Techmeme
December 3, 2020, 7:05 AM

Top News

Nikhilesh De / CoinDesk:
Three Democratic lawmakers introduce a bill that would require stablecoin issuers to obtain a banking charter, approval from the Federal Reserve and FDIC, more  —  A new U.S. Congressional bill would require stablecoin issuers to secure bank charters and secure regulatory approval prior to circulating any stablecoins.
Casey Newton / Platformer:
Slack's struggles to succeed as a standalone company mirror the fortunes of other one-time innovators in enterprise productivity who struggled with distribution  —  And why the era of worker-centered work tools may be over  —  Slack's life as an underdog darling of Silicon Valley ended on November 2, 2016.
Manish Singh / TechCrunch:
PhonePe is partially spinning off, reducing Flipkart's stake from 100% to 87%, and raises $700M led by Walmart at a post-money valuation of $5.5B  —  PhonePe, the crown jewel in Flipkart's acquisition by Walmart, is “partially” spinning off, the financial services firm said on Thursday.
Reuters:
Source: a group of more than 40 US states, led by New York, plans to file an antitrust suit against Facebook next week  —  WASHINGTON (Reuters) - A group of U.S. states led by New York is investigating Facebook Inc for possible antitrust violations and plans to file a lawsuit …
More: SlashGear
Chris Welch / The Verge:
Amazon adds webcam support to the 2nd-gen Fire TV Cube, enabling video calls with Alexa-enabled devices, rolling out in the coming weeks in US, UK, elsewhere  —  Call any Alexa-enabled device with a screen, including smartphones, Fire tablets, and the Echo Show
Zoe Schiffer / The Verge:
NLRB says in a complaint that Google violated US labor laws by spying on workers who organized staff protests before firing two of them in late 2019  —  Company policies violated labor law, according to the complaint  —  Google violated US labor laws by spying on workers …
Nick Statt / The Verge:
Alphabet transitions its navigation system for its fleet of Loon high-altitude balloons to one controlled by AI, a first for commercial aerospace systems  —  The company's new AI flight control system outperforms its human-made one  —  Alphabet's Loon, the team responsible for beaming internet …
Wall Street Journal:
Caitlin Dewey / OneZero :
How Americans are using Cash App and Venmo to practice direct giving to one another in a new way, as an alternative to giving through charitable institutions  —  In 2020, Venmoing total strangers in need became a radical act of support — and trust  —  aised in a six-bedroom mansion …
Michael del Castillo / Forbes:
Visa says it's connecting its global network of 60M merchants to the US Dollar Coin, a stablecoin created by Circle Internet Financial on ethereum's blockchain  —  Credit card giant Visa today announced it is connecting its global payments network of 60 million merchants to the U.S. Dollar Coin …
Anthony Ha / TechCrunch:
Google says News Showcase will soon add free access to select paywalled articles, and it has doubled publisher partners to ~400 since its launch in October  —  Google News Showcase visitors will soon be able to read select paywalled articles at no extra charge.
Lily Hay Newman / Wired:
A look at MANRS, a group of ~600 participants including Google, which aims to add safeguards to the Border Gateway Protocol, improving internet routing security  —  Efforts to secure the Border Gateway Protocol have picked up critical momentum, including a big assist from Google.
Byron Tau / Wall Street Journal:
DHS' IG says it's probing the department's practice of tracking people without a warrant by buying brokered cellphone data, after Democratic senators' request  —  Inspector general to investigate legality of tracking Americans without a warrant  —  WASHINGTON—The Department …
Mary Jo Foley / ZDNet:
Microsoft buys Smash.gg, a company that organizes esports tournaments, founded in 2015 by a team of amateur players and esports fans  —  Microsoft has purchased eSports platform vendor Smash.gg and is planning on integrating it with its MSN eSports franchise.
Suzanne Vranica / Wall Street Journal:
GroupM expects marketers to spend $110.1B on digital ads in the US this year, accounting for more than half of the year's total ad spend for the first time  —  Digital ads to account for more than half of year's U.S. advertising expenditures for first time  —  For the first time …
Sean Hollister / The Verge:
Researcher details a zero-click iOS device exploit using Apple's AWDL protocol, now patched, which could have granted access to device hardware and data  —  A Google Project Zero researcher found a stunning vulnerability  —  Ever watch that movie, or play that video game …

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More News

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Earlier Picks

Ingrid Lunden / TechCrunch:
Ashley Carman / The Verge:
Mike Wuerthele / AppleInsider:
Michelle Gao / CNBC:
Sarah Perez / TechCrunch:
Tony Romm / Washington Post: