Good morning, Austin! Here's what's happening in the tech world today:
Snapchat faces backlash for "yellowface" filter
After users took to Twitter to express outrage, Snapchat took its "yellowface" filter down and apologized, but it's still facing backlash.
The lens, which first appeared on Tuesday, included slanted eyes and blushing cheeks -- a look some users called out as "yellowface." It has now been pulled from Snapchat's lineup of lenses.
Snapchat wouldn't say if it was removed because of the controversy or if it was a limited edition lens, which are featured for one day only.
Wired takes a deeper look at how a company like Snapchat could get it wrong, or just not get it at all.
Arianna Huffington is leaving the Huffington Post
Huffington Post co-founder Arianna Huffington is leaving the company to launch a health-and-wellness startup.
Huffington, who built the HuffPost into one of the largest digital media outlets in the U.S., plans to focus on an upstart called Thrive Global, which will launch in November and focus on health, productivity and wellness issues.
Thrive Global will offer workshops, online courses and other services to help companies improve the well-being of their employees, according to Business Insider. It has already started testing its services with professional services firm Accenture.
TV companies say no to Facebook video deals
While many media companies have quickly embraced Facebook Live, the NFL, Walt Disney, NBCUniversal and other television content owners are holding back because of worries about ad sales.
While Facebook lets media companies reach a huge number of viewers on their mobile phones, there is concern about Facebook's proposed deal terms as well as its recent algorithm changes that threaten to bury content on users' news feeds.
The biggest sticking point, according to the Wall Street Journal: Facebook wants its ad sales force to be in charge of selling ads against TV companies' videos.
"That could mean that a Facebook sales rep would be able to court a media buyer by highlighting, for example, a clip from CBS’ “The Late Show with Stephen Colbert,” just like CBS does – a prospect that spooks TV channel owners," the Journal says.
VC funding dries up for media startups
With venture deals down overall, media startups are especially feeling the cold shoulder.
Venture funding to media-tech companies slid for the third quarter, reaching the lowest level since mid-2013, Bloomberg reports.
Investors are worried that the businesses are costly to operate compared with software makers, and struggle to keep readers' attention, according to Garrett Black, an analyst at researcher PitchBook.
“I don’t think that VCs are seeing a lot of compelling businesses currently in the market that are worth ponying up the money for, especially given the broader backdrop of trepidation,” Black told Bloomberg. “With all of the consolidated players that are already so powerful in the space, it’s really hard for new startups to figure out a new niche to target.”
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