Techmeme
December 15, 2018, 11:25 PM

Top News

Julie Verhage / Bloomberg:
Robinhood deletes tweets about launching checking and savings accounts, scrubs the page from its website, and now calls the offering a “cash management” program  —  After a backlash around the marketing of its newest product, Robinhood Financial LLC has rebranded the service …
Julie Verhage / Bloomberg:
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 …
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
Brian Merchant / Gizmodo:
The recklessness of Uber and Tesla in their development of autonomous cars risks alienating a public already wary of self-driving vehicles  —  Autonomous vehicles were supposed to make driving safer, and they may yet—some of the more optimistic research indicates self-driving cars could save tens …
Tweets: @nigelcameron
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 …
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
Jon Russell / TechCrunch:
Lucy Peng, an original Alibaba co-founder, steps down as CEO of Lazada after 9 months, will be replaced by Lazada's Executive President Pierre Poignant  —  Alibaba has reshuffled the leadership at Lazada, its e-commerce firm in Southeast Asia, after CEO Lucy Peng — an original Alibaba co-founder …

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