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September 2, 2018, 8:50 PM
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| Gabriel Wildau / Financial Times: |
Bike-sharing startup Ofo is being sued by its Chinese bicycle supplier for $10M in unpaid bills; source says Ofo is burning through about $25M a month — A Shanghai-listed bicycle manufacturer has sued Ofo, the bike-sharing start-up backed by Alibaba, for $10m in unpaid bills …
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The Verge
| Kerry Flynn / Digiday: |
How Timehop, running out of money, ditched programmatic ad partners, built its own ad server, boosted CPMs from $2 to $14, and increased revenues 10x YoY — Timehop had three months of runway in the bank when it decided its current advertising solution wasn't going to cut it.
Tweets: @digiday, @rickwebb, @isaackrasny, @bryce, @codinghorror, @digiday, @mdudas, and @digiday
| Ben Fox Rubin / CNET: |
Amazon says Alexa now comes integrated with over 20,000 devices from 3,500 brands, up from the 4,000 devices from 1,200 brands in January — Amazon executive Daniel Rausch stood onstage before a crowd of hundreds at Berlin's IFA tech show to share a few big numbers about Alexa.| Connie Loizos / TechCrunch: |
YC founder Paul Graham dispenses new advice in interview: why college-age founders are too young, how competition only killed 1 out of 1,900 YC startups, more — Yesterday, as part of some of its newest programming for startup founders, the startup incubator Y Combinator posted a new interview …
Tweets: @aparanjape and @garrytan
| Wall Street Journal: |
Google starts purging ads by scammers masquerading as authorized service agents for companies like Apple after a WSJ inquiry — Wall Street Journal investigation finds fraudsters use Google search ads to masquerade as authorized service agents for companies such as Apple| Brian Ellsworth / Reuters: |
A week after pegging its money, pensions, and salaries to Petro cryptocurrency, Venezuela still fails to show proof that anyone is using Petro for transactions — ATAPIRIRE, Venezuela (Reuters) - To hear Venezuela's leftist President Nicolas Maduro tell it, this remote hamlet of 1,300 souls … | Ashley Carman / The Verge: |
Twitter's director of product management tweets pics of changes being weighed to make Twitter more “conversational”: improved reply threads, status indicators — No thanks — Sara Haider, Twitter's director of product management, tweeted a couple screenshots today showing off changes …
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9to5Mac, Engadget, CNET, MSPoweruser, TechCrunch, SlashGear, Social Media Today, Firstpost, Search Engine Journal, iPhone Hacks, and Mehedi Hassan
Tweets: @jack, @pandemona, @ericgarland, @nishweiseth, @aardvarkwizard, @markoneinfour, @martinsfp, @drskyskull, @bruce_arthur, @shannoncoulter, @mgsiegler, @ashleyfeinberg, @nellucnhoj, @gregpak, @arnicaxross, @sdkstl, @anthonynoto, @jeffseibert, @whatthebit, @ow, @pandemona, @jordanstaniscia, @tylerhower, @keewa, @ow, and @carnage4life
| Wall Street Journal: |
JD.com founder and CEO Richard Liu arrested in Minnesota on a sexual misconduct allegation, released without bail; police say investigation is ongoing — E-commerce company JD.com says CEO Liu Qiangdong was released after what it says was a false accusation; Minneapolis Police say the case remains open
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TechCrunch, New York Times, The Daily Caller, Reuters, and Engadget
Tweets: @gabewildau and @nytimes
| Kyle Wiggers / VentureBeat: |
Baidu launches EZDL, a platform that lets users build custom machine learning models using a drag-and-drop interface and without writing any code — Without the technical know-how and the right tools, training machine learning algorithms can be an exercise in frustration.
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Analytics Insight
| Joseph Cox / Motherboard: |
Google confirms its Titan Security Keys are made by a Chinese company, but says the firmware ensures security, as security experts call for more transparency — Google's Titan Security Keys, used to lock down accounts, are produced in China. Several experts want more answers on that supply chain process … | Alana Semuels / The Atlantic: |
Fiverr and other freelancing sites have broadened employment opportunities for workers, but endless competition has led to lower wages and little stability — When the whole world is fighting for the same jobs, what happens to workers? — You can buy almost any thing you want online … | Renee DiResta / Wired: |
As politicians accuse search and social media firms of censorship, the real focus should be on opaque algorithms and reckless amplification of harmful content — THE ALGORITHMS THAT govern how we find information online are once again in the news—but you have to squint to find them.
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New York Times and Fast Company
Tweets: @nxthompson, @fbonacci, @antheaeroberts, @daphnehk, @iansherr, @joshbloch, @nytopinion, and @karaswisher
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