Techmeme
October 5, 2019, 5:20 AM

Top News

CNBC:
PayPal says it is withdrawing from Facebook's Libra Association, becoming the first of its founding members to do so  —  PayPal is withdrawing from Facebook's Libra Association, the company announced Friday.  —  “PayPal has made the decision to forgo further participation in the Libra Association …
Tom Burt / Microsoft on the Issues:
Microsoft: Iran-linked group, dubbed Phosphorus, attempted to hack 241 accounts belonging to a 2020 presidential campaign and others between Aug. and Sept.  —  Today we're sharing that we've recently seen significant cyber activity by a threat group we call Phosphorus, which we believe originates …
Samuel Axon / Ars Technica:
Apple admits some iPhone 6S/6S Plus phones sold from Oct. 2018 to Aug. 2019 may not turn on due to a faulty component, offers free repairs and repair refunds  —  The problem affects phones made between October 2018 and August 2019.  —  Apple has posted notice of a new repair program …
Wall Street Journal:
Sources: Google has held discussions about acquiring the TikTok-like short video app Firework; California-based Firework was valued at $100M+ earlier this year  —  Firework is startup behind app that lets users share 30-second clips; Weibo also has expressed interest
Anirban Sen / Reuters:
Sources: SoftBank is struggling to raise money for Vision Fund 2; it is likely to be far smaller, at least at the start, than the $108B it said it had lined up  —  (Reuters) - SoftBank Group founder and CEO Masayoshi Son is struggling to raise money for a second massive technology investment fund …
Financial Times:
US and UK sign the first-ever bilateral data access agreement, enabled by the Cloud Act, to speed up court-approved data exchanges for criminal investigations  —  Police and intelligence agencies are to be given expedited access to electronic communications sent by terrorists …
Wall Street Journal:
Disney bans Netflix ads on most of its TV networks; it had initially issued a blanket ban on ads from any streamers, but reversed course for all but Netflix  —  Entertainment giants are set to spend hundreds of millions of dollars to promote new streaming services
Lauren Kaori Gurley / VICE:
Drivers say Lyft does very little to protect them from assaults and harassment by passengers and makes it “extremely traumatic to report anything”  —  Drivers Motherboard spoke to say they were assaulted by riders and Lyft did little to help them.  Experts say Uber and Lyft don't take the same safety measures as taxis.

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