Techmeme
November 24, 2021, 11:10 PM

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.
Jabari Young / CNBC:
WatchBox, an online marketplace for buying, selling, and trading luxury watches, raises $165M from investors including Michael Jordan and Giannis Antetokounmpo  —  - WatchBox, a secondary marketplace for watches, attracted Michael Jordan and Giannis Antetokounmpo, as well as other athletes …
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 …
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 …
Jon Porter / The Verge:
Twitter updates its iOS app to stop automatically refreshing timelines and causing tweets to disappear, after rolling out the update on the web last week  —  ‘It should stay put!’  —  Twitter has updated its iOS app to prevent those annoying situations where tweets disappear as you're trying to read them, the company has announced.
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 Reynolds / Blockworks:
Banking Committee chair Sen. Sherrod Brown probes Coinbase, Binance.US, Tether, and others over stablecoin consumer risks, and seeks a response by December 3  —  - The Senate Banking Committee has sent letters to Coinbase, Gemini, Circle, Paxos, TrustToken, Centre, and Binance US to inquire about consumer protections and stablecoins
Peter Grant / Wall Street Journal:
CB Insights: real estate tech startups have raised $9.5B during 2021 so far, topping the record $9B invested in the “proptech” sector during 2019  —  Venture capitalists and other investors poured $9.5 billion into sector through mid-November  —  Growing landlord demand for better data …

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