Techmeme
September 23, 2019, 5:50 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.
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
Ingrid Lunden / TechCrunch:
Facebook acquires Servicefriend, a startup that builds customer service AI chatbots for messaging apps; founders now work for Facebook's Calibra, per LinkedIn  —  As Facebook prepares to launch its new cryptocurrency Libra in 2020, it's putting the pieces in place to help it run.
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 …
Tracy Qu / South China Morning Post:
AllinMD Orthopaedics Hospital, a China-based online platform to match patients with orthopaedics hospitals and doctors, raises $100M Series B  —  AllinMD Orthopaedics Hospital connects more than 150,000 registered doctors and 17,000 hospitals with patients The six-year-old internet hospital …
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

Smartsheet:
Are your technology investments slowing your business down?  —  As technology spend rises across industries, productivity remains flat.  Are your technology investments helping or hurting your productivity?  Read the report.
TWiT.tv:
New Podcast: Smart Tech Today  —  Our newest podcast focuses on the Internet of Things or smart tech.  Subscribe and join Mikah Sargent and Matthew Cassinelli every week for all the connected ways to improve your life.
Zoho:
Zoho Expense integrates with Xero — expense management and accounting go hand in hand  —  Zoho Expense makes your expense reporting easy by providing user-friendly automations such as auto-scanning of receipts …
Google Cloud:
What does the future of cloud computing hold  —  and what does this mean for businesses?  We looked at the data, talked to luminaries, and listened to customers across the world.  Here's what they said.
Intel:
Here's how Intel is powering breakthrough research in astronomy, medicine, AI and beyond  —  Fastest supercomputer in academia - Frontera, is based on 2nd generation Intel® Xeon® Scalable processors.
Mattermost:
The teams behind legendary game titles Halo, Destiny, and others use Mattermost to collaborate.  —  Game studios like Bungie, Wargaming, and Valve keep trade secrets private behind their firewalls.

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Dr. Ian Cutress / AnandTech:
Emily Stewart / Vox:
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