posted 13 days ago on techmeme
William Alden / BuzzFeed: Memo: Zenefits is laying off 430 employees, or about 45% of its workforce, including 250 from its San Francisco office  —  Roughly 430 employees will lose their jobs in Zenefits' single largest round of cuts, showing how the embattled startup fell far short of its lofty expectations.

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posted 13 days ago on techmeme
Lily Hay Newman / Wired: Study finds that of 283 mobile VPNs in Google Play Store, 18% didn't encrypt traffic at all, while 75% used third-party data tracking libraries  —  Between an industry-wide push to encrypt all web traffic and the newfound popularity of secure chat apps, it's been a boom time for online privacy.

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posted 13 days ago on techmeme
Bérénice Magistretti / VentureBeat: Trident Capital spins out cybersecurity-focused firm Trident Capital Cybersecurity, which launches a $300M venture fund focusing on early stage startups  —  Trident Capital Cybersecurity, which spun out of Trident Capital in 2015, announced today that it has closed a $300 million venture fund …

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posted 13 days ago on techmeme
Brett Molina / USA Today: Twitter shares fall over 10% in pre-market trading on Q4 revenue miss, flat growth, and as its US ad revenue drops 5%  —  So much for the “Trump bump.”  —  Twitter missed on revenue during the fourth quarter, according to results released Thursday, as the social media service struggles …

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posted 13 days ago on techmeme
Lara O'Reilly / Business Insider: Twitter reports Q4 revenue of $717M, missing estimates, but beats on earnings; MAUs grew only 2M from prior quarter to 319M  —  Twitter missed analysts' expectations for its fourth-quarter revenue — reporting $717 million versus estimates of $740 million — as advertising spend lagged behind …

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posted 13 days ago on techmeme
Gabriela Vatu / Softpedia News: Researchers detail hard-to-detect malware affecting 140+ banks and other orgs that can be injected directly into computer memory using legitimate system tools  —  A new Kaspersky report talks about at least 140 banks  —  Banks, telcos, and even governmental agencies in the United States …

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posted 13 days ago on techmeme
Cynthia Littleton / Variety: HBO Now, HBO's standalone digital streaming service, has surpassed 2M subscribers, Time Warner Chief Jeff Bewkes told investors on Wednesday  —  HBO's stand-alone digital streaming service has surpassed 2 million domestic subscribers, Time Warner chief Jeff Bewkes told investors Wednesday.

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posted 13 days ago on techmeme
Bryan Clark / The Next Web: Google gives devs until March 15 to provide a valid privacy policy for apps or risk administrative action including removal of apps from the Play Store  —  Over the last 24 hours, Google has been sending notices to developers worldwide stating its intention to “limit visibility” …

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posted 13 days ago on techmeme
Evan Weinberger / Law360: PayPal receives subpoenas from Justice Department related to its historical anti-money laundering program according to regulatory filing  —  Law360, New York (February 8, 2017, 7:49 PM EST) — PayPal Holdings Inc. on Wednesday revealed that it is being investigated for violations of anti-money laundering regulations and U.S. sanctions.

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posted 13 days ago on techmeme
Charlie Osborne / ZDNet: Sophos acquires Invincea, a security firm that uses ML tech to combat digital threats, for $100M in cash and a $20M earn-out option dependent on performance  —  The anti-malware provider has been acquired in a deal worth $100 million.  —  Malware threats continue to evolve and have risen …

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posted 13 days ago on techmeme
keybase.io: Keybase unveils end-to-end encrypted desktop chat apps that uses usernames from other sites instead of phone numbers or emails as secure addresses  —  FRIENDS!  —  Today we're launching an end-to-end encrypted chat built into Keybase (downloadable here; source code here).  It's easier to use than other crypto apps.

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posted 13 days ago on techmeme
Dustin Volz / Reuters: NSA contractor Harold Martin faces 20 criminal counts in connection with theft of 50TB+ of data, the largest theft of classified government information ever  —  A former National Security Agency contractor was indicted on Wednesday by a federal grand jury on charges he willfully retained …

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posted 13 days ago on techmeme
Ben Popper / The Verge: Sources: Google combines product teams for YouTube Music and Google Play Music, likely paving way for a single music app in the future  —  Come together, right now, over me  —  According to several sources familiar with the change, the product teams working on YouTube Music and Google Play Music are being combined into a single unit.

