Elon Musk's SpaceX Hits $100 Billion Valuation Slashdotby BeauHD on business at January 1, 1970, 1:00 am (cached at October 8, 2021, 11:35 pm)

The valuation of Elon Musk's SpaceX crossed $100 billion following a share sale by existing investors announced this week. CNBC reports: SpaceX has an agreement with new and existing investors to sell up to $755 million in stock from insiders at $560 a share, according to multiple people familiar with the deal -- increasing the company's valuation to $100.3 billion. The company did not raise new capital at this time, sources said, with the purchase offer representing a secondary sale of existing shares. The new share price is an increase of 33% from SpaceX's last valuation of $74 billion at $419.99 a share in February, when the company raised nearly $1.2 billion. The company had a similar secondary transaction in February, with a deal for insiders to sell up to $750 million at the time. SpaceX's new valuation makes it one of the rare private "centicorn" or "hectocorn" companies in the world -- a $1 billion unicorn 100 times over. Musk's SpaceX is now the second-most valuable private company in the world, according to CB Insights, behind only China's Bytedance and jumping past fintech firm Stripe.

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BrewDog Exposes Data of 200,000 Customers and Shareholders Slashdotby BeauHD on beer at January 1, 1970, 1:00 am (cached at October 8, 2021, 11:05 pm)

An anonymous reader quotes a report from TechRadar: BrewDog, one of the world's largest craft beer brewers, has exposed personally identifiable information (PII) belonging to more than 200,000 of its shareholders and customers, according to cybersecurity researchers. Cybersecurity consulting firm PenTest Partners discovered that a flaw in the official BrewDog app, which persisted for more than 18 months, made it easy for anyone to access the PII of other users. In its detailed report, PenTest Partners notes that the mobile app doled out the same hard coded API Bearer Token, which effectively rendered request authorization useless. The researchers say that, thanks to the flaw, any user could append the customerID of another user to the API endpoint URL to extract their PII and other details. In addition to being damaging to the user, the flaw could've also been used to adversely affect the company since the leaked details could've been used to generate QR codes to get discounted and even free beers. BrewDog started using hard-coded tokens with v2.5.5 of its app, launched in March 2020, before finally patching the flaw in v2.5.13 release in September 2021.

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Facebook Says Some of Its Services Are Having Issues Again Slashdotby msmash on facebook at January 1, 1970, 1:00 am (cached at October 8, 2021, 10:05 pm)

Instagram has been experiencing issues for many of us here at The Verge, but it turns out that the problem might be broader than that, according to a statement from Facebook. From a report: "We're aware that some people are having trouble accessing our apps and products," Facebook said in a tweet. "We're working to get things back to normal as quickly as possible and we apologize for any inconvenience."

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Anyone Seen Tether's Billions? Slashdotby msmash on money at January 1, 1970, 1:00 am (cached at October 8, 2021, 9:35 pm)

A wild search for the U.S. dollars supposedly backing the stablecoin at the center of the global cryptocurrency trade --- and in the crosshairs of U.S. regulators and prosecutors. From a report: In July, Treasury Secretary Janet Yellen summoned the chair of the Federal Reserve, the head of the Securities and Exchange Commission, and six other top officials for a meeting to discuss Tether. The absurdity of the situation couldn't have been lost on them: Inflation was spiking, a Covid surge threatened the economic recovery, and Yellen wanted to talk about a digital currency dreamed up by the former child actor who'd missed a penalty shot in The Mighty Ducks. But Tether had gotten so large that it threatened to put the U.S. financial system at risk. It was as if a playground snowball fight had escalated so wildly that the Joint Chiefs of Staff were being called in to avert a nuclear war. Tether is what's come to be known in financial circles as a stablecoin -- stable because one Tether is supposed to be backed by one dollar. But it's actually more like a bank. The company that issues the currency, Tether Holdings Ltd., takes in dollars from people who want to trade crypto and credits their digital wallets with an equal amount of Tethers in return. Once they have Tethers, people can send them to cryptocurrency exchanges and use them to bet on the price of Bitcoin, Ether, or any of the thousands of other coins. And at least in theory, Tether Holdings holds on to the dollars so it can return them to anyone who wants to send in their tokens and get their money back. The convoluted mechanism became popular because real banks didn't want to do business with crypto companies, especially foreign ones. Exactly how Tether is backed, or if it's truly backed at all, has always been a mystery. For years a persistent group of critics has argued that, despite the company's assurances, Tether Holdings doesn't have enough assets to maintain the 1-to-1 exchange rate, meaning its coin is essentially a fraud. But in the crypto world, where joke coins with pictures of dogs can be worth billions of dollars and scammers periodically make fortunes with preposterous-sounding schemes, Tether seemed like just another curiosity. Then, this year, Tether Holdings started putting out a huge amount of digital coins. There are now 69 billion Tethers in circulation, 48 billion of them issued this year. That means the company supposedly holds a corresponding $69 billion in real money to back the coins --- an amount that would make it one of the 50 largest banks in the U.S., if it were a U.S. bank and not an unregulated offshore company.

