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Techmeme
October 11, 2022, 8:45 AM
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Top News

Washington Post:
Under Texas' social media law, Kanye West's antisemitic posts on Twitter and Instagram would likely stay up, signaling a difficult future for social media  —  Taking down the rapper's bigoted posts was an easy call for Twitter and Instagram.  That could change if Elon Musk and some GOP leaders have their way.
Richard Lawler / The Verge:
CNN closes its “Vault by CNN” NFT project, launched in 2021 to “own a piece of history”, and plans to compensate purchasers with FLOW tokens or stablecoins  —  You may have already forgotten about it, but Vault by CNN launched in the summer of 2021 as a marketplace for its own NFTs …
Naoto Hosoda / Bloomberg:
Chip-related stocks in Japan, South Korea, and Taiwan slump after US curbs on China; on October 10, the PHLX index closed at a low not seen since November 2020  —  Chip-related stocks in Japan, South Korea and Taiwan slumped as traders returning from Monday's holidays reacted …
Joseph Pisani / Wall Street Journal:
Billionaire tech investor Yuri Milner renounced his Russian citizenship in August, after leaving Russia in 2014; Milner has been an Israeli citizen since 1999  —  His firm, DST Global, has invested in technology companies including Facebook, Twitter and Airbnb
Bloomberg:
Portugal's budget proposes taxing gains on crypto purchases held for less than a year at 28%, a major shift for one of Europe's most crypto-friendly countries  —  Portugal is planning to start taxing digital-currency gains on purchases held for less than a year in a major policy shift for one of Europe's most crypto-friendly nations.
Sarah Perez / TechCrunch:
YouTube announces “handles”, letting creators identify their channel using the @username format across channel pages, video descriptions, comments, and Shorts  —  YouTube is making it easier for creators to direct viewers to their channels.  The company today announced “handles …
Andy Stone / @andymstone:
Meta says documentation in The Wire's article alleging Instagram removed posts flagged by a BJP member in India without oversight “appears to be fabricated”  —  @JeffHorwitz Where to even begin with this story?! X-check has nothing to do with the ability to report posts. The posts in question were surfaced for review by automated systems, not humans. And the underlying documentation appears to be fabricated.
Jahnavi Sen / The Wire:
Source: Instagram removed 705 posts without oversight in India in September, after being flagged by Amit Malviya, the head of BJP's IT Cell, as part of XCheck
The Guardian:
In a court hearing over Crypto.com erroneously sending an Australian woman $10.5M, an executive says a worker in Bulgaria entered the wrong data on Excel  —  Money from crypto exchange was allegedly used to buy four houses worth $4m, vehicles, art and furniture, police officer tells court
Sergiu Gatlan / BleepingComputer:
Fortinet confirms a critical remote authentication bypass vulnerability in FortiOS, FortiProxy, and FortiSwitchManager is being exploited; a patch is available  —  Fortinet has confirmed today that a critical authentication bypass security vulnerability patched last week is being exploited in the wild.
Financial Times:
Amazon's second Prime Day event is an attempt to capture holiday spending ahead of Black Friday as growth lags; analysts estimate an extra $4.1B in Q4 sales  —  Amazon is holding its second Prime Day shopping event in a year for the first time this week in a bid to boost its flagship ecommerce product and reverse declining sales.
Ingrid Lunden / TechCrunch:
Ofcom research: one-third of UK children between 8 and 17 with social media profiles use falsified adult ages, mainly by signing up with a fake date of birth  —  Companies like Instagram are getting been heavily fined (and dragged through the publicity coals) over how they have mishandled children's privacy on their platforms.
Ron Miller / TechCrunch:
Canalys, IDC, and Gartner global Q3 2022 PC shipment estimates have a big discrepancy for Apple: up 1.7% YoY, up 40.2% YoY, and down 15.6% YoY, respectively  —  PC shipments plunged across the world in the third quarter with overall sales falling 18%, according to numbers compiled by Canalys.
Cecilia D'Anastasio / Bloomberg:
A look at efforts by Twitch executives at TwitchCon to reassure streamers about monetary concerns, as Amazon stresses financial independence for the service  —  Weeks after Amazon.com Inc.'s video livestreaming site Twitch announced controversial changes to the way creators make money on the platform …

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 8:45 AM ET, October 11, 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

Benjamin Mullin / New York Times:
Arkansas PBS severs ties with the PBS network, the first state public TV system to do so since Congress cut CPB funds, citing the annual $2M+ membership cost

Financial Times:
OpenAI hopes the Disney deal boosts Sora, which has high costs and limited traction; Sensor Tower: users average 13 minutes per day on Sora vs. 90 on TikTok

Sam Roberts / New York Times:
Arthur L. Carter, who started a Connecticut newspaper in 1981, bought and sold The Nation, and founded the New York Observer in 1987, has died at 93

More News

Corin Faife / The Verge:
Data analysis: users of Twitter's Birdwatch fact-checking tool have focused on posts about COVID-19, false earthquake predictions, and election misinformation

Earlier Picks

Nilesh Christopher / Rest of World:
WhatsApp users in India say the service, which has ~550M users in the country, has become overrun by spam from brands, some using WhatsApp's business tools
Zi Wang / Decrypt:
Days after Celsius shared all its users' names and crypto transaction histories in a bankruptcy filing, a new website shows who allegedly lost the most money
Low De Wei / Bloomberg:
After criticism, PayPal says its policy update about a $2,500 penalty for “the sending, posting, or publication” of misinformation was “incorrect information”
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