Techmeme
October 8, 2020, 2:35 PM

Top News

Yogita Khatri / The Block:
Square purchases $50M worth of bitcoin, becoming the second publicly listed company after MicroStrategy to invest in the cryptocurrency  —  Revolut, the London-based fintech firm, has enlisted crypto security firm Fireblocks to lay the foundations for new crypto products.
Chaim Gartenberg / The Verge:
AMD announces Zen 3 Ryzen 5000 CPUs for desktops, the first chips from AMD with its next-gen Zen 3 architecture, available on November 5, starting at $299  —  Available on November 5th, starting at $299  —  AMD just announced its new lineup of Ryzen 5000 series processors for desktops …
Ira Boudway / Bloomberg:
Waymo says it will open its fully driverless ride-hailing service in suburban Phoenix to the public  —  Waymo said Thursday that it is opening its fully driverless ride-hailing service in suburban Phoenix to the public.  Alphabet Inc.'s self-driving car unit began ferrying a select group …
David Gilbert / VICE:
An ISP took down the website for the group calling itself The Real Facebook Oversight Board after Facebook complained that the site was involved in “phishing”  —  “Nothing says ‘free speech’ quite as much as a multi-billion dollar corporation with a global monopoly getting its critics shut down."
Alfred Ng / CNET:
Court documents in a Florida case show Google provided US law enforcement with IP addresses for any user searching for specific key words  —  Court records in an arson case show that Google gave away data on people who searched for a specific address.  —  There are few things as revealing …
Elizabeth Dwoskin / Washington Post:
Facebook says it will temporarily suspend political ads after US polls close on Nov. 3 and will remove calls for poll watching that use “militarized” language  —  The move is intended to limit confusion and misinformation on the platform, the social media company says
Sherisse Pham / CNN:
Samsung says it expects to make an operating profit of $10.6B in the July-September quarter, up 58% YoY, and sales of $7B, up 6% in its earnings guidance  —  Hong Kong (CNN Business)Samsung (SSNLF) predicts its profit jumped nearly 60% last quarter, suggesting it could soon retake its position …
Larry Dignan / ZDNet:
IBM announces that it plans to spin off its managed infrastructure services unit, with $19B in sales and 90K staff, to help it focus on hybrid cloud apps  —  IBM will become a company that gets more than half of its sales from recurring revenue instead of services.
Cherlynn Low / Engadget:
Google says Assistant can now search and control third-party apps, starting with the top 30 on the Play Store, with support for more coming soon  —  Before today, if you ask Siri or the Google Assistant to “check the news on Twitter,” you'll either be shown the @CHEK_News account …
Nikkei Asia:
Inside the US campaign to cut China out of supply chains, which already pressured companies like Apple to look at moving 15% to 30% of output out of the country  —  Apple, Google and others shift production to prepare for ‘decoupled’ global market  —  It was a hot summer morning in Taipei …
Kartikay Mehrotra / Bloomberg:
US seizes 92 websites it said were used by Iran to spread disinformation, including four domains disguised as genuine news outlets based in the US  —  - Four of the domains were fake news sites targeting Americans  —  The U.S. Justice Department seized 92 websites it said were used …
TechCrunch:
Instacart raises $200M led by D1 Capital and Valiant Peregrine Fund, at a post-money valuation of $17.7B, following a $100M raise in July and $225M in June 2020  —  Instacart announced today that it has raised $200 million in a new funding round featuring prior investors.
Brendan Sinclair / GamesIndustry.biz:
Interviews with 16 Twitch employees from throughout its history detail a culture of indifference to inappropriate and abusive behavior, although some disagree  —  Employees from throughout the streaming platform's history describe a culture of indifference to inappropriate, unsafe, and abusive behavior
Ina Fried / Axios:
Microsoft adopts 10 “principles” for its app store, including letting developers choose a payment system for IAPs, that it says should be a model for others  —  In a not-so-subtle dig at Apple and Google, Microsoft today announced a series of “principles” for its Windows 10 App Store …
Abhishek Manikandan / Reuters:
Max Levchin's Affirm says it has confidentially filed for an IPO  —  (Reuters) - PayPal Holdings Inc PYPL.O co-founder Max Levchin's Affirm Holdings Inc has confidentially filed with the U.S. securities and exchange commission for an initial public offering, the lending startup said on Thursday.

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