Techmeme
September 16, 2022, 5:00 AM

Top News

New York Times:
Uber is investigating a breach of its computer systems, saying a hacker compromised a worker's Slack account and also gained access to other internal systems  —  The company said on Thursday that it was looking into the scope of the apparent hack.  —  Uber's computer network was breached on Thursday …
Lawrence Abrams / BleepingComputer:
Security engineer says Uber hacker had access to its HackerOne bug bounty program; source: the hacker downloaded all vulnerability reports before losing access  —  Uber suffered a cyberattack Thursday afternoon with a hacker gaining access to vulnerability reports and sharing screenshots …
Casey Newton / Platformer:
Source: Meta's Chris Cox directed the New Product Experimentation division to scale back; Meta says the division will focus on short-form video  —  Facebook's New Product Experimentation division is scaling back its mission dramatically, Platformer has learned.
The Information:
Memo to staff: Adam Mosseri says Instagram's creator surveys show the app lags behind TikTok and YouTube on the most important creator satisfaction dimensions  —  For the past couple of years, as Instagram has sought to better compete with TikTok, becoming more appealing to creators has been a top priority.
Bloomberg:
Adobe plans to buy UI design and prototyping tool Figma for ~$20B, half cash and half stock; CEO Dylan Field will continue to lead Figma; ADBE closed down 16.8%  —  Adobe Inc. agreed to buy software design startup Figma Inc. in a deal valued at about $20 billion in a bid to expand its suite of creative tools for professionals.
Wall Street Journal:
Speaking hours after Ethereum's Merge update, SEC Chair Gary Gensler says cryptocurrencies that let holders stake coins may be subject to US securities laws  —  SEC chairman says system used by ether following software update could trigger securities laws  —  WASHINGTON—Ethereum's big software update …
Mike Truppa / The Block:
Natasha Singer / New York Times:
California Governor Newsom signs into law an online safety bill that puts limits on the data companies collect on minors; the law goes into effect in July 2024  —  The bill could require many social media sites, games and other online services used by children to install protections for minors.
Drew Harwell / Washington Post:
Senator Ron Wyden reveals the CBP told Congress it adds data from ~10K travelers' devices per year to a database, accessible by 2,700 officers without a warrant  —  Contacts, call logs, messages and photos from up to 10,000 travelers' phones are saved to a government database every year
Meghan Bobrowsky / Wall Street Journal:
COO Vanessa Pappas told senators that TikTok is working on a final deal with CFIUS that satisfies all US national security concerns, but didn't give a timeline  —  Lawmakers express concern over potential Chinese influence of the popular short-video app  —  Investigation: How TikTok's Algorithm Figures Out Your Deepest Desires
Casey Newton / Platformer:
Paul Hill / Neowin:
Amazon announces the US launch of Veeqo, a shipping software that lets sellers connect their sales channels and access discounts on UPS, USPS, DHL, and FedEx  —  Amazon has announced that it's launching a new version of Veeqo in the United States.  Veeqo is a multichannel shipping service …
Source: AmazonMore: About Amazon, PYMNTS.com, Reuters, and GeekWire
Tweets: @wavesblog and @jerrycap
Ben Schoon / 9to5Google:
Some YouTube viewers say the platform's ads expanded in length and quantity over the past month or two, with reports of five to 10 unskippable ads per break  —  The experience of watching YouTube has been infiltrated by ads over the years as a means of maintaining the platform and supporting creators financially.
Reuters:
Investor memo: ByteDance will spend up to $3B to repurchase shares in the next two to three months, in a deal that values the company at around $300B  —  ByteDance will spend up to $3 billion to repurchase shares in a deal that values the Chinese unlisted owner of TikTok at around $300 billion …

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