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November 3, 2020, 2:35 PM
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| 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.
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| 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 …
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| 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 …
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| 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.| Bloomberg: |
Sources: Indonesian online marketplace Bukalapak raises $100M from Microsoft and others at a $2.5B-$3B valuation; Microsoft says it has partnered with Bukalapak — - Existing backers GIC and Emtek Group are also joining funding — Microsoft says in a statement it'll make strategic investment
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| Ashley Carman / The Verge: |
Snapchat now lets creators display their subscriber counts, the first time Snapchat has given users any public-facing metric of their audience or followers — Great for brand deals — Snapchat is now allowing creators to publicize how many subscribers they have.| Jack Nicas / New York Times: |
Study: YouTube's recent efforts to reduce recommendations of misinfo from fringe channels worked; Fox News is now the most recommended for news, election videos — To battle false information, YouTube cut its recommendations to fringe channels and instead promoted major networks, especially Fox News.
Tweets: @jacknicas, @caseynewton, and @jacknicas
| New York Times: |
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| Washington Post: |
Court docs reveal that a previously undisclosed facial recognition system called NCRFRILS was used to identify a Lafayette Square protester accused of assault — A line of U.S. Park Police officers pushed protesters back from Lafayette Square on June 1, firing pepper balls … | Meredith Whittaker / The Boston Globe: |
People who are most affected by AI decision-making should be allowed to play a central role in shaping conversations about algorithmic governance and regulation — The people who bear the risks of algorithmic systems should get to determine whether — and how — they're used.
Tweets: @johnkoetsier, @maria_axente, and @fabiochiusi
| 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
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| Juli Clover / MacRumors: |
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| 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 …
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U.S. Securities …, Decrypt, coinspeaker.com, Wall Street Journal, Crypto Briefing, and Crunchbase News
Tweets: @aarondayatlas, @jacksonwoodhq, @brucefenton, and @el33th4xor
| 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
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| 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.Sponsor Posts
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