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March 21, 2018, 10:00 AM
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Top News

Casey Newton / The Verge:
Brian Acton, who cofounded WhatsApp, which was acquired by Facebook for $16B, tweeted “It is time. #deletefacebook”  —  Facebook bought his app for $16 billion  —  In 2014, Facebook bought WhatsApp for $16 billion, making its co-founders — Jan Koum and Brian Acton — very wealthy men.
Wired:
With the storm over user data misuse intensifying into a hurricane, Facebook now faces several vexing questions about its opaque privacy practices  —  Two weeks ago, Facebook learned that The New York Times, Guardian, and Observer were working on blockbuster stories based on interviews with a man named Christopher Wylie.
Taylor Hatmaker / TechCrunch:
As US lawmakers on both sides of the aisle call for Mark Zuckerberg to testify, he and Sheryl Sandberg remain publicly silent on the Cambridge Analytica scandal  —  The bad thing about making your face synonymous with the company you run: When you go M.I.A., everyone tends to notice.
Washington Post:
Chris Wylie says Breitbart's Steve Bannon approved Cambridge Analytica's 2014 work to collect Facebook data; firm used focus groups to test views on Putin, more  —  LONDON — Conservative strategist Stephen K. Bannon oversaw Cambridge Analytica's early efforts to collect troves of Facebook data …
Rani Molla / Recode:
Facebook has lost nearly $50B in market cap since Friday; 129M+ shares of Facebook stock changed hands on Tuesday, its biggest trading day since 2014
Casey Newton / The Verge:
Source: Mark Zuckerberg expected to address Facebook employees about Cambridge Analytica scandal at 1pm ET on Friday during the company's regular Q&A session
Channel 4 News:
Cambridge Analytica execs boasted of running “all the digital campaign” for Trump, described its comms tactics to avoid paper trail: Proton Mail, deleting email
Spencer Ackerman / The Daily Beast:
Source: Zuckerberg and Sandberg weren't at staff Q&A on Facebook role with Cambridge Analytica; Facebook says execs are “working around the clock” on the issue
Johana Bhuiyan / Recode:
Travis Kalanick becoming CEO of City Storage Systems, which focuses on repurposing real estate, and says his new fund is acquiring a $150M controlling interest  —  The company was formerly called CloudKitchens and was led by Diego Berdakin, an early Uber investor.  —  Former Uber CEO Travis Kalanick has found his new job.
Blair Hanley Frank / VentureBeat:
Microsoft announces Windows Server 2019, the first big update since 2016, with Linux and Kubernetes support  —  Microsoft announced today that it will launch the next major release of Windows Server later this year with better support for hybrid workloads, Linux workloads, and hyper-converged infrastructure.
David Meyer / Fortune:
The European Commission proposes a 3% tax on EU revenues of companies with global annual revenues of €750M+, like Google, Facebook, and Amazon  —  The European Commission wants to see big tech firms pay a 3% tax on some of their revenues.  This is a major break from the traditional way of calculating tax based on profits.
Rita El Khoury / Android Police:
Amazon's in-home delivery service app Key adds fingerprint authentication support on Android  —  Amazon's Key in-home delivery service was announced last October and its cameras and smart door locks became available in November.  Since then, Amazon has been able to use Key to place …
Peter Kafka / Recode:
Google and Facebook were built to destroy publishers, not help; Google's $300M pledge to journalism won't go directly to publications, who need real checks  —  Guess who's winning?  —  For argument's sake, let's believe that Google believes its newest efforts to boost publishers …
Dean Takahashi / VentureBeat:
CryptoKitties, a game built on top of the Ethereum blockchain, raises $12M Series A led by a16z and USV, and will be spun out of Axiom Zen game studio  —  CryptoKitties became a sensation after it debuted in November as a collectible game built on top of a blockchain and the Ethereum cryptocurrency.
Reuters:
Dropbox increases IPO price range from $16-18 per share to $18-20 per share on strong demand; final pricing expected on Thursday  —  (Reuters) - Dropbox Inc [DBX.O] has raised the price range for its initial public offering by $2 following strong demand for the first big tech IPO this year.
Ari Levy / CNBC:
Amazon, with a market value of $768B, has passed Alphabet's market value of $761.4B, making it the world's second-most valuable company, trails Apple's $889.2B  —  Amazon has passed Alphabet and now trails just Apple among the list of the world's most valuable companies.

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From Mediagazer

Todd Spangler / Variety:
State attorneys general from Iowa and Montana file a motion with the US Supreme Court to have the antitrust suit against the Paramount-WBD deal thrown out

Max Tani / @maxwelltani:
WSJ opinion editor Paul Gigot defends Stanley Druckenmiller's use of AI to write an op-ed, saying “nobody can doubt that his op-ed is his genuine opinion”

Matthew Keys / TheDesk.net:
A US federal appeals court sets aside an FCC notice that would have let political parties and joint fundraising committees qualify for lowest broadcast ad rates

More News

Earlier Picks

Samit Sarkar / Polygon:
Vivendi to sell its 27.3% stake in Ubisoft for €2B to Tencent, Canadian pension group, others; Ubisoft signs deal with Tencent to boost its properties in China
Sarah Perez / TechCrunch:
YouTube rolls out a new feature that lets users “go live” directly from the desktop site without encoding software, currently only supported in Chrome
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