NEWSWORTHY
I see what you did there. The American Civil Liberties Union filed a lawsuit on Thursday against the FBI and several other government agencies seeking records about the use of facial recognition programs. "These technologies have the potential to enable undetectable, persistent, and suspicionless surveillance on an unprecedented scale," the organization warned in the suit.
Global race. In China, all of the major wireless carriers will begin offering super-fast 5G mobile service today. China Mobile, China Unicom, and China Telecom are aiming for coverage in 50 cities by the end of the year.
Smell the burn. On Wall Street, Pinterest and Arista Networks crashed. At Pinterest, revenue rose 47% to $280 million, slightly less than analysts expected, and its full-year forecast also disappointed. The stock, which had gained 32% since its April IPO, plunged 21% in pre-market trading on Friday. At Arista Networks, the past quarter was fine, but guidance of just $540 million to $560 million of sales for the fourth quarter was far, far, far below Wall Street's forecast of $686 million. The stock, which had gained 16% this year, dropped 27% in pre-market trading.
FOOD FOR THOUGHT
All kinds of companies in various sectors have funded incubators or backed startups. But beloved airline JetBlue Airways may have followed the traditional Silicon Valley model the most closely. The company set up a tech hub in Silicon Valley and started invited startups to pitch them for backing. Out of about 3,000 companies that asked, JetBlue has so far backed 28, reports Wall Street Journal reporter Agam Shah, who interviewed Eash Eash Sundaram, the airline's chief technology officer:
When you think about future-proofing JetBlue, you have your own challenges running a large $8 billion company in terms of the operational and commercial complexity. Innovation has been in our DNA, but the pace at which the innovation is happening today, it makes it incredibly difficult for the mother ship to just put a process in place to evaluate these startups and make sure there are focused teams around ingesting these startups within the company.
Meet the Next-Gen Startups Fresh from Target Incubator
How Target is empowering young entrepreneurs who are driving global change.
FOR YOUR WEEKEND READING PLEASURE
A few longer reads that I came across this week:
A Cybersecurity Firm's Sharp Rise and Stunning Collapse (New Yorker)
Tiversa dominated an emerging online market—before it was accused of fraud, extortion, and manipulating the federal government.
I Accidentally Uncovered a Nationwide Scam on Airbnb (Vice)
While searching for the person who grifted them in Chicago, the writer discovered just how easy it is for users of the short-term rental platform to get exploited.
The Drone Wars Are Already Here (Bloomberg Businessweek)
The skies of Syria, Yemen, and Libya swarm with armed and dangerous unmanned aerial vehicles. And the technology is spreading farther and farther afield.
A Road Trip in Mongolia: Bizarre in the Best Way (Wall Street Journal)
Surprisingly, you can tackle Mongolia's vast and varied geography in one manageable road trip. Expect detours and impromptu homestays.
IN CASE YOU MISSED IT
The Mobile Price Wars Are On. Here's How Much You Can Save By Aaron Pressman
Exclusive Analysis: Apple and Disney Are Serious Threats to Netflix By Lance Lambert
HPE's CEO: China 'Needs the West to Continue to Teach Them' By David Z. Morris
Why China's Digital Currency Is a 'Wake-Up Call' for the U.S. By Naomi Xu Elegant
These 'Secret' Recession Signs May Provide Clues to When the Next Downturn Is Coming By Erik Sherman
Theme Parks Turn to Tech to Attract Future Guests By Dale Rutledge
BEFORE YOU GO
If we are giving out awards, how about one for the best costume. I'll take your nominations, but the early front runner has to be Sen. Mitt Romney's grandson, Thomas. Embracing grandpa's recently-unmasked Twitter alter ego, Thomas dressed as Pierre Delecato. Genius! Hope he got plenty of KitKats and no Necco Wafers.
Aaron Pressman
On Twitter:@ampressman
Email: aaron.pressman@fortune.com
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Photo by Carlos Osorio—Toronto Star via Getty Images 
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