Techmeme
November 4, 2020, 5:25 PM

Top News

Russell Brandom / The Verge:
Twitter and Facebook labeled a message from Trump alleging election theft; Twitter restricted sharing of the tweet, but Facebook didn't reduce the post's spread  —  Facebook warns tonight's results might not be final, Twitter limits spread  —  After a night in which President Donald Trump …
Sarah Perez / TechCrunch:
Facebook and Instagram add large pop-ups atop feeds telling users that no presidential election winner has been declared, after Trump prematurely claims victory  —  Facebook and Instagram are running notifications in their respective apps informing U.S. users that the winner …
Alex Wilhelm / TechCrunch:
Apple, Microsoft, Facebook, Amazon, and other tech stocks rally with Nasdaq up 4.4%+ as vote counting continues across swing states  —  Update: The Nasdaq Composite is now up 4.45% and SaaS and cloud stocks up a simply massive 6.7%.  Whatever was driving the rally this morning appears to be still at it in the early afternoon.
Wall Street Journal:
Facebook clarifies its rules and says it will allow premature victory declarations in individual states but not for the presidential election  —  Facebook Inc. has clarified its rules and said it won't flag President Trump or any other individual who declares victory for a candidate in battleground states before votes are counted.
Ellen Huet / Bloomberg:
California sides with Uber, Lyft, DoorDash, and others on Prop 22, exempting the companies from having to reclassify workers as employees  —  Gig economy giants including Uber Technologies Inc., Lyft Inc. and DoorDash Inc. have won their effort to pass a hotly contested ballot measure …
The Information:
Richard Lawler / Engadget:
Massachusetts voters pass a right-to-repair expansion governing vehicle data, preventing manufacturers from locking out third parties  —  One election night issue that has appears to have an answer already is the passage of Question 1 in Massachusetts, which asked voters …
Ashley Gold / Axios:
FCC says T-Mobile will pay a $200M fine to settle claims Sprint was illegitimately drawing excess subsidies from the Lifeline phone program for low-income users  —  T-Mobile will pay a $200 million civil penalty to the U.S. Treasury to resolve an investigation into whether Sprint …
Firat Kozok / Bloomberg:
Source: Facebook, YouTube, Twitter, and TikTok were each fined $1.2M by Turkey for failing to appoint a local representative as required by a new law  —  - YouTube, Twitter, Instagram and TikTok also fined $1.2 million  — Firms failed to appoint a local representative as required
Wall Street Journal:
Sources: Comcast and Walmart to develop and distribute smart TVs together; TVs will run Comcast software and Walmart will promote them with a revenue split  —  Under the terms being discussed, the retail giant would promote TV sets running Comcast software and receive share of recurring revenue
New York Times:
Ant Group says its IPO has been suspended in both Shanghai and Hong Kong, after Chinese 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.
Bloomberg:

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