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March 21, 2018, 2:00 PM
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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 …
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.
Matthew Yglesias / Vox:
Zuckerberg and other execs are in denial about Facebook: it's not a force for good, having helped destroy industries and break societies and should be shuttered  —  It's not just about privacy; its core function makes people lonely and sad.  —  Facebook is enmeshed in another controversy …
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
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
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
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 …
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.
Dan Goodin / Ars Technica:
15-year-old hacker exposes vulnerability in popular “tamper-proof” Ledger hardware cryptocurrency wallets that have sold by the millions  —  Backdoor allows attacker to recover private keys stored on Ledger hardware wallets.  —  For years, executives at France-based Ledger …
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
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.
Lucas Shaw / Bloomberg:
Google's global head of music, Lyor Cohen, says YouTube will start putting more ads in between music videos to encourage subscriptions to upcoming music service  —  It's a cultural change for a company that was built on free  —  YouTube will increase the number of ads that some users …
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 …

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This is a Techmeme archive page. It shows how the site appeared at 2:00 PM 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

Bloomberg:
Sources: WBD begins exclusive talks with Netflix to sell its film and TV studios and HBO Max; Netflix is offering a $5B breakup fee if the deal isn't approved

The Guardian:
Ireland, Spain, Slovenia, and the Netherlands exit Eurovision after Israel received an all-clear to compete; the BBC and Germany's SWR plan to participate

James Faris / Business Insider:
Kalshi strikes a deal with CNBC that will integrate Kalshi's prediction data into CNBC's channel, site, and app starting in 2026, days after striking a CNN deal

More News

Simon Shuster / TIME:
Investigation finds Russian businessmen and senior Kremlin advisers secretly helped Venezuela launch its Petro cryptocurrency, aimed at eroding US sanctions

Earlier Picks

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
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
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
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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