Techmeme
November 19, 2018, 12:55 PM

Top News

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
Jon Porter / The Verge:
Tim Cook says some government regulation over Silicon Valley is inevitable, defends deal to make Google Apple's default 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 …
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
Kyle Wiggers / VentureBeat:
Lightricks, creator of Facetune and Enlight apps, raises $60M, and says Enlight Pixaloop, which launched in September, now has 6M users and 200,000 subscribers  —  The mobile app market is on the upswing, according to research firms like App Annie.  Global downloads grew an estimated 15 percent …
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.
Edmund Lee / New York Times:
BuzzFeed CEO Jonah Peretti suggests the site could eventually merge with rival publishers to negotiate better terms with companies like Facebook and Google  —  Jonah Peretti, the chief executive, says his company could eventually merge with other online publishers in order to negotiate better terms with tech platforms like Facebook.
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.
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
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: PE Hub Blog, Tech.eu, and VentureBeatThanks:@sohear

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