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Techmeme
December 28, 2020, 4:45 AM
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Top News

Bloomberg:
China's central bank tells Ant it must overhaul its lending, insurance, and wealth management businesses and come up with a timetable as soon as possible  —  - Authorities require Ant to overhaul business, set up timetable  — Ant was blasted over governance, disdain toward compliance
Coco Liu / Bloomberg:
Alibaba raises proposed stock repurchase program by $4B to $10B, but shares slide 5%+ to a six month low in early Hong Kong trading amid antitrust fears  —  - Investors flee biggest names from Tencent to Meituan and JD  — It coincides with a harsh clampdown on part-owned Ant Group
Joe Rossignol / MacRumors:
Kuo: Apple Car's unclear development schedule means it may launch in 2025-2027, while changes in EV/self-driving market may push the launch to 2028  —  Earlier this week, Reuters reported that Apple is targeting 2024 for production of its long-rumored electric vehicle with “next level” …
Lee Brown / New York Post:
Nashville mayor says the Christmas day explosion in the city appears to have targeted an AT&T building, amid reports the suspect was paranoid about 5G  —  Nashville's mayor said Sunday that the city's Christmas blast appeared to be an “infrastructure attack” on the AT&T building there …
Kim Lyons / The Verge:
Citing environmental concerns, Xiaomi CEO says its flagship Mi 11 phone will not come with a charger in the box; Xiaomi mocked Apple earlier over the same issue  —  Xiaomi's CEO confirmed the decision on social media site Weibo  —  Lei Jun, the CEO of Chinese phone maker Xiaomi …
Scott Belsky / Medium:
Eight themes for the near future of tech: from decentralized workplaces and the rise of community-as-a-service to quirky social apps for kids under 16  —  As we pull ourselves out of the ditch that was 2020, there are a few major themes of the future I'm particularly excited about.
Chance Miller / 9to5Mac:
Apple's system status webpage indicates that the company has resolved an outage affecting iCloud Account and Sign In services  —  Apple's system status webpage indicates that the company has resolved an outage affecting “iCloud Account and Sign In” services.
Greg Ip / Wall Street Journal:
Due to the pandemic, trends that normally may have taken years to unfold, like remote work or the shift from physical to virtual commerce, happened in months  —  Spurred by the pandemic, business changes that normally might have taken years unfolded in months.
Michelle Gao / CNBC:
From working remotely to benefiting from the new normal, tech companies led the way in pandemic response but fell behind in stopping COVID-19 misinformation
Andrew Davis / Bloomberg:
Report: Facebook closed Irish subsidiary and moved billions in profits back to US following IRS suit; Irish subsidiary paid $101M in tax on $15B profit in 2018  —  Facebook Inc. has moved to wind down several Irish holding companies that had allowed it to shift billions of dollars in profit to the country …
Sam Richards / The Intercept:
Documents detail CellHawk, a little-known surveillance tool used widely by law enforcement, which can visualize large amounts of data collected by cell towers  —  Until now, the Bartonville, Texas, company Hawk Analytics and its product CellHawk have largely escaped public scrutiny.
Sara Harrison / The Markup:
With $87M in political contributions, $200M spent on Prop 22, and record spending on federal lobbying, tech industry spent record amounts on politics in 2020  —  As politicians and regulators turned their attention to Silicon Valley, tech companies went on the offensive

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 4:45 AM ET, December 28, 2020.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Committee to Protect Journalists:
After the building fire, Hong Kong summoned AFP, FT, NYT, AP, Bloomberg, and WSJ journalists, telling them to avoid “trouble making”, and arrested a commentator

Matt Donnelly / Variety:
A look at the auction for the Oscars' TV rights, as sources say Netflix is out, NBCUniversal gains ground, and YouTube and ABC remain active bidders

Megan Graham / Wall Street Journal:
WPP Media expects global ad revenue, excluding US political ads, to grow 8.8% YoY in 2025 to $1.14T, and says AI investment drives more spending than expected

More News

Earlier Picks

Steven Overly / Politico:
Facebook critics say a general animosity toward Facebook in Washington may push the Biden administration into taking more proactive measures against the company
Paresh Dave / Reuters:
Laptop and desktop manufacturers are still months away from fulfilling outstanding orders as sales see a renaissance; shortages won't ease until 2022
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