Techmeme
March 21, 2018, 7:35 PM

Top News

Mark Zuckerberg:
Zuckerberg says Cambridge Analytica breached Facebook's trust, which caused Facebook to break users' trust, and vows to prevent it from happening again  —  I want to share an update on the Cambridge Analytica situation — including the steps we've already taken and our next steps to address this important issue.
Facebook:
Facebook to review all apps that had extended data access in 2014 and prior, audit suspicious ones, inform users about misuse, revoke permissions of unused apps  —  Protecting people's information is the most important thing we do at Facebook.  What happened with Cambridge Analytica was a breach of Facebook's trust.
Matthew Yglesias / Vox:
Zuckerberg and other executives are in denial: Facebook is 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 …
Paul Ford / Bloomberg:
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 …
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 …
Bloomberg:
Sources: Google is working on blockchain-related technology for its cloud business; source says this includes a distributed ledger to verify transactions  —  Alphabet division developing a distributed digital ledger  —  Company insiders say cloud is natural home for the technology
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
Raymond Wong / Mashable:
Privacy bug in iOS lets Siri read out hidden content from third-party app notifications on lock screens  —  On iOS 11, Apple introduced a new way to protect user privacy by letting you hide the contents of your notifications on your iPhone's lock screen until you unlock the device with Touch ID or Face ID.
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.
Simon Shuster / TIME:
Investigation finds Russian businessmen and senior Kremlin advisers secretly helped Venezuela launch its Petro cryptocurrency, aimed at eroding US sanctions  —  President Donald Trump may not have realized on Monday that his executive order would step on Russia's toes.
Jennifer Smith / Wall Street Journal:
KeepTruckin, which makes apps and services to monitor drivers' time behind the wheel, raises $50M Series C, led by IVP, and is now valued at $500M  —  San Francisco-based maker of electronic logging systems wants to create a freight marketplace, bring new services to a trucking industry that is incorporating new technology
Sarah Perez / TechCrunch:
Sensor Tower: YouTube is the top grossing US iOS app for the first time, and has earned $12M+ worldwide so far in March, up 150% YoY  —  YouTube just became the Top Grossing iPhone app in the U.S. for the first time on Tuesday, after flirting with the top spot a number of times over the years, but never reaching higher than No. 3.
More: 9to5Mac
Alex Kantrowitz / BuzzFeed:
Facebook quietly removed option to target ads by sexual orientation last month, leaving support organizations unable to directly target the LGBT community  —  Last month, Facebook removed the option to target ads by sexual orientation on its ad platform but never publicly announced it.
Salvador Rodriguez / Reuters:
Slack is building a safety engineering team that will develop methods to help reduce outages; since April 2017, Slack has had 40 days with outages  —  Collaboration software provider Slack Technologies Inc is building a safety engineering team that will develop methods to help reduce …
Thanks:@sal19

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Abner Li / 9to5Google:

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