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September 16, 2022, 5:00 AM
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| New York Times: |
Uber is investigating a breach of its computer systems, saying a hacker compromised a worker's Slack account and also gained access to other internal systems — The company said on Thursday that it was looking into the scope of the apparent hack. — Uber's computer network was breached on Thursday … | Lawrence Abrams / BleepingComputer: |
Security engineer says Uber hacker had access to its HackerOne bug bounty program; source: the hacker downloaded all vulnerability reports before losing access — Uber suffered a cyberattack Thursday afternoon with a hacker gaining access to vulnerability reports and sharing screenshots … | Casey Newton / Platformer: |
Source: Meta's Chris Cox directed the New Product Experimentation division to scale back; Meta says the division will focus on short-form video — Facebook's New Product Experimentation division is scaling back its mission dramatically, Platformer has learned.
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Social Media Today. Tweets: @caseynewton, @paultassi, @martinsfp, @advodude, @quinnypig, @darth, @stevensonpj, and @platformer
| The Information: |
Memo to staff: Adam Mosseri says Instagram's creator surveys show the app lags behind TikTok and YouTube on the most important creator satisfaction dimensions — For the past couple of years, as Instagram has sought to better compete with TikTok, becoming more appealing to creators has been a top priority.
Tweets: @gtinari, @kyliebytes, @kyurieff, @mattnavarra, @kyurieff, and @onealafrica
| Bloomberg: |
PitchBook: Figma deal is the largest exit for a VC-backed company in ~20 years; source: Index Ventures' ~12% stake makes it Figma's biggest outside shareholder — Danny Rimer first invested in Figma in 2012, shortly after the company was established and began developing software tools for designers.| Bloomberg: |
Adobe plans to buy UI design and prototyping tool Figma for ~$20B, half cash and half stock; CEO Dylan Field will continue to lead Figma; ADBE closed down 16.8% — Adobe Inc. agreed to buy software design startup Figma Inc. in a deal valued at about $20 billion in a bid to expand its suite of creative tools for professionals.
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Figma, Adobe Press Releases, Wall Street Journal, The Verge, ZDNet, Greylock, CRN, SecurityWeek, CNBC, Wall Street Journal, Daring Fireball, Index Ventures, TechCabal, San Francisco Business Journal, Space Among The Clouds, Forrester, Michael Tsai, and iTnews
Tweets: @zoink, @kateconger, @litcapital, @semil, @joshm, @rolfewinkler, @nbashaw, @kwharrison13, @gergelyorosz, @tomwarren, @charlespattson, @shpigford, @adobe, @johnolilly, @juanbuis, @greylockvc, @katie_roof, @hyumankind, @balajis, @notdetails, @leyeconnect, @noupside, @jaminball, @levie, @lkanies, @scottw_grizzle, @ravisutanjani, @reichenstein, @ajmedick, @hunterwalk, @mrdoob, @tanayj, @gergelyorosz, @jevon, @alurdesign, @balamobi, @kenneynl, @rga, @ricmac, @kateclarktweets, @mrdoob, @om, @kateclarktweets, @gergelyorosz, @mamoonha, @leeloowrites, @reidhoffman, @tomwarren, @ashleymayer, @mamoonha, @gk3, @jenniferdaniel, @cynthialive, @om, @darkviperau, @purplemikey, @uxwendy, @reichenstein, @ericajoy, @stammy, @timsweeneyepic, @nikitabier, @peteskomoroch, @cartunenetwerk, @bigmeaninternet, @joepwilliams31, @katie_roof, @reichenstein, @reichenstein, @rubenharris, @sbisson, @hunterwalk, @rayno, @chrismessina, @andrewparker, @ampressman, @levie, @ncresq, @siddarthpaim, @btaylor, @tinch, @seldo, @jowyang, @villi, @alex, @marshallk, @scottbelsky, @scottbelsky, @buccocapital, @hellomuller, @ulonnaya, @siderro, @charliprangley, @patrickmoorhead, @gavinsbaker, @gavinsbaker, and @rrhoover
| Wall Street Journal: |
Speaking hours after Ethereum's Merge update, SEC Chair Gary Gensler says cryptocurrencies that let holders stake coins may be subject to US securities laws — SEC chairman says system used by ether following software update could trigger securities laws — WASHINGTON—Ethereum's big software update …
More:
CoinDesk, Bloomberg, Crypto Daily, Coin Center, CoinGape, Crypto Adventure, PYMNTS.com, Bitcoinist.com, Decrypt, and The Block
Tweets: @ldrogen, @panekkkk, @basedkarbon, @cryptoncoffeee, and @piriya
| Mike Truppa / The Block: |
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The Verge, CNN, CoinJournal, CryptoGlobe, The Capital, Cryptorise 📈, New York Times, Ars Technica, Coin Metrics' State …, Cointelegraph, CoinDesk, TechCrunch, Dan's Stack, and Finextra
Tweets: @vitalikbuterin, @koeppelmann, @vitalikbuterin, @cirrusnft, @beeple, @vanityblocks, @cz_binance, @vitalikbuterin, @digieconomist, @petermccormack, @el33th4xor, @bgarlinghouse, @preston_vanloon, @krls, @kaiynne, @trustlessstate, @trustlessstate, @robustus, @hasufl, @ercwl, @lopp, @robustus, @saylor, @hosseeb, @matthuang, @0xfoobar, @cryptohayes, @ryansadams, @gaberivera, @hasufl, @balajis, @fintechfrank, @cobie, @steventdennis, @lopp, @alex, @digitalassetbuy, @0xtransition, @agenttinsley, and @yugalabs
| Sandali Handagama / CoinDesk: |
Chainalysis: emerging markets, led by Vietnam and the Philippines, drove global cryptocurrency adoption over the past year; China remained active despite a ban — The blockchain analytics firm's 2022 Global Crypto Adoption Index also shows China remains active despite a ban on crypto trading.| Natasha Singer / New York Times: |
California Governor Newsom signs into law an online safety bill that puts limits on the data companies collect on minors; the law goes into effect in July 2024 — The bill could require many social media sites, games and other online services used by children to install protections for minors.| Drew Harwell / Washington Post: |
Senator Ron Wyden reveals the CBP told Congress it adds data from ~10K travelers' devices per year to a database, accessible by 2,700 officers without a warrant — Contacts, call logs, messages and photos from up to 10,000 travelers' phones are saved to a government database every year| Meghan Bobrowsky / Wall Street Journal: |
COO Vanessa Pappas told senators that TikTok is working on a final deal with CFIUS that satisfies all US national security concerns, but didn't give a timeline — Lawmakers express concern over potential Chinese influence of the popular short-video app — Investigation: How TikTok's Algorithm Figures Out Your Deepest Desires| Casey Newton / Platformer: |
More:
CNN, Slashdot, and Social Media Today
| Paul Hill / Neowin: |
Amazon announces the US launch of Veeqo, a shipping software that lets sellers connect their sales channels and access discounts on UPS, USPS, DHL, and FedEx — Amazon has announced that it's launching a new version of Veeqo in the United States. Veeqo is a multichannel shipping service …
Source:
Amazon. More:
About Amazon, PYMNTS.com, Reuters, and GeekWire
Tweets: @wavesblog and @jerrycap
| Ben Schoon / 9to5Google: |
Some YouTube viewers say the platform's ads expanded in length and quantity over the past month or two, with reports of five to 10 unskippable ads per break — The experience of watching YouTube has been infiltrated by ads over the years as a means of maintaining the platform and supporting creators financially.
More:
The Keyword, ProductCafé …, SamMobile, gHacks Technology News, Social Media Today, GIANT FREAKIN ROBOT, Lowyat.NET, Gearrice, PCMag, Gizmodo, and Gizmochina
Tweets: @rakeshlobster and @eric_seufert
| Reuters: |
Investor memo: ByteDance will spend up to $3B to repurchase shares in the next two to three months, in a deal that values the company at around $300B — ByteDance will spend up to $3 billion to repurchase shares in a deal that values the Chinese unlisted owner of TikTok at around $300 billion … | Heather Somerville / Wall Street Journal: |
Research: Chinese investment in US VC funds hit ~$880M in 2022, the second-highest level in 12+ years; China-linked groups invested $4B+ into US VCs since 2010 — New report shows 2022 on pace to be one of the strongest years for investment despite tensions between the two countries
Tweets: @amyzegart and @hraleighspeaks
| Charles Hutzler / Wall Street Journal: |
More:
The Hill, The White House, South China Morning Post, New York Times, PYMNTS.com, and InfoRiskToday.com. Tweets: @ericnewcomer
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