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posted 14 days ago on techmeme
Barb Darrow / Fortune: Rackspace lays off 6% of US workforce, about 276 jobs, plus an undisclosed number of overseas jobs  —  Three months after being taken private in a $4.3 billion buyout, Rackspace is cutting 6% of its U.S. workforce along with an undisclosed number of jobs overseas.

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posted 14 days ago on techmeme
Josh Constine / TechCrunch: Facebook says its Facebook Lite app has 200M users, up from 100M in March 2016, and is now expanding to UAE, Italy, South Korea, and Israel  —  Facebook's stripped-down but speedy Lite app is growing fast and adding countries so it can keep connecting people and building the company's business …

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posted 14 days ago on techmeme
Chaim Gartenberg / The Verge: Verizon debuts Wear24 smartwatch with a 1.39-inch circular screen, LTE, Wi-Fi, NFC, and Android Wear 2.0, available next month for $300 with a two-year contract  —  Today saw the official announcement of LG's first Android Wear 2.0 watches, the LG Watch Sport and Style.

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posted 14 days ago on techmeme
Jasper Jackson / The Guardian: In an unusual move, Wikipedia editors vote to ban The Daily Mail as a source after finding it “generally unreliable”  —  Online encyclopaedia editors rule out publisher as a reference citing ‘reputation for poor fact checking and sensationalism’

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posted 14 days ago on techmeme
Kif Leswing / Business Insider: Sources: Magic Leap's consumer prototype is in “good shape” ahead of board meeting, but January demos used vaporware; as timeline slips, SDK expected in 2017  —  The future of Magic Leap, a quickly expanding startup valued at $4.5 billion that's developing a futuristic pair of computer glasses …

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posted 14 days ago on techmeme
Facebook: Facebook is testing a machine-learning-powered tool to identify ads for housing, employment, and credit, which will face further racial discrimination screening  —  Discriminatory advertising has no place on Facebook.  Last fall, we committed to providing better education to advertisers …

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posted 14 days ago on techmeme
Emil Protalinski / VentureBeat: Microsoft releases Windows 10 Build 15031 with a picture-in-picture feature called Compact Overlay, new share icon, Dynamic Lock, more  —  Timed perfectly with Windows Developer Day, Microsoft today released a new Windows 10 preview for PCs with a Compact Overlay mode, Dynamic Lock, and improved full-screen Game Bar support.

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posted 14 days ago on techmeme
Bloomberg: Snap Inc. hired Strong.Codes co-founder Laurent Balmelli, which makes tools to prevent copycats, after noting risk of Facebook mimicking its products in its S-1  —  Switzerland subsidiary created by Snap to make deals  —  Co-founder of security startup Strong.Codes joins Snap

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posted 14 days ago on techmeme
Alex Heath / Business Insider: Facebook is closing around 200 of its 500 Oculus VR pop-ups in Best Buys after a steep decline in consumer demos after Christmas  —  Facebook is closing around 200 of its 500 Oculus virtual reality demo stations at Best Buy locations across the US, Business Insider has learned.

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posted 14 days ago on techmeme
Mary Jo Foley / ZDNet: Microsoft debuts Azure IP Advantage, a new program to provide customers with access to 10K Microsoft patents to help fight “baseless patent lawsuits”  —  Microsoft's new Azure IP Advantage program is providing Microsoft cloud users with access to 10,000 Microsoft patents to help them fight ‘baseless patent lawsuits.’

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posted 14 days ago on techmeme
Jacob Kastrenakes / The Verge: Smart home startup Brilliant launches Control, a $199 5-inch wall-mounted hub for controlling appliances, available for pre-order today  —  One of the biggest challenges facing smart home gadgets is the light switch.  Light switches are dead simple.  They work instantly.  And everyone knows how to use them.

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posted 14 days ago on techmeme
Andrew Martonik / Android Central: LG debuts 1.2" $249 Watch Style and 1.38" $349 Watch Sport with Android Wear 2.0, on sale Feb. 10; the Sport is bulky but has NFC, GPS, LTE, heart rate monitor  —  Welcome to a new era of Android Wear smartwatches.  —  Google is ready to launch its newest revision of Android Wear …

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