Techmeme
October 5, 2018, 11:25 AM

Top News

Apple:
Apple says it has never found malicious chips in its servers, calls Bloomberg reporters' claims unsubstantiated and untrue, says it is not under a gag order  —  The October 8, 2018 issue of Bloomberg Businessweek incorrectly reports that Apple found “malicious chips” in servers on its network in 2015.
Bloomberg:
Bloomberg:
Joe Rossignol / MacRumors:
Leaked documents show Macs with T2 chips must pass Apple diagnostics, which is limited to internal use by Apple, or be rendered nonfunctional after repair  —  Due to advanced security features of the Apple T2 chip, iMac Pro and 2018 MacBook Pro models must pass Apple diagnostics for certain repairs …
Mike Isaac / New York Times:
Sources describe the internal turmoil at Facebook following Joel Kaplan's appearance in support of Brett Kavanaugh during his testimony to Congress last week  —  SAN FRANCISCO — “I want to apologize,” the Facebook executive wrote last Friday in a note to staff.
Laura Hazard Owen / Nieman Lab:
Study: 80%+ of the Twitter accounts that spread false info during 2016 election are still active, continue to push more than a million tweets per day  —  Enough with the “whack-a-mole” claims that as soon as you ban one fake news site, another one pops up: A report released by Knight …
Steven Musil / CNET:
Samsung forecasts record Q3 operating profit of ~$15.8B, up 20% YoY, and revenue of ~$57.3B, up 5% YoY, on continued strong demand for its memory chips  —  Samsung really appears to be cashing in chips.  —  The South Korea electronics giant said Thursday it expects to record …
Alex Heath / Cheddar:
In a 15-page internal memo sent in late September, Snap CEO Evan Spiegel sets a goal of reaching full-year profitability in 2019, admits redesign was rushed  —  CEO Evan Spiegel has given Snap Inc. the directive of achieving full-year profitability in 2019 and has refocused the company around …
Josh Constine / TechCrunch:
Screenshots suggest Instagram is testing a Location History feature that would share users' location with Facebook for targeted ads and content recommendations  —  This is sure to exacerbate fears that Facebook will further exploit Instagram now that its founders have resigned.
Jon Porter / The Verge:
Instagram begins rolling out Nametag, which displays usernames in a format that can easily be scanned by others  —  It's also testing School Community bios at some US universities  —  Instagram is rolling out a new way to quickly follow people you've met in real life.
Kara Swisher / New York Times:
A look at the Internet Bill of Rights, framed by a Democrat on request by Nancy Pelosi, for how tech and telecom companies should treat Americans online  —  If Democrats win back the House, they promise to start regulating Silicon Valley.  —  Ms. Swisher covers technology and is a contributing opinion writer.
Kif Leswing / Business Insider:
Facebook has quietly launched its Facebook Lite app, previously available only on Android, on iOS in Turkey  —  - Facebook makes a “lite” version of its app for Android phones that uses less data and battery life and is a smaller download.  — A version for iPhones appears to have quietly launched in Turkey.
More: 9to5MacThanks:@kifleswing
Peter Rudegeair / Wall Street Journal:
Brex, which provides corporate credit cards to other tech startups, raises $125M Series C led by DST Global and Greenoaks, at a valuation of $1.1B  —  Payments companies are hot, but none are hotter than Brex  —  Henrique Dubugras, a 21-year-old Stanford freshman and entrepreneur …
Thanks:@rafie517
Alex Marshall / New York Times:
The National Theatre in London is offering “smart caption glasses” that display live subtitles synchronized by software and transmitted over Wi-Fi  —  LONDON — If you have hearing difficulties, the idea of spending hours watching a play may not be that attractive given the risk of key dialogue slipping from your grasp.
Jason D. Rowley / Crunchbase News:
Crunchbase News Q3 2018 Global VC Report: at the end of Q3, 2018's venture funding totals have already surpassed 2017's, up 41.1% YoY  —  In Q3 2018, the global venture capital market carried on Q2's lampshade-on-head levels of litness.  —  Crunchbase News reports that, in the third quarter …
Financial Times:
Alibaba and JD.com earning money from prescription drugs via loophole allowing sellers to have them paid on delivery, classifying the transactions as “offline”  —  Tens of thousands of prescription drugs are freely available on the websites of two of China's largest ecommerce companies …

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