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February 17, 2023, 2:05 PM
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Suvashree Ghosh / Bloomberg:
The SEC says Do Kwon and Terraform Labs have withdrawn $100M+ out of a cold wallet holding 10K+ Bitcoin via an intermediary Swiss bank account since June 2022  —  Crypto fugitive Do Kwon and the firm he founded transferred over 10,000 Bitcoin out of their doomed project and turned …
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 …
New York Times:
Microsoft is considering limiting Bing chatbot's conversation lengths and adding tools to let users restart conversations or give them more control over tone  —  The company knew the new technology had issues like occasional accuracy problems.  But users have prodded surprising and unnerving interactions.
Sheila Dang / Reuters:
Source: Microsoft is demoing the Bing chatbot to ad agencies and is testing inserting traditional search ads and industry-specific ads into the responses
Yueqi Yang / Bloomberg:
Source: Binance is considering de-listing USDC and other tokens from US projects, ending US partnerships, and closing VC investments, amid regulatory scrutiny  —  Crypto giant Binance Holdings Ltd. is considering ending relationships with US business partners as regulators turn up the heat.
Wall Street Journal:
Sources: Meta gave ~10% of employees subpar ratings in recent performance reviews, a potential sign of more layoffs, 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
Clothilde Goujard / Politico:
Under the Digital Services Act, online platforms disclose their MAUs in the EU: YouTube has 401M+, Facebook ~255M, Instagram ~250M, TikTok 150M, Twitter 100.9M  —  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).
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 …
Sergiu Gatlan / BleepingComputer:
GoDaddy says it discovered a multi-year security breach in early December 2022 where unknown attackers stole source code and installed malware on its servers  —  Web hosting giant GoDaddy says they suffered a breach where unknown attackers have stolen source code and installed malware …
OpenAI:
OpenAI aims to improve ChatGPT's behavior by reducing biases, allowing more user customization, and getting more public input into the company's decision-making  —  We're clarifying how ChatGPT's behavior is shaped and our plans for improving that behavior, allowing more user customization …
Kris Holt / Engadget:
Samsung says the Message Guard feature in Galaxy S23 series will prevent zero-click exploits via messaging apps by detecting malware hidden in image attachments  —  Zero-click attacks, which can install malware onto a device without the user clicking or tapping on anything, have been on the rise in recent years.
Victoria Song / The Verge:
Fitbit plans to remove adventures, challenges, and open groups on March 27 and replace Studio with an SDK; Google says the app's features were of “limited use”  —  Fitbit users: better one-up your friends in challenges while you still can.  Starting March 27th …
Cristiano Lima / Washington Post:
The FTC launches an Office of Technology, increasing the number of technologists on staff from 10 to ~22 ahead of legal battles with Amazon, Microsoft, and Meta  —  Happy Friday!  A quick programming note: The newsletter will be off Monday for the holiday, but back in your inboxes Tuesday.
Bloomberg:
Filing: the Saudi Arabian Public Investment Fund's Savvy Games Group now owns 8.3% of Nintendo, the largest outside stake, up from ~6% at the start of 2023  —  Saudi Arabia's Public Investment Fund became the largest outside shareholder of Nintendo Co. on Friday, in the latest move by the Gulf state to lower its reliance on oil.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 2:05 PM ET, February 17, 2023.

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From Mediagazer

Rohan Goswami / Semafor:
Sources: Netflix is interested in acquiring Lionsgate and took a look at Roku, but a Roku deal would have faced tougher antitrust scrutiny than Fox's

CBC News:
Canada's CBC, which began televising NHL games in 1952, will no longer show NHL games after it was unable to reach a new sublicense deal with Rogers Sportsnet

Brian Steinberg / Variety:
Consultancy Madison & Wall estimates a combined Fox and Roku would capture 14% of all US TV ad revenue and 16% of US streaming ad revenue

More News

Kate Clark / The Information:
Stripe's pitch deck to investors says it needs $4B by the end of 2024 to cover a tax withholding bill when it modifies employee stock grants before an IPO
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

Earlier Picks

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
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”
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
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