Techmeme
December 10, 2020, 3:15 PM

Top News

New York Times:
Legal experts say FTC and state AGs will find it challenging to prove their allegations against Facebook because the standards of proof are formidable  —  The U.S. and states cases against the social network are far from a slam dunk because the standards of proof are formidable.
Jennifer Newstead / About Facebook:
Facebook responds to the FTC and state AGs, saying the lawsuits they've brought forth are “revisionist history” and their antitrust case is unprecedented  —  Billions of people use Facebook's products every day.  To earn their time and attention, we compete fiercely against many other services across the world.
Federal Trade Commission:
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NY State Attorney General:
Lauren Feiner / CNBC:
Airbnb opens at $146, up from its $68 IPO price, on its first day of trading after raising $3.5B at a valuation of $47.3B  —  - Airbnb opened at $146 per share on its first day of trading on Thursday, more than doubling the $68 per share price set for its IPO the day before.
Reed Albergotti / Washington Post:
Natasha Lomas / TechCrunch:
Germany launches an antitrust probe into Facebook tying Oculus use to possession of a Facebook account  —  Facebook's bad week just got worse: It's being investigated in Germany for linking usage of its VR product, Oculus, to having a Facebook account.  —  The tech giant raised the hackles …
Catalin Cimpanu / ZDNet:
Adobe has released its final scheduled Flash Player update for all regions outside of mainland China and will block Flash content from January 12  —  Adobe releases final Flash update with stronger language asking users to uninstall the app before its EOL.  —  Adobe has released on Tuesday …
Mitchell Clark / The Verge:
Twitter says iOS users can now add tweets to Snapchat Snaps as stickers, and it will soon test sharing tweets to Instagram Stories  —  Twitter continues to take over all social networks  —  Twitter is making it even easier to spread your tweets far and wide to every social media platform imaginable.
Charlie Warzel / New York Times:
Biden staffers say their experiences in dealing with Facebook during the election left them concerned that the company is a threat to the electoral process  —  Inside the battle between Biden and Facebook.  —  Opinion Writer at Large  —  In the days after the election …
Ryan Browne / CNBC:
Google launches knowledge panels in search results to show accurate information about coronavirus vaccines, starting with the UK  —  - Google has launched new knowledge panels to show people accurate information about coronavirus vaccines.  — The feature is only available in the U.K …
Khari Johnson / VentureBeat:
Washington Post:
National Weather Service says it has an Internet bandwidth problem and proposes limiting users to 60 connections/minute, which could hurt weather apps and sites  —  Agency floats a solution to problems that could hobble private companies and affect popular weather apps.
Ginny Marvin / Search Engine Land:
Google says it will let users limit the alcohol and gambling ads they see, starting with YouTube in the US  —  The new feature will launch on YouTube in the U.S. first.  —  Google is adding new user controls for alcohol and gambling ads.  The new feature, announced Thursday …
Jordan Crook / TechCrunch:
UserLeap, which builds tools to give product managers more qualitative data, raises $16M Series A led by Accel  —  Product managers can only be successful if they can make effective use of both quantitative and qualitative data.  But mapping the former to the latter, and collecting high-quality data …
BuzzFeed News:
Facebook insiders say it is prioritizing revenue over user safety by its lax approach to stopping scammers, hackers, and disinfo peddlers from buying ads  —  Facebook is on track for record ad revenue this year.  That's partly due to its lax approach to stopping scammers, hackers …
Steve O'Hear / TechCrunch:
Cleo, creator of an AI-powered financial assistance app and chatbot, raises $44M Series B led by EQT Ventures  —  Cleo, the London founded “financial assistant” that takes the form of an app and chatbot and now counts the U.S. as its largest market, has raised $44 million in Series B funding.
D. M. Moore / Polygon:
AT&T has agreed to sell Japanese anime streaming service Crunchyroll to Sony's Funimation Global Group for $1.18B  —  The move consolidates the anime industry in a major way  —  On Wednesday, Sony Pictures Entertainment Inc. announced that AT&T and WarnerMedia agreed to sell Crunchyroll to Funimation.

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More News

Kaitlyn Tiffany / The Atlantic:
Natasha Lomas / TechCrunch:

Earlier Picks

Byron Tau / Wall Street Journal: