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February 24, 2021, 8:35 AM
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Top News

Joshua Benton / Nieman Lab:
Facebook's Australia news ban shows tech giants don't mind giving up money to appease regulators and business, but will not give up control over platforms  —  [Warning: Violent and gruesome metaphor ahead.]  —  In The Usual Suspects (1995), there's a scene in which the true extent …
Nick Clegg / About Facebook:
Facebook defends its stance in Australia, says it invested $600M since 2018 to support the news industry and plans at least $1B more over the next three years  —  Last week, in a move that will have felt abrupt and dramatic to many, Facebook announced it was stopping the sharing of news on its service in Australia.
Georgia Hitch / ABC:
Australia says Facebook agreed to reinstate news content in Australia in the coming days after the government promised amendments to its proposed media bill
Selena Deckelmann / The Mozilla Blog:
New Firefox update adds support for multiple picture-in-picture windows and “Total Cookie Protection”, to prevent the use of cookies to track users across sites  —  Beginning last year, the internet began playing a bigger role in our lives than ever before.
Chris Welch / The Verge:
LG says that it will license its webOS software to other TV brands, such as RCA, Ayonz, and Konka; LG's redesigned webOS 5.0 version will not be included  —  The modern webOS is no longer exclusive to LG's TV lineup  —  LG tonight announced that the company's webOS smart TV platform will soon be found on TVs from other brands.
Sean Hollister / The Verge:
California's 2018 net neutrality law, SB 822, can go into effect after a California judge declined to grant the telecom industry a preliminary injunction  —  It survived challenges from Trump's DOJ, and now one from telecom industry too  —  Net neutrality died a horrible death in 2017 …
Square - Investor Relations:
Square announces it spent $170M to acquire 3,318 bitcoins at an average price of $51,236, following its earlier $50M bet on the cryptocurrency  —  Square also announced a $170 million purchase in bitcoin as part of its ongoing commitment to the cryptocurrency
Emily Bary / MarketWatch:
Square beats in Q4 with revenue of $3.16B vs estimates of $3.10B, up from $1.31B a year earlier, with $1.76B revenue from bitcoin and Cash app revenue of $416M
Stephen Warwick / iMore:
Some M1 Mac owners report a worryingly large number of writes to their Macs' SSDs, though in some cases it could be explained by faulty monitoring tools  —  “If this is accurate, some of these machines aren't going to last half a year”  —  What you need to know
Sarah Perez / TechCrunch:
Google announces new features for Android, including a way to schedule texts and a Password Checkup tool to notify users of compromised credentials  —  Google today announced the next set of features coming to Android, including a new password checkup tool, a way to schedule your texts …
Maggie Miller / The Hill:
At Tuesday's SolarWinds hearing, Microsoft and FireEye urged Congress to create mandatory breach reporting requirements for companies  —  Top executives from Microsoft and FireEye on Tuesday urged Congress to create mandatory breach reporting requirements for companies following …
Kris Holt / Engadget:
Facebook says it is testing more tools to combat child exploitation on its platform, including a measure warning users of “non-malicious sharing” of viral memes  —  Facebook says it is testing more tools to help the social network prevent people from sharing content that  —  exploits children.
Josh Sisco / The Information:
Sources: the DOJ is investigating if Apple's use of its “Sign in with Apple” button makes it more difficult for users to switch to a rival device maker  —  More and more iPhone apps are offering people the option of signing up by using information stored with Apple …
Nikkei Asia:
Draft executive order from Biden admin orders development of a US supply chain strategy less reliant on China, focused on chips, batteries, rare-earth metals  —  Exclusive: Biden to sign presidential order to bolster chip, battery and rare-earth industries  —  WASHINGTON/TAIPEI …
Casey Newton / Platformer:
The rise of TikTok, Clubhouse, and Substack shows that social networks have gotten competitive again, amid antitrust pressure on Facebook from the US government  —  Facebook's surprising new challengers in audio, video, photos, and text  —  Lately, the consumer internet …
Todd Bishop / GeekWire:
Internal memo: Amazon SVP Jeff Blackburn, a close lieutenant to Jeff Bezos for more than 22 years, says he is leaving the company, after a year-long sabbatical  —  Another Jeff is moving on from his longtime Amazon executive role, filling out the picture of what has become a massive leadership transition at the tech giant.
Tim Copeland / Decrypt:
Bitfinex and Tether agree to an $18.5M settlement with the New York AG and will stop operating in the state following a two-year probe  —  Bitfinex and Tether have agreed to stop all trading activity in the state of New York as part of a settlement announced today by New York Attorney General Letitia James.
Anthony Ha / TechCrunch:
Emotive, which enables e-commerce businesses talk to customers using conversational text messages, raises $50M Series B led by CRV, at a $400M valuation  —  While more businesses are turning to text messages as a marketing channel, Emotive CEO Brain Zatulove argued that most marketers are just treating it as another “newsletter blast.”

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 8:35 AM ET, February 24, 2021.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Gene Maddaus / Variety:
Paramount agrees to a request from 12 states, led by CA, to link their federal antitrust case in the WBD merger to an existing Paramount+ subscriber lawsuit

Ted Johnson / Deadline:
Brendan Carr proposes repealing the national ownership cap, which restricts amassing TV stations that cover more than 39% of households, and sets an Aug. 6 vote

Bauer Media:
Bauer Media appoints Frances Hedges as Editor of Grazia; she was previously Deputy Editor of Harper's Bazaar UK

More News

Todd Spangler / Variety:
Snap says it expects 50%+ revenue growth YoY over the next several years and that Snapchat Stories has become its largest revenue stream; stock up 11%
The Information:
Source: ~40%, or 40M, of Disney+ subscribers are in the US, and Disney has said 30% are in India, so Europe and LatAm seem to make up less than a third of subs

Earlier Picks

Hirsh Chitkara / Protocol:
Inside Chess.com's streaming success, with Twitch users watching 18.3M hours of chess content in January, nearly as much as they consumed throughout all of 2019
Sarah E. Needleman / Wall Street Journal:
After delaying its plans, Roblox says it will go public via direct listing on March 10; in January, the company was valued at $29.5B after raising $500M+
Ashley Carman / The Verge:
Q&A with Spotify's Daniel Ek on growing the number of creators on the service and engaging with them, podcast success metrics, Clubhouse, and more
Gene Park / Washington Post:
Sony says it's developing a VR headset for the PlayStation 5 that will be much less cumbersome than its current PS VR setup, but the device won't launch in 2021
Cecilia Kang / New York Times:
FCC proposes using $3.2B in emergency funds to subsidize broadband services for low-income families with discounts worth $50/month, or $75/month on tribal lands
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