Techmeme
April 26, 2019, 5:20 PM

Top News

Lauren Feiner / CNBC:
Slack files for an IPO via direct listing, reports loss of $138M on $400M revenue for FY 2019 ending Jan. 31, compared to $140M loss and $220M revenue for 2018  —  - Slack follows several tech companies that have already debuted on the public market in 2019, including Lyft, PagerDuty, Pinterest and Zoom.
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.
Matt Levine / Bloomberg:
How Bitfinex lost access to $850M it held with the shady Panama-based payments processor Crypto Capital and tried to cover the loss by borrowing from Tether  —  Also Uber, Slack and mortgage settlements.  —  Matt Levine is a Bloomberg Opinion columnist covering finance.
Wall Street Journal:
Sources: starting last summer, Apple held talks with Intel about acquiring parts of the smartphone-modem chip business, but talks halted recently  —  Talks have cooled and Intel plans to seek out other buyers  —  Apple Inc. held talks with Intel Corp. about acquiring parts …
Chaim Gartenberg / The Verge:
Dean Takahashi / VentureBeat:
Josh Constine / TechCrunch:
In a chat with the historian Yuval Noah Harari, Zuckerberg says Facebook will not comply with the laws of authoritarian countries requiring local data centers  —  If free nations demand companies store data locally, it legitimizes that practice for authoritarian nations which can then steal …
Justin Elliott / ProPublica:
Intuit is deliberately preventing TurboTax's free tax filing website from showing up in Google's and other search engines' results  —  The makers of TurboTax as well as H&R Block promised the IRS to offer free filing for many Americans.  But they're keeping Google from seeing it.
Tripp Mickle / Wall Street Journal:
Sources: Three veteran designers from Apple's industrial design team are leaving as the famously close-knit team under Jony Ive undergoes a series of changes  —  Three designers will have recently left the prestigious, two-dozen member team responsible for the iPhone's design
New York Times:
Mike Isaac / New York Times:
Craig Silverman / BuzzFeed News:
Google removed 46 Android apps from Chinese developer DO Global that were committing large-scale ad fraud; source says Google is moving to ban DO Global overall  —  Google has begun the mass removal of apps from a major Chinese Android developer following a BuzzFeed News investigation …
Raymond Zhong / New York Times:
Huawei tried to explain its ownership structure after a report accused it of being misleading about the matter, but questions remain  —  SHENZHEN, China — For one of the world's largest technology companies, it should be a simple question:  —  Who owns Huawei?
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?
Dan Primack / Axios:
Uber sets IPO price range of $44 to $50 per share, plans to raise up to $10.35B at a valuation of up to ~$84B  —  Uber on Friday morning disclosed that it plans to raise upwards of $10.35 billion in its IPO, at a market cap that could approach $84 billion.  — The ride-hail giant …
Mark Wilson / Fast Company:
A free Chrome extension from Gmail's former lead designer cuts out the visual noise and extraneous UI elements for a simple and clean interface  —  Michael Leggett is even more annoyed with Gmail than you are.  —  “It's like Lucky Charms got spewed all over the screen,” he says to me, as he scrolls through his inbox.

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