Techmeme
May 9, 2019, 6:35 PM

Top News

Chris Hughes / New York Times:
Facebook co-founder Chris Hughes says Mark Zuckerberg's influence is staggering and that it is time to break up Facebook  —  The last time I saw Mark Zuckerberg  —  was in the summer of 2017, several months before the Cambridge Analytica scandal broke.  We met at Facebook's Menlo Park …
Wall Street Journal:
Uber prices its IPO at $45 per share, near the low end of its expected range, valuing the company at about $82B  —  Ride-hailing company commands a valuation of about $82 billion  —  Uber Technologies Inc. priced its initial public offering at $45 a share, according to people familiar with the matter …
NBC News:
Photo storage app Ever, launched in 2013, now focuses on selling facial recognition tech, trained using 13B+ stored user photos, to others  —  “The app developers were not clear about their intentions,” one Ever user said.  “I believe it's a huge invasion of privacy.”
Natasha Singer / New York Times:
Consumer advocacy groups file a complaint with the FTC accusing Amazon's Echo Dot Kids of collecting children's data without parental consent  —  Amazon barreled into the children's smart-speaker market last year with a brightly colored device called Echo Dot Kids Edition.
Edgar Alvarez / Engadget:
Nike's new app, Nike Fit, will use AR to help find the right sneaker fit, expected to launch in the US in July  —  Nike has been experimenting heavily with augmented reality for a few years now, and the company is continuing to work on new experiences powered by the technology.
Zoë Bernard / The Information:
Sources: at least six Intercom employees have left the company in the last few years over sexual harassment allegations against its CEO Eoghan McCabe  —  Eight years ago, a group of Irish entrepreneurs led by an ambitious leader, Eoghan McCabe, relocated their software startup, Intercom …
Jordan Novet / CNBC:
Symantec says its president and CEO, Greg Clark, has stepped down; stock is down 13%+ after hours  —  Symantec stock fell as much as 15% Thursday after the security company said its president and CEO, Greg Clark, has stepped down.  The company is looking for a replacement.
Tweets: @techjournalist
Cyrus Lee / ZDNet:
Report: Oracle is shutting down its R&D arm in China, laying off 900+ employees  —  Staff that were made redundant have gathered to protest the layoff plan, according to photos and video clips circulating on social media.  —  Oracle will shut down its research and development (R&D) …
Zack Whittaker / TechCrunch:
Coalition, which provides cybersecurity insurance, raises $40M Series B led by Ribbit Capital  —  Coalition, a cybersecurity insurance company, has raised $40 million in its latest round of funding.  —  Fintech investment giant Ribbit Capital led the investment with participation from Greenoaks Capital and Hillhouse Capital.
More: FinSMEs and PE Hub BlogThanks:@thenicolenewby
Sam Byford / The Verge:
Samsung announces the ISOCELL Bright GW1, a 64-megapixel image sensor for mobile phones, expects it to go into mass production in the second half of this year  —  Samsung fires new salvo in megapixel wars  —  Samsung has announced a new image sensor for mobile phones with a higher resolution than anything comparable on the market.
Jonathan Browning / Bloomberg:
In a UK court filing, Amazon says hackers siphoned money from ~100 seller accounts over a period of six months last year  —  - Amazon asked U.K. court for bank details linked to hackers  — Hackers break into about 100 accounts, according to documents

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