Techmeme
May 2, 2018, 5:15 PM

Top News

Wall Street Journal:
Cambridge Analytica is shutting down, says founder of its British affiliate, following the Facebook data misuse scandal  —  Company had lost multiple clients in recent months  —  Cambridge Analytica , a data firm that worked for President Donald Trump's 2016 campaign …
Spotify Investor Relations:
Spotify reports first ever financial results with Q1 revenue of €1.139B, up 26% YoY, on operating loss of €41M; MAUs up 30% YoY to 170M  —  Spotify Technology S.A. (NYSE:SPOT) today reported financial results for the first fiscal quarter of 2018 ending March 31, 2018.
Jerome Pesenti / Facebook Code:
Summary of Facebook's AI-related announcements at F8: PyTorch 1.0 open source framework unveiled, expansion of Open Neural Network Exchange, updates on research  —  Artificial intelligence has the potential to transform lives, creating new digital experiences while safeguarding our existing online interactions.
Lucas Matney / TechCrunch:
Paul Vigna / Wall Street Journal:
Source: Telegram is calling off the public part of the ICO for the Telegram Open Network after raising $1.7B from 175 accredited investors via private deals  —  Telegram plans to put the money it raised into a new digital payment platform, Telegram Open Network, meant for a wide audience
Sara Fischer / Axios:
Facebook to bring outside advisers for a civil rights audit of its impact on minority groups and to investigate claims it's biased against conservative voices  —  To address allegations of bias, Facebook is bringing in two outside advisors — one to conduct a legal audit of its impact …
Joseph Cox / Motherboard:
Facebook confirms it has fired one of its security engineers who allegedly used privileged access to stalk women online  —  After a member of the information security community provided evidence to Facebook's chief information security officer, the company has terminated a security engineer …
Thuy Ong / The Verge:
Google announces investment program for early-stage startups working on Google Assistant hardware or features, similar to Amazon's Alexa Fund  —  Funding the Google Assistant ecosystem  —  Today, Google is launching a new investment program for early-stage startups working to broaden Google Assistant hardware or features.
Bloomberg:
Sources: Amazon is offering to pass along discounts it gets on credit card fees to retailers if they use its payments service Amazon Pay  —  Move shows retailer is willing to sacrifice to grow Amazon Pay  —  It's another challenge to PayPal, big banks and card networks
More: CNBC
Zack Whittaker / ZDNet:
Coalition representing Apple, Google, Facebook, and others criticize law enforcement backdoors in devices, after Wired profile of Ray Ozzie's key escrow idea  —  The tech coalition includes Apple, Facebook, Google, Microsoft, and Verizon and Yahoo's parent company Oath …
Ashley Carman / The Verge:
LG announces G7 ThinQ with 6.1" QHD+ LCD display and notch, dual 16MP rear cameras, 3,000mAh battery, Snapdragon 845, Android Oreo, Assistant button, and more  —  Photography by Amelia Holowaty Krales / The Verge  —  After months of leaks, LG's new G7 ThinQ phone is officially here.
Sarah Perez / TechCrunch:
Hulu says it has surpassed 20M subscribers in the US, introduces offline mode, and inks animation deal with DreamWorks  —  Hulu now has over 20 million U.S. subscribers - that's up from the 17 million-plus it claimed in January.  The news of its subscriber growth is being delivered alongside …
Wall Street Journal:
The Pentagon is moving to halt the sales of Huawei and ZTE phones in retail outlets on US military bases around the world, citing potential security threats  —  Move intensifies a squeeze the Trump administration has put on the two Chinese tech firms  —  The Pentagon is moving to halt …
Jessica Toonkel / Reuters:
Verizon's Oath signs distribution deal to place four of its apps, Newsroom, Yahoo Sports, Yahoo Finance, and Go90, on Samsung Galaxy S9/S9+ devices in the US  —  (Reuters) - Verizon Communications Inc's Oath Inc subsidiary has signed a deal to place four of its most popular apps on millions …
Ingrid Lunden / TechCrunch:
Nokia to sell its digital health division to Eric Carreel, cofounder of Withings, which Nokia acquired for €170M in 2016; deal expected to close late Q2 2018  —  Nokia's unsuccessful foray into digital health hardware and services looks like it is finally coming to an end.
Giovanni Buttarelli / European Data Protection …:
Ahead of GDPR, EU data watchdog says internet platforms that collect user data are like “sweatshops” exploiting users in exchange for so called “free” services  —  The digital information ecosystem farms people for their attention, ideas and data in exchange for so called ‘free’ services.

Sponsor Posts

Command Line:
GitHub Universe 2026: Highlights from the developer's developer conference  —  Copilot Fusion was the belle of the ball, but the hero at the heart of the two-day event was the developer community.
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Featured Podcasts

The Upstarts Podcast:
The Accidental YC Founder Solving AI's GPU Crisis | SF Compute's Evan Conrad
Veteran tech reporter Alex Konrad sits down with breakout entrepreneurs taking on the status quo to shake up their fields in AI, design, nuclear energy, space, and more.
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Cheeky Pint:
Why Sam Altman is against a single superintelligence
Stripe cofounder John Collison interviews founders, builders, and leaders over a pint.
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Great Chat:
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Sources:
Tobi Lütke on the AI agent revolution and future of Shopify
Candid conversations with the leaders shaping what's next in AI and the broader tech industry. Hosted by Alex Heath, who has covered Silicon Valley for more than a decade.
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Big Technology Podcast:
This AI Expert Argues We're Underestimating AI's Productivity Impact — With Ethan Mollick
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Inside Anthropic's IPO + How AI agents spy on your messages
The official podcast of the singularity, from Casey Newton and Kevin Roose. Twice-weekly news, analysis, and interviews with the people who are building the future.
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Earlier Picks

Marco Arment / Marco.org:
Rhett Jones / Gizmodo:
Manish Singh / The Outline: