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October 12, 2020, 7:25 PM
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Sarah Frier / Bloomberg:
Facebook says its new policy that bans the denial or distortion of the Holocaust does not apply to other genocides, such as the Armenian or Rwandan genocides  —  Facebook Inc. will ban posts that deny the Holocaust in a reversal of a long-held and controversial policy.
Associated Press:
Facebook will now ban posts that deny or distort the Holocaust; Zuckerberg says his “thinking has evolved” as data shows an increase in anti-Semitic violence  —  Facebook is banning posts that deny or distort the Holocaust and will start directing people to authoritative sources …
More: The Verge, CNBC, Wall Street Journal, Axios, TechCrunch, CNN, Ars Technica, TIME, CNN, Yahoo Finance, CTech, The Register, The Independent, New York Times, Anti-Defamation League, PCMag, New York Post, UPI, ConsumerAffairs.com, CBS News, Sky News, UNILAD, JNS.org, The Daily Caller, International Business …, yadvashem.org, Sputnik News, Futurism, Anadolu Ajansı …, theepochtimes.com, HistoryNet, Wonkette, NPR, Voice of America, Engadget, In a reversal …, MakeUseOf, Social Media Today, The Daily Dot, Washington Post, VICE, iMore, Neowin, International Business Times, Adweek, BBC, Reuters, TheStreet, and Newser
Tweets: @oliverdarcy, @jgreenblattadl, @oneunderscore__, @kurtwagner8, @karaswisher, @rmac18, @oliviasolon, @waxpancake, @hshaban, @kevinroose, @ekp, @marietjeschaake, @shannonfreshour, @jlc_uk, @matthew_feldman, @jyarow, @althomelandsec, @caseynewton, @sarahfrier, @laurenpeikoff, @cotlerwunsh, @brooklynmarie, @jasonabbruzzese, @brianwhelanhack, @joffaloff, @juddlegum, @erickfernandez, @hannahgais, @slpng_giants, @alexhern, @w7voa, @mcmillen, @brooklynmarie, @campuscodi, @janoschdelcker, @honestreporting, @kantrowitz, @joesudbay, @alongsidewild, @ambdana, @armandondk, @slpng_giants, @adrianweckler, @amyspitalnick, @alexhern, @auschwitzmuseum, @amy_siskind, @ericajoy, @pinboard, @sachabaroncohen, @brianbeutler, @kevinroose, @pranavdixit, @jacobwolf, @cwarzel, @s_m_i, @jakedavewebster, @eladratson, @ejdickson, @hshaban, @chrisinsilico, @emilygorcenski, and @stevekovach
Andrew Marantz / New Yorker:
Facebook's ineffective content moderation efforts, unevenly enforced and handled by low-paid moderators, show it can't and doesn't have the will to fix itself
Davey Alba / New York Times:
Study: Facebook likes, comments, and shares from outlets that routinely publish misinformation roughly tripled from Q3 2016 to Q3 2020 to 1.8B interactions
Brian Krebs / Krebs on Security:
Despite a broad effort to disrupt TrickBot, including legal action by Microsoft, some command and control servers of the botnet still appear to be online  —  Microsoft Corp. has executed a coordinated legal sneak attack in a bid to disrupt the malware-as-a-service botnet Trickbot …
Catalin Cimpanu / ZDNet:
Microsoft, Symantec, ESET, and other tech companies orchestrated an attempt to take down the TrickBot malware botnet, which had infected 1M+ computers  —  FS-ISAC, ESET, Lumen's Black Lotus Labs, NTT, Symantec, and the Microsoft Defender team participated in the takedown.
Josh Dzieza / The Verge:
Foxconn, which touted its partnership with Wisconsin to build an LCD plant there, is denied WI tax subsidies after it failed to meet hiring benchmarks in 2019  —  Foxconn isn't building what it promised and failed to hire enough people  —  Through the many twists and turns …
Ingrid Lunden / TechCrunch:
Twilio confirms it is buying customer data infrastructure company Segment for $3.2B in an all-stock deal, expected to close in Q4 2020  —  Twilio today announced its biggest acquisition to date, spearheading a strong move into customer data management alongside its existing API-based tools …
Theodore Schleifer / Vox:
Mark Zuckerberg and Priscilla Chan are pushing for a reform to CA tax law that would use property taxes to fund education, spending almost $11M on the effort  —  Priscilla Chan and Mark Zuckerberg are making the biggest electoral bet of their careers to date.  Courtesy of The Chan Zuckerberg Initiative
Dan Seifert / The Verge:
Google's Nest unveils a thermostat with a simpler design, ditching the rotating dial, available to pre-order today for $130, a $40 discount on Nest Thermostat E  —  The new Nest Thermostat ditches the signature rotating dial  —  Google's Nest smart home division has a new smart thermostat available to order starting today.
Dan Primack / Axios:
SoftBank says it's planning to launch a SPAC in upcoming weeks; source: its purpose is not to acquire an existing SoftBank portfolio company  —  SoftBank is planning to launch a blank check acquisition company in the upcoming weeks, according to comments made today at the Milken Virtual Conference …

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From Mediagazer

Salon:
Salon, launched in 1995 to cover politics, culture, and more, says it is closing: “business realities of independent digital journalism have changed profoundly”

Matthew Keys / TheDesk.net:
Nexstar reports Q3 net income up 285% YoY to $250M and net revenue up 78% YoY to $2.1B, as Q3 political ads brought in $317M; results include Tegna numbers

Gene Maddaus / Variety:
How Democrats' midterm wins may affect Hollywood and media: uncertainty over federal tax incentive bill, greater FCC oversight, restoring CPB funding, and more

More News

Axios:
CrowdTangle: unlike Facebook, liberal messaging flourishes on Instagram, with recent posts on climate change getting 20.3M interactions vs. 6.9M on Facebook
Javier Espinoza / Financial Times:
Sources: EU is making a “hit list” of up to 20 large internet companies, likely to include Facebook and Apple, subject to tougher rules to curb market power
Will Oremus / OneZero:
A look at possible antitrust action against Big Tech following the release of reports from both Democrats and Republicans last week

Earlier Picks

South China Morning Post:
Shenzhen is giving local residents 10M yuan (~$1.47M) worth of China's new sovereign digital currency through a lottery, to test and promote the digital yuan
Catalin Cimpanu / ZDNet:
Five Eyes governments as well as India and Japan make a new call for backdoors into products that are end-to-end encrypted
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