Techmeme
November 3, 2020, 3:50 PM

Top News

New York Times:
Ant Group says its IPO has been suspended in both Shanghai and Hong Kong, after regulators summoned Jack Ma and other executives of the company  —  The Shanghai Stock Exchange postponed the offering one day after regulators summoned Jack Ma and other executives of the financial technology giant.
Issie Lapowsky / Protocol:
Some Instagram users see a banner that says Election Day is tomorrow, not today; FB blames a bug, says a “small group” is affected but does not clarify how many  —  On Election Day, a subset of Instagram users woke up to a message at the top of their Instagram feeds that read, “Tomorrow is Election Day.”
New York Times:
BuzzFeed News:
Internal Facebook survey shows only 51% believe Facebook was having a positive impact in the world, down 23% from May and down 5.5% from last year  —  Less than 24 hours before a historic US presidential election day, Nick Clegg, Facebook's vice president of global affairs and communications …
Sarah Perez / TechCrunch:
PayPal CEO says that, by end of H1 2021 starting in US, users will be able to pay with cryptocurrency at 28M PayPal merchants without any new “incremental fees”  —  PayPal this week laid out its vision for the future of its digital wallet platform and its PayPal and Venmo apps.
Natalie Gagliordi / ZDNet:
PayPal reports Q3 revenue of $5.46B, up 25% YoY, as it adds 15.2M net new active accounts; Venmo's total processed payment volume rises 61% YoY to $44B  —  PayPal said it processed a record-setting $247 billion in total payment volume during the quarter.  —  PayPal on Monday delivered …
Washington Post:
Court docs reveal that a previously undisclosed facial recognition system called NCRFRILS was used to identify a Lafayette Square protester accused of assault  —  A line of U.S. Park Police officers pushed protesters back from Lafayette Square on June 1, firing pepper balls …
Sarah Nassauer / Wall Street Journal:
Walmart ends plans to use Bossa Nova robots to scan shelves, sources say after concerns about shoppers' reactions and seeing similar results from human workers  —  Retailer ends contract with robotics company after seeing similar results from workers grabbing online orders during pandemic
Danny Nelson / CoinDesk:
SEC increases the limit dictating how much capital companies can raise before registering, a move that could result in a boon for security token offerings  —  The U.S. Securities and Exchange Commission (SEC) has increased limits dictating how much capital companies can raise before registering …

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Earlier Picks

Sky News:
Juli Clover / MacRumors:
Jon Porter / The Verge: