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May 18, 2020, 7:40 AM
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| 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
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Apple, 9to5Mac, AppleInsider, Philip Elmer‑DeWitt, MacRumors, The Verge, Mashable, Digital Trends, CNBC, CNET, Reuters, Engadget, MSPoweruser, Neowin, TechCrunch, iPhone in Canada Blog, BGR, iPhone Hacks, Seeking Alpha, and Slashdot
Tweets: @ianmaude, @markgurman, @howardlindzon, @peterhimler, @caro_milanesi, @michaelsteeber, @reneritchie, @gte, and @reneritchie
| Bloomberg: |
Chinese state-backed funds invest $2.25B in chip factory of local company Semiconductor Manufacturing International, amid US move to limit chips sold to Huawei — - State-backed funds invest in Semiconductor Manufacturing plant — China is aiming to increase monthly capacity by 5 times| 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 …
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Associated Press, South China Morning Post, Nikkei Asian Review, Nikkei Asian Review, Reuters, Reuters, and Seeking Alpha
Tweets: @vusithembekwayo, @willjordan, @tculpan, @tculpan, and @glcarlstrom
| Sam Nussey / Reuters: |
Alibaba's Jack Ma resigns from SoftBank board, as he pulls back from formal business roles to focus on philanthropy; SoftBank to propose three new appointments — TOKYO (Reuters) - SoftBank Group Corp said on Monday that Alibaba co-founder Jack Ma will resign from its board …
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ZDNet, TechCrunch, Protocol, PYMNTS.com, Wall Street Journal, New York Times, Nikkei Asian Review, Financial Times, and Seeking Alpha. Tweets: @hangzhoufeel
| 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.
More:
Fortune. Tweets: @elimeixler, @matt_levine, @neerajka, @kitcolbert, @tomgara, @donutshorts, @faismasud, @_superbrat_, and @mattstark5
| 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 …
More:
New York Times, Ubergizmo, CNET, The Verge, Engadget, PYMNTS.com, and Decrypt
Tweets: @briankrebs, @trengriffin, @kimkalunian, @donie, @rezendi, @negativeneil, @adamhdomby, @asktoconsider, @jckichen, @patriciamazzei, @bobbensonbill, @every6thday, @sustainkohala, @kimmasters, @baxter_eh, @carolynmcc, @osterman, @asktoconsider, @benbwieder, @nytimes, @jgibbons1974, and @kbaugh12
| 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.
More:
Engadget, atdotde, Cado Security, SecurityWeek, SiliconANGLE, InsideBitcoins.com, Cointelegraph, BleepingComputer, NullTX, Security Affairs, and Slashdot
Tweets: @littllemel, @teriradichel, and @paulsparrows
| Hagop Kavafian / Android Police: |
Google Meet, which became free to use at the end of April, passes 50M installs on the Play Store, after passing 5M at the beginning of March — Due to the coronavirus pandemic, most people are stuck at home and looking for ways to keep in touch with each other.| 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.
More:
The Verge, SlashGear, Digital Trends, MacRumors, Daring Fireball, Softpedia News, Engadget, AppleInsider, and iPhone in Canada Blog
Tweets: @_am1t, @davidbyttow, @cabel, @cabel, @peteskomoroch, @zackwhittaker, and @chancehmiller
| 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 …
More:
The Swiggy blog, The Economic Times, Ventureburn, and TechCrunch
Tweets: @madhavchanchani, @chandrarsrikant, and @ettech
| 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 …
More:
The Next Web, Bloomberg, Silicon Republic, SiliconANGLE, Reuters, India TV, Entrackr, Moneycontrol, and Livemint
Tweets: @generalatlantic, @yourstoryco, @mdudas, @tanayj, and @kanchangupta
| 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.”
More:
The Block, Cointelegraph, and CryptoSlate
Tweets: @a16z, @counternotions, @mdudas, @kimbatronic, @sassal0x, @katie_haun, and @brian_armstrong
| Seth Schiesel / Protocol: |
Jason Rubin, Facebook VP for special gaming initiatives, on how Facebook thinks about gaming and how Oculus Quest can get AAA games like Call of Duty — In December, Facebook made one of its most intriguing acquisitions in years, spending a reported $78 million to buy PlayGiga, a Spanish company specializing in cloud gaming.Sponsor Posts
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