Techmeme
October 22, 2021, 8:20 PM

Top News

Craig Timberg / Washington Post:
A new whistleblower, a former member of Facebook's Integrity team, files an SEC complaint alleging Facebook prized profits over fighting hate speech and misinfo  —  Latest complaint to the SEC blames top leadership for failing to warn investors about serious problems at the company
Brandy Zadrozny / NBC News:
Internal docs: Facebook employees created a test account in 2019 and within days it was recommended extreme and conspiratorial content, including QAnon Groups  —  In the summer of 2019, a new Facebook user named Carol Smith signed up for the platform, describing herself as a politically conservative mother …
New York Times:
Docs show Facebook employees alerted the company about misinformation before and after Election Day, but felt that Facebook failed or struggled to address it  —  Company documents show that the social network's employees repeatedly raised red flags about the spread of misinformation …
Adi Robertson / The Verge:
Software Freedom Conservancy says TRUTH Social violates Mastodon's open source code licensing terms by not sharing its source code, gives it 30 days to comply  —  Truth Social ripped off open-source platform Mastodon  —  The Software Freedom Conservancy (SFC) says former President Donald Trump's …
Drew Harwell / Washington Post:
New York Times:
Russia says its deep packet inspection tech is now installed at 500 telco locations, covering 100% of mobile traffic and 73% of broadband  —  Russia's boldest moves to censor the internet began in the most mundane of ways — with a series of bureaucratic emails and forms.
The Information:
Sources: over 12 news outlets, including AP and Fox Business, formed a consortium to sift leaked Facebook docs from Frances Haugen, reporting stories separately  —  It's not often that major news organizations coordinate to sift through a large trove of leaked company documents and agree …
Leah Nylen / Politico:
Ian Allison / CoinDesk:
Walmart is testing letting shoppers buy bitcoin at 200 Coinstar kiosks in its US stores through a Coinme partnership  —  Walmart, the world's largest company by revenue, is letting customers buy bitcoin at dozens of its U.S. stores.  —  Shoppers can purchase the cryptocurrency …
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  —  Ride-hailing company's first safety report came nearly 2 years after Uber released a similar set of data for its app
Kif Leswing / CNBC:
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 …
Victoria Guida / Politico:
Sources: during the final days of the Trump presidency, OCC quietly determined that banks can legally trade cryptocurrencies on behalf of clients  —  A formal move to green-light crypto trading by banks would probably be met with resistance by advocates of tough financial rules.
More: CoinDesk
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.

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