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November 3, 2021, 3:20 AM
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| New York Times: |
Meta plans to shut down Facebook's decade-old facial recognition system this month, deleting the face scan data of 1B+ users following legal and regulatory woes — Saying it wants “to find the right balance” with the technology, the social network will delete the face scan data of more than one billion users.
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Meta, Gizmodo, Wired, Ars Technica, CNBC, BBC, iThinkDifferent, The Verge, Electronic Frontier Foundation, The Economic Times, The Hacker News, fossbytes.com, Pocketnow, TechCircle, TechSpot, WRAL TechWire, Quartz, Social Media Today, USA Today, Fortune, Liliputing, BleepingComputer, TNW, Voice of America, Neowin, TechRadar, Mashable, NBC Bay Area, MSPoweruser, SlashGear, PYMNTS.com, Input, PCMag, CyberScoop, Tom's Guide, AppleInsider, NBC News, Game Developer, CNET, CNN, ZDNet, Variety, Financial Times, Tech Xplore, VICE, Android Central, Insider, MacRumors, TechCrunch, Associated Press, Protocol, The Hill, Fast Company, and Wall Street Journal
Tweets: @kashhill, @nytimes, @kharijohnson, @kevinbankston, @eff, @kashhill, @katecrawford, @swodinsky, @rajiinio, @jovialjoy, @xor, @tomgara, @shiraovide, @rmac18, @aprilaser, @jt_teran, @broderick, @brianbrackeen, @alexhern, @evacide, @om, @stephenpunwasi, @om, @guntruth, @rcalo, @donie, @katienotopoulos, @samfbiddle, @mattburgess1, @nickwatts1988, @slpng_giants, @edzitron, @charlescearl, @eculliford, @jfreewright, @jonrosenberg, @marshacollier, @jason_grosse, @jason_kint, @peninsulaqatar, @akianastasiou, @caseyjohnston, @petermdenton, @katienotopoulos, @neontaster, @jkosseff, @aprilaser, @shahidforchange, @digiphile, @om, @kashhill, @rmac18, @jbadomics, @aprilaser, and @blackamazon
| Taylor Soper / GeekWire: |
Zillow says it is shutting down its home buying business, laying off ~2,000 employees, and taking a write down of $500M+; stock drops 10%+ — Zillow Group's ambitious tech-fueled bid to shake up how people buy and sell homes is coming to a surprising end. — The Seattle online real estate giant …
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Bloomberg, CNBC, Zillow Group, Inc., Wall Street Journal, MarketWatch, VICE, New York Times, The Seattle Times, CNN, MobileSyrup, New York Business Journal, Gizmodo, Associated Press, The Real Deal New York, Protocol, Fortune, Axios, CBS News, Barron's Online, The Verge, and Insider
Tweets: @opendoor, @jowens510, @kelseyhightower, @lt3000lyall, @waltisfrozen, @jowens510, @jonfortt, @xerxeswuff, @kyweise, @darrenrovell, @samro, @mikeisaac, @dangeiger79, @derektmead, @killedbygoogle, @business, @seldo, @pmddomingos, @ajlatrace, @toddhagopian, @carnage4life, @paul_essen, @carnage4life, and @jowens510. Thanks:@kslosh
| Tom Warren / The Verge: |
Microsoft will bring its mixed reality platform Mesh with 3D avatars and VR support to Teams in the first half of 2022 — Microsoft and Meta are on a collision course for metaverse competition — Microsoft is entering the race to build a metaverse inside Teams, just days after Facebook rebranded …
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Bloomberg, Microsoft, YouTube, The Official Microsoft Blog, Microsoft 365 Blog, Cointelegraph, cryptodaily.co.uk, BGR India, Pocket-lint, TechCircle, VentureBeat, KnowTechie, Social Media Today, TechEBlog, Game Rant, Benzinga, SlashGear, Gizmodo, Decrypt, and The Week
Tweets: @satyanadella, @stroughtonsmith, @microsoft365, @rleshner, @jamespmcleod, @pewilliams_, @ibogost, @brianroemmele, @bennetttomlin, @arrington, @avinash, @vanvidum, @jeffteper, @el33th4xor, @mcnees, @chriscapossela, @kchoudhu, @microsoft, @resnikoff, @maryjofoley, @emilychangtv, @darth, @anonopshispano, @lenkiefer, @carnage4life, @carlquintanilla, and @joserosado
| Mike Minotti / VentureBeat: |
Activision Blizzard says Blizzard co-leader Jen Oneal is stepping down, leaving Mike Ybarra as sole leader; Oneal says she'll focus on diversity in the industry — Activision Blizzard announced today that Jen Oneal is stepping down from her role as Blizzard co-leader, which she started in August along with Mike Ybarra.
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Blizzard News, Kotaku, Engadget, Windows Central, gamerant.com, Engadget, NME, Destructoid, Kotaku, gamerant.com, PC Gamer, Washington Post, Polygon, Twinfinite, IGN, Game Developer, and The Verge
Tweets: @velocciraptor, @pezradar, @jasonschreier, @lepidopterrors, and @blizzard_ent
| Dean Takahashi / VentureBeat: |
Activision Blizzard reports Q3 revenue of $2.07B, up 6% YoY, net bookings of $1.88B, up 6% YoY, as user growth remains flat at 390M MAUs — Join gaming leaders online at GamesBeat Summit Next this upcoming November 9-10. Learn more about what comes next.| Sarah Perez / TechCrunch: |
Netflix rolls out its exclusive mobile games globally to the Play Store and plans to feature them in its Android app starting this week — After early tests in select markets, Netflix announced today its debut lineup of exclusive mobile games will begin rolling out to all members globally on Android devices, starting this week.
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About Netflix. More:
Laptop Mag, The Verge, Comic Book, Polygon, Moneycontrol, TechCircle, Android Police, The Economic Times, 9to5Google, iPhone in Canada Blog, Wall Street Journal, CNBC, SlashGear, Gizmodo, Android Headlines, AppleInsider, CNET, Pocket-lint, MacRumors, 9to5Mac, and VentureBeat
Tweets: @stroughtonsmith, @gartenberg, @alexisohanian, @kdramafolder, and @markgurman
| Kyle Wiggers / VentureBeat: |
Microsoft announces Loop, an app that combines a “flexible canvas” with collaborative components that sync across Microsoft 365 services — At its Ignite 2021 conference today, Microsoft announced Loop, a new app that combines a “flexible canvas” with components …
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Microsoft 365 Blog, The Verge, TechCrunch, ZDNet, TechCrunch, CNBC, Pocket-lint, and Laptop Mag
| Paulina Duran / Reuters: |
Australia's largest bank Commonwealth Bank to become the country's first bank to offer customers crypto services, including cryptocurrency trading via its app — Commonwealth Bank of Australia will become the country's first to offer retail clients crypto services, Australia's largest bank …
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CommBank, The Block, ZDNet, Australian Financial Review, Australian Financial Review, Cointelegraph, Bitcoin Magazine, and iTnews
Tweets: @cbanewsroom and @commbank
| Emily Flitter / New York Times: |
After downplaying cryptocurrencies early on, banks are experimenting with them more and lobbying regulators for rules to deny crypto lenders “unfair” advantages — Digital payments technology is forcing the financial system to evolve. Banks feel their power waning and want to regain control.| Jon Porter / The Verge: |
Zoom says it is testing ads on its free Basic tier; the ads appear on the browser page shown to users at the end of a call — They'll appear in a browser page at the end of meetings — Zoom is piloting showing ads to users on its free “Basic” tier, the company has announced in a blog post.
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Zoom Blog, TechCrunch, TechCabal, Protocol, and The Hill
Tweets: @hhariri, @pierrefar, @ndiakopoulos, @jaycuthrell, and @quinnypig
| Cameron Faulkner / The Verge: |
Oculus rolls out v34, adding a Space Sense safety feature notifying users when objects, people, or animals intrude on a safe VR space, alongside other features — Version 34 is starting to roll out today — Fresh off of Meta's Connect 2021 keynote, where Grand Theft Auto …
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Oculus Blog, Road to VR, Kotaku, SlashGear, VRScout, and Android Central
Tweets: @starfire2258, @j_shepz, @rufftalkvr, @schrep, @matinassi, @thekenyeung, and @olifranklin
| Mary Jo Foley / ZDNet: |
Microsoft Edge for Linux is now available for all users, supporting multiple distributions including Ubuntu, Debian, Fedora, and openSUSE — It's ‘Chredge’ time for Linux: Microsoft's Edge browser is now generally available for a number of Linux distributions.
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Microsoft Edge Blog, MSPoweruser, and About Chromebooks
Tweets: @kylealden, @liliputingnews, and @maryjofoley
| Meaghan Tobin / Rest of World: |
As Microsoft shuts down LinkedIn in China, developers worry GitHub could be next, even though nearly 10% of GitHub's contributors in 2020 were from China — As Microsoft scales back the Chinese version of LinkedIn, developers worry the code repository could be next.
Tweets: @anupkaphle
| Reuters: |
Sources: Myanmar's junta has tasked thousands of soldiers to create fake accounts to allege election fraud and denounce anti-coup protestors on social media — As Myanmar's military seeks to put down protest on the streets, a parallel battle is playing out on social media …
Tweets: @cvdom2021 and @andreasharsono
| PYMNTS.com: |
Laika, which helps companies implement compliance guidelines by automating infosec workflows, raises a $35M Series B led by JP Morgan Growth Equity Partners — Compliance-as-a-service platform Laika has raised $35 million in a Series B funding round led by J.P. Morgan Growth Equity Partners …
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PR Newswire
| Anuchit Nguyen / Bloomberg: |
Siam Commercial, Thailand's largest bank in which its king is the largest shareholder, acquires 51% of crypto exchange Bitkub for $535M, at a $1B+ valuation — - Siam Commercial Bank buys majority stake in Bitkub Online — Bitkub coin surges 200% to record $2.85 following Siam deal
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Tech in Asia
| Marie Dealessandri / GamesIndustry.biz: |
Splash, whose AI tools facilitate music creation and integration in games, including in Roblox, raises a $20M Series A led by Alexa Fund and Bitkraft Ventures — The funding round was co-led by Amazon's Alexa Fund and Bitkraft Ventures — Roblox music game developer Splash raised $20 million …
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Music Business Worldwide and VentureBeat
| Paul Sawers / VentureBeat: |
Everlaw, which offers ML-powered ediscovery tools for legal teams, raises a $202M Series D led by TPG Growth at a $2B+ valuation — Everlaw, a cloud-native legal technology platform specializing in electronic discovery (ediscovery), has raised $202 million in a series D round of funding …
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Everlaw
| Jessica Bursztynsky / CNBC: |
Lyft reports Q3 revenue of $864.4M, up 73% YoY and up 13% QoQ, but misses with 18.9M active riders vs 19.7M estimated; stock up 12%+ after hours — - Lyft reported third-quarter earnings on Tuesday after the bell, sending shares surging in extended trading.
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Lyft, PYMNTS.com, MarketWatch, Bloomberg, Wall Street Journal, TechCrunch, Reuters, and FreightWaves
| Eleanor Olcott / Financial Times: |
Company salaries of data protection officers are soaring across China after laws were introduced that hold the officers personally responsible for any failures — Sweeping legislation has created huge demand but job risks have risen alongside salaries — Chinese data protection officers …
Tweets: @ellieolcott, @empo11on, @noraniloideain, @lukolejnik, @benjaminqiu, and @martinsfp
| Zheping Huang / Bloomberg: |
Source: ByteDance co-founder Zhang Yiming, who stepped down as CEO in May, has left the board after stepping down as chairman; CEO Liang Rubo to become chairman — - Zhang announced in May he was giving up his CEO title — Chinese tech giant this week announced a restructuring| Bloomberg: |
Shares of Kakao Pay, South Korea's largest mobile payments app, surged 150%+ in early trading after it raised $1.3B in its Seoul IPO at a ~$9.94B valuation — - Fintech firm had to delay its IPO by more than two months — Regulatory crackdown has hurt sentiment for tech shares
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TechCrunch, Financial Times, Nikkei Asia, and The Korea Times
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