Techmeme: DoorDash reports Q4 revenue up 40% YoY to $1.8B, vs. $1.77B est., a $642M net loss, vs. $265M est., up from $155M YoY, and 32M+ MAUs, up from 25M+ YoY (Sarah E. Needleman/Wall Street Journal)

Open Links In New Tab

Mobile Archives Advertise Site News

February 17, 2023, 12:05 PM

Top News

Bloomberg:

The SEC sues Terraform Labs and Do Kwon, accusing them of selling unregistered securities and perpetrating a fraudulent scheme that lost $40B+ in market value — The US Securities and Exchange Commission is preparing to sue the company behind TerraUSD, a crypto stablecoin whose collapse …

More: U.S. Securities …, Reuters, The Verge, Wall Street Journal, The Block, CoinDesk, Engadget, CNBC, Crypto Daily, Cryptonews, Watcher Guru, International Business Times, Tech Startups, Financial Times, Cointelegraph, Finbold, The Crypto Basic, CoinGeek, CryptoPotato, Coinpedia Fintech News, TechCrunch, crypto.news, ZyCrypto, Decrypt, CoinGape, CryptoSlate, BBC, Cryptopolitan, Finextra, Tech in Asia, CoinJournal, PYMNTS.com, Ethereum World News, Bitcoin News, Fortune, Forkast, Crowdfund Insider, Bitcoinist.com, Blockworks, Axios, Micky, and Web3 is Going Just Great

Tweets: @secgov, @allyversprille, @mikeseligesq, @lex_node, @garygensler, @fatmanterra, @tier10k, @parrotcapital, @davidzmorris, @collins_belton, @pt, @fintechfrank, @ryansadams, @hosseeb, @hosseeb, @revolvingdoordc, @web3isgreat, @tier10k, @lex_node, @arbedout, @baidakova, @blkchain_demons, @lex_node, @du09btc, @blaw, @nic__carter, @nic__carter, @johnreedstark, @du09btc, @hosseeb, @caspiancey, @web3isgreat, @meattc_, @esatoshiclub, @muyaoshen, @fatmanterra, @jacqmelinek, @htr_group, @zguz, @codycarbonedc, @tier10k, @meattc_, @lex_node, @jwverret, @fatmanterra, @dr_cswright, @allyversprille, @sunil_trades, @collins_belton, @collins_belton, @parrotcapital, @lonewolf_eth, @tier10k, @traderrocko, @kangspace589, @yoda, @fatmanterra, @samcallah, @parrotcapital, @autismcapital, @carnage4life, @mdudas, @robinwigg, @valkenburgh, and @staska

Suvashree Ghosh / Bloomberg:

The SEC says Do Kwon and Terraform Labs have withdrawn $100M+ in fiat currency from a Swiss bank since June 2022, after moving 10K+ Bitcoin out of a cold wallet — Crypto fugitive Do Kwon and the firm he founded transferred over 10,000 Bitcoin out of their doomed project and turned …

More: CoinDesk, Gizmodo, Finbold, CoinJournal, Watcher Guru, CoinGape, CryptoPotato, and CryptoSlate

Tweets: @emilyjnicolle, @poordart, and @news_of_alpha

Sheila Dang / Reuters:

Source: Microsoft is demoing Bing chatbot to ad agencies, saying it plans paid links within the chatbox responses and industry-specific ads — Microsoft (MSFT.O) has started discussing with ad agencies how it plans to make money from its revamped Bing search engine powered …

More: New York Times, W Media Research, CheeseburgerGothic, and MIT Technology Review

Mastodon: @misc@mastodon.social, @kwun@mstdn.social, @teledyn@mstdn.ca, @brianstorms@mastodon.social, and @sheiladang@mastodon.social

Tweets: @elonmusk, @thatsjust_v_, @sheila_dang, @kenli729, and @martyswant

See also Mediagazer

New York Times:

Microsoft says it is looking at limiting Bing chatbot conversation length and adding tools to let users restart conversations or get more control over tone — The company knew the new technology had issues like occasional accuracy problems. But users have prodded surprising and unnerving interactions.

