Techmeme
November 4, 2020, 2:15 PM

Top News

Russell Brandom / The Verge:
Twitter placed sharing restrictions on Trump tweets alleging election theft while Facebook added labels warning election night results might not be final  —  Facebook warns tonight's results might not be final, Twitter limits spread  —  After a night in which President Donald Trump falsely claimed victory …
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:
Russell Brandom / The Verge:
Portland, Maine votes to ban the use of facial recognition by police and city agencies, entitling surveilled citizens to $1,000+  —  Private citizens are entitled to a minimum of $1,000 in fines if they are subjected to a facial recognition scan by police  —  Portland, Maine has passed …
Bloomberg:
Sources: China says Ant Group can't proceed with IPOs until it complies with new capital requirements and reapplies for licenses to operate nationwide  —  - Listing of Jack Ma's fintech giant was halted on Tuesday  — Ma criticized regulators for stifling innovation last month
New York Times:
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

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