Techmeme
May 2, 2018, 10:45 PM

Top News

Wall Street Journal:
Cambridge Analytica is shutting down following the Facebook data misuse scandal, says it was losing clients and facing mounting legal fees  —  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.
Bill Jia / Facebook Code:
Facebook debuts PyTorch 1.0, which optimizes production performance and improves model compatibility with other AI frameworks, coming to beta in a few months  —  The path for taking AI development from research to production has historically involved multiple steps and tools …
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:
Kara Swisher / Recode:
Zynga founder Mark Pincus reducing his voting power in the social gaming firm from a 70% to 10% stake, will remain on board but as non-executive chairman  —  In an unusual move, Pincus doesn't want the final say anymore and wanted more freedom.  —  In an unusual move for a Silicon Valley company …
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
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.
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.
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
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 …
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 …

Sponsor Posts

Smartsheet:
Smartsheet Gov Achieves ‘FedRAMP Ready’ Designation  —  Built on AWS GovCloud (US), Smartsheet Gov is the only work execution platform listed in the FedRAMP marketplace for federal agencies and government contractors.
Zoho:
Where Did the Time Go?  How to Ensure Working Hours are Properly Accounted for  —  “Time is the most valuable thing a man can spend,” said Greek philosopher Theophrastus.  Unfortunately, not everyone got this premodern memo …
Chromebook:
If you're over the old way of doing things  —  With Family Link on Chromebook, parents have a new, easy way to set digital ground rules and help children create healthy online habits.
Techmeme Leaderboards:
Find out who the top reporters are in 40 different tech categories  —  Who are the most influential writers on topics like AI, VR, IoT, or e-commerce?  We've analyzed Techmeme's news crawl data to find out.

Listen to Techmeme's Podcast:

Techmeme Ride Home: Mon. 03/18 - MySpace Loses All Your Stuff From 2005 Subscribe via Apple Podcasts, Google Play, or RSS.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 10:45 PM ET, May 2, 2018.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

Earlier Picks

Wall Street Journal:
Jessica Toonkel / Reuters:
Sara Fischer / Axios:
Ingrid Lunden / TechCrunch: