Techmeme
April 25, 2019, 9:25 PM

Top News

New York Times:
Sources: as it weighs constraints for Facebook, the FTC has discussed stronger monitoring of Facebook's privacy practices and direct punishment of Zuckerberg  —  Regulators on four continents are preparing for a long-awaited showdown with Facebook, after years of disinterest and half-steps.
Mike Isaac / New York Times:
New York State Attorney General announces investigation into Facebook's unauthorized collection of more than 1.5M users' email address books  —  SAN FRANCISCO — The New York State attorney general's office plans to open an investigation into Facebook's unauthorized collection …
Tony Romm / Washington Post:
Canadian privacy regulator finds that Facebook committed serious breaches of local privacy laws due to its mishandling of users' personal info  —  Canadian regulators on Thursday found that Facebook committed “serious” breaches of local laws over its mishandling of users' personal information …
Frank Chaparro / The Block:
NY State AG sues Bitfinex for allegedly using Tether reserve funds to cover withdrawals, after the loss or theft of ~$851M from Bitfinex's payments processor  —  The New York State Attorney General (NYSAG) is suing Bitfinex, the cryptocurrency exchange, and affiliated firm Tether, the company behind the stablecoin of the same name.
Motherboard:
Sources: at a Twitter all-hands, a staffer said it doesn't block white supremacist content as aggressively as ISIS since algorithms may ban some GOP politicians  —  A Twitter employee who works on machine learning believes that a proactive, algorithmic solution to white supremacy would also catch Republican politicians.
Tony Romm / Washington Post:
Shannon Liao / The Verge:
Amazon says it's working to offer free one-day shipping as the default for Prime customers but that it will take “a significant amount of time to achieve”  —  Amazon revealed today that it's working to offer free one-day shipping as the default for Amazon Prime customers …
Amazon:
Amazon reports Q1 revenue of $59.7B, up 17% YoY, operating income of $4.4B, up from $1.9B in Q1 2018, and net income of $3.6B, up from $1.6B in Q1 2018  —  Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its first quarter ended March 31, 2019.
Emil Protalinski / VentureBeat:
Dieter Bohn / The Verge:
iFixit says it has removed its Samsung Galaxy Fold teardown at Samsung's request through a “trusted partner” who supplied iFixit with the phone  —  The drama is unfolding with increasing strangeness  —  What in the world is going on over at Samsung in the wake of the Galaxy Fold delay?
Bloomberg:
Sources: Uber is planning IPO price range of about $44-$50 a share, which could value the ride-hailing company at $80B-$90B; Uber was last valued at about $76B  —  - Ride-hailing company planning price range of $44 to $50/shr  — Uber could seek to raise about $8 billion to $10 billion
Dean Takahashi / VentureBeat:
Intel slightly beats with Q1 revenue of $16.1B, flat YoY, “data-centric” revenue down 5% YoY, and PC revenue up 4% YoY; stock down 7%+ after hours  —  Intel slightly beat Wall Street's expectations for the first quarter as the company reported earnings of 17 cents a share on revenue of $16.1 billion.
Eddie O'Neil / Facebook Developers:
Facebook says it will no longer permit apps with minimal utility, such as personality quizzes, and will expire user permissions not used or accessed in 90 days  —  As part of our ongoing commitments to privacy and security, we are making updates to our platform.
Ashley Carman / The Verge:
After Luminary admits using links that hide some podcast listener data, popular creators like Ben Thompson, Owen Williams, Federico Viticci pull their podcasts  —  It hid listener data from creators, which they need to make their shows  —  Major creators are continuing to remove their shows from Luminary …
Eli Blumenthal / CNET:
Verizon begins preorders for Samsung Galaxy S10 5G starting at $1,300 and names 20 cities that will get 5G in 2019  —  Verizon's 5G rollout is spreading to more markets.  And with the expansion comes the launch of Samsung's Galaxy S10 5G.  —  On Thursday, the largest wireless carrier …
Tom Warren / The Verge:
Microsoft briefly passed a market cap of $1T, the third US company to do so after Apple and Amazon  —  Strong earnings push Microsoft toward a new milestone  —  Microsoft has become the third US company to pass a market cap of $1 trillion.  The software giant passed the milestone after a jump …
Colin Lecher / The Verge:
Leaked documents show how Amazon automatically tracks and terminates warehouse workers for failing to meet productivity quotas  —  Amazon's fulfillment centers are the engine of the company — massive warehouses where workers track, pack, sort, and shuffle each order before sending it on its way to the buyer's door.
Andrew Leonard / OneZero:
As AWS launches more services based on open source projects, some devs say AWS poses an existential threat by lifting others' work and renting access to it  —  Community leaders say AWS increasingly poses an existential threat  —  March 11, a Vice President at Amazon Web Services …

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