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October 8, 2020, 12:45 PM
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| Yogita Khatri / The Block: |
Square purchases $50M worth of bitcoin, becoming the second publicly listed company after MicroStrategy to invest in the cryptocurrency — Revolut, the London-based fintech firm, has enlisted crypto security firm Fireblocks to lay the foundations for new crypto products.| Elizabeth Dwoskin / Washington Post: |
Facebook says it will temporarily suspend political ads after US polls close on Nov. 3 and will remove calls for poll watching that use “militarized” language — The move is intended to limit confusion and misinformation on the platform, the social media company says
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New York Times, About Facebook, Axios, Common Dreams, The Verge, Politico, KnowTechie, MediaNama, Silicon Republic, Reuters, Tech Xplore, SlashGear, Social Media Today, Input, CNBC, Fox News, and Mashable
Tweets: @mikeisaac, @juddlegum, @cwarzel, @ewarren, @yashar, @public_citizen, @mikeisaac, @krishgm, @rcalo, @yashar, @dylanmatt, @sruhle, @marwilliamson, @sarafischer, @vanitaguptacr, @guyro, @rob_flaherty, @cwarzel, @just_jenna, @davidmackau, @oneunderscore__, @dellcam, @bjrich_, @scottnover, @mosseri, @jonnysun, @andrewfeinberg, @williamlegate, @alexkotch, @amywilson, @blackamazon, @sarafischer, @slpng_giants, @dianeravitch, @murphymiranda, @lukeoneil47, @kantrowitz, @jeffcannata, @rezaaslan, and @slpng_giants
| David Gilbert / VICE: |
An ISP took down the website for the group calling itself The Real Facebook Oversight Board after Facebook complained that the site was involved in “phishing” — “Nothing says ‘free speech’ quite as much as a multi-billion dollar corporation with a global monopoly getting its critics shut down."| Scott Chipolina / Decrypt: |
The CEO of BitMEX and its leadership team have stepped down after DOJ and CFTC charged BitMEX with allegedly operating an unregistered trading platform — The CEO of Bitcoin derivatives exchange BitMEX and its leadership team have stepped down over allegations that the firm was operating illegally …
More:
BitMEX Blog, Cointelegraph, CoinGeek, CoinDesk, The Block, and BTC Times
| Sherisse Pham / CNN: |
Samsung says it expects to make an operating profit of $10.6B in the July-September quarter, up 58% YoY, and sales of $7B, up 6% in its earnings guidance — Hong Kong (CNN Business)Samsung (SSNLF) predicts its profit jumped nearly 60% last quarter, suggesting it could soon retake its position …
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Samsung Global Newsroom, SamMobile, Reuters, CNBC, Thurrott, Engadget, The Korea Times, The Verge, Bloomberg, Coinspeaker, ZDNet, Financial Times, Wall Street Journal, CNET, Nikkei Asian Review, and Bloomberg
Tweets: @digitallybones and @cnni
| Nikkei Asia: |
Inside the US campaign to cut China out of supply chains, which already pressured companies like Apple to look at moving 15% to 30% of output out of the country — Apple, Google and others shift production to prepare for ‘decoupled’ global market — It was a hot summer morning in Taipei …
More:
9to5Mac, MacDailyNews, and Cult of Mac
Tweets: @nikkeiasia, @nikkeiasia, @nils_gilman, @giorgiomomurder, and @cnasdc
| Frederic Lardinois / TechCrunch: |
Microsoft updates Edge with a price comparison feature, new screenshot tool for capturing web content, improved PDF support, and more — With its Edge browser now stable, Microsoft's current focus for its Chromium-based browser is to build features that differentiate it from the competition.
More:
Windows Experience Blog, ZDNet, VentureBeat, Windows Central, and The Verge
| Ina Fried / Axios: |
Microsoft adopts 10 “principles” for its app store, including letting developers choose a payment system for IAPs, that it says should be a model for others — In a not-so-subtle dig at Apple and Google, Microsoft today announced a series of “principles” for its Windows 10 App Store …
More:
Microsoft on the Issues, Gizmodo, New York Times, The Verge, CNET, Washington Post, Variety, MSPoweruser, and Slashdot
| Kartikay Mehrotra / Bloomberg: |
US seizes 92 websites it said were used by Iran to spread disinformation, including four domains disguised as genuine news outlets based in the US — - Four of the domains were fake news sites targeting Americans — The U.S. Justice Department seized 92 websites it said were used …
More:
U.S. Department of Justice, CyberScoop, ZDNet, The Hill, and SecurityWeek
Tweets: @eiaine, @hanifjazayeri, @mollymckew, @benimmo, @missmaga2016, and @ohadmz
| TechCrunch: |
Instacart raises $200M led by D1 Capital and Valiant Peregrine Fund, at a post-money valuation of $17.7B, following a $100M raise in July and $225M in June 2020 — Instacart announced today that it has raised $200 million in a new funding round featuring prior investors.| Cecilia D'Anastasio / Wired: |
Interviews with former Amazon Game Studios employees suggest Amazon's efforts to develop games have been unsuccessful due to hubris, fueled by success elsewhere — After brute-forcing its way to dominance in so many industries, the tech leviathan may finally have met its match.
