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March 21, 2018, 8:05 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.
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 …
Bloomberg:
Cambridge Analytica's board suspends CEO Alexander Nix, saying it's with immediate effect, pending a full, independent investigation  —  Board of Cambridge Analytica suspended CEO Alexander Nix with immediate effect, pending a full, independent investigation, according to a statement from the company.
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  —  And Sheryl Sandberg is too  —  After nearly four days of silence from top executives on the unfolding controversy around …
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
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
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
Chaim Gartenberg / The Verge:
Google says it will spend $300M over the next three years to support journalism and fight disinformation through the newly announced Google News Initiative
Jim Albrecht / The Keyword:
Google debuts Subscribe with Google, which lets users buy subscriptions to news sites using Google Accounts and access them from apps, sites, and search results
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.
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.
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  —  YouTube today is rolling out a new feature that will allow video creators to start a live stream from their web cam without …
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.
TechCrunch:
A look at 60+ startups that launched at Y Combinator's Winter 2018 Demo Day 2, which showcased risky frontier tech and some predictable enterprise companies  —  Microbiome therapeutics, Photoshop for augmented reality, and cancer treatments were some of the ideas presented at Day 2 …

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From Mediagazer

Jake Kanter / Deadline:
Sources: new Doctor Who episodes are likely to remain off TV until at least 2028; the BBC says it will use a competitive process to find producers for Season 16

Sara Fischer / Axios:
Disney study: the Toy Story franchise has driven $16B in total revenue for the company over 30 years; nearly half of the revenue was generated domestically

Sarah Rumpf / Mediaite:
The Washington Post faces a proposed class action lawsuit that claims the company covertly used surveillance pricing to charge loyal subscribers higher rates

More News

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

Earlier Picks

Ron Miller / TechCrunch:
Apple and IBM partner to add IBM Watson to Apple Core ML platform, in an effort to make business apps more intelligent
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