More: Washington Post, VICE, PCMag, Forbes, USA Today, Computerworld, Insider, TechRadar, Fortune, Memeburn, MSPoweruser, AI News, The Register, BigTechWire, Watcher Guru, Livemint, NBC Bay Area, Mashable, CNN, CNET, PCWorld, and TechCrunch

Tweets: @melmitchell1, @kbandersen, @kasie, @parismarx, @wenbinters, @karlbode, @etzioni, @teknium1, and @pstasiatech

Yueqi Yang / Bloomberg:

Source: Binance is considering de-listing USDC and other tokens and ending relationships with US partners, including VC investments, amid regulatory scrutiny — Crypto giant Binance Holdings Ltd. is considering ending relationships with US business partners as regulators turn up the heat.

More: Reuters, CoinDesk, CoinGape, Coinpedia Fintech News, The Block, and Tech in Asia

Tweets: @muyaoshen and @wublockchain

Reuters:

Documents: Binance used secret access to Binance.US' Silvergate bank account to move $400M+ in Q1 2021 to Binance CEO Changpeng Zhao's trading firm Merit Peak

Wall Street Journal:

Sources: Meta gave ~10% of staff subpar ratings in recent performance reviews, a sign of more workforce reductions, and cut a bonus metric to 85% of its target — The performance-review process is expected to set the stage for more workforce reductions this year — Why Tech Layoffs Don't Reflect the Job Market

More: New York Post, Silicon Valley Business …, Barron's Online, Fortune, and Insider

Tweets: @ivanthek, @sal19, and @samro

OpenAI:

OpenAI plans to improve ChatGPT's behavior to reduce biases, allow more user customization, and get more public input into decision-making about system defaults — We're clarifying how ChatGPT's behavior is shaped and our plans for improving that behavior, allowing more user customization …

More: The Verge, Bloomberg, Neowin, ZDNet, TechCircle, Silicon Republic, PCMag, and Fortune

Tweets: @jasoncrawford, @elonmusk, @gdb, @tusharjain_, @saltiest_gaming, @dr_cintas, @yoda, @lizjosullivan, @chrisdancy, @sama, @tvykruta, @maxkennerly, @shyamalanadkat, @stshank, @officiallogank, @iethics, and @sama

Chloe Xiang / VICE:

OpenAI, Stanford, and Georgetown researchers warn disinformation campaigns could use LLMs and propose governments could restrict training data and AI hardware

Tweets: @motherboard, @lorakolodny, @marshallk, @leahmcelrath, @tante, @mistresssnowphd, and @danmcquillan

Clothilde Goujard / Politico:

Under the Digital Services Act, online platforms disclose their MAUs in the EU: YouTube has 401M, Facebook 255M, Instagram 250M, TikTok 125M, Twitter 101M — TikTok, Twitter, Facebook and Instagram have now confirmed they will face the strictest rules under the EU's content-moderation law, the Digital Services Act (DSA).

More: Reuters, Twitter Transparency Center, Euractiv, AppleInsider, Reuters, TikTok, Tech Xplore, Light Reading, Bloomberg, and Livemint

Tweets: @claesdevreese, @markscott82, @kelseylh, @rebekahktromble, @markscott82, @benedictevans, and @bertuzluca

Victoria Song / The Verge:

Fitbit plans to remove adventures, challenges, and open groups from its app and replace Studio with an SDK; Google says the features were of “limited use” — Fitbit users: better one-up your friends in challenges while you still can. Starting March 27th, Fitbit will remove all adventures …

More: XDA Developers, 9to5Google, Engadget, TalkAndroid.com, Neowin, and Android Central

Tweets: @jannaschulze and @carnage4life

Josh Ye / Reuters:

Sources: Tencent cuts its 300-strong metaverse unit and drops VR hardware plans due to trouble achieving quick profitability and the need for a big investment — Tencent Holdings (0700.HK) is abandoning plans to venture into virtual reality hardware, as a sobering economic outlook prompts …

More: Reuters, Road to VR, crypto.news, GameSpot, The Block, TechNode, Pandaily, Forkast, Slashdot, PingWest, and Cryptonews

Tweets: @therealjoshye and @therealjoshye

Thomas Claburn / The Register:

Source: the UK CMA is investigating a deal in which Google pays Apple a portion of search revenue generated by people using Chrome on iOS — Those billions just may have dissuaded iPhone giant from building rival search, beefing up Safari — EXCLUSIVE Google has been paying Apple a portion …

More: MacRumors, 9to5Mac, AppleInsider, Appuals.com, and Techaeris

Jay Peters / The Verge:

Apple's iOS 16.4 and iPadOS 16.4 betas add support for Safari web apps on the homescreen to send push notifications and show notification badges — Apple's new iOS and iPadOS 16.4 betas will let Safari web apps on your homescreen send you push notifications, according to a new post on the WebKit blog.

