Techmeme
May 12, 2019, 4:10 AM

Top News

Nick Clegg / New York Times:
Facebook responds to Chris Hughes, says it is not a monopoly and has robust competition in all areas it operates, reiterates its call for more regulation  —  Dismantling our company won't fix what's wrong with social media.  —  Mr. Clegg is Facebook's vice president for global affairs and communications.
Dan Primack / Axios:
Uber's IPO got caught in a perfect storm of negative events on Friday, some of its own making, some, like Trump's China tariffs, outside its control  —  Uber's IPO stalled out yesterday, stunning both Silicon Valley and Wall Street.  —  Details: The ride-hail giant priced shares near the bottom of their range on Thursday night.
More: CNBCTweets: @gc, @katie_roof, @pt, and @joshelman
Lauren Feiner / CNBC:
Eric Newcomer / Bloomberg:
Heather Somerville / Reuters:
SEC approves the creation of the Long-Term Stock Exchange, or LTSE, a Silicon Valley-based national securities exchange proposed by Eric Ries  —  SAN FRANCISCO (Reuters) - U.S. regulators on Friday approved a new stock exchange that is the brainchild of a Silicon Valley entrepreneur …
Bryan Menegus / Gizmodo:
Tech activists are protesting Palantir's work with ICE by mass flagging “issues” with the company's most popular GitHub repositories  —  Tech activists continue to organize and win across many of the industry's biggest firms—and increasingly the online spaces tech workers gather …
Spencer Soper / Bloomberg:
Amazon's recent pledge of $800M to make next-day delivery the new standard is pressuring rivals to increase their investments in logistics startups to compete  —  - Flexe and Dolly are lining up backing for national expansions  — Several of the upstarts are led by former Amazon executives
Khari Johnson / VentureBeat:
Google awards $25M in AI impact grants to organisations from 12 countries which want to use AI to reduce pesticide use, study suicide risk in LGBT youth, more  —  Google today awarded $25 million in grants to a range of organizations to help them apply machine learning to fight some of the world's biggest challenges.
Tweets: @raju
Manish Singh / TechCrunch:
A look at the super app trend in India, where companies like Paytm, Ola, and Amazon are increasingly bundling a range of new services into their apps  —  Companies like Paytm and Amazon bundle other services to give users an all-in-one experience  —  Truecaller, an app that helps users screen strangers …
Andreessen Horowitz:
Enterprise startups should not rely on data network effects as a defensive moat and should focus on and invest in long-term defensibility from other areas  —  Data has long been lauded as a competitive moat for companies, and that narrative's been further hyped with the recent wave of AI startups.

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Earlier Picks

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