Techmeme
May 16, 2019, 1:05 PM

Top News

Makena Kelly / The Verge:
White House launches tool to solicit information from people who had social media accounts suspended or banned and who suspect political bias behind the actions  —  'If you suspect political bias caused such an action to be taken against you, share your story with President Trump'
Washington Post:
Trump issues order blocking US companies from doing business with information and communications technology companies owned or controlled by a foreign adversary  —  Amid a deepening trade war with China, President Trump on Wednesday declared a “national emergency” to protect U.S. communications networks …
Ingrid Lunden / TechCrunch:
Instagram is shutting down Instagram Direct, its standalone direct messaging app that it was testing to rival Snapchat, on iOS and Android  —  As Facebook pushes ahead with its strategy to consolidate more of the backend of its various apps on to a single platform, it's also doing a little simplifying and housekeeping.
Thomas Brewster / Forbes:
Europol and FBI arrest the leader and ten members of the GozNym criminal network, who broke into 44K computers and tried to steal ~$100M  —  Paying money and buying online concept, couple doing internet shopping with computer, customers making secure payment on laptop via e-banking service, close up view of hand holding credit card
Dan Seifert / The Verge:
Google clarifies Works with Nest shutdown, says connections will continue to work beyond Aug. 31 until they are replicated in new Works with Assistant program  —  Works with Nest moves from fully dead to on life support  —  Google has issued a response to the criticisms of its recent announcement …
Nat Levy / GeekWire:
Amazon upgrades its $50 Fire 7 tablet with faster processor, doubled storage, and hands-free activation of Alexa, available for pre-order now, shipping June 6  —  Amazon today unveiled the next generation of its Fire 7 tablet and Fire 7 Kids Edition, speeding up the devices and adding more storage and features.
New York Times:
Sources describe Uber's IPO process and the setbacks that led Uber's $120B pre-IPO valuation floated by bankers to fall to its current market cap of $69B  —  Last September, Uber's top executives were pitched by some of Wall Street's biggest banks, Morgan Stanley and Goldman Sachs.
Chance Miller / 9to5Mac:
Valve releases Steam Link, its service for streaming desktop games to another device, on iOS and Apple TV, almost a year after its initial App Store rejection  —  Almost exactly a year after its initial rejection from the App Store, Valve today has officially released Steam Link on the App Store.
Jon Russell / TechCrunch:
Singapore-based digital banking startup YouTrip, which offers zero percent transaction fees and no cross-border fees, raises $25.5M to expand in Southeast Asia  —  Singapore-based startup YouTrip thinks consumers of Southeast Asia deserve a taste of the challenger bank revolution happening …
Heather Kelly / CNN:
Facebook will now ban anyone who violates its “most serious policies” from using Facebook Live for a set period of time, starting with their first offense  —  San Francisco (CNN Business)Two months after the mass shooting at a mosque in New Zealand was live-streamed by the accused gunman …
Facebook:
Jordan Novet / CNBC:
Cisco reports Q3 revenue of $12.96B, up ~4% YoY as its profits rose 13% YoY to $3B; stock is up 7+%  —  KEY POINTS  —  Cisco's Chairman and CEO Chuck Robbins speaks to participants during the Viva Technologie show at Parc des Expositions Porte de Versailles in Paris on May 24, 2018.
Jon Fingas / Engadget:
SanDisk introduces the first 1TB microSD card, for $450  —  Have you been salivating at the thought of stuffing a 1TB microSD card into your phone?  You can finally act on that impulse.  SanDisk has made the record-setting Extreme card available both through its own store and (when it's in stock) …
Gené Teare / Crunchbase News:
Q&A with Ted Wang, a partner at micro VC fund Cowboy Ventures, founded by Aileen Lee, on risk rewards of seed rounds, changes since its first fund, and more  —  For our most recent Seed Series we are talking with Ted Wang, the second partner at Cowboy Ventures, a micro VC fund based in Silicon Valley founded by Aileen Lee.
The Information:
Sources: Quibi, the upcoming mobile streaming service led by Jeffrey Katzenberg and Meg Whitman, is planning to raise up to $1B, following a $1B raise in August  —  Quibi, the mobile video streaming service headed by Hollywood and tech veterans Jeffrey Katzenberg and Meg Whitman …

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