Techmeme
October 8, 2020, 1:20 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.
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
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."
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 …
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 …
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.
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 …
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 …
Jay Peters / The Verge:
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 …
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.
Taylor Lorenz / New York Times:
Triller, a TikTok competitor that sees being American as its greatest asset, is tempting TikTok stars with cash, fancy cars, creator mansions, and more  —  TikTok's top creators are taking “Triller money” to bring their content over to the app.  —  When talk of a possible TikTok ban began in July …
Tucker Higgins / CNBC:
A look at the scrutiny Google and Oracle faced from Supreme Court justices during the companies' arguments Wednesday, where no clear winner emerged  —  - Things got technical at the Supreme Court as the justices heard arguments from Google and Oracle in a blockbuster copyright dispute that has captivated Silicon Valley for a decade.
Christine Hall / Crunchbase News:
Bloom Credit, which offers an API for businesses to integrate with all three major US credit bureaus, raises $13M Series A  —  Bloom Credit is helping fintech and other businesses that want to provide credit products, such as lending, personal finance or credit monitoring, work with the country's three credit bureaus.
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 …
More: Engadget

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Earlier Picks

The Information:
Manish Singh / TechCrunch:
Rachel E. Greenspan / INSIDER:
Axios:
Steve Kovach / CNBC:
Gilad Edelman / Wired:
Chaim Gartenberg / The Verge: