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May 7, 2020, 8:45 AM
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Top News

New York Times:
Facebook's Oversight Board announces its first 20 members, out of a total of 40, who will oversee challenging content issues  —  The company's independent oversight body will focus on challenging content issues, such as hate speech and harassment.  —  The authors are co-chairs of Facebook's oversight board.
David Kaye / Just Security:
Facebook's efforts are laudable, but the Oversight Board does not end debates over online speech or legitimize content moderation choices by other platforms
Brady Dale / CoinDesk:
Square reports $528M in Q1 revenue from its Cash App, with $306M coming from Bitcoin transactions, exceeding the app's fiat revenue of $222M for the first time  —  Bitcoin has flippened USD on Square's Cash App, sort of.  —  As reported in the publicly traded fintech company's …
Emily Bary / MarketWatch:
Square reports Q1 revenue of $1.38B, up 44% YoY, with net loss of $106M, up $68M YoY, as Square fills reserves to prepare for COVID-19 problems; stock down 6%+  —  Payments processor falls to an adjusted loss as it prepares for merchants' transaction and loan losses with reserves  —  Referenced Symbols
Nick Statt / The Verge:
Epic Games says Fortnite has 350M registered players, up from 250M in March 2019; in April, players logged 3.2B hours in the game  —  More than 3.2 billion hours played in April alone  —  Epic's Fortnite has more than 350 million registered players, the game developer announced on Wednesday.
Matt Brian / Engadget:
UK broadband provider Virgin Media and telecom operator O2 announce £31B merger in an effort to take on BT, Sky, and Vodafone in the country  —  The rumors were true: UK broadband provider Virgin Media and telecoms operator O2 are to merge, their parent companies confirmed today.
Jules Wang / Android Police:
Google Authenticator now lets users transfer accounts between devices  —  The Google Authenticator app has undergone its first facelift since 2017, making the jump from version 5 to 5.10.  But the visual makeover — including a much-needed adaptation to newer phones' aspect ratios …
Brittany A. Roston / SlashGear:
Smart home company Wink to require users pay a $4.99 monthly subscription fee starting May 13, or device automations and accessibility via app will be disabled  —  Smart home company Wink has made a surprising and heavily criticized announcement: it will soon charge a monthly subscription fee.
Kurt Wagner / Bloomberg:
The Libra Association names former US Treasury Department official Stuart Levey as its first CEO ahead of a renewed regulatory push  —  The Libra Association, the group behind the proposed digital currency invented by Facebook Inc., named former U.S. Treasury Department official Stuart Levey as its first chief executive officer.
Jordan Novet / CNBC:
Twilio beat Q1 estimates with revenue of $364.9M, up 57% YoY, and reports over 190K active customer accounts; stock is up about 25% after hours  —  - Twilio beat expectations on results and its guidance for the current quarter.  — The company withdrew full-year guidance.  —  Jeff Lawson
Dean Takahashi / VentureBeat:
Nintendo reports FY 2019 net profit of $2.43B, up 33.5% YoY, on sales of $12.31B, up 9% YoY, 55.7M Nintendo Switch and Switch Lite consoles sold to date  —  Nintendo reported that its full-year sales for the fiscal year ended March 31 were $12.31 billion, up 9% from $11.30 billion a year earlier.
New York Times:
A group of hackers linked to the Chinese military has used Aria-body, a debilitating cyberattack tool, against governments and firms in Australia and SE Asia  —  An Israeli security company said the hacking software, called Aria-body, had been deployed against governments and state-owned companies in Australia and Southeast Asia.
Ingrid Lunden / TechCrunch:
Dtex, which uses AI to monitor and detect insider threats in enterprise networks, raises $17.5M led by Northgate Capital  —  A lot of enterprise cybersecurity efforts focus on malicious hackers that work on behalf of larger organizations, be they criminal groups or state actors …
Lora Kolodny / CNBC:
Lyft reports Q1 revenue of $955.7M, up 23% YoY, as its net loss drops to $398.1M from $1.1B in 2019; active riders rose 3% YoY to 21.2M; stock up 10%+  —  - On Wednesday, Lyft reported losses of $398.1 million, and revenue of $955.7 million for Q1 2020.  — Citing Covid-19 impacts to its business …
Lucas Shaw / Bloomberg:
Internal document reveals Twitch is looking to fund a slate of original, unscripted series that would be live and interactive on dating, sports, music, and more  —  - Amazon unit will bankroll slate of unscripted series this year  — Use of Twitch has exploded during the coronavirus pandemic

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From Mediagazer

Todd Spangler / Variety:
Trump says Stephen Colbert is a “pathetic trainwreck” and “CBS should, ‘put him to sleep,’ NOW”, after CBS aired a Late Show rerun in which Colbert mocked Trump

Alex Ritman / Variety:
In Channel 4's 2025 Alternative Christmas Message, Jimmy Kimmel said “tyranny is booming” in the US and, on his ABC suspension, “We won, the president lost”

Henry Blodget / Regenerator:
Bari Weiss' 60 Minutes decision may have been a way to both signal that she's serious about shifting CBS' sensibility to the right and “improve” a story

More News

Chalkbeat New York:
NYC Department of Education reverses its ban on Zoom for online learning after Zoom agreed to create customized platform for the city to address security issues
Charles Fishman / The Atlantic:
How internet infrastructure, like that from AT&T, has managed to cope during the lockdown, as people stream media and work remotely

Earlier Picks

Andy Greenberg / Wired:
Security researchers say India's contact tracing app, mandated for many workers and downloaded over 90M times, could leak patient GPS data
Natasha Lomas / TechCrunch:
European Data Protection Board publishes updated guidelines arguing that scrolling and “cookie walls”, which block users from content, don't constitute consent
Matthew Panzarino / TechCrunch:
Interview with Apple SVP Craig Federighi about the iPadOS cursor, a significant change to the pointer paradigm, and the decisions Apple made to get there
Ellen Hammett / Marketing Week:
Study: half of the money brands invest in programmatic advertising never reaches online publishers; 15% of the money is unattributable to supply chain players
Devindra Hardawar / Engadget:
Microsoft debuts 13.5-inch and 15-inch Surface Book 3 laptops with 10th-gen quad-core Intel CPUs, new NVIDIA GPUs, available May 21 from $1,600 and $2,300
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