Good morning! Here’s the tech news you need to know to end your week.
1. Google was interested in buying Snap for at least $US30 billion (£23 billion) last year, insiders say. It is an “open secret” among Snap’s upper ranks.
2. A controversial banker is the person who really runs Twitter, and he’s gambling the company’s future on one risky bet. COO Anthony Noto is going big on video.
3. Coinbase has decided to add support for bitcoin cash by 2018. Many users were outraged by its initial decision not to support the bitcoin offshoot.
5. Electric car startup Faraday Future has shaken up its executive board. It is facing a cash shortage.
6. GoPro’s stock surged after cost-cutting efforts helped it beat analyst estimates for the quarter. Sales were up 34% on last year.
7. The British security researcher who stopped the WannaCry cyberattack has been arrested for allegedly creating a different malware. Marcus Hutchins is accused of creating the Kronos banking trojan.
8. In Singapore, Uber knowingly rented cars to its drivers that were at risk of catching fire, a report claims. Uber allegedly continued to lease the Honda Vezel SUV after a recall.
9. Trump’s FCC (Federal Communications Commission) is about to be at full strength. The US Senate unanimously voted to confirm two nominees to serve at the organisation on Thursday.
10. “Cryptocurrency mania” burned a $US1 billion hedge fund that was betting against chipmakers. Carlson Capital’s Black Diamond Thematic fund has lost 14.2% net this year.