Good morning! This is the tech news you need to know this Tuesday.
1. Oculus creator Palmer Luckey, who was ousted from the company he built as a teenager, said the lessons he learned from his time at Facebook were to “be careful who you trust,” and “be careful who has control.” Luckey has gone on to found a new defence startup called Anduril.
2. The net neutrality repeal in the US is official. The changes give broadband providers the latitude to block or slow access to particular internet services, or to create so-called fast lanes to them.
3. Xiaomi, the so-called ‘Apple of China,’ just recorded $1 billion in quarterly loss ahead of its $10 billion IPO. Its IPO could be the largest listing globally in almost four years, sources have said.
4. The CEO of SoftBank’s Vision Fund said he spent six months persuading Uber to accept an $8 billion share deal. Rajeev Misra said one reason Uber accepted the deal was because of SoftBank’s investments in global ride-sharing firms such as Ola in India.
5. Bozoma Saint John, a marketer hired to revamp Uber’s public image after its series of scandals in 2017, is already leaving after a year. Saint John will become CMO of Endeavor.
6. Facebook’s public policy chief apologized to an investor after she accused him of making a ‘sexist’ remark to her. Natasha Lamb, a managing partner at Arjuna Capital, said Elliot Schrage refused to engage with her and said she was “not nice” after she raised concerns about Facebook’s gender pay gap.
7. Apple banned cryptocurrency mining on iPhones. The idea is to stop unscrupulous apps mining cryptocurrencies in the background.
8. Facebook is facing blowback over the way it categorises news versus political content. Journalism trade groups criticised Facebook’s decision to puts ads placed against political news content in a public database, alongside adverts for actual political candidates.
9. Facebook sent 450 pages of written answers in response to 2,000 questions from US Congress about Russian interference in the 2016 election. In its responses, the company said it does not create “shadow profiles” of non-users.
10. Elon Musk’s tunnelling company, The Boring Company, has started selling $500 flamethrowers to the general public. People already appear to be using them in not very safe ways.
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