Techmeme
November 25, 2021, 7:50 AM

Top News

New York Times:
Adam Mosseri agrees to testify about Instagram's effects on teenage users before a Senate Commerce subcommittee during the week of December 6  —  Adam Mosseri, the head of Instagram, has agreed for the first time to testify before Congress, as bipartisan anger mounts over harms to young people from the app.
Michael McSweeney / The Block:
Coinbase acquires crypto wallet startup BRD and says BRD wallet users will have the option to migrate to the Coinbase wallet in 2022  —  Crypto exchange Coinbase has acquired the crypto wallet startup BRD, according to a notice from its leadership team.  —  In a letter address …
Nathaniel Mott / PCMag:
Check Point details MediaTek DSP firmware vulnerabilities in some Android smartphones that could be exploited to eavesdrop; MediaTek released patches in October  —  Check Point Research discovers a vulnerability in the digital signal processor found in MediaTek's system-on-chip offerings.
Wall Street Journal:
Verizon and AT&T offer to reduce the power coming from 5G towers for six months as the FAA examines possible aircraft interference  —  Wireless operators said they will limit the strength of service while regulators review the impact on planes and helicopters
Sam Schechner / Wall Street Journal:
EU proposes stricter rules for political ads, including sharing info on ads and banning targeting based on race, or face fines up to 5% global revenue  —  Proposed measure would ban targeting political ads based on categories such as religious views, sexual orientation
Sergiu Gatlan / BleepingComputer:
A Windows 10 and Windows 11 exploit allows an attacker with physical access to gain SYSTEM privileges, bypassing Microsoft's patch from earlier this month  —  Malware creators have already started testing a proof-of-concept exploit targeting a new Microsoft Windows Installer zero …
Hans Nichols / Axios:
Sources: five Democratic senators told the White House they oppose crypto critic Saule Omarova, Biden's pick to lead the OCC, effectively killing her nomination  —  Five Democratic senators have told the White House they won't support Saule Omarova to head the Office of the Comptroller of the Currency …
Malique Morris / The Information:
Poshmark's market cap is now $1.4B, a 50%+ drop from its January IPO, as revenue growth slowed to 16% in Q3, down from 42% in Q1, amid Apple's privacy changes  —  This should be Poshmark's moment.  The online merchant is at the center of a burgeoning social shopping explosion …
Demetri Sevastopulo / Financial Times:
The US places a dozen Chinese groups developing quantum computing, semiconductor, and aerospace technologies on an entity list, blocking exports to them  —  Move reflects mounting concern Beijing could acquire encryption-busting technologies from US groups  —  The US has placed …

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