Techmeme
February 28, 2019, 11:00 AM

Top News

Roland Li / San Francisco Chronicle:
In a letter to a CA agency, Apple confirms that 190 employees, including 124 engineers, will be laid off from its self-driving car division on April 16  —  Apple will lay off 190 employees in Santa Clara and Sunnyvale in its self-driving car division, the company said.
Thomas Brewster / Forbes:
Equipment from Cellebrite, popular with law enforcement for hacking into iOS/Android devices, is selling for $100-$1,000 on eBay; new units usually cost $6,000  —  When eBay merchant Mr. Balaj was looking through a pile of hi-fi junk at an auction in the U.K., he came across an odd-looking device.
Sarah Perez / TechCrunch:
FTC settles with Musical.ly, now TikTok, for $5.7M, over the app's violation of US child privacy laws; TikTok's app updates with a new UX for users under 13  —  A significant FTC ruling issued today will see video app TikTok fined $5.7 million for violating U.S. children's privacy laws …
Chris Velazco / Engadget:
Motorola confirms it is working on a foldable smartphone; it will likely be a revival of the Razr brand that will launch this summer  —  By now, it's not much of a secret that Motorola is working on a folding phone of its own: A patent for such a device surfaced late last year …
The Seattle Times:
Though Seattle repealed its “head tax”, Amazon says it won't use the 722K sq. ft. in Rainier Square tower it had leased, which would have housed up to 5K staff  —  The lease was one of the biggest in Seattle history — enough space to hold at least 3,500 employees and perhaps up to 5,000.
Connie Loizos / TechCrunch:
Figure, which uses blockchain tech to provide home equity loans, raises $65M; founded over a year ago by ex-SoFi CEO Mike Cagney, Figure has raised $120M total  —  Figure, a 13-month-old, San Francisco-based company that says it uses blockchain technology to provide home equity loans online …
Larry Dignan / ZDNet:
RightScale 2019 State of the Cloud survey of enterprises and SMBs: Azure adoption grew from 45% to 52%, reaching 85% of AWS adoption, up from 70% last year  —  The RightScale 2019 State of the Cloud Report from Flexera highlights how enterprises are spending more on cloud computing …
Catalin Cimpanu / ZDNet:
Coinhive, an in-browser Monero miner known for cryptojacking, says it will shut down on March 8, citing the crypto crash and a recent Monero hard fork  —  Coinhive wanted to be an alternative to classic banner ads but it became malware after constant abuse.
Bloomberg:
Chinese used-car trading platform Chehaoduo Group is raising $1.5B from SoftBank Vision Fund at a $9B+ valuation  —  - The investment valued Chehaoduo Group at over $9 billion  — The startup intends to spend the money on technology and AI  —  SoftBank Vision Fund is investing $1.5 billion …
More: FinSMEs and TechCrunch
Kate Rooney / CNBC:
Square reports Q4 adjusted revenue of $464M, up 64% YoY, 15M Cash App MAUs in Dec. 2018, up from 7M YoY, issues weak Q1 guidance; stock down 6%+ after hours  —  - Payment company Square reported fourth-quarter results that beat analysts' expectations for earnings and revenue on Wednesday.
Kyle Wiggers / VentureBeat:
Paris-based Mirakl, which provides an API-backed ecommerce marketplace for B2C and B2B verticals, raises $70M Series C led by Bain Capital  —  Mirakl, a Paris-based software company that develops ecommerce solutions for corporate and retail clients, isn't shy about throwing its weight around …
More: TechCrunch and FinSMEs
Chaim Gartenberg / The Verge:
Amazon announces Project Zero, an invite-only program to let brands autonomously flag and remove counterfeit listings of their products from Amazon  —  Amazon wants to cut down on fake listings  —  Amazon announced a new initiative today called Project Zero, a new effort that the online retailer …

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Earlier Picks

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