Techmeme
July 30, 2018, 8:55 PM

Top News

Kirsten Korosec / TechCrunch:
Uber says it will stop development of self-driving trucks and instead focus on self-driving cars; Uber Freight is unaffected by this decision  —  Uber is shuttering its self-driving trucks unit, a beleaguered program borne out of the company's controversial multi-million acquisition of Otto nearly two years ago.
David McCabe / Axios:
Policy paper from Sen. Warner lays out 20 ways to address issues posed by big tech platforms, from putting a price on users' data to mimicking GDPR rules  —  In a policy paper obtained by Axios, Sen. Mark Warner's office laid out 20 different paths to address problems posed by Big Tech platforms …
Lorenzo Franceschi-Bicchierai / Motherboard:
Court docs: CA police have arrested a college student who allegedly was a member of OGUSERS and stole $5M+ worth of cryptocurrency by SIM swapping ~40 people  —  California authorities say a 20-year-old college student *hijacked* more than 40 phone numbers and stole $5 million …
Jordan Crook / TechCrunch:
Twitter finishes its review of proposals for improving the health of discourse on the platform and is working with two academic teams on echo chambers, more  —  Twitter is partnering with two groups of academic researchers to figure out how to measure the health of conversations happening on the platform.
Polina Marinova / Fortune:
Source: Bitmain plans to file for an IPO soon; the company booked $1.1B in net profits in Q1 2018 and is raising new funding that would value it at ~$14B  —  The co-CEO of Bitmain Technologies, the world's largest cryptocurrency mining company, recently revealed plans to conduct …
Bloomberg:
Filing: Samsung's Q2 net income rose to ~$9.8B, up 5.7% YoY but below analysts' estimates of ~$10.4B  —  Samsung Electronics Co.'s net income fell short of analysts' estimates as slowing growth in the global smartphone market hits demand for its Galaxy devices, while Chinese rivals ramp up competition to supply displays.

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