Techmeme
November 3, 2020, 2:35 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 …
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.
New York Times:
Bloomberg:
Sources: production has ramped up for new 13" and 16" MacBook Pros and a new 13" MacBook Air with Apple Silicon chips but without other major design changes  —  - Company readies MacBook Pros, MacBook Air with in-house chips  — Smaller Mac Pro and iMac with Apple chips also in development
Juli Clover / MacRumors:
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 …
Sarah Nassauer / Wall Street Journal:
Walmart ends plans to use Bossa Nova robots to scan shelves, sources say after concerns about shoppers' reactions and seeing similar results from human workers  —  Retailer ends contract with robotics company after seeing similar results from workers grabbing online orders during pandemic
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.

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Earlier Picks

Sky News:
Jon Porter / The Verge: