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September 30, 2019, 1:45 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, @mikeisaac, @thestalwart, @carlquintanilla, @faizsays, and @hipster_trader
| 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, SiliconANGLE, XDA Developers, TechSpot, Engadget, MediaNama, Coinspeaker, Fossbytes, Android Central, MSPoweruser, Android Authority, The Overspill, PYMNTS.com, Gizmodo, Seeking Alpha, and Slashdot
Tweets: @hshaban, @hoofnagle, @swiftonsecurity, @herf, @reckless, and @reckless
| 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 … | 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, Engadget, and The Verge
| 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
| 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
| 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, @nytimes, @alexstamos, @alexstamos, @dmoberhaus, @mega2e, @geminiimatt, @mega2e, @benedictevans, @mikeisaac, @mikeisaac, and @mikeisaac
| 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 … | 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
More:
Nieman Lab, NBC News, and Seeking Alpha
Tweets: @whatthebit, @lmoses, @ow, @juddlegum, @brianmfloyd, @backlon, @lalpert1, @mattnavarra, and @stevekopack
| 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, Cointelegraph, NewsBTC, Bitcoinist.com, The Block, 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:
New York Magazine, CNN, Crunchbase News, PYMNTS.com, and Business Insider
Tweets: @maybebullish and @ajs
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