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The Ship That Became a Bomb Slashdotby msmash on news at January 1, 1970, 1:00 am (cached at October 8, 2021, 9:05 pm)

Stranded in Yemen's war zone, a decaying supertanker has more than a million barrels of oil aboard. If -- or when -- it explodes or sinks, thousands may die. From a report: Soon, a vast, decrepit oil tanker in the Red Sea will likely sink, catch fire, or explode. The vessel, the F.S.O. Safer -- pronounced "Saffer" -- is named for a patch of desert near the city of Marib, in central Yemen, where the country's first reserves of crude oil were discovered. In 1987, the Safer was redesigned as a floating storage-and-off-loading facility, or F.S.O., becoming the terminus of a pipeline that began at the Marib oil fields and proceeded westward, across mountains and five miles of seafloor. The ship has been moored there ever since, and recently it has degraded to the verge of collapse. More than a million barrels of oil are currently stored in its tanks. The Exxon Valdez spilled about a quarter of that volume when it ran aground in Alaska, in 1989. The Safer's problems are manifold and intertwined. It is forty-five years old -- ancient for an oil tanker. Its age would not matter so much were it being maintained properly, but it is not. In 2014, members of one of Yemen's powerful clans, the Houthis, launched a successful coup, presaging a brutal conflict that continues to this day. Before the war, the Yemeni state-run firm that owns the ship -- the Safer Exploration & Production Operations Company, or sepoc -- spent some twenty million dollars a year taking care of the vessel. Now the company can afford to make only the most rudimentary emergency repairs. More than fifty people worked on the Safer before the war; seven remain. This skeleton crew, which operates with scant provisions and no air-conditioning or ventilation below deck -- interior temperatures on the ship frequently surpass a hundred and twenty degrees -- is monitored by soldiers from the Houthi militia, which now occupies the territory where the Safer is situated. The Houthi leadership has obstructed efforts by foreign entities to inspect the ship or to siphon its oil. The risk of a disaster increases every day. A vessel without power is known as a dead ship. The Safer died in 2017, when its steam boilers ran out of fuel. A boiler is a tanker's heart, because it generates the power and the steam needed to run vital systems. Two diesel generators on deck now provide electricity for basic needs, such as laptop charging. But crucial processes driven by the boiler system have ceased -- most notably, "inerting," in which inert gases are pumped into the tanks where the crude is stored, to neutralize flammable hydrocarbons that rise off the oil. Before inerting became a commonplace safety measure, in the nineteen-seventies, tankers blew up surprisingly often, and with lethal consequences: in December, 1969, three of them exploded within seventeen days, killing four men. Since the boilers on the Safer stopped working, the ship has been a tinderbox, vulnerable to a static-electric spark, a discharged weapon, a tossed cigarette butt. [...] The Safer is not sinking. It is not on fire. It has not exploded. It is not leaking oil. Yet the crew of the ship, and every informed observer, expects disaster to occur soon. But how soon? A year? Six months? Two weeks? Tomorrow? In May, Ahmed Kulaib, the former executive at sepoc, told me that "it could be after five minutes."

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Google Exec Calls on Apple To Adopt Better, More Secure Text Messaging Slashdotby msmash on iphone at January 1, 1970, 1:00 am (cached at October 8, 2021, 8:35 pm)

Google executive Hiroshi Lockheimer has called on Apple to adopt the Rich Communication Services (RCS) protocol that would enable improved and more secure messaging between iPhone and Android devices. From a report: RCS brings a number of modern features -- including support for audio messages, group chats, typing indicators and read receipts -- and end-to-end encryption to traditional text messaging. But it's unlikely Apple will play ball. [...] Lockheimer, senior vice president for Android, has encouraged the company to change its mind. In response to a tweet about how group chats are incompatible between iPhone and Android devices, Lockheimer said, "group chats don't need to break this way. There exists a Really Clear Solution." "Here's an open invitation to the folks who can make this right: we are here to help." Lockheimer doesn't mention Apple specifically, but it's clear that the "folks" he is referring to are those in Cupertino, who have been against RCS.

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[no title] Scripting News(cached at October 8, 2021, 8:02 pm)

All the breakage I'm experiencing with HTTPS sites on my Macbook gave me an idea -- how about a proxy server for HTTPS sites, making them accessible over HTTP. Seems quite doable.
Facebook Bans Developer Behind Unfollow Everything Tool Slashdotby msmash on facebook at January 1, 1970, 1:00 am (cached at October 8, 2021, 7:35 pm)

A developer who made a tool that let people automatically unfollow friends and groups on Facebook says he's been banned permanently from the social networking site. From a report: Louis Barclay was the creator of "Unfollow Everything," a browser extension that allowed Facebook users to essentially delete their News Feed by unfollowing all their connections at once. Facebook allows users to individually unfollow friends, groups, and pages, which removes their content from the News Feed, the algorithmically-controlled heart of Facebook. Barclay's tool automated this process, instantly wiping users' News Feed. [...] In response, Facebook sent Barclay a cease-and-desist letter earlier this year, saying he'd violated the site's terms of service by creating software that automated user interactions. Barclay says the company then "permanently disabled my Facebook and Instagram accounts" and "demanded that I agree to never again create tools that interact with Facebook or its other services."

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[no title] Scripting News(cached at October 8, 2021, 7:32 pm)

BTW, Anton got on my case about a bug in the Links tab on Scripting News not updating often enough. He noticed this because the same thing was happening on his Drummer blog. This got me off my ass to fix the problem. So if you're a fan of the Links tab here, rejoice -- it works about a million percent better thanks to Anton. This is the power of users who actually care, and pitch in to help.
EU Questions Microsoft Rivals Over Teams Integration in Office Slashdotby msmash on microsoft at January 1, 1970, 1:00 am (cached at October 8, 2021, 7:05 pm)

EU antitrust regulators are following up on a complaint by Slack by asking Microsoft's rivals if its Teams app integrated with its Office product gives it greater clout, in a sign that they could open an investigation. From a report: In a questionnaire sent to rivals and seen by Reuters, the European Commission is focusing on the period 2016 to 2021. Microsoft introduced Teams in early 2017 to compete with Slack and others in the fast-growing workplace collaboration market. Slack, bought by business software maker Salesforce.com in July, took its grievance over Microsoft's Teams software to the Commission last year. Microsoft, which has been handed 2.2 billion euros ($2.6 billion) in EU fines for cases involving so-called tying and other practices in previous decade, declined to comment.

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Google To Give Security Keys To 'High Risk' Users Targeted by Government Hackers Slashdotby msmash on google at January 1, 1970, 1:00 am (cached at October 8, 2021, 6:35 pm)

Google has said it will provide 10,000 "high-risk" users with free hardware security keys, days after the company warned thousands of Gmail users that they were targeted by state-sponsored hackers. From a report: The warning, sent by Google's Threat Analysis Group (TAG), alerted more than 14,000 Gmail users that they had been targeted in a state-sponsored phishing campaign from APT28, also known as Fancy Bear, said to be made up of operatives of Russia's GRU intelligence agency. Fancy Bear has been active for more than a decade but it's widely known for hacking into the Democratic National Committee and its disinformation and election influencing campaign in the run-up to the 2016 U.S. presidential election. "These warnings indicate targeting not compromise. If we are warning you there's a very high chance we blocked," Google's TAG director Shane Huntley wrote in a Twitter thread on Thursday. "The increased numbers this month come from a small number of widely targeted campaigns which were blocked."

