Techmeme
March 2, 2018, 6:15 PM

Top News

Alex Heath / Cheddar:
Sources: 2nd generation Snap Spectacles to ship in Q3 with improved performance; 3rd gen planned for 2019 with two cameras for 3D-like depth effects in videos  —  Snap Inc. plans to launch a second version of its Spectacles glasses this year followed by a more ambitious third version equipped …
Wall Street Journal:
Former recruiter sues Google, says YouTube set minority hiring quotas, stopped hiring white and Asian males last year for tech jobs, fired him for complaining  —  A former employee alleges tech firm set quotas for hiring minorities  —  YouTube last year stopped hiring white and Asian males …
John McCrank / Reuters:
Equifax expects $275M in 2018 costs from the data breach, says 2.4M additional customers were affected by 2017 cyber attack  —  NEW YORK (Reuters) - Equifax Inc (EFX.N) said on Friday it expects $275 million in costs in 2018 related to the credit reporting company's massive data breach last year …
Deepa Seetharaman / Wall Street Journal:
Sources: Facebook's security team issued memo about Russian interference in Dec. 2016; firm's disclosures complicated by concerns about image, Mueller gag order  —  Social-media giant played down allegations Russia exploited its platform, deepening perceptions it is oblivious to public concern about its social impact
Josh Constine / TechCrunch:
Instagram may be preparing to launch audio and video calling within its direct messaging system according to files and icons buried in its APK  —  Instagram wants to be your phone, not just your camera.  And it wants to be better at it than Snapchat.  Files buried in Instagram …
Ingrid Lunden / TechCrunch:
Rovio misses on Q4 revenue of €73.9M vs €77.33M estimated and announces closure of a year-old London office, departure of head of games unit; stock down 9%+  —  Gaming and entertainment company Rovio continues to have a very hard time of it as it faces the music on the waning popularity …
Evelyn Cheng / CNBC:
Michael Arrington says his $100M crypto fund received SEC subpoena, and every crypto fund he talked to also did; source: SEC subpoenaed ~80 firms in ICOs probe  —  - “We received a subpoena.  Every [crypto]fund I've talked to has received one," said Michael Arrington, TechCrunch founder …
TechCrunch:
Sources: UiPath raises ~$120M Series B at $1B+ valuation for enterprise back-office automation bots; UiPath raised $30M at estimated $109M valuation in April  —  The initial hype around bots — applications that run partly or entirely using natural language processing, machine learning …
Robert Hackett / Fortune:
Garrett Camp proposes Eco, a cryptocurrency that would run on verified nodes at universities and research institutes and have collective mining incentives  —  In November, Garrett Camp had just returned from his first trip to Africa—an “eye-opening” experience, he said …

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