Techmeme
May 3, 2019, 4:05 PM

Top News

Mike Dudas / The Block:
Report: Facebook seeks ~$1B from financial firms and e-commerce sites to back its stablecoin as it readies its payments network and rewards system for users  —  - Facebook is planning to launch a full payments network (rather than just remittances) and in discussions with payment networks Visa …
Mike Isaac / New York Times:
A look at Dara Khosrowshahi's tenure as Uber prepares to go public; source: CEO decided Travis Kalanick isn't welcome on the NYSE balcony for next week's IPO  —  The C.E.O. wants to prove that the start-up has evolved past a raucous, and profligate, tech-bro culture.  But Uber's past is simply not that far gone.
Jason Del Rey / Vox:
An oral history of Amazon Prime, the internet's most successful membership program with 100M+ members worldwide and one of the main reasons behind Amazon's rise  —  An oral history of the subscription service that changed online shopping forever.  —  It's easy to forget now, but Amazon wasn't always the king of online shopping.
Wall Street Journal:
Sources: SoftBank is considering an IPO for its $100B Vision Fund and is negotiating with the sultanate of Oman for an investment of several billion in the fund  —  Vision Fund staff hustles to keep up with frantic pace of deal making by CEO Masayoshi Son  —  SoftBank Group Corp …
David Singleton / Stripe Blog:
Stripe says its fifth engineering hub will be remote, to situate product development closer to customers, and it will hire 100+ remote engineers in 2019  —  Stripe has engineering hubs in San Francisco, Seattle, Dublin, and Singapore.  We are establishing a fifth hub that is less traditional but no less important: Remote.
Tony Romm / Washington Post:
Sources: Facebook told FTC it's ready for more privacy oversight like quarterly privacy safeguards reports approved by CEO, review of new products before launch  —  The concessions could accompany a multi-billion dollar fine from the Federal Trade Commission, which opened its probe last year.
Frederic Lardinois / TechCrunch:
Microsoft launches Azure Blockchain Service, a fully managed service meant to help businesses build applications on top of blockchain technology  —  Microsoft didn't rush to bring blockchain technology to its Azure cloud computing platform, but over the course of the last year …
Mary Jo Foley / ZDNet:
Todd Spangler / Variety:
YouTube says it will make all of its original content free this fall in a strategy that its CBO says is in opposition to what other media companies are doing  —  - YouTube Renews Kevin Hart Comedy Series, Sets Maluma and Paris Hilton Documentaries, Lollapalooza Live-Streaming Deal
Catalin Cimpanu / ZDNet:
Dark web marketplace Wall Street Market, whose admins exit-scammed users of $14.2M+ in cryptocurrency, seized by German police and other international agencies  —  Wall Street Market seized by law enforcement agencies from Germany, the US, the Netherlands, and Romania.
Paris Martineau / Wired:
Online extremism researchers face a similar toll on their mental health as content moderators, but, without anonymity, their work leaves them open to harassment  —  A COUPLE OF hours after the Christchurch massacre, I was on the phone with Whitney Phillips, a Syracuse professor whose research focuses …

Sponsor Posts

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Ingram Micro:
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Intel:
The field of opportunity for AI is immense—does your CPU have AI Inside?  —  Here are three questions every technology buyer should be asking of their AI tech supplier.

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