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November 12, 2021, 3:05 PM
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| Hannah Murphy / Financial Times: |
Internal memo: Andrew Bosworth says Meta's virtual worlds need “almost Disney levels of safety” but moderation at “meaningful scale is practically impossible” — Internal memo from Andrew Bosworth lays out the scale of the challenge
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Wall Street Journal, Benzinga, Insider, and Wall Street Journal
Tweets: @mshannahmurphy, @hblodget, @genepark, @ajitpai, @mims, @martyswant, @edzitron, @lanceulanoff, @joannastern, @joannastern, @joannastern, @rmac18, @karlbode, @evelyndouek, @matthewfederman, @peterwsinger, @somebadideas, @oliviasolon, @amir, @harrymccracken, @counternotions, @minimaxir, @alexweprin, @markdistef, and @malcolmmoore
| Drew Harwell / Washington Post: |
US contract lawyers say remote work surveillance programs that use facial recognition have become widespread in the industry — The attorneys worry that if law firms, traditionally the defenders of workers' rights, are turning to the programs, why wouldn't every other business?| Katie Silver / BBC: |
Alibaba's annual Singles Day event sees 8.5% YoY sales growth, the slowest since its launch in 2009, but customer spending still hit a record $84.5B — Chinese e-commerce giant Alibaba's Singles Day is known for being the world's biggest online shopping extravaganza.
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CNBC, AppleInsider, iThinkDifferent, PYMNTS.com, iMore, Reuters, The Guardian, iPhone Hacks, CNN, and Wall Street Journal
| Robin Sloan / The Society of the Double Dagger: |
Web3 notes from a sci-fi writer and “enemy” of the tech: it shows new protocols are still possible, but is expensive, undemocratic, and impedes ephemerality — It's possible you have, in recent months, seen people writing with excitement (or curiosity, or consternation) about “Web3”.| Andrew Perrin / Pew Research Center: |
Survey: 16% of US adults, including 43% of men aged 18 to 29, say they have invested in, traded, or used a cryptocurrency — The vast majority of U.S. adults have heard at least a little about cryptocurrencies like Bitcoin or Ether, and 16% say they personally have invested in …
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CNET, Cryptonews, TechSpot, and BitcoinExchangeGuide
Tweets: @delitzer, @brianroemmele, and @pewresearch
| Politico: |
A look at the relationship between Frances Haugen and the anti-tech lobbying group Reset, which guided her through the complex world of European policymaking — As soon as Frances Haugen landed in Europe, she was given the VIP treatment. She met senior officials in Paris, Berlin and London.| Amanda Silberling / TechCrunch: |
Instagram tests paying $10,000+ bonuses to select Reels creators, as part of a program announced in July — Instagram really wants you to post Reels — they'll even pay you up to $10,000 for one, if you're lucky. — As TikTok surpasses the 1 billion monthly active users mark …
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Gizmodo, Protocol, The Verge, Digital Trends, iMore, Mashable, KnowTechie, The Verge, BGR India, Bankless Times, iPhone Hacks, PhoneArena, Engadget, 9to5Mac, SAMAA, Social Media Today, and Tubefilter
Tweets: @_msalhotra, @cowbuttcrunchie, @positivesteven, @erikaheidewald, @yayahan, @yayahan, and @alex193a
| Tanzeel Akhtar / CoinDesk: |
Forte, a blockchain-based gaming infrastructure startup, raises a $725M Series B led by Sea Capital and Kora Management, bringing its total funding to $900M — Forte will use the funding, which brings its total capital raised this year to more than $900 million, to expand its products and services.| Maxwell Strachan / VICE: |
Interview with Sam Lessin and YouTuber Marina Mogilko about a $1.7M investment in her, in exchange for 5% of her creator-related earnings for the next 30 years — She gets $1.7 million. Sam Lessin's venture firm gets 5% of her creator earnings for 30 years. “it's def not indentured servitude,” he says.| Reuters: |
Foxconn beats estimates as Q3 net profit rose 20% YoY to $1.33B and warns its smartphone business revenue could slide more than 15% in Q4 — Taiwan's Foxconn (2317.TW), which assembles iPhones for Apple (AAPL.O), reported a better-than-expected third-quarter profit on Friday … | Amanda Silberling / TechCrunch: |
Facebook rolls out new shopping features, including Shops in Groups, product recommendations in the News Feed, and a test of Live Shopping for Creators — Facebook announced today that it's rolling out new shopping features: Shops in Groups, product recommendations and a test of Live Shopping for Creators.| Takashi Mochizuki / Bloomberg: |
Toshiba responds to shareholder pressure by announcing it will split into three companies, focusing on infrastructure, tech devices, and memory chips — - Plans 100 billion yen for shareholder returns over two years — Company has endured years of scandals and controversy
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BBC, Reuters, New York Times, Gizmodo, and Quartz
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