Techmeme
August 10, 2018, 5:10 PM

Top News

Nikhilesh De / CoinDesk:
Facebook's David Marcus is stepping down from Coinbase board citing his new assignment to lead the social media giant's blockchain strategy  —  David Marcus is stepping down from the board of directors at cryptocurrency exchange Coinbase, citing his new assignment at Facebook leading the social media giant's blockchain strategy.
John Gruber / Daring Fireball:
Doug Field, former SVP of engineering at Tesla, returns to Apple, sources say to work in Bob Mansfield's project Titan group  —  Here's some interesting hiring news I've heard through the little birdie grapevine:1 Doug Field — who left Tesla in May after overseeing Model 3 production …
Ada Hui / CoinDesk:
Leaked prospectus: Bitmain to file for up to $18B Hong Kong IPO at $40B-$50B valuation in Sept., had $2B in revenues in Q1 and forecasts $2B+ in profits in 2018  —  Bitmain Technologies, Ltd. is about to go public.  —  According to documents obtained by CoinDesk, the cryptocurrency mining company …
Kevin Roose / New York Times:
Sources describe how Mark Zuckerberg arrived at the decision to take down Infowars, finally making up his mind after seeing news of Apple's removal of podcasts  —  Late on Sunday, after returning to his hotel room on a trip away from home, Mark Zuckerberg made a decision he had hoped to avoid.
Oliver Darcy / CNNMoney:
Munsif Vengattil / Reuters:
Facebook changes authorization process for users who manage Pages with a large US following, requiring them to use 2FA and confirm their primary location  —  (Reuters) - Facebook Inc (FB.O) will introduce an authorization process for users who manage Facebook pages with a large U.S. following …
Nat Levy / GeekWire:
SEC filing: mobile marketplace OfferUp is raising a $150M round and has already raised $39M of it  —  OfferUp is raising a huge round of funding as the mobile marketplace continues to grow and battle a crowded field of competitors.  —  According to a filing with the U.S. Securities …
Todd Spangler / Variety:
Regulatory filings show that Hulu lost about $357M in Q2 due to higher programming and marketing costs; parent companies to invest an additional $1.5B in 2018  —  Parent companies to invest additional $1.5 billion in streaming venture in 2018  —  Hulu's cash burn has accelerated …
Sarah Perez / TechCrunch:
Twitch says it will close its Communities and will implement a tagging system in September to help users better find streams  —  Say goodbye to Twitch's Communities.  The game streaming service says it's soon killing off this still relatively new addition to its site in favor of implementing a tagging system instead.

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Earlier Picks

Ali Breland / The Hill:
Chaim Gartenberg / The Verge:
Chris Welch / The Verge: