Techmeme: Data collection and analysis counts as privacy invasion even when just algorithms, not humans, are involved (Bruce Schneier/Schneier on Security)

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March 7, 2014, 5:10 PM

Top News

Newsweek:

Newsweek stands behind its Satoshi Nakamoto story — Newsweek's Statement on the Bitcoin Story — Leah McGrath Goodman's recent cover story for Newsweek, investigating the identity of Bitcoin founder Satoshi Nakamoto, has generated an immense amount of international attention …

More: Business Insider, The Verge, The Awl, Ars Technica, SiliconBeat, Mashable, Wall Street Journal, CoinDesk, Salon, The Tell, Gawker and Capital New York

Tweets: @kennethn, @b_fung, @charliebeckett, @buttcoin, @harrymccracken and @jerrybrito

See also Mediagazer

Jeff Garzik / Bitcoin Foundation:

The Bitcoin project is decentralized; it has no leader by design

More: Wired, The Daily Caller, Errata Security, TechPresident, USA Today, SocialTimes and Los Angeles Times. See also Mediagazer

Mark Gurman / 9to5Mac:

Apple building support for driving 4K displays at ‘Retina’ resolution, 60Hz output from 2013 MacBook Pros — 4K display running at “Retina” resolution on 10.9.3 — Earlier today, Apple provided developers with the first beta for the upcoming release of OS X Mavericks version 10.9.3.

Alexandra Bruell / AdAge:

Instagram Inks Ad Deal With Omnicom Worth up to $100 Million — Deal Gives Omnicom Media and Creative Agencies Access to Instagram Paid Ad Program — Instagram has inked its first major ad deal with an agency, and it's big. — The photo- and video-sharing site is rolling …

More: Marketing Land, AllFacebook, SiliconBeat, bizjournals, Los Angeles Times, Tech Trader Daily, Gigaom, Mashable and Business Insider

Tweets: @omnicom, @omd_worldwide and @ianmaude

Greg Bensinger / Wall Street Journal:

Online home-furnishing retailer Wayfair raises $157M on way to IPO, at a valuation of over $2B — Wayfair, Speeding Towards IPO, Lands $2 Billion Valuation — Wayfair, an online purveyor of home goods, says it raised $157 million from a group that includes T. Rowe Price and other mutual funds …

More: Digital Trends, Re/code, TechCrunch, Business Insider, VatorNews, BetaBoston, Xconomy and PE Hub Blog

Tweets: @objlphil and @telisdemos

Selena Larson / ReadWrite:

Under Marissa Mayer, 31 of Yahoo's 38 startup acquisitions have closed their services — Yahoo: Destroyer Of Startups — Another day, another Yahoo acquisition. — Yesterday the search giant swiped up the five-man Vizify team, a data visualization startup that turns your social media posts …

More: ResearchBuzz. Tweets: @spolsky

Joan E. Solsman / CNET:

Beats Music opens up, making its API public — Streaming-music service Beats Music is opening up some of its programming to outsiders, with the goal of proliferating the new $120-a-year subscription player in the broader online universe. — “If you're willing to pay $100 a year for music …

More: Computerworld, TechnoBuffalo, The Next Web, TechSpot, MacStories, iDownloadBlog.com …, 9to5Mac, iMore, socalTECH.com and hypebot

Emil Protalinski / The Next Web:

comScore: Apple starts 2014 with 41.6% US smartphone share, Samsung at 26.7%; BlackBerry falls below Windows Phone — Apple's dominance as the top smartphone OEM in the US has started off strong in the first month of this year: 41.6 percent share. Samsung is once again gaining share faster …

More: PC World, WMPoweruser, Fortune, PR Newswire, 9to5Mac, GeekWire, Marketing Land, AppleInsider, BGR, WebProNews, MacRumors, TechnoBuffalo, Electronista and Tech Trader Daily

Bloomberg:

Box projects revenue to double this year to $200M, may make IPO prospectus public within weeks — Box Said to Project $200 Million in Revenue as IPO Nears — Box Inc., the cloud storage and collaboration company that's headed for an initial public offering, projects revenue this year …

More: ZDNet and CNET

Nicole Lee / Engadget:

Samsung's Milk Music internet radio service is only for Galaxy devices (video) — Do we need yet another online music service? Samsung certainly thinks so, as it's just introduced its very own internet radio service called, weirdly enough, Milk Music. So named for its supposed “fresh” take on music (Get it?

Bruce Schneier / Schneier on Security:

Data collection and analysis counts as privacy invasion even when just algorithms, not humans, are involved — Surveillance by Algorithm — Increasingly, we are watched not by people but by algorithms. Amazon and Netflix track the books we buy and the movies we stream, and suggest other books and movies based on our habits.

Sarah Frier / Bloomberg:

Twitter Paid $36 Million for IBM Patents to Avoid Suits — Twitter Inc. (TWTR), the microblogging service that held an initial public offering last year, paid $36 million to acquire 900 patents from International Business Machines Corp. (IBM), according to a filing.

More: SiliconBeat, Electronista and bizjournals. Tweets: @bloombergnews

Michael J. De La Merced / New York Times:

Now with 100K+ students, digital trade school General Assembly raises $35 million, led by IVP — Service to Aid Start-Ups Raises $35 Million in New Round of Financing — With more people harboring hopes of building the next hot Web or mobile start-up — and perhaps reaping a big payday …

More: GA Blog, TechCrunch, BetaBoston, GeekWire and VentureBeat

Dan DeSilva / 9to5Mac:

iPhone pricing war heats up as Walmart offers 5s for $119 and Target launches iPad trade-in promotion — From 9to5Toys.com: — New Apple promotions from Walmart and Target may be enticing enough for holdouts to finally upgrade to the newest iPhone and iPad...

More: TechnoBuffalo, BGR, 9to5Toys, IntoMobile and iDownloadBlog.com …

Ingrid Lunden / TechCrunch:

Spotify Acquired Music Tech Company The Echo Nest In A $100M Deal — On the heels of the news yesterday that Spotify had acquired music discovery technology company Echo Nest, we now have a price for the deal: it was $100 million, with 90% of that in Spotify equity.

More: Digital Music News, Lastest ITProPortal news, SiliconANGLE, Ubergizmo, BetaBoston, Lifehacker, hypebot and PandoDaily. Tweets: @danprimack. See also Mediagazer

Anna Prior / Wall Street Journal:

Coupons.com raises $168M in IPO, stock surges in early trading — Coupons.com Shares Nearly Double in Debut — The Coupon-Providing Website Now Valued at About $2.2 Billion, Similar to Rival RetailMeNot — Shares of Coupons.com Inc. surged after making their public trading debut …

More: Reuters, TheStreet.com and Forbes

Joe Garofoli / San Francisco Chronicle:

Salesforce and nonprofit Tipping Point announce SF Gives initiative to raise $10M from tech companies for antipoverty — Marc Benioff challenges Bay Area's tech leaders to give more — Salesforce.com founder Marc Benioff is challenging fellow tech leaders to raise millions to fund …

More: New York Times, CNET, New York Times, bizjournals, PR Newswire, Philanthropy …, SiliconBeat and SFist

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