Sarah E. Needleman / Wall Street Journal:

DoorDash reports Q4 revenue up 40% YoY to $1.8B, vs. $1.77B est., a $642M net loss, vs. $265M est., up from $155M YoY, and 32M+ MAUs, up from 25M+ YoY — People are spending more on food delivery even as prices rise — DoorDash Inc.'s DASH -1.95%decrease; red down pointing triangle revenue rose …

More: Fast Company, Investor's Business Daily, and DoorDash. Tweets: @gunjanjs

Jackie Davalos / Bloomberg:

DoorDash announces a $750M stock buyback program and says Chief Financial Officer Prabir Adarkar will replace President and COO Christopher Payne on March 1

More: DoorDash Newsroom and PYMNTS.com

Mastodon: @jann@twit.social. Tweets: @ericnewcomer

Erika Wheless / Ad Age:

TikTok quietly launches its in-app shopping checkout feature in the US; apparel brands Pacsun, Revolve, and Willow Boutique seem to be among the pilot partners — Pacsun and Revolve appear to be among the pilot brands — TikTok has quietly launched its shop pilot in the U.S. …

More: Social Media Today. Tweets: @juokaz and @retailgeek

Sponsor Posts

Google:

Try Gemini 3 Pro — Google's newest and most intelligent AI model that helps you bring any idea to life

Soxton:

AI-powered law for startups — Soxton automates startup legal so founders can move faster and sleep better. We handle incorporation, advisor, employment and commercial contracts. Join the waitlist for early access!

Zoho:

Zoho Webinar: A look back at 2025 — As 2025 comes to a close, it's the perfect time to look back at how Zoho Webinar has transformed the way businesses connect, engage, and grow.

IDrive:

Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.

Sponsor Techmeme

Featured Podcasts

The Talk Show With John Gruber:

'A Naughty Citizen', With Quinn Nelson

The director's commentary track for Daring Fireball. Long digressions on Apple, technology, design, movies, and more.

Subscribe to The Talk Show With John Gruber.

Big Technology Podcast:

2025 In Review, 2026 Predictions — With Reed Albergotti

The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.

Subscribe to Big Technology Podcast.

Channels with Peter Kafka:

Podcast Pioneer PJ Vogt's Second Act: Less Budget, More Control

Media and tech aren't just intersecting - they're fully intertwined. To understand how those worlds work, Peter Kafka talks to industry leaders, upstarts and observers.

Subscribe to Channels with Peter Kafka.

BG2 Pod:

AI Enterprise - Databricks & Glean

Open-source podcast on all things tech, markets, investing, and capitalism, hosted by Brad Gerstner.

Subscribe to BG2 Pod.

Great Chat:

The stories we told ourselves in 2025

A podcast mostly about tech. Brought to you weekly by Angela Du, Sally Shin, Mac Bohannon, Helen Min, and Ashley Mayer.

Subscribe to Great Chat.

Tools and Weapons with Brad Smith:

Ted Sarandos: Netflix and how tech changed storytelling

Microsoft Vice Chair and President Brad Smith speaks with leaders in government, business, and culture to explore the most critical challenges at the intersection of technology and society.

Subscribe to Tools and Weapons with Brad Smith.

Add your podcast here

About This Page

This is a Techmeme archive page. It shows how the site appeared at 12:05 PM ET, February 17, 2023.

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:

Trump says Stephen Colbert is a “pathetic trainwreck” and “CBS should, ‘put him to sleep,’ NOW”, after CBS aired a Late Show rerun in which Colbert mocked Trump

Alex Ritman / Variety:

In Channel 4's 2025 Alternative Christmas Message, Jimmy Kimmel said “tyranny is booming” in the US and, on his ABC suspension, “We won, the president lost”

Henry Blodget / Regenerator:

Bari Weiss' 60 Minutes decision may have been a way to both signal that she's serious about shifting CBS' sensibility to the right and “improve” a story

Upcoming Tech Events

Jan 4

Samsung "The First Look" media event

Game Developers Conference

More News

Mike Corder / Associated Press:

The US launches an initiative of non-legally binding guidelines promoting international cooperation on militaries' responsible use of AI and autonomous weapons

