DoorDash Files Confidential S-1 with the SEC
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| DoorDash Files Confidential S-1 with the SEC | |
| Number | 1060 |
| Broadcast Date | FEBRUARY 27, 2020 |
| Episode Length | 6:06 |
| Hosts | Rich Stroffolino |
DoorDash announced it submitted a confidential S-1 filing with the US SEC as the first step to an IPO, security researchers publish details on the Kr00k Wi-Fi chip vulnerability, and the Smithsonian published 2.8 million images in its new Open Access program.
Headlines
- DoorDash announced it confidentially submitted a draft S-1 filing to the US Securities and Exchange Commission as a first step to an initial public offering. The company raised a $100 million funding round in November, valuing the company at roughly $13 billion. It is unclear when the IPO would occur, with CNBC noting that rival Postmates submitted a confidential S-1 to the SEC last February but has not yet gone public.
- Clearview AI disclosed to its customers that an intruder “gained unauthorized access” to its list of customers, the number of user accounts those customers had set up, and the number of searches its customers have conducted. Clearview said the company’s servers weren't breached or compromised, and that the vulnerability has been fixed. The company also said law-enforcement agencies’ search histories weren't accessed. Clearview's customers are mostly North American law enforcement agencies in Canada and the US. Clearview scrapes images form the public Web and uses associated data to train an algorithm to provide possible identity matches.
- At RSA Conference, security researchers from Eset published details about a vulnerability in Wi-Fi chips made by Broadcom and Cypress Semiconductor called Kr00k that effects chips in iPhones, iPads, Macs, Amazon Echos and Kindles, Android devices, Raspberry Pi 3, and routers from Asus and Huawei. The exploit occurs when wireless devices disassociate from an access point, and can effect the end user or router. When disassociation occurs from something like switching access points or signal interference, devices put unsent data frames into a transmit buffer and then send them over the air, using an encryption key of all zeros. This includes several kilobytes, and researchers said hackers could trigger multiple intentional disassociations to increase the chances of capturing useful data. Apple and Amazon both said the vulnerability have been patched on affected devices.
- In a unanimous decision, a three judge panel on the 9th U.S. Circuit Court of Appeals in Seattle upheld a dismissal of a 2018 lawsuit brought against YouTube by Prager University, which claimed that YouTube violated the First Amendment free speech protections by tagging some of its content with a “Restricted Mode” setting, blocking advertising on the videos. Circuit Judge Margaret McKeown said that despite YouTube's ubiquity and accessibility, it was ultimately a private forum rather than a "state actor" for purposes of the First Amendment, and that YouTube did not engage in false advertising with statements committing to free speech, ruling that these were merely opinions of the company.
- Dr. Ian Cutress at Anandtech got his hands on the x86 Hygon Dhyana processors for testing. These were designed as part of a joint venture with AMD and licensed their Zen 1 architecture core IP, and were exclusively for the Chinese market. In testing 8-core and 32-core variants, Cutress found that integer performance was identical to similarly clocked AMD chips, but floating point performance was considerably reduced, with half the throughput for common instructions and random number generation slower and lower quality. AES cryptography instructions appeared not to be hardware accelerated, but the chips showed hardware support for SM2, SM3, and SM4 instructions commonly used in China. It's unclear what future development Hygon may do with AMD, as part of the joint venture is currently named on the US Entity List.
- Uber began rolling out an in-app translation tool for messages between riders and drivers. This uses Google Translate integration and comes as part of a larger app redesign that further clarifies a ride's arrival status. The app now includes actionable notifications that show time remaining to arrival, details about other pickups en route, and additional walking directions for pickup.
- Google Translate added support for five new languages Kinyarwanda, Odia, Tatar, Turkmen, and Uyghur, bringing total languages supported up to 108. The languages will start rolling out to users today and come to iOS and Android users in the coming days.
- Microsoft announced it will miss its quarterly revenue guidance for its More Personal Computing Unit as a result of the coronavirus pandemic. This unit includes Windows licenses and Surface sales, and Microsoft had projected between $10.75 to $11.15 billion in revenue for its initial guidance. Overall More Personal Computing accounts for about 36% of Microsoft revenue and 30% of operating income.
- Square reported it earned $0.23 per share in Q4 on net revenue of $1.31 billion, up 41% on the year. Analysts had expected earnings of $0.21 per share. Square Cash app generated net revenue of $361 million, up 147% on the year. Of this, bitcoin transactions generated $178 million in revenue, but represented only 2% of the Cash App's $144 million gross profit. Square's overall gross payment volume increased 25% on the year to $28.6 billion.
- The Smithsonian published 2.8 million images and 3D models in its collection under its new Open Access program. All images are licensed under a Creative Commons Zero license, with the secretary of the Smithsonian Institution Lonnie G. Bunch III saying, "We are empowering our audiences, empowering them to remix, to repurpose, to reimagine all the richness we offer. We’re inviting our viewers to become collaborators.” The collection is also accessible by a public API with collection data hosted on GitHub. The Smithsonian plans to add more to the collection over time, but it does not own the copyrights on all 155 million items in its collection.
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| Preceded by: "LG's New Dual Screen Phone Announced" |
DoorDash Files Confidential S-1 with the SEC |
Followed by: "Apple to Reportedly Release iPad Keyboard with a Trackpad" |