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May 4, 2020, 3:25 AM
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memeorandum
WeSmirchTop News
| Omri Zerachovitz / Globes Online: |
Sources: Intel is in talks to acquire Israeli startup Moovit, which makes a journey planner app and provides transit data APIs to cities and companies, for ~$1B — Intel Capital is one of the shareholders in the company, which has developed a public transport journey planner and mobility app.
More:
TechCrunch, Engadget, CTech, Reuters, Jerusalem Post, SiliconANGLE, PYMNTS.com, and Seeking Alpha
Tweets: @davidzipper, @calcalistech, and @liorsteinberg
| Manish Singh / TechCrunch: |
PE firm Silver Lake announces it will invest $747M in Indian telecom giant Jio Platforms, giving it a valuation of $65B, weeks after Facebook invested $5.7B — Weeks after Facebook invested $5.7 billion in Indian telecom giant Jio Platforms, private equity firm Silver Lake is following suit.| Sara Ashley O'Brien / CNN: |
Uber to require masks or face coverings for drivers and passengers in certain markets and is developing technology to detect drivers' usage of face coverings — (CNN Business)As it anticipates a restart to its core rideshare business amid the pandemic, Uber (UBER) plans to require drivers …
More:
The Verge, TweakTown News, USA Today, Gizmodo, PYMNTS.com, Engadget, The Points Guy, and Seeking Alpha
Tweets: @brianroemmele, @ambermac, @kslcom, @wjtv, @almostmedia, and @joshuaogundu
| Wall Street Journal: |
Sources: Elliott Management is financing a patent lawsuit by interactive-video company Eko, which it will take an equity stake in, against Quibi — Elliott, run by billionaire Paul Singer, will fund the suit by interactive-video company Eko and take an equity stake
More:
The Verge, Forbes, and Deadline
Tweets: @sameer_singh17, @benmullin, @benmullin, @wsj, @joannastern, and @raju
| Om Malik / On my Om: |
The pandemic brought tech-enabled behaviors previously considered on the fringe into the mainstream and compressed years of digital transformation into months — Disruptions, downturns, and recessions make the weak weaker and the strong stronger. It was true centuries ago, and it is true today.
Tweets: @om, @perezbox, @christysandhoff, @photomatt, @natbullard, and @stevesi
| Catalin Cimpanu / ZDNet: |
Flaws in Salt, a server automation and management tool, have been exploited to breach servers belonging to Ghost blogging platform, DigiCert, and LineageOS — Ghost platform got hacked via the same vulnerability that allowed hackers to breach LineageOS servers hours before.| Chance Miller / 9to5Mac: |
An article in the European Heart Journal argues that in addition to atrial fibrillation, Apple Watch's ECG function may also detect myocardial ischemia — Since the Apple Watch added the ECG app with the Series 4, numerous stories have surfaced about how the app has contributed to saving people's lives.
More:
OUP Academic, EurekAlert!, iPhone Hacks, Hindustan Times, iMore, AppleInsider, and Redmond Pie
Tweets: @h_boob1, @i_am_fabs, @johnmhillier, @dr_montone, @shortymatic, @djdevo79, and @koffyboachie
| Jean-Louis Gassée / Monday Note: |
Magic Keyboard finally transforms iPad into a personal computing device that easily shape-shifts between media consumption and white collar professional uses — After years of futile attempts to do my everyday work on an iPad, the newly released Magic Keyboard, coupled with a long wished … | Politico: |
The pandemic could make the economic power of Facebook, Google, and Amazon more visible, making them an even bigger target for antitrust hawks in Washington, DC — The pandemic “has unmasked how big and powerful these companies are,” one antitrust advocate says. And that could make them an even bigger target in Washington.
Tweets: @neil_chilson, @trevornoren, @mpetricone, @politico, @politico, @nidalqanadilo, and @barbaracomstock
| Catalin Cimpanu / ZDNet: |
Ransomware was mentioned in 1,000+ SEC filings over the past year, up from 749 mentions in 2018, as more companies recognize it as a significant risk factor — A growing number of public companies have started listing ransomware as a forward-looking risk factor in their SEC documents.
More:
PYMNTS.com
| Miles Kruppa / Financial Times: |
Many Silicon Valley startups are announcing job cuts and spending freezes to prove they can be disciplined about costs to would-be investors amid the pandemic — Balance of power shifts back to investors as founders look to bolster balance sheets — As one of Silicon Valley's hottest start-ups …
More:
PYMNTS.com. Tweets: @paulg, @rabois, @psb_dc, @mdudas, @johnthornhillft, @carmelocennamo, @jessefelder, @rajit_h, and @daveleeft
| Reuters: |
Tencent buys a 5% stake, worth about AU$390M, in Australia-based buy-now-pay-later company Afterpay — (Reuters) - Chinese gaming and social media group Tencent Holdings has bought a 5% stake in Afterpay Ltd, the Australian buy-now-pay-later firm said on Friday.
More:
Finextra, Motley Fool Australia, PR Newswire, Crowdfund Insider, news.com.au, and PYMNTS.com
| South China Morning Post: |
China's biannual report says it has 904M internet users, 897M of those via mobile; education and live streaming services see growth as food delivery apps suffer — Eight key takeaways from China's biannual internet roundup, including education and live streaming services getting a big boost … Sponsor Posts
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