Techmeme: Sources: US officials are considering a Financial Stability Oversight Council review into whether Tether and other stablecoins threaten financial stability (Bloomberg)

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September 11, 2021, 4:05 PM

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New York Times:

Small developers say the Epic ruling could lead to a windfall but some researchers say it is unclear if consumers will actually use alternative payment methods — After a judge opened up a way to avoid Apple's commission on their sales, companies big and small are seeing dollar signs.

More: New York Times, iMore, and iTnews

Tweets: @kellen_browning, @elkmovie, @mohamedmansour, @sirrovers, @shafiahmed5, @reciraider, @atomkirk, @adamholisky, @berkeleylaw, @jacknicas, @danlesac, and @nytimestech

Russell Brandom / The Verge:

Court issues permanent injunction in Epic vs. Apple, ruling that Apple can't prohibit developers from linking to external purchase options in addition to IAP — A major win for Epic Games and Fortnite — Judge Yvonne Gonzalez-Rogers issued a permanent injunction in the Epic v. Apple case …

Source: United States District Court. More: MobileSyrup, The Verge, Wall Street Journal, Thurrott, Rock, Paper, Shotgun, The Information, HotHardware.com News, GSMArena.com, Ars Technica, Washington Post, MacRumors, Neowin, thegamer.com, Video Games Chronicle, Bloomberg, iMore, VentureBeat, International Business Times, Techdirt, BGR India, Pixel Envy, dexerto.com, phonearena.com, and iTnews

Tweets: @markgurman, @timsweeneyepic, @timsweeneyepic, @timsweeneyepic, @reckless, @shiraovide, @nickstatt, @backlon, @rjonesy, @reckless, @markgurman, @markgurman, @cat_zakrzewski, @reckless, @dhh, @reckless, @stephennellis, @stroughtonsmith, @thedextriarchy, @thedextriarchy, @bobbyallyn, @bobbyallyn, @rjonesy, @carnage4life, @thedextriarchy, @willoremus, @rjonesy, @samifathi_, @eringriffith, @rjonesy, @reckless, @eriqgardner, @gerritd, @andrewrsorkin, @tanayj, @davidcicilline, @alexstamos, @senblumenthal, @stroughtonsmith, @sdw, @rileytestut, @amyklobuchar, @panzer, @deitaone, @backlon, @willoremus, @dhh, @waltmossberg, @markgurman, @rmantri, @markgurman, @bzamayo, @backlon, @backlon, @backlon, @fightfortheftr, @shiraovide, @bzamayo, @repkenbuck, @shannon_liao, @shannon_liao, @backlon, @film_girl, @backlon, @markgurman, @reckless, @chockenberry, @shiraovide, @jannwolfe, @jessicalessin, @mgsiegler, @panzer, @benthompson, @reckless, @reckless, @russellholly, @patrickmcgee_, @joshavant, @patrickmcgee_, @levynews, @malcolmmoore, @dbreunig, @stroughtonsmith, @benbajarin, @verge, @jcenters, @rustybrick, @marcoarment, @shiraovide, @jonyiveparody, @benthompson, @arctictony, @carnage4life, @laurengoode, @gartenberg, @rsgnl, @alexstamos, @rjonesy, @mgsiegler, @shiraovide, @carnage4life, @stephentotilo, @neiltwitz, @tomgara, @kellen_browning, @stroughtonsmith, @willoremus, @pkafka, @eringriffith, @benbajarin, @tapbot_paul, @reneritchie, @ballmatthew, @willoremus, @imgoldenyt, @shiraovide, @caseynewton, @shiraovide, @caro_milanesi, @thedextriarchy, @thedextriarchy, @willoremus, @jacknicas, @caro_milanesi, @nickstatt, @mgsiegler, @msquinn, @panzer, @stroughtonsmith, @caseynewton, @markgurman, @panzer, @cnbctechcheck, @toadsanime, @s8mb, @willoremus, @rjonesy, @leah_nylen, @mgsiegler, @backlon, @leah_nylen, @eringriffith, @leah_nylen, @benbajarin, @benbajarin, @eringriffith, @backlon, @mgsiegler, @benthompson, @thedextriarchy, @timsweeneyepic, @leahcim_nyc, @kantrowitz, @thebradsmith, @willsmith, @danielhipskind_, @justinhendrix, @benedictevans, @mrmedina, @mattophobia, and @maxkriegervg

M.G. Siegler / 500ish:

Apple won the Epic battle but is too arrogant to see that it still has to make some major App Store changes to both appease the courts and please developers

More: Coinspeaker. Tweets: @ruanviljoen, @evdz, @johnwilson, and @ppk007

Jay Peters / The Verge:

Epic asks Apple to reinstate its Fortnite developer account in South Korea, after passage of a bill forcing app stores to allow alternative payment systems

More: Livemint. Tweets: @fortnitegame and @markgurman

Nilay Patel / The Verge:

A fair reading of the Epic vs. Apple injunction suggests that Apple needs to allow third-party payment methods in the app and not just links to ones on the web

More: FOSS Patents and Tech Xplore

Tweets: @jeiting, @gruber, @backlon, @gruber, @backlon, @reckless, @snazzyq, @bzamayo, @reckless, @reckless, @reckless, @robotodd, @gruber, @tomwarren, @jsnell, @reckless, @cgartenberg, @matthewstoller, @stroughtonsmith, @stroughtonsmith, @pkafka, and @reckless

Mark Gurman / Bloomberg:

Epic ruling is a win for Apple as it costs the company just a few billion annually and doesn't force Apple to change its fees or let 3rd-party app stores on iOS

More: The Verge, Wall Street Journal, and Bloomberg

Tweets: @skupor, @ezraklein, @markgurman, @markgurman, @rebeccaslatkin, @stevesi, @tha_rami, @rebeccaslatkin, @rebeccaslatkin, @paulg, @snazzyq, @tha_rami, @saraheneedleman, @thegoblinnn, @markgurman, @stephenwarwick9, @markgurman, @markgurman, and @benedictevans

Eric Slivka / MacRumors:

Apple warns that long-term exposure to vibrations, like those from high-power motorcycle engines, can degrade iPhone cameras by damaging their gyroscopes — Apple today published a new support document warning iPhone users that the cameras on their devices can be damaged by exposure …

Source: Apple Support. More: The Verge, Benzinga, AppleInsider, Redmond Pie, PetaPixel, HotHardware.com News, Neowin, Mashable, Engadget, PCMag, Pocketnow, 9to5Mac, Cult of Mac, Tom's Guide, SlashGear, TechSpot, iMore, Patently Apple, Livemint, iClarified, Wccftech, and iPhone Hacks

Tweets: @sdw, @halidecamera, and @refrshingapathy

Selina Cheng / Hong Kong Free Press:

Google says it handed over user data in response to three requests from Hong Kong in H2 2020, despite earlier saying that requests must be made through US DOJ — The US tech giant told HKFP it complied with a data request over a “credible threat to life” and two others involving human trafficking.

More: Engadget and Bloomberg

Tweets: @williamyang120, @tomgrundy, and @selina_cheng

Jordan Novet / CNBC:

Benioff says Salesforce will help employees and their families “exit Texas” if they are worried about access to reproductive healthcare in the state — - Salesforce committed to helping employees and their families relocate if they're concerned about the ability to seek reproductive care …

More: TheStreet, CNET, Axios, Insider, and Bloomberg

Tweets: @benioff, @yoshikiofficial, @wendydavis, @rafaelshimunov, @gavinnewsom, @danprimack, @cecilerichards, @nancyleegrahn, @rstephens, and @joesilverman7

TechCrunch:

Mark Zuckerberg says WhatsApp will start rolling out e2e encrypted backups to iOS and Android users in the coming weeks as an optional feature — WhatsApp said on Friday it will give its two billion users the option to encrypt their chat backups to the cloud, taking a significant step to put …

More: Facebook Engineering, The Hacker News, fossbytes.com, MacRumors, The Register, and Ubergizmo

Facebook: Mark Zuckerberg. Tweets: @wcathcart, @runasand, @jsrailton, @micahflee, @mikarv, @wcathcart, @filosottile, @wongmjane, @wcathcart, @aditi_muses, @sweis, @sanjg2k1, @micahflee, @wcathcart, @fb_engineering, and @tomgara

Noam Cohen / Wired:

Profile of Ksenia Coffman, who has made 97K edits and created 3,200 pages on Wikipedia, and her efforts to remove glorified Nazi history from the site — Ksenia Coffman's fellow editors have called her a vandal and a McCarthyist. She just wants them to stop glorifying fascists—and start citing better sources.

Tweets: @mattzollerseitz, @drewmcweeny, @sol_orwell, @ffrafaction, @leonidragozin, @janedarnell, @noamcohen, @garius, @rauchway, @jonathbruns, and @manvbrain

Davey Alba / New York Times:

Internal emails: the data Facebook provided to researchers studying misinformation since 2019 included about half of its US users, not all as it then claimed — More than three years ago, Mark Zuckerberg of Facebook trumpeted a plan to share data with researchers about how people interacted …

Craig Timberg / Washington Post:

The DoD has retaken all 175M IPv4 addresses it handed over to a Florida company on Trump's last day; DoD says its schedule was “agnostic” of the admin change — Control of a remarkable 6 percent of the Internet was handed over to a Florida company as part of a cybersecurity pilot project.

More: Kentik Blog Posts. Tweets: @southpoint1000, @davidwbrown, @joncoopertweets, and @dabeard

Bloomberg:

Sources: US officials are considering a Financial Stability Oversight Council review into whether Tether and other stablecoins threaten financial stability — - Treasury, other agencies consider launching FSOC examination — Tokens' fast growth has triggered anxieties among regulators

Simon Parkin / The Guardian:

How FBI and Australian police built and marketed the An0m chat service for criminals, which cost $1,700 for a handset and $1,250 for an annual subscription — Billed as the most secure phone on the planet, An0m became a viral sensation in the underworld. There was just one problem …

Tweets: @simonparkin and @awinston

Financial Times:

Number of UK unicorns grew 10x in the last decade, with invested capital growing from €1B/year to €13B/year, but some worry Brexit will counteract the change — A decade ago, Taavet Hinrikus and Kristo Kaarmann stood before prospective investors at Seedcamp, a start-up event in London, and set fire to a £50 note.

Tweets: @nathanbenaich, @danielthomasldn, @tbraithwaite, and @financialtimes

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From Mediagazer

Alex Ritman / Variety:

In Channel 4's 2025 Alternative Christmas Message, Jimmy Kimmel said “tyranny is booming” in the US and, on his ABC suspension, “We won, the president lost”

Henry Blodget / Regenerator:

Bari Weiss' 60 Minutes decision may have been a way to both signal that she's serious about shifting CBS' sensibility to the right and “improve” a story

Todd Spangler / Variety:

Trump says Stephen Colbert is a “pathetic trainwreck” and “CBS should, ‘put him to sleep,’ NOW”, after CBS aired a Late Show rerun in which Colbert mocked Trump

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Kevin Collier / NBC News:

Investigation finds ransomware hackers are publishing sensitive information of schoolchildren on the dark web; over 1,200 US K-12 schools had data leaks in 2021

Tweets: @kevincollier, @kevincollier, @kevincollier, and @hacks4pancakes

Roger McNamee / TIME:

Antitrust action in Europe and the US is inevitable and Apple should rethink its stance towards regulators, often described as arrogant to inflexible

Tweets: @jason_kint, @drbarnard, @benlovejoy, @time, @drbarnard, @moonalice, @moonalice, @moonalice, and @willoremus

Nikkei Asia:

Canon to acquire Canadian chipmaker Redlen after buying the remaining 85% stake for $270M; Redlen's tech to help Canon reduce radiation exposure in CT scanners

Source: Canon Global. More: CanonWatch, Globe and Mail, and T-Net British Columbia. Tweets: @nikkeiasia

Joseph F. Kovar / CRN:

Zoom has invested an additional $30M in Norway-based Neat, which makes video conferencing devices, bringing its total investment to $41M

More: Business Wire and Fintech Zoom. Tweets: @crn

Wall Street Journal:

Sources: US and EU are in talks to allow companies, including Facebook and other US tech firms, to keep storing and accessing Europeans' personal data in the US

Rick Klau / California Department of Technology:

California releases front end and middle tier code for its Digital Vaccine Record on GitHub to help other states deploy SMART Health Card systems of their own

Tweets: @drhew

Earlier Picks

Youkyung Lee / Bloomberg:

Kakao and its subsidiaries have lost $16B+ in market value this month amid S. Korea's tech crackdown and as some lawmakers call the company “a symbol of greed”

More: Bloomberg

Bloomberg:

Sources: Stripe is in early discussions with investment banks about going public as soon as next year, either through a direct listing or an IPO

Daisuke Wakabayashi / New York Times:

Internal docs: Google realized last year it illegally underpaid temp staff in many countries for years, but was slow to fix the issue fearing negative publicity

More: The Guardian, TGDaily, Insider, and The Verge

Tweets: @waterprinciple, @juliacarriew, @daiwaka, @timnitgebru, @mcmillen, @juliacarriew, @kateconger, @alphabetworkers, @ceodonovan, @juliacarriew, @josheidelson, @josheidelson, @gregbensinger, @zoeschiffer, @alphabetworkers, and @samtlevin

Benjamin Mullin / Wall Street Journal:

Tinder CEO Jim Lanzone will be the next CEO of Yahoo following the closure of Apollo's acquisition of Yahoo on September 1

Tweets: @benmullin, @zlurie, @jeremarketer, @quinnypig, @russbengtson, @darth, @kevinkaduk, @digitalshields, @film_girl, @peterpham, @bgurley, @panzer, @benparr, and @mims