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May 17, 2020, 12:05 PM
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WeSmirchTop News
| 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, Reuters, Bloomberg, Livemint, India TV, Entrackr, and Moneycontrol
Tweets: @generalatlantic, @yourstoryco, and @mdudas
| Steven Musil / CNET: |
Zoom is investigating performance and connectivity issues affecting many users in the US and UK — Users report being unable to host or join videoconference calls. — Some Zoom users early Sunday reported performance issues with the videoconferencing app that prevented them from joining …
More:
9to5Google, The Verge, The Independent, Daily Express, Mirror.co.uk, Dailystar.co.uk, The National, and Tom's Guide
Tweets: @zoom_us, @zoom_us, @verge, @investorslive, @nmsonline, and @scottagunn
| 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:
CNET and New York Times
| 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 — Homebound consumers are flocking to the site for scones, biscuits, breads, muffins, doughnuts and...alkaline tahini spelt cookies.
More:
Seeking Alpha. Tweets: @senatorshoshana, @profjeffjarviss, @stephanierieger, @sarthakgh, @mims, @mims, and @mims
| 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.”
Tweets: @a16z, @counternotions, @mdudas, @sassal0x, @katie_haun, @kimbatronic, and @brian_armstrong
| 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” — - U.S. President scolds Facebook, Google, Twitter in a tweet — Trump says he is ‘working to remedy this illegal situation’
More:
Seeking Alpha. Tweets: @realdonaldtrump, @dickc, @billkristol, @agent_of_change, @secupp, @petehegseth, @prisonplanet, @colinflaherty, @drpaulgosar, @georgetakei, @caslernoel, and @mdudas
| Nir Kshetri / The Conversation: |
While only 1% of female internet security workers are in senior management positions, these underrepresented perspectives are critical in addressing cyber risks — Women are highly underrepresented in the field of cybersecurity. In 2017, women's share in the U.S. cybersecurity field was 14%, compared to 48% in the general workforce.| 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:
Security Affairs, Cado Security, Slashdot, and Dark Reading
Tweets: @paulsparrows, @littllemel, and @teriradichel
| 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 — Ubisoft Entertainment SA sued Apple Inc. and Google LLC, accusing the companies of selling a ripoff of its popular video game “Tom Clancy's Rainbow Six: Siege.”
More:
Rock, Paper, Shotgun, Engadget, MacRumors, Game Rant, Kotaku, GameSpot, AppleInsider, 9to5Mac, Dot Esports, and Android Central. Tweets: @chrisonmobile
| 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 — Another week brings another clear sign that CIOs are making deep budget cuts in response to the COVID-19 pandemic.| Aditi Shrivastava / The Economic Times: |
Internal email: Indian food delivery startup Zomato to layoff 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 … | Mary Ann Azevedo / Crunchbase News: |
Homeward, a web-based service that helps homeowners buy a new home before listing their existing home for sale, raises $20M in equity and secures $85M in debt — Homeward, an Austin-based real estate startup that aims to help people buy homes faster, announced this morning that it has secured $105 million in funding.Sponsor Posts
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