Techmeme
October 20, 2021, 10:50 PM

Top News

Bloomberg:
Sources: PayPal has approached Pinterest about an acquisition, potentially valuing it at $39B; Pinterest stock had dropped 16% this year but is up 10%+ today  —  PayPal Holdings Inc. is exploring an acquisition of social media company Pinterest Inc., people with knowledge of the matter said, Bloomberg News reports.
Emily Birnbaum / Politico:
Source: Pierre Omidyar's philanthropic organization Luminate handles Frances Haugen's PR in Europe; Omidyar donated $150K to Whistleblower Aid in 2020  —  Support from eBay-founder-turned-tech-critic Pierre Omidyar is helping Frances Haugen take on one of the world's most powerful companies.
Casey Newton / Platformer:
Sources: Mark Zuckerberg has not settled on a new name for Facebook, which could be announced as early as Monday  —  See you Monday!  —  Facebook is changing its name.  Perhaps you heard.  The news was broken by Alex Heath of The Verge on Tuesday night, and I've since confirmed it with sources of my own.
Alex Heath / The Verge:
Ellen Nakashima / Washington Post:
US Commerce Department announces rules banning the export or resale of hacking tools to China, Russia, and other countries of concern  —  The Commerce Department on Wednesday announced a long-awaited rule that officials hope will help stem the export or resale of hacking tools to China …
Tom Warren / The Verge:
Microsoft begins letting Windows 11 beta testers try Android apps from the Amazon Appstore, starting with 50 apps  —  Beta Channel testers get access first  —  Microsoft is now allowing Windows 11 testers to try out Android apps.  A preview version of the Windows Subsystem for Android …
Manish Singh / TechCrunch:
Twitter acquires London-based Sphere, which develops a group chat app and has raised $30M to date  —  Twitter has acquired London-based Sphere, which operates an eponymous groups chat app, the latest in a series of recent moves from the social network as it looks to aggressively broaden and improve its product offerings.
Aisha Counts / Protocol:
Since May, Google says it has blocked 1.6M messages and restored ~4,000 YouTube influencer accounts affected by a phishing campaign offering fake collaborations  —  A network of Russian-speaking hackers are phishing YouTube influencers with fake collaboration offers in order to hijack their accounts …
Todd Spangler / Variety:
Spotify partners with Shopify to let artists list merch on profiles for $29/month to $299/month, starting in the US, UK, Canada, Australia, and New Zealand  —  Spotify on Wednesday announced a new partnership with ecommerce provider Shopify to let artists list merchandise directly on their profiles …
ABC News:
Trump announces the Trump Media & Technology Group and TRUTH Social, a social network coming in Nov. to “stand up” to Big Tech, in the App Store for preorder  —  The former president has been banned from several platforms.  —  Silenced by many major platforms …
Cecilia Kang / New York Times:
District of Columbia AG Karl Racine adds Mark Zuckerberg to an ongoing privacy lawsuit, which began in 2018 following the Cambridge Analytica scandal  —  The District of Columbia case, which grew out of the Cambridge Analytica scandal, could expose the chief executive to financial and other penalties.
CoinDesk:
Bitcoin crosses $66K, an all-time high, after the ProShares Bitcoin Strategy ETF rose by nearly 5% on the NYSE  —  The latest rally appears fueled by the successful debut on Tuesday of the first U.S. bitcoin futures exchange-traded fund.  —  Bitcoin, the world's largest cryptocurrency …
Ron Miller / TechCrunch:
Hex, which simplifies storing and sharing large data sets with integrations for Snowflake, BigQuery, and others, raises a $16M Series A led by Redpoint Ventures  —  Data is everywhere inside organizations, and employees are increasingly trying to find ways to put it to work to improve business outcomes.
James Vincent / The Verge:
A look at Ask Delphi, a research project by the Allen Institute for AI that offers answers to ethical dilemmas, often with bewildering responses  —  A fascinating project that's best understood as a cautionary tale  —  Got a moral quandary you don't know how to solve?  Fancy making it worse?
Benedict Evans / @benedictevans:
[Thread] Analysis of FTC's report on Big Tech's startup M&A between 2010 and 2019: half of the deals were <$10M, most had <10 people and were US-based, and more  —  A common talking point in tech anti-trust: big tech companies have made hundreds of acquisitions in recent years, and almost none were reviewed, let along stopped. So, last month the FTC released some actual data, for Google, Apple, FB, Amazon and Microsoft. 🧵 https://twitter.com/...
Harry McCracken / Fast Company:
Profile of Asana as it announces an Enterprise Work Graph, Workflow Builder, APIs for integrating with CRM tools, and more  —  When people first started to take note of a fledgling company called Asana a dozen years ago, the big news was that it had been started by Facebook cofounder Dustin Moskovitz along …
Source: Asana.  More: ZDNet.  Thanks:@technologizer
Adi Robertson / The Verge:
Facebook will start demoting all Groups content from users who have violated policies elsewhere on the site, and will let admins review flagged content  —  It's also got a new moderation tool for admins  —  Facebook will start demoting all Groups content from people who have violated its policies elsewhere across the platform.
More: TechCrunch, CNET, and Engadget
Yogita Khatri / The Block:
Sommelier Finance, which offers an automated DeFi portfolio manager, raises a $23M Series A led by Polychain Capital  —  Sommelier Finance, a crypto project that helps automate DeFi trading, has raised $23 million in a Series A funding round.  —  The round was led by Polychain Capital …

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