10 things in tech you need to know today, November 8

Samsung’s foldable phone.
YouTube/Samsung

Good morning! This is the tech news you need to know this
Thursday.

1. 
   Samsung finally unveiled details about its foldable
   smartphone. The “Infinity Flex” runs on a special
   version of Android developed in partnership with Google, which
   works around its foldable display. 
2. 
   Eric Schmidt took the blame for Google’s social networking
   failures. The former CEO admitted “I think it
   would be fair to say that the rise of Facebook… occurred on
   my watch,” in a recent podcast interview.
3. 
   Vice Media is cutting its staff by up to 15% amid missed
   revenue and a traffic slump. Vice Media CEO Nancy
   Dubuc, who took over for Shane Smith in March, is overseeing
   the savings plan, The Wall Street Journal reports.
4. 
   The company behind one of the biggest video games in the world
   was just slammed with a lawsuit alleging its “bro-culture”
   created a sexist workplace. “League of
   Legends” developer Riot Games is facing a class-action lawsuit
   claiming the company harboured a sexist work environment with
   women suffering from unequal pay and harassment.
5. 
   Scorned Facebook and Twitter users are flocking to LinkedIn to
   spew hate speech, MAGA memes, and misinformation.
   LinkedIn has become the social network to turn to for Donald
   Trump supporters who are being kicked off Facebook and Twitter
   for false and abusive posts, BuzzFeed reports.
6. 
   Europe’s anti-monopoly chief conducted “very preliminary
   investigations” into Apple but decided it’s “not a dominant
   company.” European Commissioner for Competition
   Margrethe Vestager told Web Summit that Apple is not under
   scrutiny for antitrust.
7. 
   Uber’s board reportedly held a “marathon meeting” as it
   grapples with its ties to Saudi Arabia in the wake of Jamal
   Khashoggi’s murder. The kingdom now reportedly
   owns more than 10% of the ride-hailing firm, which is eyeing an
   IPO as valuable as $120 billion next year.
8. 
   Facebook delayed releasing a tool showing exactly who is paying
   for political ads after journalists “gamed” it to expose its
   flaws. The ad library system was meant to launch
   on November 7 in the UK, but a flurry of investigations from
   Business Insider, Vice, and ProPublica showed it was far from
   foolproof.
9. 
   Billionaire Marc Benioff celebrated after San Francisco voted
   for new tax that will take millions from big tech firms to
   solve the city’s homelessness crisis. Proposition
   C, a measure which will tax San Francisco’s largest companies
   in order to combat homelessness, passed on Tuesday.
10. 
    A cryptocurrency millionaire is buying up land in Nevada’s
    desert to build a utopian village run on Ethereum.
    The New York Times reports that the man behind the project,
    Jeffrey Berns, is planning a city that would run entirely on
    blockchain.

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