Techmeme
April 27, 2019, 11:55 AM

Top News

Julie Verhage / Bloomberg:
Source: E*Trade is preparing to let customers trade cryptocurrencies on its platform starting with Bitcoin and Ethereum, will consider adding other currencies  —  - The brokerage giant will offer Bitcoin and Ethereum trades  — Service will compete with startups like Coinbase and Robinhood
Tom Warren / The Verge:
Sony has told reporters that the next-generation PlayStation won't launch within the next 12 months, says PS4 sales now total 96.98M, up from 86.1M in November  —  The next-gen battle is set for 2020  —  Sony recently revealed that its next-generation PlayStation, we'll call it the PS5, won't be ready for 2019.
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.
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.
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.
Bloomberg:
Two organizers of the Google walkout held a meeting, attended by hundreds of staff, to discuss claims of “systemic” internal retaliation for company criticism  —  Hundreds of Google staffers met on Friday and discussed what activists allege is a frequent consequence of criticizing the company: Retaliation.
Wall Street Journal:
Sources: starting last summer, Apple held talks with Intel about acquiring parts of its 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:
Mary Madden / New York Times:
When low-income people fall victim to an online fraud or a data breach, the cascade of repercussions, both online and offline, can be devastating  —  When someone who is living paycheck to paycheck falls victim to an online fraud or a breach, the cascade of repercussions can be devastating.

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