Techmeme
May 17, 2020, 11:20 PM

Top News

Christopher Mims / Wall Street Journal:
A look at the grassroots movement of professional home bakers that have found a home on Etsy, where they can continue to be productive under lockdown  —  Homebound consumers are flocking to the site for scones, biscuits, breads, muffins, doughnuts and...alkaline tahini spelt cookies.
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
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.
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.
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.”
South China Morning Post:
While the pandemic has boosted recruitment at Chinese tech companies in some sectors, many smaller online companies have experienced job cuts and hiring freezes  —  In the first quarter of 2020, the number of Chinese recruitment postings across all industries fell 22.6 per cent compared …
Martin Giles / Forbes:
Gartner survey of IT leaders forecasts 8% YoY decline in global IT spending to $3.46T in 2020, vs. $3.76T in 2019, as budgets are slashed due to the pandemic  —  Another week brings another clear sign that CIOs are making deep budget cuts in response to the COVID-19 pandemic.

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More News

Tim Anderson / The Register:

Earlier Picks

Daniel Zuidijk / Bloomberg: