Techmeme
October 22, 2021, 6:35 AM

Top News

Anna Kramer / Protocol:
Twitter says its research shows its algorithms amplify right-leaning content more than left-leaning content, but doesn't know what causes the amplification  —  Twitter is publicly sharing research findings today that show that the platform's algorithms amplify tweets from right-wing politicians …
Reuters:
Sources: ransomware gang REvil was hacked and forced offline this week by an active multi-country operation that includes US law enforcement  —  The ransomware group REvil was itself hacked and forced offline this week by a multi-country operation, according to three private sector cyber experts working …
Salvador Rodriguez / CNBC:
Snap Q3: $1.07B revenue, up 57% YoY, vs. $1.10B est., DAUs up 23% to 306M, net loss down 64% to $72M, blames iOS ATT changes for revenue miss; stock down 20%+  —  - Snap reported its third-quarter earnings on Thursday, missing revenue expectations after Apple's iPhone privacy changes disrupted its advertising business.
Kif Leswing / CNBC:
Intel reports Q3 revenue of $18.1B, up 5% YoY, vs. $18.2B est., Client Computing Group revenue fell 2% to $9.7B due to component shortages; stock down 10%+  —  - Intel reported third-quarter earnings on Thursday.  — The semiconductor company is in a period of massive capital expenditure …
Sami Fathi / MacRumors:
Apple says the 16-inch MacBook Pro with M1 Max will feature a High Power Mode for intensive, sustained workloads  —  The new 16-inch MacBook Pro with the M1 Max Apple Silicon chip will feature a new High Power Mode for intensive, sustained workloads, according to Apple.
Tonya Riley / CyberScoop:
FTC study on the six largest ISPs finds that some fail to fully inform consumers on how their data is monetized, such as using browsing history to serve up ads  —  Internet service providers fail to disclose to consumers how they use sensitive data, obscure privacy practices and making …
Drew Harwell / Washington Post:
The TOS for TRUTH Social shows it bans “excessive use of capital letters”, reserves the right to ban users, and hopes to benefit from Section 230 protections  —  Truth Social has some unusual rules for a Trump-run site: It reserves the right to ban users and safeguard itself from lawsuits with Section 230 protections.
ABC News:
Joseph Cox / VICE:
Ryan Browne / CNBC:
Sam Altman's Worldcoin launches its cryptocurrency that it gives in exchange for users' eye scans, says it has 100K users globally and is valued at $1B  —  - Tech millionaire Sam Altman's new start-up Worldcoin uses orb-shaped devices to scan people's eyes in exchange for free cryptocurrency.
The Markup:
Analysis of 23K+ websites of nonprofits: about 86% had third-party cookies or trackers, with some, like Planned Parenthood, tracking user keystrokes  —  Such organizations often deal in sensitive issues, like mental health, addiction, and reproductive rights—and many are feeding data about website visitors to corporations
Dieter Bohn / The Verge:
Mary Ann Azevedo / TechCrunch:
Sources: Brex, which offers credit cards tailored to startups, raises $300M at a $12.3B valuation, following a $425M Series D at a $7.4B valuation in April  —  Fast-growing fintech Brex has raised $300 million in funding that propels it to decacorn status, just six months after it was valued at $7.4 billion …
Catherine Shu / TechCrunch:
Hong Kong-based XanPool, whose software facilitates faster crypto and fiat settlements, raises a $27M Series A led by Valar Ventures  —  XanPool, a payment infrastructure provider that facilitates faster crypto and fiat settlements, announced today it has raised a $27 million Series A led by Valar Ventures.
Mary Ann Azevedo / TechCrunch:
Pomelo, which was founded earlier this year to make fintech-as-a-service infrastructure for LatAm businesses, raises a $35M Series A led by Tiger Global  —  Just over five months after raising a $9 million seed funding round, Latin American fintech Pomelo announced today that it is raising $35 million …
Faiz Siddiqui / Washington Post:
Lyft releases its first safety report, says it received 4,000+ reports of sexual assault, including 360 reports of rape, on its app from 2017 through 2019  —  The company's first safety report came nearly two years after Uber released a similar set of data for its app.
More: Lyft and Lyft
Shiyin Chen / Bloomberg:
China hints its regulatory crackdown on tech may be ending as its financial regulator says he expects significant progress in regulation of fintech by year end  —  - More than half of proposed fintech fixes have been implemented  — Remarks add to optimism that tech crackdown is near end

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