Techmeme
August 25, 2021, 3:45 PM

Top News

Insider:
In an abrupt reversal, OnlyFans suspends its October 1 policy change banning porn after securing “assurances” and aims to provide “a home for all creators”  —  - OnlyFans is reversing its recent decision to ban porn.  — It had planned to prohibit sexually explicit …
Joan E. Solsman / CNET:
YouTube says it has removed over 1M videos related to COVID misinfo since February 2020, and says it removes 10M videos a quarter, most of which have <10 views  —  But the 1 million coronavirus-related takedowns since the start of the pandemic are difficult to put in context, because of YouTube's gigantic scale.
Jay Peters / The Verge:
Fitbit announces Charge 5 with a rounded design, a larger and brighter color AMOLED display, GPS, and more, arriving in the fall for $179.95  —  It costs $179.95 and will be out this fall  —  Following a couple of big leaks, Fitbit is officially announcing the Charge 5 …
The Markup:
How Fannie and Freddie requiring mortgage lenders use its credit scoring algorithm leads to a disproportionately high number of Black applicants being rejected  —  These two people applied for loans in Chicago, Ill., in 2019.  —  They both earned $350K-$400K  —  and their debt level was healthy.
Kurt Wagner / Bloomberg:
Facebook's David Marcus says Novi digital wallet is “ready now”, but will wait for the Diem currency, and it is “definitely looking at” building NFT features  —  Social network is ‘definitely looking’ at digital assets as part of push into financial products, executive says
Brian Heater / TechCrunch:
Meditation app Headspace unveils plans to merge with Ginger, an on-demand mental health service, in a deal valuing the combined company at $3B  —  Meditation app Headspace this morning announced plans to merge with on-demand mental health service, Ginger.  Barring unforeseen regulatory roadblocks …
Matthew Ball / MatthewBall.vc:
A deep look at why expanding into gaming is so important to Netflix, the competition it faces from games like Fortnite, and what its current strategy looks like  —  In 2018, I released the third entry in my “Netflix Misunderstandings” series: “Netflix Isn't Being Reckless, It's Just Playing a Game No One Else Dares.”
Washington Post:
A look at Vaccine Talk, a tightly moderated Facebook group for vaccine skeptics with ~70K members that aims to change their minds with evidence-based info  —  As social media giants struggle to crack down on false claims about covid, ordinary users are finding ways to reach vaccine skeptics — and win them over.
Tech Transparency Project:
Investigation finds underage users can easily evade age limits on ~80 apps on Apple's App Store, such as dating, sex, and gambling apps restricted to ages 17+  —  Apple just announced new steps to flag child sex abuse images on iPhones.  But a TTP investigation shows that Apple's App Store is rife with child safety problems.
Richard Milne / Financial Times:
Klarna says losses in Q2 soared to $111M, up from $10M in Q2 2020, as credit defaults doubled, driven by an expansion in new markets  —  Swedish ‘buy now, pay later’ start-up continues rapid expansion in new markets  —  Klarna's losses increased significantly in the second quarter …
Source: KlarnaMore: Dow Jones Newswires
Joshua Benton / Nieman Lab:
Facebook's most-viewed story in Q1, a Chicago Tribune story linking a man's death to COVID vaccines, shows why publishers should consider how content is shared  —  On Friday, The New York Times had a scoop.  Facebook — that known vector for the spread of kid photos, neighborhood goings-on …
Sean Lyngaas / CyberScoop:
Interview with CISA Director Jen Easterly on attack prevention, hiring new staff, improving CISA's ability to scan federal networks for malicious code, and more  —  U.S. cybersecurity officials have scrambled to respond to one major hacking incident after another over the past nine months …
Ryan Browne / CNBC:
Microsoft says that Xbox Cloud Gaming will expand beyond PC and mobile to its Xbox Series X, Xbox Series S, and Xbox One consoles this holiday season  —  - Microsoft said its Xbox Cloud Gaming service will arrive on console this holiday.  — Cloud gaming lets people stream games over the internet rather than install them locally.
Jessica Guynn / USA Today:
Study details how people use hashtags, video effects, and music on TikTok to promote hate against Asians, women, Muslims, Jews, and Black and LGBTQ people  —  Despite pledges to crack down on hatred, TikTok is still trafficking in short-form videos that promote white supremacy and anti-Black racism …
Mary Ann Azevedo / TechCrunch:
Knoetic, which builds software for HR departments, comes out of stealth with $18M Series A led by Accel  —  Knoetic, a startup that has built a software analytics platform for chief people officers, emerged from stealth today with $18 million in Series A funding.

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