Techmeme
December 29, 2020, 1:20 PM

Top News

Reed Albergotti / Washington Post:
Leaked docs: Lens, a supplier for Apple, Tesla, Amazon, used alleged forced Uighur labor; Apple says it has confirmed its suppliers have not used forced labor  —  New documents show Lens Technology, which makes iPhone glass and is owned by China's richest woman, received Uighur Muslim laborers transferred from Xinjiang.
CoinDesk:
Coinbase says it will suspend trading of XRP on January 19, 2021, following the SEC's suit against Ripple  —  Coinbase said it will suspend trading of XRP, the cryptocurrency the U.S. Securities and Exchange Commission claimed last week is really a security.
Bloomberg:
Source: Ant Group is planning to fold its financial operations into a holding company that could be regulated more like a bank  —  - Financial units face stricter regulation in planned structure  — Lifestyle businesses to be excluded from holding company
Coco Liu / Bloomberg:
Olivia Solon / NBC News:
Police rely heavily on car sensor and infotainment system data, including GPS and call records, to challenge alibis, thanks to looser privacy standards for cars  —  On June 26, 2017, the lifeless body of Ronald French, a bearded auto mechanic with once-twinkling eyes, was mysteriously found in a cornfield in Kalamazoo County, Michigan.
Ron Miller / TechCrunch:
VMware sues its former COO Rajiv Ramaswami, claiming that his taking a job as CEO of Nutanix was a breach of contract  —  Earlier this month, when Nutanix announced it was hiring former VMware COO Rajiv Ramaswami as CEO, it looked like a good match.  What's more, it pulled a key player from a market rival.
Kristen V Brown / Bloomberg:
DNA testing company 23andMe raises ~$82.5M Series F led by Sequoia Capital and NewView Capital; the company laid off 14% of its workforce earlier this year  —  DNA testing company 23andMe Inc. raised more than $80 million in equity in a financing round led by Sequoia Capital and NewView Capital.
More: TechCrunch
Svea Herbst-Bayliss / Reuters:
In a letter, an activist hedge fund pushes Intel to explore strategic alternatives, like whether it should remain an integrated device manufacturer; stock up 5%  —  (Reuters) - Activist hedge fund Third Point LLC is pushing Intel Corp to explore strategic alternatives, including whether …
Kristin Robinson / Variety:
A loophole in Spotify's copyright infringement detection tactics is allowing unauthorized remixes and bootlegs of songs to be uploaded as podcasts  —  Spotify has joined the ranks of streaming services like SoundCloud and YouTube as a hub for bootlegs of popular songs.
David Shepardson / Reuters:
FAA issues rules requiring some drones, like those flying over people, to be remotely identifiable and night flying drones to have anti-collision lights  —  WASHINGTON (Reuters) - The U.S. Federal Aviation Administration (FAA) on Monday said it is issuing long-awaited rules to allow …

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