Techmeme
November 5, 2021, 4:30 PM

Top News

Mike Isaac / New York Times:
Sources: Meta has discussed opening retail stores globally to showcase devices made by its Reality Labs division, like VR headsets and, eventually, AR glasses  —  The social networking company has discussed opening physical stores to showcase its virtual reality and augmented reality devices.
Benjamin Mayo / 9to5Mac:
Report: Apple and TSMC plan to produce 3nm chips for Macs as soon as 2023, with as many as four dies and up to 40 CPU cores per chip  —  Apple is taking the PC world by storm with its first debut of Apple Silicon chips inside of Macs, taking what it learned from developing the iPhone and iPad …
Wall Street Journal:
Internal docs: a Facebook well-being team's survey found 12.5% of participants reported compulsive use of Facebook that negatively impacted their lives  —  The app hurts sleep, work, relationships or parenting for about 12.5% of users, who reported they felt Facebook was more of a problem than other social media
Rebecca Bellan / TechCrunch:
Lime raises $523M in convertible debt and term loan financing and says it plans to go public next year  —  Shared electric micromobility giant Lime has closed a $523 million raise in convertible debt and term loan financing, money that Lime CEO Wayne Ting says is the next step on the company's path to going public next year.
Balaji Srinivasan / @balajis:
Kurt Wagner / Bloomberg:
Square reports Q3 revenue of $3.84B, up 27% YoY but missing $4.51B estimates, bitcoin revenue of $1.81B, up 11% YoY, and gross payment volume of $45.4B, up 43%  —  - Overall third-quarter sales fall short of analysts' estimates  — Gross profit was up 43% from the same period a year earlier
Muhdan Saglam / Middle East Eye:
Turkish live streamers expose a fraud ring that used Twitch's Bit platform to launder ~$10M; Twitch says it has taken action against 150 users  —  Hundreds of streamers said to have taken 20 percent cut to help launder money stolen by hackers through credit cards
Katie Jennings / Forbes:
Papa, which connects elderly Americans with virtual and physical companions, raises a $150M Series D led by Vision Fund 2 at a $1.4B valuation  —  I am a staff writer covering healthcare.  Email me at kjennings@forbes.com.  —  Andrew Parker's grandfather needed help, but he didn't need a doctor.
Anna Pruchnicka / Reuters:
Polish e-commerce company Allegro to buy Czech online retailer Mall Group for about $1.02B  —  (Reuters) -Polish e-commerce group Allegro has agreed to buy Czech online retailer Mall Group for 881 million euros ($1.02 billion) to create a regional platform, sending its shares up as much as 11%.
More: PYMNTS.com
Anton Shilov / Tom's Hardware:
Intel to acquire part of Taiwan-based VIA Technologies' Centaur x86 CPU subsidiary for $125M  —  As Intel speeds up development, Via scales it down.  —  Via Technologies announced plans to offload part of its Centaur Technology x86 CPU subsidiary to Intel for $125 million.
Takashi Mochizuki / Bloomberg:
Nintendo president says he doesn't “see a sign of the component shortages recovering” as the company cuts Switch sales target for FY 2021 from 25.5M to 24M  —  - Company upgrades operating profit outlook citing FX rates  — Sustaining sales momentum will depend heavily on OLED model

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