Techmeme
April 6, 2021, 5:55 PM

Top News

Andy Greenberg / Wired:
Signal says it has added support for privacy-focused cryptocurrency MobileCoin to let users send and receive money, starting in the UK on iOS and Android  —  The encrypted messaging app is integrating support for MobileCoin in a bid to keep up with the features offered by its more mainstream rivals.
Katie Roof / Bloomberg:
Sources: Clubhouse is in talks to raise funding from investors in a round valuing the business at about $4B, following its reported valuation of ~$1B in January  —  Clubhouse, the buzzy audio-based social network, is in talks to raise funding from investors in a round valuing the business …
James T. Areddy / Wall Street Journal:
China is pitching the digital yuan as a way to soften the power of US sanctions, which are increasingly being used against Chinese companies and individuals  —  A cyber yuan stands to give Beijing power to track spending in real time, plus money that isn't linked to the dollar-dominated global financial system
Jeff John Roberts / Decrypt:
Ahead of its April 14 direct listing, Coinbase reports a record quarter, with estimated profits of $730M-$800M in Q1 on revenue of ~$1.8B and 56M verified users  —  Coinbase announced its 2021 first quarter earnings on Tuesday, revealing that the crypto giant made a profit of between $730 million …
BuzzFeed News:
Source shares data on 1,803 US taxpayer-funded orgs using Clearview AI; many cops used its facial recognition without higher-ups knowing or after a local ban  —  A controversial facial recognition tool designed for policing has been quietly deployed across the country with little to no public oversight.
Pranob Mehrotra / XDA Developers:
Bloomberg:
Companies that make $1 display driver chips can't keep up with surging demand, causing serious production problems for products with LCD displays like laptops  —  - Without a display driver chip, you can't build your product  — CEO says he can't “see the light at the end of tunnel yet.”
Jon Porter / The Verge:
TikTok says creators will soon be able to add automatic captions to videos in US English and Japanese with support for other languages “in the coming months”  —  Launching in American English and Japanese first  —  TikTok creators will soon be able to add automatically-generated captions …
Jacob Kastrenakes / The Verge:
YouTube says that 18 out of every 10K views in Q4 2020 were of videos that violate its policies, down from 72 out of every 10K views in Q4 2017  —  ‘Violative View Rate’ fell steeply after 2017  —  YouTube wants the world to know that it's doing a better job than ever of enforcing its own moderation rules.
Atul Bhattarai / Rest of World:
A look at the rise and fall of India's missed call industry, which was transformed by Twitter-owned ZipDial that serviced 5M missed calls a day at its peak  —  In the age of expensive data, missed calls became more than just a cheap way to communicate.  But in India, technology moves faster than you'd think.
Washington Post:
A Facebook recruiter, Rhett Lindsey, who left after 11 months, and others say Facebook's hiring processes are problematic and will hinder diversity goals  —  The recruiter quit after 11 months, adding fuel to claims that it discriminates against Black applicants
Andrei Frumusanu / AnandTech:
Review of Intel's Ice Lake Xeon Scalable CPUs, its first server chip design using a 10nm process, which sees large increases in performance for many workloads  —  The launch of Intel's Ice Lake Xeon Scalable processors has been in the wings for a number of years.
Sarah Perez / TechCrunch:
Apple launches an app for enterprises to test devices that work with Apple's Find My network, ahead of its expected launch of its own new AirTags accessory  —  Apple has launched a new app, Find My Certification Asst., designed for use by MFi (Made for iPhone) Licensees …
Todd Spangler / Variety:
E3 will take place as a free virtual conference on June 12-15 and organizers say an in-person event will happen in LA in 2022  —  The Entertainment Software Association (ESA) announced plans for a “reimagined” all-virtual E3 2021, set to take place June 12-15, 2021, featuring news and game reveals.
Debby Wu / Bloomberg:
Foxconn Q1 revenue jumps 44% YoY to $47B based on robust demand for Apple's new 5G devices and other gadgets  —  - Consumers continue to buy devices to stay connected at home  — Company warns component shortage will affect 10% of shipments  —  IPhone assembler Hon Hai Precision Industry Co.'s …
Paul R. La Monica / CNN:
NonFungible.com data shows the average price of an NFT has dropped from over $4,000 in late February to ~$1,256 on April 5  —  New York (CNN Business)Non-fungible tokens, or NFTs, are all the rage.  But their popularity may have already peaked.  Prices of NFTs, the digital certificates …
Robert Hackett / Fortune:
Australian online design service Canva has raised $71M, valuing the company at $15B, up from its $6B valuation last June  —  Subscribe to Term Sheet, a daily brief on the biggest deals and dealmakers, delivered free to your inbox.  —  Melanie Perkins has come a long way since founding a high school yearbook business in 2006.
More: ReutersThanks:@pizzatime

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Filipe Espósito / 9to5Mac:
Carolyn Said / San Francisco Chronicle:
Clubhouse:
Tucker Higgins / CNBC:
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Aaron Holmes / Insider: