Techmeme
March 5, 2021, 7:40 PM

Top News

Cecilia Kang / New York Times:
Tim Wu, an outspoken critic of Big Tech, is joining the National Economic Council as a special assistant to President Biden for tech and competition policy  —  Tim Wu's appointment to the National Economic Council would signal a confrontational approach by the Biden administration.
Adam Klasfeld / Law & Crime:
US indicts John McAfee for fraud and money laundering over an alleged $13M cryptocurrency “pump-and-dump” scheme  —  Antivirus software mogul John McAfee, who has been awaiting extradition from Spain on tax evasion charges since late last year, just had his legal woes compounded …
Brian Krebs / Krebs on Security:
Sources: at least 30K US organizations have been hacked by an aggressive Chinese espionage group exploiting unpatched flaws in Microsoft's Exchange Server  —  At least 30,000 organizations across the United States — including a significant number of small businesses, towns …
Kevin Reynolds / CoinDesk:
Bitcoin mining startup Bitfury merges with a SPAC to create a US-based company called Cipher Mining, raising $595M at a valuation of $2B  —  The mining SPAC has an expected value of $2 billion.  —  Cipher Mining Technologies, a newly formed U.S.-based bitcoin mining operation formed …
Wall Street Journal:
Sources: India threatened to jail Facebook, WhatsApp, and Twitter employees if the companies don't comply with takedown requests related to farmer protests  —  Country flexes new powers over big platforms while companies are counting on world's second-largest population for growth
Jon Porter / The Verge:
Leaked interface shows that Twitter is testing an “undo send” feature which may be a button that doubles as a progress bar  —  A work-in-progress interface has been unearthed  —  A potential animation for Twitter's long-rumored “undo send” feature has been discovered …
Robert Hackett / Fortune:
Eco, a personal finance app that offers yields of 2.5% to 5% and cash back for shopping at Amazon, Uber, and DoorDash, raises $26M led by a16z crypto  —  Just over a decade ago, Uber cleverly combined existing technologies into an on-demand taxi service.  Without a confluence …
New York Times:
Research: low-wage workers at businesses in the areas where Amazon operates have seen significant wage growth since the company raised minimum pay to $15/hour  —  New research suggests that when big companies increase wages, they drive up pay in the places where they operate — without a notable loss in jobs.
Katherine Rosman / New York Times:
Wall Street Journal:
Sources: digital imaging company Shutterfly has held talks to go public via SPAC at a valuation between $4B-$5B, including debt  —  Discussions come less than two years after Apollo took the online-photo-book company private  —  Shutterfly Inc. is in talks to go public through a merger …
Sujeong Lim / Counterpoint Research:
Global smartwatch shipments rose 1.5% YoY in 2020, with Apple Watch shipments up 19% YoY, Huawei's up 26% YoY, and Fitbit shipments down 4% YoY  —  - In Q4 2020, the shipments decreased slightly YoY due to a fresh wave of COVID-19.  — However, Apple managed to expand its market share and remains firmly at the forefront.
Riley de León / CNBC:
Online learning provider Coursera files its S-1, reports 2020 net losses widened to $66.8M, up 46% YoY, on revenue growth of $293.5M, up 59% YoY  —  - Coursera filed with the Securities and Exchange Commission to list on the New York Stock Exchange under the ticker symbol “COUR.”
Mike Isaac / New York Times:
Reddit hires Drew Vollero as its first chief financial officer to prepare the company for an eventual IPO  —  The addition of Drew Vollero, formerly of Mattel and Snap, is a move toward developing operations more like publicly traded social networks.  —  SAN FRANCISCO — The world's …
Bloomberg:
UK antitrust authorities say they plan to investigate Apple's App Store to probe whether it is abusing its market power to restrict competition  —  - CMA taking into account Apple's ‘dominant’ position in apps  — Apple probe prompted by complaints from some developers
Javier Espinoza / Financial Times:

Sponsor Posts

DataStax:
Global scale on a startup budget?  —  Go with the original planetary scale database — DataStax Astra built on Apache Cassandra™.  Start for free and pay only for what you use with serverless!
Zoho:
How Show's industry-specific templates simplify business presentations  —  Are you a professional constantly seeking a solution for all your presentation woes?  Creating a presentation involves many aspects …
O'Reilly:
Ask O'Reilly any tech question.  We have the Answers.  —  New to O'Reilly online learning: O'Reilly Answers.  Just ask any tech question and instantly get answers from our renowned books.
Oura:
How To Increase Your HRV (Heart Rate Variability)  —  Having more consistent HRV values from day to day can also signal an enhanced ability to respond to daily stressors
Intel:
As server architectures continue to evolve, not all solutions are created equal  —  Intel's XPU strategy is delivering today what will be required for our data center future.
Secureframe:
Secureframe helps companies get enterprise-ready by streamlining SOC 2 security compliance.  —  Secureframe allows companies to get secure within weeks, rather than months and monitors 40+ services.  Get started today!
Modern Finance Podcast:
Cryptopunks - The NFTs That Started It All -- Their Origin Story and Future Plans.
Kevin Rose covers all things cryptocurrency, DeFi, NFTs, stock picks, and more.
Subscribe via Apple Podcasts, Spotify, or RSS.
Techmeme Ride Home:
Mon. 04/12 - Microsoft Acquires Nuance
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 7:40 PM ET, March 5, 2021.

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.

More News

Varun Mishra / Counterpoint Research:
Bennett Cyphers / Electronic Frontier Foundation:

Earlier Picks

Makena Kelly / The Verge:
Saqib Shah / Engadget:
Tom Warren / The Verge:
Brian Krebs / Krebs on Security: