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September 30, 2019, 1:05 PM
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WeSmirchTop News
| Faiz Siddiqui / Washington Post: |
A look at the fast declining morale at Uber amid budget cuts for basic amenities, mass layoffs, and a 30% decline in stock price since its IPO — Uber's CEO told staff: “We need to ship more quickly and operate more effectively and efficiently than we are today.”
More:
Newser. Tweets: @carnage4life, @hipster_trader, @mikeisaac, @thestalwart, @carlquintanilla, and @faizsays
| Wall Street Journal: |
Sources: House investigators asked Google about plans to implement DNS-over-HTTPS in Chrome; ISPs fear the protocol will prevent them from tracking user data — New standard could alter web's competitive landscape, cable and wireless companies say — Congressional antitrust investigators …
More:
CNET, XDA Developers, TechSpot, Engadget, MediaNama, Coinspeaker, The Overspill, Fossbytes, Android Central, MSPoweruser, Android Authority, PYMNTS.com, Gizmodo, Seeking Alpha, and Slashdot
Tweets: @hshaban, @hoofnagle, @swiftonsecurity, @herf, @reckless, and @reckless
| Annie Palmer / CNBC: |
Verizon to acquire the software and technology assets of VR startup Jaunt XR, which raised $100M in funding from Disney, GV, and others; Jaunt is pivoting to AR — - The start-up develops tools that enable brands and consumers to make high-quality VR content, among other things.
More:
GlobeNewswire News Room, The Verge, and Engadget
| Fred Wilson / AVC: |
A VC narrative that software-enabled companies like Uber should be valued at 10x+ revenue is falling apart but is still valid for startups with margins of 75%+ — Dan Primack wrote in his friday newsletter: … While all of this is true, I think it is a lot simpler than that.
More:
CNBC, Wall Street Journal, and Howard Lindzon
Tweets: @joshelman, @wsj, @mattyglesias, @mattturck, @carnage4life, @vcstarterkit, @bwertz, @skupor, @thestalwart, @zachweinberg, @benedictevans, and @semil
| Cameron Faulkner / The Verge: |
HP updates HP Spectre x360 13 with 10th-gen Intel CPUs, 4K OLED display, up to 22 hours battery life, optional LTE, available in October starting at $1,099 — A smaller, faster 2-in-1 laptop — HP's Spectre x360 13 has undergone a fairly drastic makeover for 2019.
More:
Windows Central, Thurrott, Inquirer, CNET, PCWorld, VentureBeat, and Engadget
| New York Times: |
A look at how tech firms and government keep failing to curb the sharing of child sexual abuse images, long after the PROTECT our Children Act was passed in '08 — Online predators create and share the illegal material, which is increasingly cloaked by technology.
More:
The Next Web, Mashable, Axios, and FiveThirtyEight
Tweets: @gabrieldance, @mega2e, @mega2e, @nytimes, @alexstamos, @alexstamos, @dmoberhaus, @geminiimatt, @benedictevans, @mikeisaac, @mikeisaac, and @mikeisaac
| Catalin Cimpanu / ZDNet: |
US Treasury goes after the planes and yacht of the founder of Russia's IRA troll farm, with new sanctions imposed for alleged meddling in 2018 midterm elections — US Treasury takes new approach to imposing sanctions on IRA's owner. — The US Treasury Department announced today the third set … | Reuters: |
Sources: ByteDance, owner of TikTok, had a revenue of $7B-$8.4B in H1 2019, and posted a profit in June after operating at a loss in H1 2019 — BEIJING/HONG KONG (Reuters) - China's ByteDance, owner of video-sharing app TikTok and one of the world's most valuable unicorns … | Reuters: |
Sources: Nasdaq tightens restrictions and slows approvals for small Chinese firms' IPOs, which increasingly raise a majority of capital from Chinese investors — (Reuters) - Nasdaq Inc (NDAQ.O) is cracking down on initial public offerings (IPOs) of small Chinese companies by tightening restrictions … | Lawrence White / Reuters: |
Revolut partners with Visa to expand into 24 new markets including the US and Japan by the end of 2019, plans to increase staff from 1500 to 5000 by next summer — LONDON (Reuters) - British-based digital banking app Revolut is set to hire around 3500 staff as it expands into 24 new markets thanks … | Dave Michaels / Wall Street Journal: |
Crypto exchanges including Coinbase, Kraken, Circle, and Bittrex form the Crypto Ratings Council to rate digital assets on whether they are securities — Businesses to score which assets can be traded without ire of regulators — The U.S.'s biggest cryptocurrency exchanges have developed …
More:
The Coinbase Blog, Decrypt, CoinDesk, Crypto Briefing, CryptoGlobe, The Daily Hodl, The Block, Cointelegraph, NewsBTC, Bitcoinist.com, Altcoin Magazine, and Messari Crypto
Tweets: @kylesgibson, @coinbase, @brfreed, @kmsmithdc, and @ronwhammond
| Annie Palmer / CNBC: |
WeWork says it will withdraw its S-1 filing as it seeks to postpone its IPO — - WeWork has announced it will withdraw its S-1 filing as it seeks to postpone its highly-anticipated initial public offering. — The future of the IPO had been in question after WeWork moved to delay its investor roadshow earlier this month.
More:
CNN, New York Magazine, Crunchbase News, PYMNTS.com, and Business Insider
Tweets: @maybebullish and @ajs
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