September 27, 2018, 10:45 AM

Top News

Kashmir Hill / Gizmodo:
Study: Facebook lets ads target your account using info given for security purposes, like your phone number, as well as info from your friends' address books  —  Last week, I ran an ad on Facebook that was targeted at a computer science professor named Alan Mislove.
Amazon US Day One Blog:
Amazon announces Amazon 4-star, a physical store that only sells items rated four stars and above with discounts for Prime members, with the first in NYC  —  Peek inside our newest store, inspired by our customers.  —  Tomorrow, we're opening Amazon 4-star, a new physical store where everything …
Lucas Matney / TechCrunch:
Oculus announces the standalone Oculus Quest, shipping next spring for $399 with touch controllers and 50+ games at launch  —  Opening up the Oculus Connect 5 keynote with some announcements, Facebook CEO Mark Zuckerberg announced that its newest headset, called Oculus Quest …
David Marcus / Facebook:
David Marcus responds to Brian Acton's interview, defending Zuckerberg and his protection of WhatsApp within Facebook, says Acton's attack was “low-class”  —  [Disclaimer: no one at Facebook asked me to post this.  I just had to do it.  And these are my personal views exclusively.]
Crypto mining company Bitmain files for Hong Kong IPO; draft filing shows $2.8B in revenue as of June 30 and $422.05M raised in funding round that ended Aug. 7  —  Bitmain, the Beijing-based cryptocurrency mining giant, has officially filed an application to go public on the Hong Kong Stock Exchange (HKEX).
David Stringer / Bloomberg:
Unnamed Australian teenager sentenced to eight months probation for breaching Apple's systems; investigators recovered 1TB of sensitive info copied from Apple  —  - Youth found accessing Apple networks addictive, court hears  — Customers' data wasn't compromised by the attacks, Apple says
SoftBank's Vision Fund has already committed $65B; Masayoshi Son says that he plans to raise a new $100B fund every two or three years and spend ~$50B per year  —  The Japanese dealmaker says he'll raise a new $100 billion fund every few years.  Silicon Valley's disruptors are struggling to keep up.
Bryan Menegus / Gizmodo:
Amazon's anti-union tactics revealed in leaked 45-minute video that it sent to team leaders at Whole Foods; Amazon says Gizmodo “cherry-picked soundbites”  —  Amazon, the country's second-largest employer, has so far remained immune to any attempts by U.S. workers to form a union.
Connie Loizos / TechCrunch:
Home-flipping startup Opendoor raises $400M from SoftBank's Vision Fund, source says at a $2B+ valuation  —  It's official.  Two weeks ago, we reported that Opendoor — the four year-old, San Francisco-based company aiming to make it possible to buy and sell residential real estate …
Amir Efrati / The Information:
Sources: Lyft's revenue more than doubled in the first half of 2018 to $909M but its net loss grew 46% to $373M  —  Lyft appears to be getting better at controlling its costs.  —  The ride-hailing firm more than doubled revenue to $909 million in the first half of 2018 compared with a year earlier …
Kate Rooney / CNBC:
Leaders from the cryptocurrency industry, Wall Street, and venture capital firms ask Congress for clearer regulations amid fears of innovation heading overseas  —  - Leaders from the cryptocurrency industry, Wall Street and venture capital firms met lawmakers in Washington Tuesday …
Austin Carr / Bloomberg:
Iowa's attorney general says Uber will pay $148M to settle claims from all 50 states related to its 2016 data breach that exposed info of 25M+ US users  —  Uber Technologies Inc. will pay $148 million to settle claims related to a large-scale data breach that exposed the personal information …
Ashlee Vance / Bloomberg:
Stripe CEO Patrick Collison says the company has raised $245M at a $20B valuation, up from $9B in November 2016  —  The famed Silicon Valley venture capitalist Reid Hoffman often says that his biggest investing whiff was passing on Stripe Inc. As each year ticks by, it's becoming easier …
Steve Blank:
A look at how the Apple Watch is poised to disrupt the highly regulated healthcare industry and what diagnostics and screening apps Apple may add in the future  —  I don't own an Apple Watch.  I do have a Fitbit.  But the Apple Watch 4 announcement intrigued me in a way no other product has since the original IPhone.

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Earlier Picks

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Nikhilesh De / CoinDesk: