher …

Annabelle Timsit / Quartz:

New regulations that require buyers of SIM cards to have their faces scanned, in addition to providing an official ID, came in to force in China on December 1 — A new rule requiring face scans of customers signing up for new mobile plans in China came into effect Sunday (Dec. 1) …

More: BBC, CNN, The Next Web, The Guardian, Bloomberg, Telegraph, Altdeep Newsletter, Taiwan News, SlashGear, Bitcoinist.com, NullTX, IT Management, and Yahoo Finance

Tweets: @kenroth, @staska, @dtunkelang, @scclemons, and @gladstein

Foo Yun Chee / Reuters:

EU antitrust regulators are conducting a preliminary investigation into Google's data collection practices — BRUSSELS (Reuters) - EU antitrust regulators are investigating Google's collection of data, the European Commission told Reuters on Saturday, suggesting the world's …

More: CNET, Engadget, Exciit Privacy and Technology, PYMNTS.com, SiliconANGLE, BetaNews, Patently Apple, MSPoweruser, Gizchina, and Seeking Alpha

Tweets: @adivawoman, @mdudas, @sub8u, @fabiochiusi, @andrewknight226, and @honestduane

Annalee Newitz / New York Times:

Media historians, tech designers, science fiction writers, and activists on how and why “slow media” curated by humans should replace today's social media — My quest to imagine a different reality.

Tweets: @nytimes, @profjessmaddox, @annaleen, @janinezacharia, @amyxzh, @anneapplebaum, @jamesgleick, @thiskat, and @adampnewman89

Reuters:

Facebook complies with Singapore's fake news law and adds a label that is visible to local users, under the users' post, saying the post contains false info — SINGAPORE (Reuters) - Facebook (FB.O) said on Saturday it had issued a correction notice on a user's post at the request …

More: Wall Street Journal, BBC, gov.sg, The Daily Dot, Bloomberg, Engadget, TechSpot, CNET, Seeking Alpha, The Straits Times, Yahoo News, Channel NewsAsia, and we, the citizens

Tweets: @blmohr and @hoofnagle

See also Mediagazer

Stefania Palma / Financial Times:

Singapore orders Facebook to correct a post by an Australian user, as part of a new “fake news” law; Facebook faces a fine of up to $365K if it does not comply

More: Guerre di Rete and The Straits Times

Tweets: @rasmus_kleis and @financialtimes

Lesley Stahl / CBS News:

Q&A with Susan Wojcicki on YouTube's stance on political ads, hate speech, conspiracy theories, and if it should be responsible for the content it recommends — YouTube's mission is to give everyone a voice, but the site's open platform has opened the door to hate.

More: TechCrunch, CNET, and Axios

Tweets: @60minutes, @60minutes, @60minutes, @60minutes, @lutherlowe, @nickmartin, @josh_emerson, @hunterwalk, @cernekee, @ktbenner, @slpng_giants, @lululemew, and @sallyshin

Ingrid Lunden / TechCrunch:

Adobe: Black Friday online sales grew 19.6% YoY to $7.4B, as Thanksgiving sales rose 14.5%, to $4.2B; Cyber Monday sales are expected to reach $9.4B, up 18.9% — Following swiftly on the heels of a Thanksgiving that broke records with $4.2 billion in online sales, Black Friday also hit a new high …

More: Washington Post, Mashable, Engadget, IGN, TechCrunch, CNN, CNBC, CNET, and Axios

Tweets: @andrewcurryla and @juiceboxca

Steve Satterfield / About Facebook:

Facebook unveils photo transfer tool, letting users transfer their photos and videos directly to other services starting with Google Photos, starting in Ireland — At Facebook, we believe that if you share data with one service, you should be able to move it to another.

More: VentureBeat and BetaNews

Tweets: @noplaymusic and @mattnavarra

Alex Danco:

How angel investing for social status is a core part of Bay Area tech ecosystem, and is critically missing from other cities trying to grow their tech scenes — Michael Seibel of YC posted a short video the other day about a topic that's near and dear to my heart: Why Fundraising is Different in Silicon Valley.

Times of India:

Indian police arrested 45 people and shut down a scam call center in Noida, alleging they used illicitly obtained info of Flipkart users to scam them — NOIDA: A bogus call centre was shut down and 45 people employed there arrested on Thursday but the investigation will go far beyond the two Noida buildings it operated from.

More: MediaNama. Tweets: @sub8u

Anne VanderMey / Bloomberg:

How the owner of a celeb-frequented Las Vegas nightclub helped build Airbnb's celebrity marketing program as a consultant, boosting Airbnb as a luxury brand — For one week in the summer of 2015, consumers of celebrity gossip news couldn't escape Mariah Carey's trip to Malibu, California.

