Techmeme
October 1, 2021, 6:55 PM

Top News

Wall Street Journal:
Google scraps plans for mobile-first bank accounts service Plex; sources say the move follows April departure of a Google Pay exec who championed the project  —  Tech giant had partnered with Citigroup and other banks on ‘Plex’ accounts that would sync with Google Pay
Lawrence Abrams / BleepingComputer:
Coinbase says a threat actor stole cryptocurrency from 6,000 customers between March and May 20 using a vulnerability in its SMS multi-factor authentication  —  Crypto exchange Coinbase disclosed that a threat actor stole cryptocurrency from 6,000 customers after using a vulnerability to bypass …
Tom Warren / The Verge:
Microsoft details Office 2021 features and pricing ahead of Oct. 5 release: Office Home and Student will cost $150 and Office Home and Business will cost $250  —  Microsoft is launching Office 2021 on October 5th, and the company is finally detailing the features and pricing today.
Chance Miller / 9to5Mac:
Apple rolls out iOS 15.0.1 and iPadOS 15.0.1, with bug fixes for multiple issues, including Unlock with Apple Watch on iPhone 13  —  One week after the release of the iPhone 13 and iOS 15, Apple is rolling out a bug fix update with some notable improvements. iOS 15..1 and iPadOS 15..1 …
Amanda Silberling / TechCrunch:
Senators grilled Facebook exec Antigone Davis at a hearing about Instagram's impact on teens and were frustrated by her reticence to answer questions directly  —  Last night, Facebook published two annotated slide decks in an attempt to contextualize the documents that the Wall Street Journal published …
Wall Street Journal:
The Verge:
MacKenzie Sigalos / CNBC:
DeFi staking protocol Compound's founder threatens to doxx users to IRS if they don't return $90M worth of tokens mistakenly sent due to a bug  —  - About $90 million has mistakenly gone out to users of popular DeFi staking protocol Compound and the founder is begging users to voluntary return the tokens.
Sean Lyngaas / CNN:
President Biden to convene a 30-country meeting this month to try to ramp up global efforts to address the ransomware threat  —  (CNN)The White House will convene a 30-country meeting this month to try to ramp up global efforts to address the threat of ransomware to economic and national security …
Joyce Lee / Reuters:
South Korean ISP sues Netflix over costs for traffic surge from hit shows, after a court said Netflix should “reasonably” pay ISPs for network usage  —  South Korean Internet service provider SK Broadband has sued Netflix (NFLX.O) to pay for costs from increased network traffic …
Amanda Silberling / TechCrunch:
Clubhouse announces several features, including Clips, letting listeners snip 30 seconds of audio, and Replay, which lets hosts record a room  —  Clubhouse announced today that it is unveiling four new features: Clips, Replay, Universal Search and spatial audio for Android (which already exists on iOS).
The Markup:
A look at the $12B location data industry, including how collectors, aggregators, and marketplaces monetize user data  —  A huge but little-known industry has cropped up around monetizing people's movements  —  Companies that you likely have never heard of are hawking access to the location history on your mobile phone.
Mary Ann Azevedo / TechCrunch:
Vareto, which makes software to help companies with financial planning, raises $4.2M seed led by Menlo Ventures and $20M Series A led by GV  —  Vareto, a startup aiming to help companies conduct more forward-looking financial planning and analysis, is coming out of stealth today with $24 million in total funding.
Matt Novak / Gizmodo:
Slack says the service was down for many users worldwide since late Thursday afternoon due to a DNS issue  —  The workplace messaging app might not be restored until 5 p.m. ET on Friday for some people.  —  Alerts  —  It's not just you.  Slack has been down for many people worldwide …
Wall Street Journal:
Sources: Biden administration is considering ways to impose bank-like regulation on stablecoin issuers, including prodding them to register as banks  —  Move would aim to address concerns that the digital currency could fuel financial panics  —  WASHINGTON—The Biden administration …
Ingrid Lunden / TechCrunch:
Austria-based PSPDFkit, which provides APIs and an SDK for document processing, raises €100M, its first outside investment, from Insight Partners  —  An under-the-radar, bootstrapped startup from Vienna, Austria — a hit with developers for technology that underpins user experience …

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More News

Mark Harris / Wired:

Earlier Picks

Zoe Schiffer / The Verge:
Jordan Novet / CNBC:
Bethany Allen-Ebrahimian / Axios:
William Gallagher / AppleInsider:
Aislinn Keely / The Block: