Good morning! Here is the tech news you need to know this Friday.
1. Apple’s iPhone 8 and iPhone 8 Plus — but not the iPhone X — have now gone on sale, and turnout in Asia has been mixed. New iPhones usually draw long queues at Apple’s retail stores, but reports suggested just 30 people turned out in Sydney, but that 200 queued up in Singapore.
2. A former employee at fintech startup SoFi has alleged a “fratboy culture” at the firm in a new lawsuit. Yulia Zamora said she was repeatedly harassed, and her suit comes after SoFi’s CEO stepped down over wider harassment allegations.
3. Facebook CEO Mark Zuckerberg promised to disclose who purchased political ads on the social network, as part of a nine-point plan to help stop international interference in elections. That will involve handing over 3,000 Kremlin-funded ads to Congress.
4. Hewlett Packard Enterprise is reportedly laying off 5,000 staff. The cuts comprise 10% of the company’s workforce, and are part of a bigger cost-cutting effort.
5. Microsoft will launch its first physical store in the UK, leasing a prime spot in London’s Oxford Circus. The new store will be a stone’s throw away from Apple’s flagship UK store.
6. UK food delivery startup Deliveroo reported massive revenue growth in 2016, but losses increased too and the firm still has low margins. Deliveroo’s revenue grew 611% to £129 million, while losses were up 300% to £129 million.
7. Snap has laid off a dozen people from its Spectacles hardware division, mostly marketing employees. There’s also been a shakeup with the VP of Operations, Mark Randall, taking on the newly created role of VP of Hardware.
8. There’s another self-driving car startup, with former Y Combinator COO Qasar Younis working on his own automation software firm. The firm is about to close a $10 million funding round from Andreessen Horowitz, according to Axios.
9. Google and Apple were among the potential donors to London’s doomed Garden Bridge project, with Apple even proposing a retail store in the middle of the bridge. According to The Financial Times, “confidential firms” — likely including Google at least — made payments totalling £17 million towards the project.
Source:: Business Insider