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Techmeme
August 30, 2022, 7:05 PM
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Top News

The Verge:
Sources: Twitter was working to monetize its adult content with OnlyFans-style subscriptions until a “red team” noted the prevalence of CSAM on the platform  —  Internal documents and Twitter employees reveal the need for massive investment to remove illegal content — but executives haven't listened
Alex Heath / The Verge:
Sources: Snap is planning to lay off ~20% of its 6,400+ employees; the layoffs are set to begin on Wednesday  —  Snap's stock price has declined nearly 80 percent this year  —  Snap is planning to lay off approximately 20 percent of its more than 6,400 employees, according to people familiar with the matter.
Sara Fischer / Axios:
Google says it has not yet approved Truth Social's Play Store app due to insufficient content moderation; CEO Devin Nunes said the decision “is up to Google”  —  Google hasn't yet approved Truth Social's Android app for distribution via its Play Store because of insufficient content moderation …
Ivan Mehta / TechCrunch:
Twitter releases its Circle feature out of beta on iOS, Android, and the web, letting users tweet to smaller, selected groups of up to 150 people  —  Twitter is launching its Circle feature — which lets you post a tweet to a select set of people — globally.
Aisha Malik / TechCrunch:
Sony plans to acquire Savage Game Studios and creates a new PlayStation Studios Mobile Division, operating independently from console game development  —  Sony is acquiring mobile game developer Savage Game Studios, the company announced on Monday.  The financial terms of the deal were not disclosed.
Shannon Grixti / Press Start:
Sony updates the PS5 in Australia ahead of a broader rollout, reducing the disc model's weight by 300g and digital model's by 200g compared to the 2021 versions  —  Earlier today it was revealed by Japanese retailers that a brand new PS5 model dubbed the CFI-1200 model was releasing on September 15th …
Alex Heath / The Verge:
Netflix hires two Snap executives to lead its ad-supported tier plan: Snap's Chief Business Officer Jeremi Gorman and VP of Sales for the Americas Peter Naylor  —  Snap's VP of ad sales is also leaving for Netflix  —  Netflix has found an executive to lead its plan for an ad-supported tier …
MK Manoylov / The Block:
Kevin Rose's NFT startup Proof announces a $50M Series A led by a16z, upcoming NFT project Moonbirds Mythics, and a DAO to handle licensing of Moonbirds' name  —  - Additional participants in the round include Collab+Currency, Flamingo DAO, SV Angel, VaynerFund and Seven Seven Six.
Jordan Middler / Video Games Chronicle:
Meta plans to shutter the Facebook Gaming app on iOS and Android on October 28, 2022, transferring games, content, and groups to the main Facebook app  —  MUCH OF THE FUNCTIONALITY WILL BE MIGRATED TO THE MAIN FACEBOOK APP  —  Facebook will end support for its Facebook Gaming app in October, it's announced.
Debby Wu / Bloomberg:
TSMC CEO C. C. Wei says an endemic shortage of low-end chips costing $0.50 to $10 is holding up production in key segments of the global supply chain  —  An endemic shortage of chips costing anywhere from 50 cents to $10 is slowing down swathes of the $600 billion semiconductor industry …
Giles Turner / Bloomberg:
In an SEC filing, Elon Musk adds Peiter Zatko's allegations as a reason to terminate the $44B takeover bid, saying Twitter is in “material noncompliance”  —  Elon Musk has cited the recent accusations from a Twitter Inc. whistle-blower as a new reason to terminate the $44 billion takeover of the social media platform.
Cat Zakrzewski / Washington Post:
Elon Musk's lawyers have subpoenaed Twitter whistleblower Peiter Zatko to appear on September 9 for a deposition; Zatko's lawyers say he will comply
Zack Whittaker / TechCrunch:
A researcher says a Chinese database of up to 800M records was exposed for months, storing names, resident ID numbers, images of faces, license plates, and more  —  Another mass data lapse exposes new weaknesses in China's sprawling surveillance state  —  A massive Chinese database storing millions …
Tatum Hunter / Washington Post:
Mental health content creators on TikTok and Instagram are increasingly filling a health care gap, which critics fear could lead to harmful self-diagnoses  —  Issey Moloney signed up for therapy through Britain's National Health Service when she was just 12 years old.  She was on a waiting list for four years.
Natasha Singer / New York Times:
California's State Senate passes an online safety bill requiring services to increase protections for users under 18; Governor Newsom must approve the bill  —  The new rules, which would require many online services to increase protections for children, could change how popular social media and game platforms treat minors.
Jonathan Greig / The Record:
Google launches a bug bounty program for its open-source projects, offering payouts up to $31,337, one of the first open source-specific vulnerability programs  —  Google announced on Tuesday that it is launching an open source software vulnerability bug bounty program …

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 7:05 PM ET, August 30, 2022.

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

Todd Spangler / Variety:
FCC filing: Paramount says the merged Paramount-WBD will be 49.5% owned by foreign investors, with ~38.5% of the equity held by a trio of Middle Eastern funds

Semafor:
Sources: the FCC is moving toward a review of Disney's broadcast licenses, putting pressure on the ABC owner as it faces scrutiny over Jimmy Kimmel's monologue

Reuters:
Bertelsmann agrees to combine BMG with Concord in a cash-and-stock deal giving it a 67% stake; Concord shareholders will receive a 33% stake and $1.16B in cash

More News

NBC News:
The FBI responds to Mark Zuckerberg's claims about Hunter Biden's laptop on Joe Rogan's show, saying it “routinely notifies” US companies of potential threats
Emily Anthes / New York Times:
Scientists are using ML to decode communication between fruit bats, crows, naked mole rats, and whales, even planning “chatbots” to talk with the marine animals
Mark Bergen / Bloomberg:
A book excerpt details YouTube's efforts to remove Islamic extremist content and how the platform mostly failed to address other forms of political extremism

Earlier Picks

Ryan Broderick / Garbage Day:
Social media election “war rooms” are set up to obscure the fact that misinformation and disinformation are integral parts of user-generated content platforms
Todd Spangler / Variety:
YouTube Chief Business Officer Robert Kyncl plans to leave in early 2023 after 12+ years as a senior executive; Google veteran Mary Ellen Coe will replace him
Tom Krazit / Protocol:
Cloudflare is facing growing protests for providing services to Kiwi Farms, a forum with a long history of harassment; Cloudflare remains silent on the matter
Financial Times:
Hiroshi Mikitani, the founder of Rakuten, whose mobile business is bleeding cash, defends his reputation with investors ahead of a planned IPO of Rakuten Bank
Ryan Smith / AnandTech:
AMD unveils its Ryzen 7000 CPU lineup, from the $299 six-core 7600X to the $699 16-core 7950X, launching on September 27 alongside AM5 motherboards
Omkar Godbole / CoinDesk:
Crypto coin AVAX fell 10%+ after a self-described whistleblower said Avalanche weaponized litigation against rivals; CEO calls it “conspiracy theory nonsense”
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