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Techmeme
March 21, 2018, 11:55 AM
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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.
Jason Abbruzzese / NBC News:
Facebook confirms Mark Zuckerberg will speak in the next 24 hours on the Cambridge Analytica scandal, after initially being focused on how to fix the problem  —  #WheresZuck had become a question in the past couple days  —  Facebook CEO Mark Zuckerberg will speak publicly in the next 24 hours with a …
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
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
Ingrid Lunden / TechCrunch:
Sources: Google is buying Lytro, the imaging startup that uses its light field tech in VR, for about $40M; one source describes deal as an “asset sale”  —  Last week, Google showed off a new app to display immersive photography in virtual reality, and a multi-camera technique for capturing it …
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.
Wall Street Journal:
Sources: Apple executive Jimmy Iovine will transition into a consulting role in August and step back from daily involvement with Apple Music  —  The music executive and Beats co-founder will step back from daily involvement with Apple's streaming-music business
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 …
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.
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 …
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.

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This is a Techmeme archive page. It shows how the site appeared at 11:55 AM ET, March 21, 2018.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Edward Helmore / The Guardian:
AG Todd Blanche defends the White House ban on CNN, MS NOW, and Politico, saying access is “a privilege” and Trump is “sick and tired” of inaccurate reporting

Christopher Vourlias / Variety:
Serbia's film and television industries are in a state of crisis, with independent production crippled by what industry groups call “state-sponsored censorship”

Dominic Ponsford / Press Gazette:
The BBC plans to cut ~90 jobs from BBC Local, aiming to save ~£9.1M, as part of a plan to eliminate ~250 full-time jobs in its Nations division by 2027/28

More News

Earlier Picks

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
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