Techmeme
January 6, 2020, 11:10 AM

Top News

Dan Primack / Axios:
Sources: SoftBank Vision Fund has walked away from investing in several startups, months after submitting term sheets and saying closing delays were temporary  —  SoftBank Vision Fund has walked away from investing in several startups, months after submitting term sheets worth hundreds …
Matthew Haag / New York Times:
Amazon, Apple, Facebook, and Google are expected to have a combined 20,000 workers in New York City by 2022, mostly concentrated along Manhattan's West Side  —  Amazon, Apple, Facebook and Google will soon have 20,000 workers in New York City, many in offices on the West Side.
Dieter Bohn / The Verge:
Samsung debuts Galaxy Chromebook with a 13.3-inch 4K AMOLED display that rotates 360-degrees, 10th-gen i5 CPU, and S-Pen, available in Q1 starting at $999  —  At $999, it's expensive for a Chromebook, anyway  —  The Samsung Galaxy Chromebook is one of the nicest pieces of laptop hardware I've touched in a very long time.
Jon Fingas / Engadget:
Report: GCHQ is investigating the possibility that the London Stock Exchange outage in August may have been due to a cyberattack, not a software update glitch  —  UK officials are worried that a London Stock Exchange outage in August wasn't just the glitch that many suspected.
Brian Armstrong / The Coinbase Blog:
Crypto in 2020s: at least one blockchain will reach 1B users, a separate world of fully-decentralized, little-regulated crypto-to-crypto innovation will emerge  —  Yesterday I recapped the last decade in crypto.  Today, let's look ahead to the future and what I think will happen in the 2020s.
Gavin Baker / @gavinsbaker:
[Thread] As post-IPO prices of some unicorns decline, “guaranteed” returns for late stage private investors, unable to sell shares for months, prove illusory  —  1) Investor fear and the absence - temporary or permanent - of the Vision Fund likely creates more attractive late stage opportunities vs. the last 5 years. Market is semi-frozen, deals are breaking, converts are taking a long time and there are good companies that need funding. https://twitter.com/...
Bloomberg:
HP wins $439M after federal judge triples a jury's 2019 award against Quanta Storage for damages in a scheme to inflate the price of optical disk drives  —  - Company accused Quanta, other disk drive makers of collusion  — Taiwan's Quanta was the only company not to settle with HP
More: IT PRO
Meir Orbach / CTech:
Sources: Insight Venture Partners has agreed to buy Israeli IoT security company Armis for between $800M and $1.2B  —  Earlier on Monday, Calcalist reported that Armis had been negotiating its acquisition by a leading U.S. investment firm according to a company valuation of between $800 million and $1.2 billion, citing two sources
More: NoCamels
Julia Alexander / The Verge:
Tumblr launches World Wide What, a campaign that uses Tumblr-native language and imagery to educate users on topics like fake news and cyberbullying  —  Learning from 2016 issues ahead of the 2020 election  —  With the 2020 election coming up and growing concerns about bad actors using social media sites …

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