Techmeme
November 2, 2021, 10:15 AM

Top News

Nikkei Asia:
Sources: Apple has cut back on iPad production to allocate more chips to the iPhone 13; iPad production was down 50% from original plans for the past two months  —  U.S. tech giant produces 50% fewer tablets than planned in September-October  —  TAIPEI — Apple has cut back sharply …
Brian Krebs / Krebs on Security:
Researchers discover a Unicode security vulnerability that affects most code compilers, including for Go, C++, C#, JavaScript, Java, Rust, and Python  —  Virtually all compilers — programs that transform human-readable source code into computer-executable machine code …
Liza Lin / Wall Street Journal:
Yahoo pulls its services in China in a largely symbolic gesture, citing an “increasingly challenging business and legal environment”, following LinkedIn  —  Yahoo Inc. said it pulled its services in China, citing an increasingly challenging business and legal environment.
Nikhilesh De / CoinDesk:
Biden admin urges Congress to subject stablecoin issuers to federal oversight like banks and limit their interactions with non-financial companies, such as Meta  —  If U.S. lawmakers don't act, regulators have the authority to take their own measures, according to the long-awaited report …
Bloomberg:
Sources: Zillow is pitching institutional investors on the sale of 7K homes for ~$2.8B to recover from buying too many, which it blames on its bidding algorithm  —  - Online listing giant has been buying thousands of homes  —  Zillow Group Inc. is looking to sell about 7,000 homes as it seeks …
Rita Liao / TechCrunch:
China-based Moka, which aims to automate the talent acquisition process for Chinese companies, raises a $100M Series C led by Tiger Global  —  Moka, a six-year-old Chinese startup that wants to make human resources management easier with software, said today it has closed a $100 million Series C round.
Financial Times:
Meta takes down a troll farm run by the Nicaraguan government since 2018 that involved 937 Facebook accounts, 140 Pages, 24 Groups, and 363 Instagram accounts  —  Company says it took down hundreds of accounts, pages and groups ahead of Sunday's election  —  Meta's Facebook has accused …
Zheping Huang / Bloomberg:
Kuaishou's CEO Su Hua is stepping down, will remain chairman of the short-form video company; fellow co-founder Cheng Yixiao will be the new CEO  —  - Billionaire Su Hua cedes CEO role to co-founder Cheng Yixiao  — Su will focus on long-term strategy at the TikTok rival
Charles Mandel / BetaKit:
Generac Holdings to buy smart thermostat startup Ecobee for $650M in cash and stock, plus up to $120M in stock if targets are hit, expects deal to close in Q4  —  Wisconsin-based Generac Holdings is acquiring smart thermostat startup Ecobee for up to $770 million, contingent on the achievement of certain performance targets.

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Earlier Picks

Mars W. Mosqueda Jr / DealStreetAsia:
The Verge:
Sami Fathi / MacRumors:
Paul Vigna / Wall Street Journal:
Andrew Tarantola / Engadget:
Mark Gurman / Bloomberg: