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November 21, 2018, 3:35 PM
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Top News

Seth Fiegerman / CNN:
In an interview, Mark Zuckerberg says he will stay on as Facebook's chairman, defends COO Sheryl Sandberg, reiterates Facebook's potential as a force for good  —  New York (CNN Business)After spending much of this year apologizing for Facebook's many missteps, CEO Mark Zuckerberg was defiant …
Josh Constine / TechCrunch:
In a leaked internal memo, Facebook's outgoing head of public policy, Elliot Schrage, takes responsibility for the hiring of PR firm Definers  —  TechCrunch has attained an internal memo published by Facebook's outgoing head of public policy Elliot Schrage in which he blames himself for hiring PR firm Definers.
Bloomberg:
Facebook says its ad buying system is still experiencing glitches after an outage on Tuesday, which sources say affected major buyers, ahead of Black Friday  —  - Ad-buying system was down earlier for some major users  — Hiccups come as brands prepare campaigns for holiday shopping
Bloomberg:
Leaked memo: Foxconn aims to cut $2.9B from expenses in 2019 and eliminate ~10% of non-technical staff, as it faces “a very difficult and competitive year”  —  Foxconn Technology Group, the biggest assembler of Apple Inc. iPhones, aims to cut 20 billion yuan ($2.9 billion) …
TechCrunch:
Amazon emails an unknown number of customers disclosing a “technical error” that exposed emails and names, but provides few other details  —  Amazon's renowned secrecy encompasses its response to a new security issue, withholding info that could help victims protect themselves.
Wall Street Journal:
Sources: Amazon is working to persuade brick-and-mortar merchants to accept its Amazon Pay digital wallet, starting with gas stations, restaurants, and others  —  Amazon is looking to start by working with gas stations, restaurants and other merchants that aren't its direct competitors
Pranav Dixit / BuzzFeed News:
Sources detail meeting in India between Twitter's Jack Dorsey, Vijaya Gadde, and others, after photo of Dorsey holding sign criticizing caste system goes viral  —  At a round table discussion in New Delhi last week, Twitter's top executives seemed unaware of caste-based abuse taking place …
Steve O'Hear / TechCrunch:
Berlin-based e-scooter rental service Wind Mobility, which operates in various cities in Spain, France, and the US, raises $22M in seed funding  —  Wind Mobility, a Berlin-based mobility startup that offers “dockless” e-scooter (and electric bicycle) rentals, has raised $22 million in seed funding …
More: Crunchbase News.  Thanks:@sohear
Bloomberg:
Sources: PT Tokopedia, Indonesia's largest online marketplace, raises $1B from existing investors including SoftBank, at a ~$7B post-money valuation  —  - Tokopedia is said to raise $1 billion of new funding  — SoftBank and other existing backers said to join round

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 3:35 PM ET, November 21, 2018.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Benjamin Mullin / New York Times:
Arkansas PBS severs ties with the PBS network, the first state public TV system to do so since Congress cut CPB funds, citing the annual $2M+ membership cost

Pamela McClintock / The Hollywood Reporter:
Disney's Zootopia 2 surpasses $1B at the global box office, the fastest PG-rated film to do so after just 17 days in release

Trip Gabriel / New York Times:
R. Bruce Dold, a Pulitzer Prize-winning journalist at the Chicago Tribune, where he became editor-in-chief and publisher, is dead at 70

More News

Aaron Tilley / The Information:
Source: Apple quietly bought Silk Labs, a startup that makes lightweight AI software for consumer hardware, earlier this year; PitchBook: Silk Labs raised ~$4M
Kia Kokalitcheva / Axios:
Design software company Autodesk says it is acquiring PlanGrid, a provider of cloud-based construction software, for $875M

Earlier Picks

Kyle Wiggers / VentureBeat:
Microsoft now supports standards-based FIDO2 security key devices, letting Windows 10 users access their Microsoft Account without entering username or password
Jon Porter / The Verge:
In an updated statement, Tumblr says an audit found child porn images were slipping through detection tools, leading to removal from App Store
Timothy W. Martin / Wall Street Journal:
Sources: Samsung plans to release a variant of the Galaxy S10 next spring that will have six cameras, 5G, and a 6.7" screen
Sean Hollister / The Verge:
Valve is discontinuing its Steam Link hardware, which let users stream games from PCs to other devices like a TV
Kate Rooney / CNBC:
Bitcoin hit its lowest level in more than a year on Monday, falling under $5,000, with the entire cryptocurrency market cap losing roughly $40B in the past week
Kevin Kelleher / Fortune:
The stocks of Amazon, Apple, Facebook, Google, and Netflix have all declined 20% or more in recent months, pushing them into bear market territory
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