Techmeme
October 28, 2020, 11:20 AM

Top News

YouTube:
Mike Masnick / Techdirt:
In Mark Zuckerberg's prepared testimony for Wednesday's Senate hearing, he advocates for Congress to update Section 230 to “make sure it's working as intended”  —  This shouldn't be much of a surprise, unfortunately, but it appears that once again Facebook is the first to crack …
Nancy Scola / Politico:
Wall Street Journal:
Microsoft:
Microsoft Q1: revenue of $37.2B, up 12% YoY, net income of $13.9B, up 30% YoY, revenue for Intelligent Cloud was $13.0B, up 20% YoY  —  REDMOND, Wash. — October 27, 2020 — Microsoft Corp. today announced the following results for the quarter ended September 30, 2020, as compared to the corresponding period of last fiscal year:
Tom Warren / The Verge:
Financial Times:
Industry sources say changes to iOS 14 search show Apple is stepping up its efforts to build its own search tools as Google deal comes under antitrust scrutiny  —  iPhone maker explores building its own search tools as ties to Google come under antitrust scrutiny
Juli Clover / MacRumors:
Report: tensions over profit margins are souring Apple and Foxconn's partnership, leading Foxconn to employ questionable manufacturing and reporting tactics  —  The relationship between longtime partners Apple and Foxconn is eroding due to a battle over profit margins, according to a new report from The Information.
Tom Simonite / Wired:
A study of ~57,000 kidney disease patients in the Boston area finds that an algorithm used to decide priority for transplants was biased against Black patients  —  A formula for assessing the gravity of kidney disease is one of many that is adjusted for race.  The practice can exacerbate health disparities.
Hugh Son / CNBC:
JPMorgan says its digital token JPM Coin is now live for commercial use, as the bank launches new business unit Onyx for its blockchain and crypto efforts  —  - JPMorgan Chase said its digital currency, JPM Coin, is being used commercially for the first time this week by a large technology client to send payments around the world.
Wall Street Journal:
Sources: the DOJ is scrutinizing Visa's purchase of Plaid, which helps fintech apps connect to users' bank accounts, because it could limit nascent competition  —  The DOJ, making preparations for potential litigation, could soon decide whether it will sue to block Visa's purchase of the fintech firm
Jon Porter / The Verge:
Jennifer Elias / CNBC:
Todd Bishop / GeekWire:
Seattle-based Pulumi, which offers a SaaS multicloud app development service, raises $37.5M Series B led by NEA  —  Pulumi has raised a new $37.5 million investment led by NEA, representing a vote of confidence by the longtime venture capital firm in the Seattle startup's software development tools …
More: TechCrunchThanks:@taylor_soper
Patrick Moorhead / Forbes:
AMD says it will buy rival chipmaker Xilinx for $35B in an all-stock deal  —  I talked to AMD CEO Lisa Su last night and got the download on what could be a historic, $35B semiconductor deal to acquire Xilinx.  AMD had a monster Q3 and guide and has been on a growth tear for years …
Olivia Solon / NBC News:
Research: US-based hate groups are using platforms like Stripe, PayPal, Facebook, and Amazon to raise funds, even though some have policies against hate groups  —  Technology platforms including PayPal, Stripe, Facebook and Amazon are accepting payments to hate groups in the United States …

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