Techmeme
April 7, 2021, 9:45 AM

Top News

Lily Hay Newman / Wired:
Facebook says the leaked 533M records are a different data set that attackers created by abusing a flaw in a Facebook contacts import feature, not by hacking  —  The company's explanations have been confusing and inconsistent, but there are finally some answers.
Politico:
Data of EU privacy chief Didier Reynders, Luxembourg PM Xavier Bettel, and dozens of EU officials found among Facebook's leaked data set of 533M records  —  Didier Reynders, Luxembourg PM Xavier Bettel among European leaders whose data was leaked online.  —  EU Justice Commissioner Didier Reynders …
Lauren Goode / Wired:
A first person narrative on the persistence of digital memories and how social media and photo apps that surface old photos make painful memories hard to forget  —  In 2019, I made a painful decision.  But to the algorithms that drive Facebook, Pinterest, and a million other apps, I'm forever getting married.
Annie Palmer / CNBC:
Jeff Bezos says Amazon supports a rise in the corporate tax rate and making bold investments in US infrastructure, but stops short of supporting Biden's plan  —  - Amazon CEO Jeff Bezos on Tuesday voiced support for raising the corporate tax rate but stopped short of saying he supports President Joe Biden's plan for the increase.
Jeff John Roberts / Decrypt:
Ahead of its April 14 direct listing, Coinbase reports a record quarter, with estimated profits of $730M-$800M in Q1 on revenue of ~$1.8B and 56M verified users  —  Coinbase announced its 2021 first quarter earnings on Tuesday, revealing that the crypto giant made a profit of between $730 million …
Maria Armental / Wall Street Journal:
Patreon raises $155M Series F led by Tiger Global Management at a $4B valuation, up from $1.2B in September, bringing its total raised to $411M  —  Online company raises $155 million in latest round, led by new investor Tiger Global Management  —  Patreon Inc., an online platform …
Andy Greenberg / Wired:
Signal says it has added support for privacy-focused cryptocurrency MobileCoin to let users send and receive money, starting in the UK on iOS and Android  —  The encrypted messaging app is integrating support for MobileCoin in a bid to keep up with the features offered by its more mainstream rivals.
David Meyer / Fortune:
Max Schrems' non-profit Noyb files a complaint with the French privacy watchdog, claims Google's Android Advertising Identifier violates EU's ePrivacy Directive  —  Our mission to make business better is fueled by readers like you.  To enjoy unlimited access to our journalism, subscribe today.
Katie Roof / Bloomberg:
Sources: Clubhouse is in talks to raise funding from investors in a round valuing the business at about $4B, following its reported valuation of ~$1B in January  —  Clubhouse, the buzzy audio-based social network, is in talks to raise funding from investors in a round valuing the business …
Parmy Olson / Wall Street Journal:
UK launches the Digital Markets Unit, a watchdog with limited powers, initially tasked with stopping big tech companies from exploiting market dominance  —  Digital Markets Unit to police how largest global technology firms wield their market power  —  LONDON—The U.K. launched …
Jacob Kastrenakes / The Verge:
YouTube says that 18 out of every 10K views in Q4 2020 were of videos that violate its policies, down from 72 out of every 10K views in Q4 2017  —  ‘Violative View Rate’ fell steeply after 2017  —  YouTube wants the world to know that it's doing a better job than ever of enforcing its own moderation rules.
Alnoor Peermohamed / The Economic Times:
API Holdings, the parent company of Indian online pharmacy Pharmeasy, raises $350M; sources say the deal gives Pharmeasy a post-money valuation of $1.5B  —  Bengaluru: Prosus Ventures and US-based private equity firm TPG Capital are leading an investment of $350 million (about Rs 2,570 crore) …
Alex Wilhelm / TechCrunch:
Plaid, which helps connect users' bank accounts with fintech apps, raises $425M Series D led by Altimeter Capital, sources say at a valuation of ~$13.4B  —  Plaid, a unicorn that helps connect consumers' bank accounts to financial applications, has raised a $425 million Series D, it announced this morning.
Amplifi Media:
Apple podcast data indicates that there are 2M podcasts, but of those, 26% only have one episode, 44% have three or fewer, and only 36% have 10+ episodes  —  Today's post breaks down the numbers of how many podcasts you're actually up against.  —  It seems everyone has a podcast.  Or do they?
Alexandra Bruell / Wall Street Journal:
eMarketer says that Amazon's share of the US digital ad market grew to 10.3% in 2020 from 7.8% in 2019 and estimates that revenue grew to $15.73B, up 52.5% YoY  —  Company chips away at market leader Google as its search ad business continues to grow  —  Amazon. com Inc.'s share …
Cameron Faulkner / The Verge:
Alienware announces M15 R5, starting at $2,230, with AMD Ryzen 5000 H-series CPUs, the first Alienware laptop since 2007 to use AMD processors  —  Expect big performance boosts  —  Alienware has announced the latest revision to its flagship gaming laptop lineup, the 15-inch Alienware M15 R5.

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