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December 15, 2018, 9:45 AM
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Top News

Nick Statt / The Verge:
Report: Facebook renamed Building 8, its hardware skunkworks lab, to Portal after the device launched, moved more experimental projects to Facebook Reality Labs  —  The hardware group is now focused on Portal and other projects, while far-off ideas are part of Reality Labs
Josh Constine / TechCrunch:
Facebook says that between Sept. 13 and Sept. 25 a photo API bug gave user-approved apps access to photos that were uploaded but never shared by ~6.8M users  —  Reset the “days since the last Facebook privacy scandal” counter, as a Facebook has just revealed a Photo API bug gave app developers …
Reuters:
Sources: T-Mobile and Sprint expect prompt merger approval from CFIUS after SoftBank, Deutsche Telekom agree to consider curbing the use of Huawei's equipment  —  WASHINGTON/NEW YORK (Reuters) - T-Mobile US Inc and Sprint Corp expect their merger to be approved by a U.S. national security panel …
Jeff Grubb / VentureBeat:
Discord says its PC game store will offer a 90/10 revenue split when it opens for all game developers in 2019  —  The video game industry is witnessing the death of the standard revenue split for distribution platforms.  For years, stores like Steam have taken 30 percent of every sale.
Forbes:
GE to spin out its industrial IoT software business into a separate company with $1.2B in revenue, sell 90% of ServiceMax to Silver Lake for an undisclosed sum  —  By Nigel Fenwick, Vice President, Principal Analyst; Frank Gillett, Vice President, Principal Analyst; Michele Pelino, Principal Analyst; Paul Miller, Senior Analyst
Julie Verhage / Bloomberg:
SIPC, which insures funds in brokerage accounts, disputes Robinhood's claims that money in newly launched checking and savings accounts is protected by the SIPC  —  The Securities Investor Protection Corp. said a new checking account from Robinhood Financial LLC raises red flags …
Aisha Hassan / Quartz:
Profile of MindGeek, which owns 9 of the top 15 porn sites worldwide, has 125M visits per day, and whose bandwidth use exceeds that of Facebook or Amazon  —  The biggest and perhaps best source of data about what people like to watch on the internet and what they would pay for doesn't come …
More: Pornhub
Timothy McLaughlin / Wired:
How WhatsApp fuels fake news and violence in India, where a police officer says people can live without oxygen, “but without WhatsApp they will die”  —  BY THE TIME police arrived in the hamlet of Rainpada on July 1, 2018, the village council office was the scene of a massacre.

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From Mediagazer

Todd Spangler / Variety:
Filing: Warner Bros. Discovery CEO David Zaslav's 2023 compensation package was worth $49.7M, up 26.5% from the year prior, with $23.1M in stock awards

Ruth La Ferla / New York Times:
Graydon Carter opens a physical store called Air Mail Newsstand in NYC, as an extension of his digital newsletter Air Mail, selling books, magazines, and more

Andrew Beaujon / Washingtonian:
Interviews with over a dozen current and former WAMU staffers and contractors show management's contradictory, unclear messaging about its closure of DCist

More News

Romain Dillet / TechCrunch:
Revolut gets a European banking license via the Bank of Lithuania, which allows it to offer services like current accounts and non-prepaid debit cards across EU

Earlier Picks

Nick Statt / The Verge:
Facebook adds a custom-built browser and support for its Instant Games platform to its Portal devices
Eduard Kovacs / SecurityWeek:
Italian energy company Saipem was hit by a new variant of the notorious Shamoon disk-wiping malware, which attacked Saudi Arabian oil giant Aramco in 2012
Bloomberg:
In a court filing, Apple argues that China's ban on the sale of some iPhones, which it is appealing, would force it to settle its licensing battle with Qualcomm
Adi Robertson / The Verge:
Spammers are emailing businesses, schools, and other locations in the US, Canada, and New Zealand, demanding bitcoin as ransom to not detonate a supposed bomb
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