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August 21, 2022, 2:35 PM
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memeorandum
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| Kashmir Hill / New York Times: |
A dad who sent Android photos of his baby's groin to a doctor says Google disabled his account and police probed him after Google flagged the photos as CSAM — Google has an automated tool to detect abusive images of children. But the system can get it wrong, and the consequences are serious.| Kate Rooney / CNBC: |
Leaked financials: FTX had revenue of $1.02B in 2021, up from $89M in 2020; operating income grew from $14M to $272M; US accounted for less than 5% of revenue — - FTX saw explosive growth last year driven by its global trading business, according to audited financials seen by CNBC.
More:
The Block, CoinGape, CoinJournal, CryptoPotato, and Cointelegraph
Tweets: @larrylimoncello, @yellowlablife, @stockmktnewz, @realdannynelson, @olitsar, @wublockchain, @kr00ney, and @kr00ney. Thanks:@mattrosoff
| Kalley Huang / New York Times: |
Find My and other location-sharing apps have become a staple in some young people's friendships, ostensibly for safety while blurring lines of privacy — Introduced 10 years ago, the app has slowly become a popular way to keep track of friends. But it comes with considerable privacy concerns.| Gary Gensler / Wall Street Journal: |
SEC chair says recent market events show why it is critical for companies offering crypto lending to comply with federal securities laws to protect investors — Securities laws that protect investors continue to apply even when new technologies come along. — WSJ Opinion: Hits and Misses of the Week
Tweets: @johnedeaton1, @bitfinexed, @vincemcp, @mattysino, @mattysino, and @carlosdomingo
| Lora Kolodny / CNBC: |
Elon Musk says price of FSD will rise from $12K to $15K in September when Tesla rolls out Beta 10.69.2, which lets drivers test new features on public roads — - Tesla plans a 25% price increase for its premium, driver assistance system marketed in the U.S. as the Full Self-Driving, or FSD, option.| Financial Times: |
SoftBank CFO says the company sold a large part of its stake in Alibaba to “instantly show” investors its finances were solid after a $23B quarterly loss — Yoshimitsu Goto says Japanese technology group wanted to ‘instantly show’ its finances were solid| Reuters: |
NSO Group CEO is stepping down as the company restructures to focus on NATO countries; source: NSO is also cutting 100 posts out of its 750-strong workforce — Israeli spyware firm NSO Group said on Sunday its Chief Executive Shalev Hulio is stepping down with immediate effect … | Zeyi Yang / MIT Technology Review: |
An overview of electronic design automation software used for designing chips, as the US Commerce Department announces export controls on certain EDA tools — The US has moved to restrict export of EDA software. What is it, and how will the move affect China?| Scott Chipolina / Financial Times: |
JPMorgan: Tether, Circle, and other stablecoin issuers now hold $80B of short-term US government debt, accounting for 2% of the Treasury bills market as of May — Ownership highlights how digital asset players are encroaching on traditional markets — Stablecoin issuers like Tether …
Tweets: @eden_holdings
| Wall Street Journal: |
Chinese game makers, facing slowing domestic user growth and fewer game approvals amid the regulatory crackdown, are rushing into overseas markets like the US — With fewer titles approved and domestic user growth slowing, Tencent and its competitors are looking to expansion abroad
Tweets: @jchengwsj and @rwang0
| Patricia Hernandez / Kotaku: |
Zuckerberg responds to the mockery of the Horizon Worlds selfie, saying it was taken quickly to celebrate a launch and promises major updates to avatar graphics — Earlier this week was supposed to be a celebratory time for the folks at Meta, as its reality-devouring project Horizon Worlds was now available in more countries.
More:
Slate, CNN, The Verge, Insider, Mark Zuckerberg, Livemint, TheGamer, Polygon, Slashdot, Mashable, Social Media Today, TechCrunch, and Engadget
Tweets: @rmac18, @bgurley, @stefankarpinski, @howardlindzon, @anshublog, @amasad, @nickdcarver, @jetgreguar, @mollywood, @nathievr, @datnofact, @lifebettergreen, @karaswisher, @thrilluwu, @leslievdb, @peterpham, @adamnash, @hankgreen, @elipariser, @hackingbutlegal, @limitlessjest, @hackingbutlegal, @caseynewton, @yoda, @benitopagotto, @om, @nateingraham, @alexeheath, @howlmedia, @kellymakena, @rmac18, @kateconger, @paultassi, @hmltn, @walldo, and @stevekovach
| Ryan Naraine / SecurityWeek: |
TXOne Networks, which builds and sells tech for securing industrial IoT environments, has raised a $70M Series B led by TGVest Capital — TXOne Networks, a joint venture between cybersecurity firm Trend Micro and industrial networking solutions provider Moxa, has banked $70 million in new venture capital funding.
More:
FinSMEs, TXOne Networks, and PitchBook
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