Techmeme
November 2, 2021, 2:45 AM

Top News

Nikkei Asia:
Sources: Apple has cut back on iPad production to allocate more chips to the iPhone 13; iPad production was down 50% from original plans for the past two months  —  U.S. tech giant produces 50% fewer tablets than planned in September-October  —  TAIPEI — Apple has cut back sharply …
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.
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 …
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 …
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 …
Reuters:
Leaked memo: TikTok CEO Shou Zi Chew will step down as ByteDance's CFO to focus on running TikTok full time  —  TikTok Chief Executive Officer Shou Zi Chew will step down as its parent ByteDance's chief financial officer (CFO) to focus on running the short video business full time …
More: CNET and Bloomberg
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
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 …
Rolfe Winkler / Wall Street Journal:
Dade Hayes / Deadline:
DGene, which uses AI to create holograms of humans and objects for use in AR/VR glasses and holographic displays, raises a $20M Series A led by Alibaba  —  EXCLUSIVE: DGene, an emerging content creation company involved in virtual production and immersive entertainment, has raised a $20 million Series A funding round led by Alibaba.
Source: PR NewswireMore: FinSMEs
The Verge:
Kate Park / TechCrunch:
South Korea-based autonomous “Transportation as a Service” TaaS startup 42dot raises a $88.5M Series A, source says at a $425M valuation  —  42dot, a South Korea-based autonomous Transportation-as-a-Service (TaaS) startup, announced today it has raised $88.5 million (104 billion WON) …
Krystal Hu / Reuters:
Hong Kong-based Sandbox, which lets users build a virtual world using NFTs, raises $93M led by SoftBank's Vision Fund 2  —  The Sandbox, a Hong Kong-based gaming platform that allows users to build a virtual world using non-fungible tokens (NFTs), has raised $93 million from investors led …

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