Techmeme
March 26, 2018, 10:52 AM

Top News

Bloomberg:
Grab to acquire all of Uber's operations in Southeast Asia, including UberEats; Uber gets 27.5% stake in Grab, and Uber CEO will join Grab's board  —  Grab to buy ride-sharing, food delivery businesses in region  —  Uber gets 27.5% stake in rival, CEO to join Grab's board
Johana Bhuiyan / Recode:
Uber CEO says they spent $700M in Southeast Asia before deal with Grab; source: Uber feels confident enough in India and Middle East to not retreat from there  —  As part of the deal, Uber will get a 27.5 percent stake in the company and CEO Dara Khosrowshahi will join the Grab board.
Ian Bogost / The Atlantic:
How every Facebook app in 2010 collected users' personal data, what devs could do with it, and why Facebook can't close the Pandora's box it opened a decade ago  —  For a spell during 2010 and 2011, I was a virtual rancher of clickable cattle on Facebook.  —  It feels like a long time ago.
Josh Constine / TechCrunch:
New complicated privacy and transparency regulations might be a mere speed bump for Facebook but an insurmountable burden for startups  —  You know what tech startups hate?  Complicated legal compliance.  The problem is, Facebook isn't a startup any more, but its competitors are.
Jean-Louis Gassée / Monday Note:
Lauren Goode / The Verge:
Fitbit Versa review: 4 day battery life in a flat, lightweight design with hints of Apple Watch but with poor notification support, and swapping the bands sucks  —  The Versa is better than Fitbit's earlier smartwatches, but it still has issues  —  Fitbit needs a win.
David Meyer / Fortune:
Leader of hacker gang known as Carbanak, who used malware attacks to steal €1B from banks and ATMs, caught in Spain  —  For the past five years, a gang of hackers known as Carbanak has been targeting banks around the world, stealing well over $1 billion in total.
John Koblin / New York Times:
Since October, Apple has signed 12 TV projects, nine of them “straight-to-series”; sources say the company aims to roll them out between March and summer 2019  —  Known for its bold designs and its big marketing campaigns, Apple relishes its status as a dominant force in the corporate world.
Sara Salinas / CNBC:
Facebook stock plunges 5%+ after FTC confirms it has an open non-public probe into the company's privacy practices  —  The FTC confirmed Monday it's investigating Facebook and its data practices in the wake of the Cambridge Analytica data scandal.  —  Shares of Facebook fell following the report.

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Sean Gallagher / Ars Technica: