Techmeme
November 7, 2017, 7:20 PM

Top News

Snap Investor Relations:
Snap reports Q3 net loss of $443.2M, vs. last year's $124.2M, and writes off $39.9M in unsold Spectacles inventory  —  VENICE, Calif.—(BUSINESS WIRE)— Snap Inc. (NYSE: SNAP) today announced financial results for the quarter ended September 30, 2017.
Timothy B. Lee / Ars Technica:
Waymo now offers free taxi rides in fully driverless cars in Phoenix, plans for a paid taxi service; at first, most of the cars will have employee in back seat  —  Waymo's first product will be a driverless taxi service in the Phoenix area.  —  Driverless cars are here.
Jon Russell / TechCrunch:
Major flaw in Parity multi-sig wallets, often used in ICOs, potentially freezes hundreds of millions of dollars worth of Ethereum  —  Today is not a good news day for Ethereum.  A vulnerability found within a popular wallet has frozen potentially hundreds of millions of dollars …
Casey Newton / The Verge:
Twitter is rolling out 280-character tweets around the world  —  Double trouble  —  In most of the world, the iconic 140-character tweet is now officially a thing of the past.  Twitter said today that after a global test, 280-character tweets will roll out to users around the world.
Dara Khosrowshahi / LinkedIn:
Uber CEO announces new “cultural norms” for company after employee input: celebrate differences, do the right thing, act like owners, make big bold bets  —  I've spent my first two months as Uber's CEO meeting our teams around the world, dealing with a few firefights …
Caitlyn Gribbin / ABC:
Facebook tests hashing to eliminate revenge porn in some countries; users send nude pics to themselves that Facebook will hash so they never appear on its sites  —  If you've had a nude photo taken, you might be nervous about where it could end up.  —  Your phone may be hacked …
Dieter Bohn / The Verge:
Google patches Wi-Fi KRACK flaw in Android, adds new saturated color display option in Pixel 2 and Pixel 2 XL, releases fix for Pixel 2 “clicking” noise  —  It's also fixing the clicking problem on the Pixel 2  —  The regular, monthly patches for the Pixel are one of the main reasons …
BBC:
Facebook promoted comments expressing disbelief under news stories as part of an experiment that has since ended  —  A Facebook test that promoted comments containing the word fake to the top of news feeds has been criticised by users.  —  The trial, which Facebook says has now concluded …
Stephen Nellis / Reuters:
TechInsights: iPhone X sells for $999 and costs Apple $357.50, giving it a gross margin of 64%; iPhone 8 sells for $699 with a 59% gross margin  —  (Reuters) - Apple Inc's (AAPL.O) new flagship iPhone X makes the company more money per phone than its iPhone 8 model, according to an analysis …
Dan Primack / Axios:
GOP tax bill, still in early stages, includes a big break for employees of privately held startups, would allow tax to be deferred on exercised stock options  —  House Republicans may win some new fans in Silicon Valley, with a new tax proposal that would help employees of highly valued startups that have not yet gone public.
More: The Verge
Ingrid Lunden / TechCrunch:
SaaS provider Proofpoint acquires Cloudmark, a firm that provides messaging security for ISPs and mobile carriers, for $110M  —  As malicious groups continue to become more sophisticated in their hacking techniques, cybersecurity efforts are attempting to expand in their reach, and that is leading to some consolidation in the field.

Sponsor Posts

Specops Software:
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eero:
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Smartsheet:
How to build a high-yielding M&A program  —  Record-breaking M&A activity is expected in the years to come.  What does this mean for your company?
Zoho:
Announcing Zoho PageSense for G Suite  —  Zoho PageSense the complete conversion rate optimization software is now available for G Suite users.  Simply connect your Google account with Zoho PageSense to easily collaborate …
Freshworks:
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Google Chrome:
Chrome's turning 10, here's what's new  —  Every time you open your browser, you have a mission to accomplish.  We built Chrome to help you do that as quickly and safely as possible.

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