Techmeme
May 18, 2020, 7:20 AM

Top News

Bloomberg:
Apple says it's reopening 25 US stores this week plus 12 stores in Canada, adding to nearly 100 global locations that have reopened so far  —  - Company has 100 stores back in operation after virus closures  — Plans temperature checks and face coverings at every location
Pavel Alpeyev / Bloomberg:
SoftBank Vision Fund records $17.7B loss in the last fiscal year after writing down investments including WeWork and Uber, reports a net loss of $8.96B  —  SoftBank Group Corp. said its Vision Fund business lost 1.9 trillion yen ($17.7 billion) last fiscal year after writing down the value of investments …
Ranjan Roy / Margins:
How Doordash listing restaurants on its service without their permission can lead to inaccurate menus, unhappy customers, and even arbitrage opportunities  —  There is such a thing as a free lunch  —  If capitalism is driven by a search for profit, the food delivery business confuses the hell out of me.
Brian Krebs / Krebs on Security:
US Secret Service memo warns a crime ring is targeting state unemployment insurance programs to commit fraud by using data belonging to identity theft victims  —  A well-organized Nigerian crime ring is exploiting the COVID-19 crisis by committing large-scale fraud against multiple state …
Catalin Cimpanu / ZDNet:
Multiple supercomputers in some EU countries were hacked this week with crypto mining malware via compromised SSH credentials; evidence suggests a single actor  —  Confirmed infections have been reported in the UK, Germany, and Switzerland.  Another suspected infection was reported in Spain.
Chance Miller / 9to5Mac:
Edison Mail says it has “rolled back” an iOS app update that gave a “small percentage” of users full access to other users' email accounts  —  Edison Mail is one of the more popular third-party email applications for iPhone, iPad, and Mac, but an apparent bug in the service is raising major privacy concerns.
Sachin Ravikumar / Reuters:
Indian food delivery startup Swiggy says it will lay off 1,100 employees, or nearly 14% of its workforce, to cut costs amid the pandemic  —  BENGALURU (Reuters) - Indian food delivery startup Swiggy said on Monday it would lay off 1,100 employees, or nearly 14% of its workforce, to cut costs …
More: MediaNama and Entrackr
Aditi Shrivastava / The Economic Times:
Manish Singh / TechCrunch:
General Atlantic to invest $870M in Reliance Jio Platforms at a $65B valuation, joining Facebook, Silver Lake, and Vista Equity Partners among Jio investors  —  Mukesh Ambani's Jio Platforms has agreed to sell 1.34% stake to General Atlantic, the latest deal in a series of deals …
Andreessen Horowitz:
Analysis of ten years of cryptocurrency discussions and funding data shows repeated cycles of rising crypto activity followed by eventual “crypto winters”  —  People who've been in crypto for a long time view the space as evolving in cycles, alternating between periods of high activity and “crypto winters.”

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Earlier Picks

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