August 23, 2018, 10:10 AM

Top News

Raymond Zhong / New York Times:
Australia bans Huawei and ZTE from providing 5G equipment to support the country's new telecom networks, citing risks of foreign interference and hacking  —  BEIJING — The fog of cyberespionage concerns surrounding Huawei has for years kept the Chinese technology giant largely out of the United States.
Ari Levy / CNBC:
Apple pulls Facebook's Onavo VPN app from the App Store, says that apps should not collect information about other installed apps for the purposes of analytics  —  - Facebook acquired Israeli security app developer Onavo in 2013 and has used it to offer consumers access to a virtual private network.
Alex Stamos / Lawfare:
Alex Stamos, former Facebook CSO, says 2016 failures still weigh on him, warns US elections risk becoming “World Cup of information war” without better security  —  In the swirl of news this week, it would be easy to miss recent announcements from two of America's largest …
Jez Corden / Windows Central:
Sources: Microsoft to unveil “Xbox All Access”, a contract-based US monthly subscription offering an Xbox One, Xbox Live, and Xbox Game Pass, later this month  —  We've heard Microsoft is soon planning to debut a new contract-based monthly subscription service dubbed “Xbox All Access …
Source: autonomous driving startup Zoox, valued at $3.2B, dismisses CEO and co-founder Tim Kentley-Klay, names co-founder and CTO Jesse Levinson president  —  - Co-founder Jesse Levinson will become company president  — Zoox just raised $500 million, at a $3.2 billion valuation
Ime Archibong / Facebook:
Facebook says it has suspended 400+ apps since launching investigation into app data use, including myPersonality, which may have misused data of 4M+ users  —  Today we banned myPersonality — an app that was mainly active prior to 2012 — from Facebook for failing to agree to our request …
Peter Kafka / Recode:
Dan Rose, Facebook's VP of partnerships who led deals such as its Instagram buy, leaving in Feb.; sources: Facebook has likely identified replacement internally  —  It's the second big-deal Facebook departure this summer.  —  Dan Rose, a top Facebook executive who oversaw …
Kirsten Korosec / TechCrunch:
Mobile data-driven car insurance startup Root Insurance raises $100M Series D led by Tiger Global Management, at a $1B valuation  —  Root Insurance, an Ohio-based car insurance startup with a tech twist, said Wednesday it has raised $100 million in a Series D funding round led of Tiger Global Management …
SEC rejects nine bitcoin-backed ETF proposals from ProShares, Direxion, and GraniteShares, weeks after rejecting a proposal from the Winklevoss twins  —  The Securities and Exchange Commission (SEC) has issued rejections to bitcoin exchange-traded fund (ETFs) proposals from both ProShares and Direxion.

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Sarah Frier / Bloomberg: