Techmeme
November 2, 2017, 5:45 AM

Top News

Ben Popper / The Verge:
Mark Zuckerberg says Facebook's efforts to prevent abuse will cut into future profits as company plans to double employees to police its platform  —  Under fire, the social network plans to spend big on security  —  Facebook was front and center in the news today, testifying before legislators …
Facebook:
Facebook reports Q3 profit of $4.7B, up 79% YoY; revenue of $10.3B, up 47% YoY, vs. $9.84B expected; headcount hits 23,165, up 47% YoY  —  Facebook, Inc. (NASDAQ: FB) today reported financial results for the quarter ended September 30, 2017.  —  “Our community continues to grow and our business …
Josh Constine / TechCrunch:
Kurt Wagner / Recode:
Jonathan Shieber / TechCrunch:
SEC: paid endorsements of ICOs may be illegal if compensation is not properly disclosed, and, even with disclosure, paid promoters may be liable in some cases  —  The Securities and Exchange Commission has issued a stern warning to the celebrities, athletes and social media stars pitching investment opportunities in virtual currencies.
Olga Kharif / Bloomberg:
The value of the Bancor token has dropped 56% since the June ICO, which raised ~$153M  —  Bancor has lost more than half of value since June offering  —  Developers question usefulness of market-making token  —  Bancor, one of the most successful initial coin offerings in the short history …
Vlad Savov / The Verge:
Razer Phone: 5.7" 120Hz 1440p display, 8GB RAM, Snapdragon 835, 12MP dual cameras, 4000mAh battery, but no audio jack, Oreo update 2018; ships Nov. 17 for $699  —  Can you actually make an Android phone for gamers?  Aren't they all spec-heavy beasts of incredible processing burden?
Ingrid Lunden / TechCrunch:
Google to shut down its QPX Express API for airfare data, which launched out of its ITA acquisition, on April 10, 2018  —  As Google gradually builds out its footprint in travel search, the company is also making a move to shut down one of its data feeds to others in the travel space.
Juli Clover / MacRumors:
Face ID Unlocks an iPhone More Slowly Than Touch ID, but is Faster in Day-to-Day Usage  —  Apple's new Face ID facial recognition system coming in the iPhone X unlocks an iPhone more slowly than Touch ID did, according to Tom's Guide.  —  Tom's Guide is one of the sites that was provided …
Tripp Mickle / Wall Street Journal:
David Pierce / Wired:
Doppler Labs, the smart earbuds startup which raised a total of $50M+, is shutting down  —  ON OCTOBER 23, Doppler Labs founder Noah Kraft got a Facebook notification.  One of those “On This Day” pop-ups, resurfacing a post from exactly two years ago, when Kraft had appeared on CNBC to make the case for his company.

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Thuy Ong / The Verge: