Techmeme
November 21, 2018, 3:30 PM

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 …
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
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 NewsThanks:@sohear

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