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Techmeme
May 18, 2020, 7:40 AM
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Top News

Bloomberg:
Apple says it's reopening 25 US stores this week plus 12 stores in Canada, adding to nearly 100 global locations that have reopened so far  —  - Company has 100 stores back in operation after virus closures  — Plans temperature checks and face coverings at every location
Pavel Alpeyev / Bloomberg:
SoftBank Vision Fund records $17.7B loss in the last fiscal year after writing down investments including WeWork and Uber, reports a net loss of $8.96B  —  SoftBank Group Corp. said its Vision Fund business lost 1.9 trillion yen ($17.7 billion) last fiscal year after writing down the value of investments …
Ranjan Roy / Margins:
How Doordash listing restaurants on its service without their permission can lead to inaccurate menus, unhappy customers, and even arbitrage opportunities  —  There is such a thing as a free lunch  —  If capitalism is driven by a search for profit, the food delivery business confuses the hell out of me.
Brian Krebs / Krebs on Security:
US Secret Service memo warns a crime ring is targeting state unemployment insurance programs to commit fraud by using data belonging to identity theft victims  —  A well-organized Nigerian crime ring is exploiting the COVID-19 crisis by committing large-scale fraud against multiple state …
Catalin Cimpanu / ZDNet:
Multiple supercomputers in some EU countries were hacked this week with crypto mining malware via compromised SSH credentials; evidence suggests a single actor  —  Confirmed infections have been reported in the UK, Germany, and Switzerland.  Another suspected infection was reported in Spain.
Chance Miller / 9to5Mac:
Edison Mail says it has “rolled back” an iOS app update that gave a “small percentage” of users full access to other users' email accounts  —  Edison Mail is one of the more popular third-party email applications for iPhone, iPad, and Mac, but an apparent bug in the service is raising major privacy concerns.
Aditi Shrivastava / The Economic Times:
Internal email: Indian food delivery startup Zomato to lay off 520 employees, or 13% of its workforce, and temporarily cut salaries of the rest  —  Employees being let go will receive half their salaries and health insurance for six months  —  Food delivery platform Zomato will layoff 520 employees …
Manish Singh / TechCrunch:
General Atlantic to invest $870M in Reliance Jio Platforms at a $65B valuation, joining Facebook, Silver Lake, and Vista Equity Partners among Jio investors  —  Mukesh Ambani's Jio Platforms has agreed to sell 1.34% stake to General Atlantic, the latest deal in a series of deals …
Andreessen Horowitz:
Analysis of ten years of cryptocurrency discussions and funding data shows repeated cycles of rising crypto activity followed by eventual “crypto winters”  —  People who've been in crypto for a long time view the space as evolving in cycles, alternating between periods of high activity and “crypto winters.”

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From Mediagazer

Benjamin Mullin / New York Times:
Arkansas PBS severs ties with the PBS network, the first state public TV system to do so since Congress cut CPB funds, citing the annual $2M+ membership cost

Sam Roberts / New York Times:
Arthur L. Carter, who started a Connecticut newspaper in 1981, bought and sold The Nation, and founded the New York Observer in 1987, has died at 93

Pamela McClintock / The Hollywood Reporter:
Disney's Zootopia 2 surpasses $1B at the global box office, the fastest PG-rated film to do so after just 17 days in release

More News

Christopher Mims / Wall Street Journal:
A look at the grassroots movement of professional home bakers that have found a home on Etsy, where they can continue to be productive under lockdown
Martin Giles / Forbes:
Gartner survey of IT leaders forecasts 8% YoY decline in global IT spending to $3.46T in 2020, vs. $3.76T in 2019, as budgets are slashed due to the pandemic

Earlier Picks

Daniel Zuidijk / Bloomberg:
Trump tweet accuses Facebook, Instagram, Twitter, and Google of control by the “Radical Left”, says his administration is working to remedy “illegal situation”
Edvard Pettersson / Bloomberg:
Ubisoft sues Apple and Google for selling Alibaba's Area F2 game, which it claims is a “near carbon copy” of Rainbow Six: Siege
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