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Twitch Defaced With Pictures of Jeff Bezos Slashdotby msmash on security at January 1, 1970, 1:00 am (cached at October 8, 2021, 6:05 pm)

Hackers have managed to deface Twitch for a few hours this morning, replacing a number of background game images with photos of Amazon CEO Jeff Bezos. From a report: Users reported seeing images of Bezos in the listings for GTA V, Dota 2, Smite, Minecraft, Apex Legends, and many more on the Amazon-owned service. It's not clear how the background images were changed or whether this latest incident was aided by a huge security breach at Twitch earlier this week. Hackers were able to exploit a server misconfiguration and steal hundreds of gigabytes of information. Twitch is still investigating the breach, and so far a wealth of information pertaining to the website's source code, unreleased projects, and even how much the top streamers make has been released.

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Epic Games CEO Tim Sweeney Calls Out Apple for Promoting Its Services in the iPhone Slashdotby msmash on apple at January 1, 1970, 1:00 am (cached at October 8, 2021, 5:05 pm)

Epic Games CEO Tim Sweeney, whose high-profile antitrust lawsuit against Apple is now under appeal, is today calling out the iPhone maker for giving itself access to an advertising slot its competitors don't have: the iPhone's Settings screen. From a report: Some iOS 15 users noticed Apple is now advertising its own services at the top of their Settings, just below their Apple ID. The services being suggested are personalized to the device owner, based on which ones they already subscribe to, it appears. For example, those without an Apple Music subscription may see an ad offering a free six-month trial. However, current Apple Music subscribers may instead see a prompt to add on a service they don't yet have, like AppleCare coverage for their devices. Sweeney suggests this sort of first-party advertising is an anticompetitive risk for Apple, as some of the services it's pushing here are those that directly compete with third-party apps published on its App Store. But those third-party apps can't gain access to the iPhone's Settings screen, of course --- they can only bid for ad slots within the App Store itself. Writes Sweeney: "New from the guys who banned Fortnite: settings-screen ads for their own music service, which come before the actual settings, and which aren't available to other advertisers like Spotify or Sound Cloud."

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Microsoft Has Committed To Right To Repair Slashdotby msmash on microsoft at January 1, 1970, 1:00 am (cached at October 8, 2021, 4:05 pm)

Microsoft just promised it's going to make it easier for its customers to repair the products it sells in the near future. As first reported by Grist, the company will study the environmental impact of right-to-repair and act on its findings by the end of the next year. From a report: The initiative is a reaction to a shareholder resolution filed in June 2021 that demanded the company seriously consider the environmental impact of making its products easier to repair, which itself was fueled by the broader right to repair movement, which has been gaining steam and momentum for years. The shareholders partnered with As You Sow, a non-profit specializing in shareholder advocacy, to help them put pressure on Microsoft. It seems to have worked.

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Car Thieves Arrested After Using $27,000 Game Boy Device Slashdotby BeauHD on crime at January 1, 1970, 1:00 am (cached at October 8, 2021, 3:05 pm)

An anonymous reader quotes a report from the BBC: A gang of car thieves used a handheld device disguised as a Nintendo Game Boy to steal vehicles worth $245,000. Dylan Armer, Christopher Bowes and Thomas Poulson stole five Mitsubishi Outlanders by using the gadget to bypass the cars' security systems. West Yorkshire Police said the device, worth $27,000 could unlock and start a car "in a matter of seconds." The trio, all from Yorkshire, were jailed at Leeds Crown Court after pleading guilty to conspiracy to steal. CCTV footage of the theft showed them unplug the car from its charging point before using the device to unlock and start it. When officers stopped the three men they found the Game Boy-style gadget hidden in a secret compartment of their car. Police said footage recovered from Poulson's phone showed him demonstrating "how quickly and easily the gadget gave them full access to the vehicles, accompanied by a commentary in mocking tones." The force added that the "significant investment required to buy one of the sophisticated devices suggested the thefts were planned and orchestrated crimes."

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