Tweets: @vandermey, @vandermey, @bloombergquint, @bloombergquint, @tsgiles, and @shiraovide

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 5:50 AM ET, December 2, 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

Zachary Leeman / Mediaite:

White House deputy chief of staff Stephen Miller calls for CBS staff who “revolted” over Bari Weiss' decision to postpone 60 Minutes' CECOT segment to be fired

Todd Spangler / Variety:

Trump says Stephen Colbert is a “pathetic trainwreck” and “CBS should, ‘put him to sleep,’ NOW”; earlier CBS aired the Kennedy Center Honors, hosted by Trump

Lorcan Lovett / Nieman Reports:

A look at the state of independent media in Myanmar, which lost US and Swedish funding this year and where subscriptions aren't a dependable source of revenue

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More News

Sean O'Neill / Skift:

Filings show Oyo had a net loss of $332M on revenue of $900M in the year through March 2019; operations in China account for ~40% of its losses worldwide

Shuyao Kong / Decrypt:

Inside the shady world of upstart Chinese cryptocurrency exchanges like MXC, whose pump and dump schemes may have prompted China's latest crypto crackdown

Tweets: @mdudas

Financial Times:

Ocado, a UK-based grocery delivery service trying to become a warehouse automation tech provider, strikes a deal with Japan's largest supermarket operator Aeon

More: Bloomberg, Hargreaves Lansdown, This is Money, Bloomberg, Nikkei Asian Review, The Irish Times, Telegraph, Investing.com, The Times, euronews, Wall Street Journal, and CityAM. Tweets: @jonathaneley

Khari Johnson / VentureBeat:

A look at the Masakhane project, which aims to translate African languages using neural machine translation by working with AI researchers across the continent

More: masakhane.io and The Machinocene Review. Tweets: @zindiafrica

South China Morning Post:

A look at China-based MiningLamp, a Palantir-like startup that provides analytics tools to China's police and 200+ of Fortune 500, for an actionable information

More: International Business Times. Tweets: @pstasiatech and @ebkania

Nallur Sethuraman / Reuters:

An overview of crisis in India's telecom sector, after a Supreme Court ruling that sided with the government saddled mobile carriers with $13B in fresh debt

More: Reuters

Steve Dent / Engadget:

With chips like Threadripper 3960X and 3970X, AMD is now comfortably beating Intel in the high-end desktop/workstation CPU market, and is getting further ahead

More: Digital Trends. Tweets: @markpapadakis and @jhamby

Earlier Picks

The Robot Report:

Advanced Navigation raises $13M Series A for a range of products largely based on AI-enabled inertial navigation systems, which mostly do not rely on satellites

More: Advanced Navigation, Australian Manufacturing Forum, Australian Financial Review, SmartCompany, Pulse 2.0, and Robotics Business Review

Kieren McCarthy / The Register:

Interview with the Internet Society CEO, as he tries to defend the sale of the .org top level domain registry to private equity firm Ethos Capital

Tweets: @n_is_een, @mikeisaac, @steve_walker, @glynmoody, and @kierenmccarthy

Zack Whittaker / TechCrunch:

Only seven out of 21 US presidential candidates have implemented DMARC on their domains' email, a basic security feature that could have prevented the DNC hack

More: Security Boulevard. Tweets: @wboscoho and @zackwhittaker

Reuters:

China's new rules, effective Jan. 1, require videos created using AI or VR tech to be clearly marked, make distribution of deepfakes a possible criminal offense

More: VentureBeat, SlashGear, Reclaim The Net, Memeburn, The Daily Dot, The Verge, and South China Morning Post

Tweets: @baekdal, @brandonreeves08, @markghuneim, @charlesmok, @rohanagarwal94, and @alecolarizi

Joseph Cox / VICE:

Researchers say multiple telcos are deploying RCS in ways that expose users to text and call interception, spoofed phone calls, and location data leaks

More: Android Police, The Overspill, PiunikaWeb, and The Verge

Tweets: @josephfcox, @yangrunenberger, @vice, @kylebaker, @geeknik, @caparsons, @vice, and @vice

Stephen Nellis / Reuters:

Court filing: Intel says it has sold smartphone modem chip business to Apple at “a multi-billion dollar loss”, blames Qualcomm for forcing it out of the market

More: Intel Newsroom, TechCrunch, ZDNet, PYMNTS.com, Daring Fireball, MSPoweruser, Bloomberg Law, Tom's Hardware, ibtimes.sg, TechSpot, iDownloadBlog.com, Business Insider, Neowin, SiliconANGLE, Patently Apple, and WebProNews

Tweets: @gregorymbryant, @stevenrodgersgc, and @reuters