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Techmeme
March 5, 2021, 6:00 PM
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Top News

Cecilia Kang / New York Times:
Tim Wu, an outspoken critic of Big Tech, is joining the National Economic Council as a special assistant to President Biden for tech and competition policy  —  Tim Wu's appointment to the National Economic Council would signal a confrontational approach by the Biden administration.
Adam Klasfeld / Law & Crime:
US indicts John McAfee for fraud and money laundering over an alleged $13M cryptocurrency “pump-and-dump” scheme  —  Antivirus software mogul John McAfee, who has been awaiting extradition from Spain on tax evasion charges since late last year, just had his legal woes compounded …
Brian Krebs / Krebs on Security:
Sources: at least 30K US organizations have been hacked by an aggressive Chinese espionage group exploiting unpatched flaws in Microsoft's Exchange Server  —  At least 30,000 organizations across the United States — including a significant number of small businesses, towns …
Wall Street Journal:
Sources: India threatened to jail Facebook, WhatsApp, and Twitter employees if the companies don't comply with takedown requests related to farmer protests  —  Country flexes new powers over big platforms while companies are counting on world's second-largest population for growth
Jon Porter / The Verge:
Leaked interface shows that Twitter's “undo send” feature may be a button that also doubles as a progress bar showing how much time a user has to undo  —  A work-in-progress interface has been unearthed  —  A potential animation for Twitter's long-rumored “undo send” …
New York Times:
Research: low-wage workers at businesses in the areas where Amazon operates have seen significant wage growth since the company raised minimum pay to $15/hour  —  New research suggests that when big companies increase wages, they drive up pay in the places where they operate — without a notable loss in jobs.
Sujeong Lim / Counterpoint Research:
Global smartwatch shipments rose 1.5% YoY in 2020, with Apple Watch shipments up 19% YoY, Huawei's up 26% YoY, and Fitbit shipments down 4% YoY  —  - In Q4 2020, the shipments decreased slightly YoY due to a fresh wave of COVID-19.  — However, Apple managed to expand its market share and remains firmly at the forefront.
Katherine Rosman / New York Times:
Square acquires a majority stake in Jay-Z's streaming service Tidal for $297M; Jay-Z will join Square's board
Robert Hackett / Fortune:
Eco, a personal finance app that offers yields of 2.5% to 5% and cash-backs for shopping at Amazon, Uber, and Doordash, raises $26M led by a16z crypto  —  Our mission to make business better is fueled by readers like you.  To enjoy unlimited access to our journalism, subscribe today.
Mike Isaac / New York Times:
Reddit hires Drew Vollero as its first chief financial officer to prepare the company for an eventual IPO  —  The addition of Drew Vollero, formerly of Mattel and Snap, is a move toward developing operations more like publicly traded social networks.  —  SAN FRANCISCO — The world's …
Bennett Cyphers / Electronic Frontier Foundation:
Google's FLoC, which helps advertisers perform behavioral targeting, avoids privacy risks of 3rd-party cookies, but creates new privacy issues in the process  —  The third-party cookie is dying, and Google is trying to create its replacement.  —  No one should mourn the death of the cookie as we know it.
Wall Street Journal:
Sources: digital imaging company Shutterfly has held talks to go public via SPAC at a valuation between $4B-$5B, including debt  —  Discussions come less than two years after Apollo took the online-photo-book company private  —  Shutterfly Inc. is in talks to go public through a merger …
Ashley Carman / The Verge:
Screenshots of a beta version of Fireside, Mark Cuban's podcasting app, suggest it will be a hybrid between Spotify's Anchor and Clubhouse  —  The app is in beta on iOS  —  Last month, The Verge broke news of Mark Cuban and Falon Fatemi's new app Fireside, which promises to deliver a …
Bloomberg:
UK antitrust authorities say they plan to investigate Apple's App Store to probe whether it is abusing its market power to restrict competition  —  - CMA taking into account Apple's ‘dominant’ position in apps  — Apple probe prompted by complaints from some developers
Javier Espinoza / Financial Times:
Sources: EU is set to press antitrust charges against Apple over App Store rules for competing music streaming services, following a complaint by Spotify

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 6:00 PM ET, March 5, 2021.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Laurel Rosenhall / New York Times:
California AG cancels a meeting with Paramount, accusing the company of acting in bad faith by leaking and misrepresenting earlier settlement discussions

Benjamin Mullin / New York Times:
An arbitrator orders the Washington Post to reinstate Karen Attiah, who was fired for “gross misconduct” last year over posts made after Charlie Kirk's shooting

Benjamin Mullin / New York Times:
Shook Research founder says he paid ex-Forbes editor Randall Lane $6M for “services and guidance” in partnering with Forbes and helping him sell the firm

More News

Varun Mishra / Counterpoint Research:
Oppo becomes the top smartphone brand in China, reaching a market share of 21% in January, followed by Vivo at 20% and Huawei, Apple, and Xiaomi at 16% each
Makena Kelly / The Verge:
In a letter, a bipartisan group of senators call on FCC to change their definition of high speed broadband to above 100/100 Mbps, up from the current 25/3 Mbps
Taylor Lorenz / New York Times:
As Clubhouse grows in popularity, companies like the just-launched Audio Collective seek to cater to creators, offering event planning and brand consulting

Earlier Picks

Saqib Shah / Engadget:
Qualcomm announces Snapdragon Sound, an initiative to enhance the wireless sound experience by lowering latency and improving connection issues
Tom Warren / The Verge:
Microsoft rolls out new features for Edge, including vertical tabs and a feature that it says can improve startup times by 29% to 41% after a device reboots
Brian Krebs / Krebs on Security:
In the past month, three of the longest-running Russian cybercrime forums have been hacked, leaking their users' email addresses, login metadata, and more
Frederic Lardinois / TechCrunch:
Google says it is speeding up the Chrome release cycle and will ship a new milestone every four weeks instead of the current six weeks
Jasper Jolly / The Guardian:
Deliveroo chooses London as the venue for its planned $7B stock market listing after the government made rule changes allowing founders to keep more control
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