Techmeme
August 19, 2021, 11:21 AM

Top News

Alex Heath / The Verge:
Facebook announces Horizon Workrooms, a virtual meeting space with avatars, spatial audio, a whiteboard, and more, in beta on Oculus Quest 2  —  It wasn't long into a recent press briefing I attended in virtual reality when Mark Zuckerberg showed up to talk about the metaverse.
Issie Lapowsky / Protocol:
Facebook, for the first time, shares a report on the most widely viewed domains, links, posts, and Pages on Facebook in the US during Q2  —  A video of two cats walking, tails intertwined, looking like the best of friends.  A resource site for Green Bay Packers alumni.
Ethan Zuckerman:
Facebook's new report reinforces its narrative that most content on the News Feed is not news, but doesn't provide enough data to make meaningful conclusions  —  What content is popular on Facebook?  —  This is a surprisingly difficult - and very important - question to answer.
Wall Street Journal:
Sources: Amazon plans to open several large physical stores across the US, starting in Ohio and California, to extend its reach in clothing and other areas  —  Online shopping pioneer wants a larger retail presence to sell clothing and household items and facilitate exchanges
Richard Waters / Financial Times:
Nvidia says its planned acquisition of Arm is unlikely to be completed within the planned 18-month time frame, due to investigations in the UK and China  —  US chipmaker acknowledges delay due to global regulatory scrutiny but remains confident of approval  —  Nvidia has admitted …
Wolfie Zhao / The Block:
Coinbase launches Coinbase Japan in partnership with Mitsubishi UFJ Financial Group, initially supporting the five highest-trading cryptocurrencies  —  Crypto exchange Coinbase is entering the Japanese market through its partnership with Japanese financial giant Mitsubishi UFJ Financial Group (MUFG).
Maggie Fitzgerald / CNBC:
Robinhood reports Q2 revenue of $565M, up 131% YoY, net loss of $502M, down from $58M net income in Q2 2020, and crypto revenue of $233M; stock down 5%+  —  Robinhood's revenue more than doubled in the second quarter to $565 million, bolstered by a massive surge in crypto trading …
Matt Robinson / Bloomberg:
SEC sues three ex-Netflix software engineers and two others for allegedly using confidential subscriber growth numbers to trade ahead of earnings announcements  —  - Group allegedly made $3 million in profits from illicit tips  — Scheme involved illegal trades on subscriber data, SEC says
Chaim Gartenberg / The Verge:
Intel details its Alder Lake lineup, coming this fall, which uses a 10nm process and offers hybrid performance and efficiency x86 cores  —  Coming this fall  —  Intel has spent much of 2021 announcing plans for its future: a new IDM 2.0 strategy, new naming schemes for its process nodes, and new desktop GPUs.
Joseph Cox / VICE:
Apple says NeuralHash flaw found by researchers in CSAM detection system was in a generic version of the software and not in the final version it plans to use  —  Apple said the version of NeuralHash analyzed by researchers is not the final version that will be used for iCloud Photos CSAM detection.
Dan Primack / Axios:
Sources: OnlyFans is struggling to find investors, possibly due to hosting adult content; Pitch Deck shows it predicts $5.9B GMV in 2021 and $1.2B net revenue  —  OnlyFans, the online creator platform known for its adult content, is struggling to find outside investors, according to multiple sources.
Dan Seifert / The Verge:
Samsung Galaxy Z Flip3 review: good inside screen and water resistant but long-term durability is unknown, cover screen is too small, and hard to use one-handed  —  Third time is maybe the charm  —  The story of folding phones thus far has been one of compromise.
Christine Hall / TechCrunch:
E-commerce infrastructure startup Nacelle raises $50M Series B from Tiger Global, six months after raising $18M Series A  —  Consumer shift to buying online during the global pandemic — and keeping that habit — continues to boost revenue for makers of developer tools that help e-commerce sites provide better shopping experiences.
Karissa Bell / Engadget:
Facebook says it took action against 12 COVID vaccine misinfo “superspreaders” but disputes claims that those 12 were responsible for 73% of misinfo on Facebook  —  Back in March, the Center for Countering Digital Hate (CCDH) published  —  a report linking more than two-thirds …
Chance Miller / 9to5Mac:
Netflix says it is now rolling out support for Spatial Audio on iPhones and iPads  —  Netflix has confirmed that it is now rolling out Spatial Audio support to its iPhone and iPad applications.  This enables an immersive experience using directional audio filters, and it has been a long time coming to Netflix users.
Pew Research Center:
Survey of 11,178 US adults: 48% say the government should restrict false info online, up from 39% in 2018; 59% think tech companies should, up from 56% in 2018  —  Amid rising concerns over misinformation online - including surrounding the COVID-19 pandemic, especially vaccines …
David Jeans / Forbes:
How Big Tech companies use shell corporations to get massive tax breaks from US cities for data centers that create few jobs and consume a lot of power  —  Local governments are dangling hundreds of millions of dollars in tax breaks to persuade companies like Facebook, Google and Microsoft to build server farms in their backyards.

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Tom Warren / The Verge:
Madhumita Murgia / Financial Times: