Techmeme
March 26, 2018, 9:00 AM

Top News

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.
BBC:
Facebook took out full-page ads, signed by Mark Zuckerberg, in several major US and UK newspapers on Sunday to apologize for Cambridge Analytica data leak  —  Facebook boss Mark Zuckerberg has taken out full-page adverts in several UK and US Sunday newspapers to apologise for the firm's recent data privacy scandal.
Jean-Louis Gassée / Monday Note:
Reuters:
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.
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.

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Sean Gallagher / Ars Technica: