Techmeme
April 7, 2021, 7:30 AM

Top News

Lily Hay Newman / Wired:
Facebook says the leaked 533M records are a different data set that attackers created by abusing a flaw in a Facebook contacts import feature, not by hacking  —  The company's explanations have been confusing and inconsistent, but there are finally some answers.
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 …
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.
Annie Palmer / CNBC:
Jeff Bezos says Amazon supports a rise in the corporate tax rate and making bold investments in US infrastructure, but stops short of supporting Biden's plan  —  - Amazon CEO Jeff Bezos on Tuesday voiced support for raising the corporate tax rate but stopped short of saying he supports President Joe Biden's plan for the increase.
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 …
Maria Armental / Wall Street Journal:
Patreon raises $155M Series F led by Tiger Global Management at a $4B valuation, up from $1.2B in September, bringing its total raised to $411M  —  Online company raises $155 million in latest round, led by new investor Tiger Global Management  —  Patreon Inc., an online platform …
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.
Lauren Goode / Wired:
A first person narrative on the persistence of digital memories and how social media and photo apps that surface old photos make painful memories hard to forget  —  In 2019, I made a painful decision.  But to the algorithms that drive Facebook, Pinterest, and a million other apps, I'm forever getting married.
Parmy Olson / Wall Street Journal:
UK launches the Digital Markets Unit, a watchdog with limited powers, initially tasked with stopping big tech companies from exploiting market dominance  —  Digital Markets Unit to police how largest global technology firms wield their market power  —  LONDON—The U.K. launched …
Amplifi Media:
Apple podcast data indicates that there are 2M podcasts, but of those, 26% only have one episode, 44% have three or fewer, and only 36% have 10+ episodes  —  Today's post breaks down the numbers of how many podcasts you're actually up against.  —  It seems everyone has a podcast.  Or do they?
Pranob Mehrotra / XDA Developers:
Alnoor Peermohamed / The Economic Times:
API Holdings, the parent company of Indian online pharmacy Pharmeasy, raises $350M; sources say the deal gives Pharmeasy a post-money valuation of $1.5B  —  Bengaluru: Prosus Ventures and US-based private equity firm TPG Capital are leading an investment of $350 million (about Rs 2,570 crore) …
BuzzFeed News:
Report: employees at 1,803 public agencies in the US used Clearview AI for ~340K facial recognition searches without informing the public or their departments  —  A controversial facial recognition tool designed for policing has been quietly deployed across the country with little to no public oversight.
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 …
Kyle Wiggers / VentureBeat:
Google open sources Lyra in beta, an audio codec that uses ML to create high-quality voice calls for low-bandwidth networks or archiving large amounts of speech  —  Google today open-sourced Lyra in beta, an audio codec that uses machine learning to produce high-quality voice calls.

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Earlier Picks

Washington Post:
Andrei Frumusanu / AnandTech:
Paul R. La Monica / CNN:
Bloomberg: