Techmeme
November 12, 2017, 9:10 PM

Top News

Eric Newcomer / Bloomberg:
Sources: Uber-SoftBank deal to see investors buying $1B of Uber shares at current valuation, proceed with $9B tender offer for secondary shares in coming weeks  —  Uber moves closer to selling up to $10 billion in shares  —  Benchmark agrees to put suit against Uber co-founder on hold
David Z. Morris / Fortune:
Bitcoin Cash's market cap is up +130% in 2 days to about $26B, briefly overtaking Ethereum's, and Bitcoin Cash's hashrate has surpassed Bitcoin's  —  The cryptocurrency market is experiencing a complex shakeup this weekend, with a recently created digital token called Bitcoin Cash (BCH) …
New York Times:
Inside NSA's Tailored Access Operations group and the investigation into Shadow Brokers, a hack of NSA now considered much more damaging than Snowden leak  —  A serial leak of the agency's cyberweapons has damaged morale, slowed intelligence operations and resulted in hacking attacks on businesses and civilians worldwide.
Google Online Security Blog:
Google and UCB study: from March 2016 to March 2017, 788K credentials were stolen via keyloggers, 12M credentials via phishing, and 3.3B via 3rd-party breaches  —  Posted by Kurt Thomas, Anti-Abuse Research; Angelika Moscicki, Account Security  —  Account takeover, or ‘hijacking’ …
Aliya Ram / Financial Times:
UK-based Graphcore, maker of machine learning chips, has raised $50M from Sequoia Capital  —  UK chipmaker Graphcore has raised $50m from Sequoia Capital, one of Silicon Valley's top venture capital firms, as the start-up angles to become Britain's biggest maker of artificial intelligence hardware.
Jon Russell / TechCrunch:
Alibaba smashes its Singles Day record once again as sales hit $25.4B, a 39% increase over last year's sales total  —  Alibaba has set another Single's Day record after the e-commerce giant sold over $25 billion of product on the Chinese biggest online shopping date.
Greg Bensinger / Wall Street Journal:
Study: increases and decreases in Uber's base fare have little effect on long-term driver earnings  —  Study co-authored by company finds drivers inevitably take home about the same earnings whether fares go up or down  —  Hours before Uber Technologies Inc.'s chief executive resigned in June …
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TechCrunch Disrupt SF:
Catch the founder & CEO of Revolut at Disrupt SF  —  Nikolay Storonsky took his company from a $350 million valuation to a $1.7 billion valuation in under six months.  Hear how he did it at Disrupt SF this September.

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Ron Amadeo / Ars Technica:

Earlier Picks

Takashi Mochizuki / Wall Street Journal: