Techmeme
November 3, 2020, 3:00 PM

Top News

New York Times:
Ant Group says its IPO has been suspended in both Shanghai and Hong Kong, after regulators summoned Jack Ma and other executives of the company  —  The Shanghai Stock Exchange postponed the offering one day after regulators summoned Jack Ma and other executives of the financial technology giant.
BuzzFeed News:
Internal Facebook survey shows only 51% believe Facebook was having a positive impact in the world, down 23% from May and down 5.5% from last year  —  Less than 24 hours before a historic US presidential election day, Nick Clegg, Facebook's vice president of global affairs and communications …
New York Times:
Natalie Gagliordi / ZDNet:
PayPal reports Q3 revenue of $5.46B, up 25% YoY, as it adds 15.2M net new active accounts; Venmo's total processed payment volume rises 61% YoY to $44B  —  PayPal said it processed a record-setting $247 billion in total payment volume during the quarter.  —  PayPal on Monday delivered …
Sarah Perez / TechCrunch:
PayPal CEO says that, by end of H1 2021 starting in US, users will be able to pay with cryptocurrency at 28M PayPal merchants without any new “incremental fees”  —  PayPal this week laid out its vision for the future of its digital wallet platform and its PayPal and Venmo apps.
Danny Nelson / CoinDesk:
SEC increases the limit dictating how much capital companies can raise before registering, a move that could result in a boon for security token offerings  —  The U.S. Securities and Exchange Commission (SEC) has increased limits dictating how much capital companies can raise before registering …
Omkar Godbole / CoinDesk:
Glassnode: Ethereum users paid $57.5M in transaction fees in October, down from September's record of $166.4M, amid a drop in the volume of DeFi transactions  —  Miners' income from processing transactions on the Ethereum blockchain more than halved in October as the mania for decentralized finance (DeFi) cooled.
More: Decrypt
Jemima Kelly / Financial Times:
Monzo and Revolut, which have struggled during the pandemic, have faced a barrage of complaints in recent months from customers who've had their accounts frozen  —  There comes a time in your life that you realise that some of the friends you used to consider good friends aren't actually your true friends.
Juli Clover / MacRumors:
Apple announces November 10 event where Apple Silicon Macs are expected to debut; invites are titled “One more thing.”  —  Apple today announced a third fall 2020 event, which is set to be held on Tuesday, November 10 at 10:00 a.m. on the Apple Park campus in Cupertino, California.
Bloomberg:

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Earlier Picks

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Sky News:
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