Techmeme
September 30, 2019, 3:40 PM

Top News

Faiz Siddiqui / Washington Post:
A look at the rapidly 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.”
Wall Street Journal:
Sources: Facebook is planning to pay only about a quarter of the 200 publishers that will be featured in its news tab, set to launch as soon as the end of Oct.  —  Social-media giant plans to pay about a quarter of news organizations whose content will be featured
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 …
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.
Reuters:
Sources: a US online privacy bill is not likely to come before Congress in 2019, forcing companies to deal with a stricter law in CA that takes effect on Jan. 1  —  WASHINGTON (Reuters) - A U.S. online privacy bill is not likely to come before Congress this year, three sources said …

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The New Consumer:
DTC and the future of CPG  —  A new publication about how and why people spend their time and money from tech journalist Dan Frommer.
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