Techmeme
November 6, 2019, 1:00 PM

Top News

Adi Robertson / The Verge:
Facebook says ~100 app developers might have had improper access to Groups member data even after the company announced restrictions to Groups API last year  —  At least 11 accessed data in the last two months  —  Facebook says that even after it locked down its Groups system last year …
Pavel Alpeyev / Bloomberg:
SoftBank reports a loss of $6.5B, its first quarterly operating loss in 14 years, and a loss of $8.9B in the Vision Fund, including a charge of $4.6B for WeWork  —  SoftBank Group Corp. reported its first quarterly operating loss in 14 years after writing down the value of some of its marquee investments …
Ben Dooley / New York Times:
Following SoftBank's first loss in 14 years, CEO Masayoshi Son says his WeWork bet was a mistake, describing it as a “harsh lesson”, and vows to move forward  —  Masayoshi Son defended the Japanese company's investment, while admitting he misjudged the American firm's founder, Adam Neumann.
Cara Lombardo / Wall Street Journal:
Sources: Xerox is considering making a cash-and-stock offer for HP, which has a market value of ~$27B and is more than three times the size of Xerox  —  Bid for HP would be at a premium to company's market value of $27 billion  —  Xerox Holdings Corp. XRX 2.05% has set its sights on a takeover …
Reuters:
Court docs: Facebook execs discussed a plan in 2012 to cut off access to user data for developers seen as future rivals while pushing a user privacy narrative  —  SAN FRANCISCO (Reuters) - Facebook Inc (FB.O) began cutting off access to user data for app developers from 2012 to squash potential rivals …
Bloomberg:
NTSB: the Uber self-driving test car that killed a pedestrian in Tempe, Arizona last year wasn't programmed to recognize and react to jaywalkers  —  - U.S. safety board releases documents on fatal 2018 accident  — Pedestrian hit, killed by experimental self-driving Uber car
Dave Gershgorn / OneZero:
Conor Dougherty / New York Times:
Apple, Facebook, and Google have pledged a combined $4.5B to end California's housing crisis, but the money will do little to solve systemic issues  —  Efforts by Apple, Facebook and Google to address the California housing crunch must contend with the forces that created it.
Mark Seal / Vanity Fair:
Inside the Big Bitcoin Heist, in which thieves stole 550 Bitcoin mining computers, worth $500K for hardware alone, from a cryptocurrency data center in Iceland  —  With its cheap geothermal energy and low crime rate, Iceland has become the world's leading miner of digital currency.
Nicholas Quah / Hot Pod News:
Members of the podcasting industry anonymously discuss common issues in the field: inexperienced leadership, poorly managed ad sales, accessibility, more  —  Over the past month, we've been running a call for opinions built around a fairly straightforward question: “What are you most frustrated by?”
Josh Constine / TechCrunch:
How Arweave, which has raised $5M led by a16z, uses blockchain to host sites and apps perpetually, hedging upfront user payments with declining storage costs  —  Andreessen Horowitz + USV invest  —  What if you could pay now to store something online permanently?
Bloomberg:
Survey of Tesla Model 3 owners: 90%+ say Autopilot makes them safer, 13% say Autopilot has put them in a dangerous situation and 28% say it saved them from one  —  We asked 5,000 Model 3 owners about Tesla's software for automated driving on highways and parking lots.  More than 90% said the feature makes them safer.
Aaron Wood / Cointelegraph:
Stellar Development Foundation has burned 55B XLM tokens, worth ~$4.7B, shrinking the supply from 105B to 50B; XLM's price jumped as much as ~25% on news  —  The Stellar Development Foundation (SDF) announced a new mandate today for its network's development, stating that it has burned over 55 billion Stellar Lumens (XLM) tokens.

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Washington Post:
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Jay Peters / The Verge:
Catalin Cimpanu / ZDNet:
Makena Kelly / The Verge: