Techmeme
November 19, 2018, 9:35 AM

Top News

Deepa Seetharaman / Wall Street Journal:
Sources: this June, Zuckerberg told ~50 execs that Facebook was at war and he'd act more decisively, leading to reorgs, key departures, tension with Sandberg  —  New approach causes turmoil, driving several key executives from the company and creating tensions with longtime Chief Operating Officer Sheryl Sandberg
Jon Porter / The Verge:
Tim Cook says some level of government regulation over Silicon Valley is inevitable, defends Apple's deal for Google's search engine despite privacy concerns  —  ‘I think their search engine is the best’  —  Apple CEO Tim Cook has defended his company's deal with Google …
Wall Street Journal:
Sources: Apple reduced production orders for all new iPhone models in recent weeks; iPhone XR production was slashed by up to one third of the initial 70M  —  In recent weeks, Apple slashed production orders for all three iPhone models that it unveiled in September
Andrew Liptak / The Verge:
Tumblr says it is working to resolve an issue with iOS app after it disappeared from the App Store amid speculation it was removed due to inappropriate content  —  The company says that it's working to resolve ‘an issue’ with the app  —  Tumblr's iOS app is missing from Apple's App Store.
Steve O'Hear / TechCrunch:
Swedish scooter-sharing startup VOI Technology raises $50M Series A led by Balderton Capital with Spencer Rascoff, Justin Mateen, Jeff Wilkes among investors  —  VOI Technology, an e-scooter startup headquartered in Sweden but with pan-European ambitions, has raised $50 million in Series A funding, confirming our earlier scoop.
More: Tech.eu, PE Hub Blog, and VentureBeatThanks:@sohear
Aaron van Wirdum / Bitcoin Magazine:
Bitcoin Cash has forked, with Bitcoin Cash ABC as an apparent early winner, but Bitcoin Cash SV camp is still threatening 51% attacks, spam, and more  —  Bitcoin Cash, the “big block” project that forked away from the Bitcoin blockchain in August 2017, “hard forked” (split) into two different coins …
Kyle Wiggers / VentureBeat:
Hippo, an insurance startup that uses sources like satellite imagery and smart home sensors to simplify signups and policy management, raises $70M Series C  —  U.S. home insurers raked in $95 billion in revenue last year, and according to a recent Jupiter report, so-called insurtech companies …
More: NoCamels and VatorNews
Jim Waterson / The Guardian:
Sam Byford / The Verge:
Xiaomi announces a partnership with Meitu to sell Xiaomi phones under the Chinese selfie app maker's brand, with Meitu “still involved” in camera software  —  Chinese selfie app and smartphone maker Meitu has announced that Xiaomi is effectively taking over its hardware business.
Anna Hensel / VentureBeat:
Wonolo, an online staffing marketplace for underemployed workers, raises $32M Series C, says revenue more than doubled in the past year  —  Wonolo, an app that helps companies find temporary workers and contractors, today announced that it has raised a $32 million round of venture capital, led by Bain's venture capital arm.
Reuters:
JD.com reports Q3 revenues of $15.09B, up 25.1% YoY, but posts $94.7M loss, says it will move its warehouse business into a separate unit to boost income  —  (Reuters) - China's JD.com Inc reported third-quarter revenue on Monday that fell short of analysts' estimates on sluggish sales in its core e-commerce business.

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