| New York Times: |
Uber is investigating a breach of its systems and has taken some of its internal communications and engineering systems offline; Uber stock is down 5%+ — The company said on Thursday that it was looking into the scope of the apparent hack. — Uber's computer network was breached on Thursday … | Washington Post: |
| 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 … | 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 … | Mike Truppa / The Block: |
| 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: |
| 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.| Ingrid Lunden / TechCrunch: |
General Atlantic to buy out SoftBank's entire 15% stake in game-based online learning service Kahoot for about $152M; SoftBank spent $215M+ for the stake — SoftBank's retreat from its past investing exuberance continues apace. This morning, Kahoot, the Norwegian startup that provides … | 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.| Nico Grant / New York Times: |
Leaked audio: YouTube will lower the barriers to entry for its partner program and bring ads to Shorts, paying creators 45% of ad money vs. 55% for YouTube ads — The video platform will let more creators earn payments and place ads in Shorts, its TikTok competitor, according to audio from an internal meeting.| Financial Times: |
Sources: UK's new PM Liz Truss is planning a last-ditch bid to persuade SoftBank to list Arm in London, pushing for talks after the Queen's mourning period — UK prime minister to push for talks with Japanese owner of British tech company — Prime Minister Liz Truss and chancellor Kwasi Kwarteng … | 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.| New York Times: |
Former TikTok and ByteDance staff say TikTok CEO Shou Zi Chew's power is limited, with ByteDance's founder and other executives making most decisions — Shou Zi Chew, TikTok's chief executive, is balancing how to be an autonomous leader while juggling the demands of the app's Chinese parent company.| 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 … | Charles Hutzler / Wall Street Journal: |
Biden issues an executive order directing CFIUS to increase scrutiny of deals that give China and others access to critical tech or US citizens' personal data — A new executive order directs the panel screening foreign investment, Cfius, to look at deals in areas U.S. officials say are of interest to China
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| Cat Zakrzewski / Washington Post: |
| Ben Schoon / 9to5Google: |
| Drew Harwell / Washington Post: |
| Mariella Moon / Engadget: |
| Amanda Silberling / TechCrunch: |
| Victoria Song / The Verge: |
| Melissa Repko / CNBC: |