More: Reuters, DefenseScoop, United States Department …, WinBuzzer, and Tech Monitor. Tweets: @hwfm_

Cristiano Lima / Washington Post:

The FTC launches an Office of Technology, increasing the number of technologists on staff to ~22, up from the current 10, ahead of legal battles with Big Tech

More: Federal Trade Commission and Engadget

Tweets: @viacristiano and @devindra

Bloomberg:

Filing: the Saudi Arabian Public Investment Fund's Savvy Games Group now owns 8.3% of Nintendo, the largest outside shareholder, up from ~6% in early 2023

More: GamesIndustry.biz, Axios, Associated Press, Game Developer, My Nintendo News, GameSpot, Video Games Chronicle, Eurogamer.net, and GoNintendo

Tweets: @gibiz, @serkantoto, and @6d6f636869

Mike Butcher / TechCrunch:

Bulgaria and London-based Dronamics, a startup claiming to have a license to operate autonomous, long-range, cargo drones in Europe, raised a $40M pre-Series A

More: FinSMEs, UKTN, Silicon Canals, DroneDJ, and EU-Startups

Josh Ye / Reuters:

Lenovo reports Q3 revenue down 24% YoY to $15.3B, its largest revenue decline in 14 years, net income down 32% YoY to $437M, and warns of spending and job cuts

More: The Register, Tom's Hardware, Lenovo StoryHub, Thurrott, Financial Times, South China Morning Post, and Neowin. Mastodon: @markearnest@mstdn …

Raffaele Huang / Wall Street Journal:

Sources: ByteDance's Slack-like collaboration tool Feishu, which reportedly had 9.3M MAUs in November 2022, hit $100M subscription revenue in 2022, up 270% YoY

More: TechCrunch, TechNode, and Pandaily. Tweets: @jchengwsj

Chainalysis:

Analysis: 24% of the 40,521 tokens launched in 2022 that “got traction” saw a 90%+ price drop in their first week of trading, suggesting pump-and-dump activity

More: Cointelegraph, crypto.news, Watcher Guru, Wired, and Gizmodo

Tweets: @chainalysis and @michael63140627

Earlier Picks

Janko Roettgers / Lowpass:

A patent and a job listing suggest Meta is working on an advanced smart glasses assistant; docs show staff have tested a proactive assistant on Ray-Ban Stories

More: XDA Developers, BleepingComputer, and Meta

Tweets: @ygnatyuk_, @jank0, @bakaykostya, @ygnatyuk_, @colinhughesuk, and @michaelwolf

Bloomberg:

The FCC is investigating whether ISPs exaggerated their coverage to authorities preparing to distribute billions in subsidies for broadband in underserved areas

More: DCD and CNET

Jennifer Elias / CNBC:

In an email, Google's Search SVP tells staff to rewrite Bard's bad responses in a “neutral tone” and to “not imply emotion” as the tool “learns best by example”

More: MarTech, Beyond Search, Voicebot.ai, 9to5Google, and Mashable

Tweets: @hughlangley, @ichetan, @alexandr_wang, and @jenn_elias

Sarah Perez / TechCrunch:

Snap says Snapchat now has 750M+ MAUs, up 25% from April 2022, 150M of which are in North America, Snapchat+ for $3.99/month has 2.5M subscribers, and more

More: The Economic Times, Snap Newsroom, Bloomberg, TechCircle, SiliconANGLE, Engadget, Social Media Today, and The Information

Tweets: @russcp, @turnernovak, @russcp, and @russcp

Tom Warren / The Verge:

Microsoft authorizes Parallels Desktop 18 to support Windows 11 on Apple's M1 and M2 Macs, after previously only licensing ARM versions of Windows to OEMs

Aisha Malik / TechCrunch:

Meta launches Instagram Channels, a broadcast chat feature that lets select US creators share public, one-to-many text, images, and more with their followers

Sarah Perez / TechCrunch:

Tile debuts an anti-theft mode that requires biometric data, a government ID, and a ToS letting Tile share info with police, to limit the misuse of its trackers

More: Life360, PCMag, iClarified, Chris Hulls, Android Police, MacRumors, CNBC, Engadget, TechRadar, TechSpot, PCWorld, ZDNet, Gizmodo, PetaPixel, and AppleInsider. Tweets: @willmaryescoto