Tweets: @cecianasta, @gadgetlab, @matpiscatella, and @paultassi
| Sarah Perez / TechCrunch: |
App Annie: users downloaded 33B new apps, spent $28B in apps in Q3, up 20% YoY, and spent 180B+ hours in apps every month of July, Aug., and Sep., up 25% YoY — Mobile usage continues to remain high amidst the COVID-19 pandemic, which has prompted social distancing measures and lockdown policies …
More:
MacRumors, AppleInsider, App Annie, iMore, 9to5Mac, 9to5Google, TechSpot, and iPhone in Canada Blog. Tweets: @appleinsider
| Paul Sawers / VentureBeat: |
Lime launches a new mobility-as-a-service platform that allows third-party transport providers to offer their vehicles directly inside the Lime app — Electric mobility company Lime is launching a new mobility-as-a-service (MaaS) platform for third-party transport providers to offer their vehicles directly inside the Lime app.
More:
The Verge, TechCrunch, Electrek, and Engadget
| Chaim Gartenberg / The Verge: |
AMD announces Zen 3 Ryzen 5000 CPUs for desktops, the first chips from AMD with its next-gen Zen 3 architecture, available on November 5, starting at $299 — Available on November 5th, starting at $299 — AMD just announced its new lineup of Ryzen 5000 series processors for desktops … | Larry Dignan / ZDNet: |
IBM announces that it plans to spin off its managed infrastructure services unit, with $19B in sales and 90K staff, to help it focus on hybrid cloud apps — IBM will become a company that gets more than half of its sales from recurring revenue instead of services.
More:
Wall Street Journal, TechCrunch, PR Newswire, Bloomberg, Reuters, and TechCrunch
Tweets: @techjournalist and @ingridlunden
| Steve O'Hear / TechCrunch: |
MessageBird, which enables SMBs to communicate with customers on various messaging channels, from WhatsApp to voice, raises $200M Series C led by Spark Capital — MessageBird, the Amsterdam-headquartered cloud communications company, has raised $200 million in Series C funding in a round led by Silicon Valley's Spark Capital.| Christine Hall / Crunchbase News: |
Bloom Credit, which offers an API for businesses to integrate with all three major US credit bureaus, raises $13M Series A — Bloom Credit is helping fintech and other businesses that want to provide credit products, such as lending, personal finance or credit monitoring, work with the country's three credit bureaus.
More:
FinSMEs, FinLedger, PYMNTS.com, and PR Newswire
| Gordon Corera / BBC: |
A UK parliamentary inquiry concludes clear evidence of collusion between Huawei and the CPC apparatus exists; Huawei says report is built on opinions not facts — There is “clear evidence of collusion” between Huawei and the “Chinese Communist Party apparatus”, a parliamentary inquiry has concluded.| Taylor Lorenz / New York Times: |
Triller, a TikTok competitor that sees being American as its greatest asset, is tempting TikTok stars with cash, fancy cars, creator mansions, and more — TikTok's top creators are taking “Triller money” to bring their content over to the app. — When talk of a possible TikTok ban began in July …
More:
Business Insider. Tweets: @taylorlorenz, @jathansadowski, @mattnavarra, @greg_domino, @rachelolding, @linzasaur, @gariamray, and @ljin18
| Hanna Ziady / CNN: |
Web Summit, Europe's largest technology conference with 70,000+ attendees last year, will be held entirely online this year in December — London (CNN Business)Europe's largest technology conference will be held entirely online this year, as the coronavirus pandemic forces scores of major events to go digital.
More:
The Irish Times and Reuters
Tweets: @paddycosgrave, @yvonneredmond, @websummit, and @ryan_browne_
| Tucker Higgins / CNBC: |
A look at the scrutiny Google and Oracle faced from Supreme Court justices during the companies' arguments Wednesday, where no clear winner emerged — - Things got technical at the Supreme Court as the justices heard arguments from Google and Oracle in a blockbuster copyright dispute that has captivated Silicon Valley for a decade.
More:
Ars Technica, New York Times, CNN, Protocol, Axios, TGDaily, NPR, SiliconANGLE, Yahoo Finance, Reuters, Politico, and WRAL TechWire
Tweets: @richinseattle and @robpegoraro
| Steve Kovach / CNBC: |
Following the House's antitrust report, an overview of how Democrats and Republicans view regulation and the common ground between them, like more FTC funding — - The House Subcommittee on Antirust released its report on Apple, Amazon, Facebook and Google, building a case for why each company has monopoly power.
More:
TechCrunch, New York Times, Cmte Judiciary (D) …, TechSpot, Platformer, VICE, The Mac Observer, and MacRumors
Tweets: @colorofchange and @benedictevans
| Ben Thompson / Stratechery: |
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