Techmeme
September 23, 2019, 3:15 AM

Top News

Wall Street Journal:
Sources: several WeWork directors, including SoftBank members, plan to push for Adam Neumann to step down as CEO  —  SoftBank officials are among those expected to push for Neumann ouster  —  A bloc of WeWork directors is planning to push Adam Neumann to step down as chief executive …
Josh Constine / TechCrunch:
A look at Peloton, which may raise $1.2B in this week's IPO and sells $2.3K iPad-equipped stationary bikes and $40/mo. cycling video subscriptions to 510K+ subs  —  13 reasons this bike has a cult  —  It makes lazy people like me work out.  That's the genius of the Peloton bicycle.
Chris Welch / The Verge:
TiVo confirms it is planning to place pre-roll video ads before DVR recordings for all customers, even those with a lifetime subscription plan  —  Rolling out to TiVo's current devices over the next 90 days  —  So much for it being an early, experimental test.
James V. Grimaldi / Wall Street Journal:
Sources: anti-Amazon “grass roots” non-profit FFMI, which actively lobbies and influences media op-eds, is funded by Walmart, Oracle, other Amazon competitors  —  Walmart, Oracle and mall owner Simon Property Group are secret funders behind a nonprofit that has been highly critical of the e-commerce giant
Emily Stewart / Vox:
Polling of US adults shows that most, across party lines, support breaking up Big Tech, such as reversing Facebook's Instagram purchase, to improve competition  —  One hundred cardboard cutouts of Facebook founder and CEO Mark Zuckerberg stand outside the US Capitol in Washington, DC …
William Foxley / CoinDesk:
Korean exchange Upbit says it is delisting six “privacy coins” including Monero, Dash, and Zcash following June's FATF guidance and a similar delisting by OKEx  —  Another cryptocurrency exchange has delisted a slew of privacy coins following recent regulatory requirements …
Connie Loizos / TechCrunch:
Legalist, which funds lawsuits for a cut of settlements based on algorithmically calculated chances of winning, raises a $100M legal fund, ~10x its first one  —  If you haven't heard much about litigation finance, that may change soon.  The practice dates back decades …
Joanna Glasner / Crunchbase News:
The number of $5M+ seed rounds in the US has risen steadily, from 45 in 2014 to 180 in 2018, but the trend may be cooling off, with 110 such rounds in 2019 YTD  —  Here at Crunchbase News, we've devoted a lot of coverage to the rise of supergiant rounds — our term for startup investments of $100 million and up.

Sponsor Posts

Zoho:
Remote work and efficient file management  —  Remote work, once a privilege given to few, is now a viable alternative to the commute and grind of office life.  As of June this year, an estimated 42% …
KubeCon + CloudNativeCon North America:
Keep Cloud Native Everywhere  —  Now more than ever, it's important to keep the cloud native community connected.  Register early and save.
Oura:
Better sleep, better you.  —  Why the Oura Ring is the perfect companion to other wearables in painting a fuller picture of your health.
Intel:
11th Gen Intel Core desktop processors - codenamed “Rocket Lake” - are coming  —  Gaming is in our DNA.  Get the latest on Intel's continued journey to make the PC the best place to play.

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Dr. Ian Cutress / AnandTech:
Erin Griffith / New York Times: