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August 31, 2022, 6:15 PM
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| Nelson Wang / CoinDesk: |
Washington DC AG Karl Racine sues Michael Saylor for tax fraud and his company MicroStrategy “for conspiring to help him evade taxes” on “hundreds of millions” — The attorney general's office is also suing the business software company for allegedly helping him evade taxes on his earnings in the district.
More:
Office of the Attorney General for the District of Columbia, PYMNTS.com, Decrypt, Fortune, Blockworks, The Block, Bloomberg, Financial Times, Cointelegraph, Crypto Briefing, CNBC, Bitcoinist.com, and CryptoSlate
Tweets: @agkarlracine, @agkarlracine, @agkarlracine, @silvermanjacob, @zerohedge, @adamscochran, @rager, @napgener, @richardheartwin, @keubiko, @silvermanjacob, @chubbicorn219, @lopp, @tier10k, @saylor, @zerohedge, @neiljacobs, @nftherder, @venturecoinist, @neiljacobs, @canteringclark, @calvinayre, @ahcastor, @silvermanjacob, @chubbicorn219, @silvermanjacob, @agkarlracine, @coindesk, and @ahcastor
| Alex Heath / The Verge: |
Memo: on top of cutting ~20% of its staff, Snap cancels its original shows, in-app games, and Zenly and Voisey apps; the layoffs could save $500M annually — Snapchat's original shows, in-app games, and camera drone are no more — Snap is laying off around 20 percent of its more than 6,400 employees …
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TechCrunch, New York Times, The Register, Thurrott, The Hill, CNN, Neowin, dot.LA, IndieWire, The Hollywood Reporter, CNBC, Axios, MobileSyrup, Wall Street Journal, Deadline, Gizmodo, Axios, Bloomberg, The Information, Tubefilter, Fortune, TechCrunch, TechSpot, Insider, and The Verge
Tweets: @sarafischer, @obrien, @gergelyorosz, @tuviae, @sarafischer, @kyurieff, @kyurieff, @alexeheath, @rachelracusen, @alexeheath, and @sarthakgh
| Joseph Cox / VICE: |
After an outcry over serving anti-trans stalking forum Kiwi Farms, Cloudflare says denying security services due to “despicable” content is the wrong policy — The company has faced mounting pressure to stop providing security services to Kiwi Farms, whose users regularly dox and stalk trans people.
More:
The Cloudflare Blog, Bloomberg, The Register, and Protocol
Tweets: @cloudflare, @daphnehk, @esqueer_, @keffals, @glaad, @esqueer_, @datadrivenmd, @transscribe, @josephfcox, @josephfcox, @josephfcox, @josephfcox, @chemicalcrux, @aliceicecile, @adequateemily, @ncweaver, @esqueer_, @lazerwalker, @lizthegrey, @josephfcox, @lizthegrey, @embryethan, @gossithedog, @ariadneconill, @yoshuawuyts, @melissagira, @ra6bit, @pikhq, @bitandbang, @shortformernie, @hpana, @tomkrazit, @cmg, @xml, and @agoingaccount
| Reuters: |
Arm sues Qualcomm and its subsidiary Nuvia for using licenses without approval, asking Qualcomm to destroy designs developed under Nuvia's agreements with Arm — Chip technology firm Arm Ltd, which is owned by Softbank Group Corp (9984.T), said on Wednesday it has sued Qualcomm Inc (QCOM.O) …
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Arm, Tom's Hardware, Protocol, iTnews, Financial Times, Bloomberg, Axios, and Slashdot. Tweets: @benbajarin
| Mat Di Salvo / Decrypt: |
Crypto.com sues an Australian woman after erroneously sending her AU$10.5M in May 2021 instead of a AU$100 refund; the woman reportedly bought a AU$1.35M house — A woman asked for a $100 refund from the crypto platform but instead received $10.5 million—and then went on a spending spree, according to reports.
More:
The Verge, The Guardian, Cointelegraph, 7NEWS, PCMag, TICKER NEWS, The Register, Fortune, Ars Technica, Mashable, Game Rant, TechSpot, Insider, Engadget, Gizmodo, CryptoPotato, Coinspeaker, Web3 Is Going Just Great, crypto.news, Bitcoinist.com, and Input
Tweets: @joshgnosis, @rjcc, @alexhern, @alexhern, @bgurley, @quinnypig, @kantrowitz, @abstractcode, @geek_news, @yo, @paul_karp, @shwinyo, @chrisfralic, @riptari, @mikeelgan, @caseynewton, @carnage4life, @alexhern, @jamespmcleod, and @pt
| Jesse Hamilton / CoinDesk: |
a16z releases free “Can't Be Evil” licenses for NFTs, inspired by Creative Commons, on GitHub; NFT licensing has been attempted before, including by Dapper Labs — Andreessen Horowitz's crypto arm is releasing a free licensing system, aiming to help the NFT sector fulfil its “economic potential.”
More:
a16z crypto, Decrypt, Blockworks, Cointelegraph, and The Block
Tweets: @milesjennings, @chrisamccoy, @alexisohanian, @felixsalmon, @icme_app, @rhhackett, @milesjennings, @betterlawmla, @royprice, and @adzebill
| Corin Faife / The Verge: |
Microsoft reveals a now-patched “high severity vulnerability” in TikTok for Android that could let attackers take over accounts that clicked on a malicious link — Hackers could have used the exploit to post videos, send messages, and edit account details
More:
Microsoft Security Blog, Gizmodo, The Record, Engadget, BleepingComputer, Neowin, Thurrott, and XDA Developers. Tweets: @msftsecintel
| Chris Scullion / Video Games Chronicle: |
Sony and Tencent's Sixjoy acquire a combined 30.34% of Elden Ring game company FromSoftware; FromSoftware's parent Kadokawa retains the remaining 69.66% — FROMSOFTWARE SAYS THE INVESTMENT MAY HELP IT PUBLISH GAMES GLOBALLY — Elden Ring studio FromSoftware has announced that it's selling shares … | Amrith Ramkumar / Wall Street Journal: |
Ticketing service SeatGeek raised a $238M Series E at a ~$1.2B valuation after terminating a SPAC deal with Forbes in early June — Created with sketchtool. — SeatGeek has raised $238 million privately from investors including Wellington Management after recently terminating a merger …
More:
SeatGeek, TechCrunch, Crunchbase News, and PYMNTS.com
| Kyle Bradshaw / 9to5Google: |
Q&A with Chris McKillop, the former director of engineering for Google's Fuchsia project, on the past, present, and future of the OS, Nexus Q failures, and more — The former director of engineering for Google's Fuchsia project, Chris McKillop, has shared with us some insights …
Tweets: @technacity
| ProPublica: |
An investigation details an Instagram verification scheme using fake profiles on Spotify, Apple Music, Deezer, and more; Meta removes badges from 300+ accounts — ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive our biggest stories as soon as they're published.| Bloomberg: |
Apple VP of Corporate Development Adrian Perica resigned from Didi's board, which he joined in 2016 after Apple's $1B investment in the ride-hailing company — An Apple Inc. executive has left the board of Didi Global Inc., as the Chinese ride-hailing company struggles to regain ground …
More:
DiDi Global, 9to5Mac, MacRumors, Philip Elmer‑DeWitt, iPhone in Canada Blog, The Mac Observer, Apple Must, MacDailyNews, AppleInsider, and Patently Apple
Tweets: @markgurman, @pelstrom, and @sarthakgh
| Will Oremus / Washington Post: |
Twitter's Elon Musk takeover saga has only amplified its problems, which stem from a broken business model at odds with the platform's freewheeling nature — Its ill-fated foray into adult content is emblematic of an unpoliceable platform — and a broken business model| Suzanne Vranica / Wall Street Journal: |
Sources: Netflix seeks to charge brands ~$65 for 1,000 viewers on its ad-supported tier, more than most other services, with an annual $20M brand spending cap — Streaming giant aims for Nov. 1 launch of ad-supported tier, ad buyers say — Netflix Inc. NFLX 1.32%▲ … | Christine Hall / TechCrunch: |
Solid, which offers APIs for banking, payments, cards, and crypto features, raised a $63M Series B led by FTV Capital, bringing its total funding to $80.7M — Solid, which rebranded from Wise in 2021, raised a $63 million Series B round of funding to continue providing its fintech …
More:
PYMNTS.com, PRWeb, and FinSMEs
| Bloomberg: |
China's punishing tech crackdown undercut the industry's role as the largest and most sought-after employer, leading to high college graduate unemployment rates — When Xi Jinping tightened the screws on China's technology industry last year, he escalated a jobs crisis for the youngest …
Tweets: @tommackenzietv, @angelazhanghk, and @nerysinchina
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