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Techmeme
May 7, 2020, 8:00 AM
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Top News

New York Times:
Facebook's Oversight Board announces its first 20 members, out of a total of 40, who will oversee challenging content issues  —  The company's independent oversight body will focus on challenging content issues, such as hate speech and harassment.  —  The authors are co-chairs of Facebook's oversight board.
David Kaye / Just Security:
Facebook's efforts are laudable, but the Oversight Board does not end debates over online speech or legitimize content moderation choices by other platforms
Brady Dale / CoinDesk:
Square reports $528M in Q1 revenue from its Cash App, with $306M coming from Bitcoin transactions, exceeding the app's fiat revenue of $222M for the first time  —  Bitcoin has flippened USD on Square's Cash App, sort of.  —  As reported in the publicly traded fintech company's …
Emily Bary / MarketWatch:
Square reports Q1 revenue of $1.38B, up 44% YoY, with net loss of $106M, up $68M YoY, as Square fills reserves to prepare for COVID-19 problems; stock down 6%+  —  Payments processor falls to an adjusted loss as it prepares for merchants' transaction and loan losses with reserves  —  Referenced Symbols
Nick Statt / The Verge:
Epic Games says Fortnite has 350M registered players, up from 250M in March 2019; in April, players logged 3.2B hours in the game  —  More than 3.2 billion hours played in April alone  —  Epic's Fortnite has more than 350 million registered players, the game developer announced on Wednesday.
Brittany A. Roston / SlashGear:
Smart home company Wink to require users pay a $4.99 monthly subscription fee starting May 13, or device automations and accessibility via app will be disabled  —  Smart home company Wink has made a surprising and heavily criticized announcement: it will soon charge a monthly subscription fee.
Manuel Vonau / Android Police:
Microsoft updates To Do with new features as Wunderlist shutters ~5 years after its acquisition, and the founder behind it unveils work on a new app, Superlist  —  Today is finally the day Wunderlist dies, years after the Microsoft acquisition.  Former users are encouraged to switch to Microsoft To Do …
Matt Brian / Engadget:
UK broadband provider Virgin Media and telecom operator O2 announce £31B merger in an effort to take on BT, Sky, and Vodafone in the country  —  The rumors were true: UK broadband provider Virgin Media and telecoms operator O2 are to merge, their parent companies confirmed today.
Jordan Novet / CNBC:
Twilio beat Q1 estimates with revenue of $364.9M, up 57% YoY, and reports over 190K active customer accounts; stock is up about 25% after hours  —  - Twilio beat expectations on results and its guidance for the current quarter.  — The company withdrew full-year guidance.  —  Jeff Lawson
Kurt Wagner / Bloomberg:
The Libra Association names former US Treasury Department official Stuart Levey as its first CEO ahead of a renewed regulatory push  —  The Libra Association, the group behind the proposed digital currency invented by Facebook Inc., named former U.S. Treasury Department official Stuart Levey as its first chief executive officer.
Ingrid Lunden / TechCrunch:
Dtex, which uses AI to monitor and detect insider threats in enterprise networks, raises $17.5M led by Northgate Capital  —  A lot of enterprise cybersecurity efforts focus on malicious hackers that work on behalf of larger organizations, be they criminal groups or state actors …
Lora Kolodny / CNBC:
Lyft reports Q1 revenue of $955.7M, up 23% YoY, as its net loss drops to $398.1M from $1.1B in 2019; active riders rose 3% YoY to 21.2M; stock up 10%+  —  - On Wednesday, Lyft reported losses of $398.1 million, and revenue of $955.7 million for Q1 2020.  — Citing Covid-19 impacts to its business …
Lucas Shaw / Bloomberg:
Internal document reveals Twitch is looking to fund a slate of original, unscripted series that would be live and interactive on dating, sports, music, and more  —  - Amazon unit will bankroll slate of unscripted series this year  — Use of Twitch has exploded during the coronavirus pandemic
Dean Takahashi / VentureBeat:
Nintendo reports FY 2019 net profit of $2.43B, up 33.5% YoY, on sales of $12.31B, up 9% YoY, 55.7M Nintendo Switch and Switch Lite consoles sold to date  —  Nintendo reported that its full-year sales for the fiscal year ended March 31 were $12.31 billion, up 9% from $11.30 billion a year earlier.
Emily Bary / MarketWatch:
PayPal misses Q1 estimates with revenue of $4.62B, up 13% YoY, net income of $84M, down from $667M YoY, and says May 1 was its largest transaction day ever  —  Referenced Symbols  —  PayPal Holdings Inc. fell short of first-quarter expectations Wednesday as the company felt the impact …
Kyle Wiggers / VentureBeat:
GigaSpaces, which develops in-memory data analytics software, raises $12M led by Fortissimo Capital, bringing its total raised to $53M  —  GigaSpaces, a startup developing in-memory computing solutions for AI and machine learning workloads, today announced it raised $12 million.
More: MrWeb and Globes Online

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About This Page

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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

Associated Press:
After a short-term hold, SCOTUS denies former Fox News reporter Catherine Herridge's bid to stay an $800-a-day fine if she refuses to reveal a source

Jessica Toonkel / Wall Street Journal:
A look at Comcast co-CEO Brian Roberts' earlier bundling strategy for connectivity and content, and his plan now to unbundle in order to keep growing

Janko Roettgers / The Verge:
A look back at BitTorrent, launched by Bram Cohen 25 years ago, and how media piracy fueled its growth while its architecture shielded it from legal liability

More News

Charles Fishman / The Atlantic:
How internet infrastructure, like that from AT&T, has managed to cope during the lockdown, as people stream media and work remotely
Andy Greenberg / Wired:
Security researchers say India's contact tracing app, mandated for many workers and downloaded over 90M times, could leak patient GPS data

Earlier Picks

Ashley Carman / The Verge:
Match says Tinder will launch in-app one-on-one video chats later this year, as growth falls during the pandemic, although most details are TBA
David Z. Morris / Fortune:
Google, Gates Foundation, and others form the Mojaloop Foundation, which will develop an open source digital payments platform for developing countries
Natasha Lomas / TechCrunch:
European Data Protection Board publishes updated guidelines arguing that scrolling and “cookie walls”, which block users from content, don't constitute consent
Matthew Panzarino / TechCrunch:
Interview with Apple SVP Craig Federighi about the iPadOS cursor, a significant change to the pointer paradigm, and the decisions Apple made to get there
Devindra Hardawar / Engadget:
Microsoft debuts 13.5-inch and 15-inch Surface Book 3 laptops with 10th-gen quad-core Intel CPUs, new NVIDIA GPUs, available May 21 from $1,600 and $2,300
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