Techmeme
September 16, 2022, 8:30 AM

Top News

New York Times:
Uber is investigating a breach of its systems and has taken some of its internal communications and engineering systems offline; Uber stock is down 5%+  —  The company said on Thursday that it was looking into the scope of the apparent hack.  —  Uber's computer network was breached on Thursday …
Washington Post:
The Uber hacker, who reportedly claims to be 18 years old, says they had breached the company for fun and might leak its source code “in a few months”  —  The company said in a tweet it was “responding to a cybersecurity incident”  —  SAN FRANCISCO — Uber's computer systems …
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:
Bloomberg:
PitchBook: Figma deal is the largest exit for a VC-backed company in ~20 years; source: Index Ventures' ~12% stake makes it Figma's biggest outside shareholder  —  Danny Rimer first invested in Figma in 2012, shortly after the company was established and began developing software tools for designers.
Bryce Elder / Financial Times:
Bloomberg:
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.
Ingrid Lunden / TechCrunch:
General Atlantic to buy out SoftBank's entire 15% stake in game-based online learning service Kahoot for about $152M; SoftBank spent $215M+ for the stake  —  SoftBank's retreat from its past investing exuberance continues apace.  This morning, Kahoot, the Norwegian startup that provides …
More: Reuters
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.
Charles Hutzler / Wall Street Journal:
Biden issues an executive order directing CFIUS to increase scrutiny of deals that give China and others access to critical tech or US citizens' personal data  —  A new executive order directs the panel screening foreign investment, Cfius, to look at deals in areas U.S. officials say are of interest to China

Sponsor Posts

Intel:
Managing a Complex Multi-Cloud Environment Requires a Reliable Ecosystem  —  To avoid vendor lock-in and effectively manage your mission critical workload needs, you need a reliable ecosystem and architecture
Vesto:
The treasury management platform built for startups  —  Put your idle cash to work, earn higher yields, and extend your runway with Vesto.
Census:
Figma's CFO on how they built a $20B business with data  —  From Series B to acquisition, Figma needed Census to scale their business operations on top of their data warehouse.
Zoho:
From pieces of software to peace of mind  —  Take a good look at your business.  Do you run your entire system on multiple software solutions and integrations that break with every update?
Climate Draft:
Climate Career Resources for Laid Off Tech Workers  —  Your skills are in demand!  Check out our jobs board, learn about the climate ecosystem, and join our directory to make yourself discoverable to top venture-backed startups.
Techmeme Ride Home:
Tue. 11/29 - Is Elon Going To War With Apple?
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 8:30 AM ET, September 16, 2022.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

Cat Zakrzewski / Washington Post:

Earlier Picks

Ben Schoon / 9to5Google:
Drew Harwell / Washington Post:
Amanda Silberling / TechCrunch:
Victoria Song / The Verge:
Melissa Repko / CNBC: