Techmeme
November 8, 2019, 7:05 PM

Top News

Oliver Darcy / CNN:
Facebook and YouTube say they are removing content that mentions the possible name of the whistleblower whose complaint prompted Trump impeachment inquiry  —  New York (CNN)Facebook (FB) and YouTube said Friday that they were removing content that mentioned the potential name …
Jay Peters / The Verge:
Apple says it is working on a fix for a macOS bug that stored portions of encrypted emails sent via Mail app in an unencrypted form  —  Apple may have known for months  —  Apple stakes a lot of its reputation on how it protects the privacy of its users, as it wants to be the only tech company you trust.
Ingrid Lunden / TechCrunch:
Blackstone buys majority stake in MagicLab, owner of dating apps Badoo and Bumble, valuing the company at $3B+; Whitney Wolfe Herd to become MagicLab's CEO  —  Bumble, the popular and profitable dating and networking app built around the ethos of women calling the shots on how connections …
Will Oremus / OneZero:
US safety investigators report: dilemma for self-driving cars is not saving one innocent victim over other; it's between caution and competitive advantage  —  It has nothing to do with the ‘trolley problem’  —  he advent of self-driving cars revived the decades-old philosophical conundrum known as the “trolley problem.”
Alnoor Peermohamed / The Economic Times:
AngelList launches its VC and angel fund product in India, which will allow individuals to raise small blind pools of capital and deploy them within 6-12 months  —  AngelList will manage the legal and regulatory aspects of raising capital and investing it, while the byte-sized funds will be able …
Emily Glazer / Wall Street Journal:
Sarah Frier / Bloomberg:
Internal chats from 2012 and 2013 show Facebook staff lamenting its “unethical” practices, as Zuckerberg argued that the company's survival was more important  —  - New documents show dissent within Facebook's top ranks  — Disclosures come as company faces multiple antitrust probes
Neil Mawston / Strategy Analytics:
Smartwatch shipments grew 42% YoY to 14.2M units in Q3, as Apple grew market share to 48% from 45% last year and Fitbit's market share dropped from 15% to 11%  —  According to new research from our Wearable Device Ecosystems (WDE) service, global smartwatch shipments grew an impressive +42% YoY …
William Feuer / CNBC:
Yelp reported Q3 revenue of $262.4M vs. $262.2M expected, up 9% YoY, and says it expects a growth of 11% to 13% YoY in Q4 revenue; stock closes up 15%+  —  - While the company's fourth-quarter guidance fell below expectations, it appears to be better than investors feared as the app faces increasing competition from Google.
Saritha Rai / Bloomberg:
Source: Tencent acquired a 10% stake in Policybazaar, valuing the Indian online insurance aggregator at $1.5B  —  - Purchase from Tiger Global values Policybazaar at $1.5 billion  — Tencent's India portfolio already includes Ola, Byju's, Swiggy  —  Tencent Holdings Ltd. has acquired …
Tweets: @tim
Bloomberg:
Sources: Alibaba is planning to launch a Hong Kong IPO next week with plans to raise as much as $15B  —  - It's said to proceed with listing hearing early next week  — Alibaba's share sale comes after a U.S.-China agreement  —  Alibaba Group Holding Ltd. is moving ahead with plans …
Jane Zhang / South China Morning Post:
Alibaba invests $3.3B in its logistics arm Cainiao, raising its stake to 63%  —  Cainiao will use the money raised to invest in technologies and logistics infrastructure services Cainiao also offers solutions to Alibaba's international e-commerce business, including Tmall Global …
CNBC:
Bob Iger says Disney+ will be on Amazon's Fire TV when it launches on November 12  —  - Analysts will be looking to see if Disney gives any color on expected subscriber numbers for Disney+.  —  Disney shares were up about 3% after the company reported an earnings beat for its fiscal fourth-quarter on Thursday.

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Earlier Picks

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Nico Grant / Bloomberg:
The Correspondent: