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November 12, 2021, 2:20 PM
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| Hannah Murphy / Financial Times: |
In internal memo, Andrew Bosworth says he wants the metaverse to have “almost Disney levels of safety” but that moderation at scale “is practically impossible” — Internal memo from Andrew Bosworth lays out the scale of the challenge
More:
Wall Street Journal and Wall Street Journal
| Drew Harwell / Washington Post: |
US contract lawyers say remote work surveillance programs, which utilize facial recognition, have become widespread in the industry — The attorneys worry that if law firms, traditionally the defenders of workers' rights, are turning to the programs, why wouldn't every other business?| Katie Silver / BBC: |
Alibaba's annual Singles Day event sees 8.5% YoY sales growth, the slowest since its launch in 2009, but customer spending still hit a record $84.5B — Chinese e-commerce giant Alibaba's Singles Day is known for being the world's biggest online shopping extravaganza.
More:
CNBC, AppleInsider, iThinkDifferent, PYMNTS.com, iMore, Reuters, The Guardian, iPhone Hacks, CNN, and Wall Street Journal
| Politico: |
A look at the relationship between Frances Haugen and the anti-tech lobbying group Reset, which guided her through the complex world of European policymaking — As soon as Frances Haugen landed in Europe, she was given the VIP treatment. She met senior officials in Paris, Berlin and London.| Andrew Perrin / Pew Research Center: |
Survey: 16% of US adults, including 43% of men aged 18 to 29, say they have invested in, traded, or used a cryptocurrency — The vast majority of U.S. adults have heard at least a little about cryptocurrencies like Bitcoin or Ether, and 16% say they personally have invested in …
More:
CNET, Cryptonews, TechSpot, and BitcoinExchangeGuide
Tweets: @delitzer, @brianroemmele, and @pewresearch
| Amanda Silberling / TechCrunch: |
Instagram tests paying $10,000+ bonuses to select Reels creators, as part of a program announced in July — Instagram really wants you to post Reels — they'll even pay you up to $10,000 for one, if you're lucky. — As TikTok surpasses the 1 billion monthly active users mark …
Source:
Instagram. More:
Gizmodo, Protocol, The Verge, Digital Trends, iMore, Mashable, KnowTechie, The Verge, BGR India, Bankless Times, iPhone Hacks, PhoneArena, Engadget, 9to5Mac, SAMAA, Social Media Today, and Tubefilter
Tweets: @_msalhotra, @cowbuttcrunchie, @positivesteven, @erikaheidewald, @yayahan, @yayahan, and @alex193a
| Robin Sloan / The Society of the Double Dagger: |
Web3 notes from a sci-fi writer and “enemy” of the tech: it shows new protocols are still possible, but is expensive, undemocratic, and impedes ephemerality — It's possible you have, in recent months, seen people writing with excitement (or curiosity, or consternation) about “Web3”.
Tweets: @caseynewton, @jasonschreier, @katiedreke, @arainert, @katherinemiller, @reedmaniac, @adora, @tynanpants, @codybrown, @mikeisaac, @levie, @alexhern, and @killedbygoogle
| Sarah Perez / TechCrunch: |
Spotify acquires audiobook distributor Findaway and says it expects the deal to close in Q4 2021 — In an effort to expand beyond music, Spotify has been investing hundreds of millions to build out its podcasts business. Now the company has set its sights on another form of audio …
Source:
Spotify. More:
PCMag, Financial Times, The Verge, Protocol, Axios, iMore, Input, Gizmodo, BGR India, Music Ally, Pocketnow, TechRadar, Silicon Republic, Variety, Tech Xplore, Android Police, Billboard, 9to5Mac, Good e-Reader, Bloomberg, Engadget, AppleInsider, and Hollywood Reporter
Tweets: @mignano, @goblinwriter, @stockthoughts81, @adamlukas17, @dcseifert, @martinsfp, and @sarthakgh
| Takashi Mochizuki / Bloomberg: |
Toshiba responds to shareholder pressure by announcing it will split into three companies, focusing on infrastructure, tech devices, and memory chips — - Plans 100 billion yen for shareholder returns over two years — Company has endured years of scandals and controversy
More:
BBC, Reuters, New York Times, Gizmodo, and Quartz
| Lorenzo Franceschi-Bicchierai / VICE: |
Google researchers found a watering hole attack in August exploiting a macOS zero-day and targeting Hong Kong pro-democracy sites; Apple patched on September 23 — “The nature of the activity and targeting is consistent with a government backed actor,” the Google researchers say.| Tanzeel Akhtar / CoinDesk: |
Forte, a blockchain-based gaming infrastructure startup, raises a $725M Series B led by Sea Capital and Kora Management, bringing its total funding to $900M — Forte will use the funding, which brings its total capital raised this year to more than $900 million, to expand its products and services.
More:
Blockworks, The Block, Business Wire, and VentureBeat
| Reuters: |
Foxconn beats estimates as Q3 net profit rose 20% YoY to $1.33B and warns its smartphone business revenue could slide more than 15% in Q4 — Taiwan's Foxconn (2317.TW), which assembles iPhones for Apple (AAPL.O), reported a better-than-expected third-quarter profit on Friday … | Taylor Hatmaker / TechCrunch: |
Discord CEO Jason Citron says the service has no plans to add crypto and NFT tools, following a backlash to an internal concept he shared on Twitter — Discord founder and CEO Jason Citron sought to reassure users Wednesday that the company doesn't have impending plans to shift its business toward NFTs.
Source:
@jasoncitron. More:
Ars Technica, Blockonomi, Android Headlines, Coinspeaker, Cointelegraph, Engadget, Twinfinite, Forkast, Fortune, PC Games Insider, ZDNet, Gizmodo, PC Gamer, CoinDesk, WeRSM, The Verge, VICE, Bloomberg, and Dot Esports
Tweets: @jasoncitron, @haydenzadams, @toadsanime, @froggyfrogster, @lukellios, @doodlemancyart, @danisylvini, @ricburton, @coinerstakingls, @joewintergreen, @asilbwrites, @tayhatmaker, @fluffysmolcloud, @antumbral, @ithayla, @cazlone, @flofluoro, @gempaw18, @panley01, @mdudas, @balajis, @tomwarren, @dclblogger, @cdixon, and @packym
| Maxwell Strachan / VICE: |
Interview with Sam Lessin and YouTuber Marina Mogilko about a $1.7M investment in her, in exchange for 5% of her creator-related earnings for the next 30 years — She gets $1.7 million. Sam Lessin's venture firm gets 5% of her creator earnings for 30 years. “it's def not indentured servitude,” he says.
Tweets: @lessin
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