Techmeme
December 4, 2017, 7:35 AM

Top News

Fred Wilson / AVC:
From 2012 to 2015, following Facebook's IPO, early stage startup valuations soared to unsustainable levels, and are now returning back to normal  —  I tweeted out this article from Techcrunch in the middle of last week: … And the response from the Twittersphere was a desire to hear my views on it.
Cate Cadell / Reuters:
Speaking at event organized by the CAC, China's internet censorship agency, Tim Cook says 1.8M devs have earned ~$17B so far through Apple's App Store in China  —  WUZHEN, China (Reuters) - Apple Inc's chief executive Tim Cook said developers using its platform in China number 1.8 million …
Juli Clover / MacRumors:
iOS 11.2 released: fixes a bug that caused some notifications to crash iPhones starting Dec 2, adds Apple Pay Cash and faster 7.5W wireless charging  —  Apple today released iOS 11.2, the second major update to the iOS 11 operating system available on the iPhone, iPad, and iPod touch. iOS 11.2 comes …
Fitz Tepper / TechCrunch:
CryptoKitties, a game officially launched on Nov 28 that lets you trade and breed virtual cats, becomes top app by number of transactions on Ethereum blockchain  —  Launched a few days ago, CryptoKitties is essentially like an digital version of Pokemon cards but based on the Ethereum blockchain.
Joseph Cox / The Daily Beast:
How scammers act as a middleman between Uber drivers and passengers, taking payments and relaying messages outside the Uber app  —  Uber's ride-sharing service has given birth to some of the most creative criminal scams to date, including using a GPS-spoofing app to rip off riders in Nigeria …
Tweets: @thedailybeast
New York Times:
Former NSA employee Nghia H. Pho pleads guilty to taking classified files home, where, officials say, Russian hackers stole the files via Kaspersky software  —  BALTIMORE — A former National Security Agency employee admitted on Friday that he had illegally taken from the agency classified documents believed …
Anil Dash / Humane Tech:
How optimizing content for search engines in the early days of the web gave rise to today's never-ending algorithmic arms race against web and social platforms  —  A dozen years ago, the web started to reshape itself around major companies like Google.  We can understand the genesis …
Matt Navarra / The Next Web:
Instagram tests native regram button, GIF sticker search, Story archiving, closest friends list, and other new features  —  TNW today obtained information on a range of new features Instagram is currently testing.  As with all tests, this means some of you may have already seen one or two of the new features.
Bloomberg:
Sources: Xiaomi is in talks with investment banks for an IPO in Hong Kong as soon as next year, seeking a valuation of at least $50B  —  Bankers are pitching Xiaomi management, despite some concerns  —  Xiaomi is said to consider an IPO in Hong Kong as soon as 2018

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Andy Greenberg / Wired: