Techmeme
November 1, 2021, 10:25 PM

Top News

Sami Fathi / MacRumors:
Some Mac owners report that upgrading to macOS Monterey bricked their computer  —  macOS Monterey, released last week as the latest version of macOS, is bricking older Mac computers, rendering them unusable and unable to even turn on, according to a number of reports from users across social media and online forums.
Nikhilesh De / CoinDesk:
Biden admin urges Congress to subject stablecoin issuers to federal oversight like banks and limit their interactions with non-financial companies, such as Meta  —  If U.S. lawmakers don't act, regulators have the authority to take their own measures, according to the long-awaited report …
Mark Gurman / Bloomberg:
Chip shortage hits Apple at the worst possible time ahead of the holidays, and Meta and Apple are set to be smartwatch and mixed reality headset rivals in 2022  —  Apple had seemingly avoided the chip shortage for months, but the company's fortunes have now changed.
Rolfe Winkler / Wall Street Journal:
Financial Times:
Meta takes down a troll farm run by the Nicaraguan government since 2018 that involved 937 Facebook accounts, 140 Pages, 24 Groups, and 363 Instagram accounts  —  Company says it took down hundreds of accounts, pages and groups ahead of Sunday's election  —  Meta's Facebook has accused …
Paul Vigna / Wall Street Journal:
Digital Currency Group raises $700M at a $10B+ valuation led by SoftBank's Vision Fund 2 and Latin America Fund, with CapitalG and others participating  —  The Grayscale and CoinDesk owner sells $700 million of shares at a $10 billion valuation, in a funding round led by two SoftBank funds
The Verge:
Bloomberg:
Sources: Zillow is pitching institutional investors on the sale of 7K homes for ~$2.8B to recover from buying too many, which it blames on its bidding algorithm  —  - Online listing giant has been buying thousands of homes  —  Zillow Group Inc. is looking to sell about 7,000 homes as it seeks …
Zack Zwiezen / Kotaku:
After a three-day outage, Roblox says it is back online  —  According to Roblox's status page, all versions of the game have been down since Oct 28 starting at 7 pm EST  —  Roblox, one of the most popular games in the world, has been down for over a day now and while many frustrated players …
Zheping Huang / Bloomberg:
Kuaishou's CEO Su Hua is stepping down, will remain chairman of the short-form video company; fellow co-founder Cheng Yixiao will be the new CEO  —  - Billionaire Su Hua cedes CEO role to co-founder Cheng Yixiao  — Su will focus on long-term strategy at the TikTok rival

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Earlier Picks

Axios:
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