Techmeme
April 10, 2023, 2:20 PM

Top News

New York Times:
A look at the impact of 34 US bitcoin mines and their extreme demand for energy, as the cost of electricity for locals increases in Texas and other areas  —  Bitcoin mines cash in on electricity — by devouring it, selling it, even turning it off — and they cause immense pollution.
Amanda Silberling / TechCrunch:
Some Twitter users have been reporting for days that their Circle tweets, which are meant to only reach a select group, are showing up in others' For You feeds  —  PSA: do not post your deepest darkest secrets on your Twitter Circle.  —  Numerous Twitter users are reporting a bug in which Circle tweets …
IDC:
Apple's Mac shipments fell 40.5% YoY globally in Q1 2023, the largest drop among the top five PC makers, as combined PC shipments fell 29% YoY to 56.9M units  —  Weak demand, excess inventory, and a worsening macroeconomic climate were all contributing factors for the precipitous drop …
Molly White / @molly0xfff:
[Thread] A look at a report from FTX debtors on the company's control failures, like awful recordkeeping, lying about using cold wallets, and sloppy key storage  —  The new team in charge of the FTX bankruptcy have released their first interim report on the failures of control at FTX and related businesses. It's 43 pages long, let's go through it 🧵 https://www.courtlistener.com/ ...
Sarah Perez / TechCrunch:
YouTube adds Premium features: enhanced bitrate 1080p support on iOS and the web for “extra crisp and clear” videos, support for Apple's SharePlay, and queuing  —  YouTube Premium, the $11.99 per month ad-free version of YouTube, is today introducing a number of new features aimed at attracting and retaining subscribers.
Debby Wu / Bloomberg:
TSMC reports Q1 revenue up 3.6% YoY to ~$16.7B, below analysts' forecasts, and March 2023 revenue down 15% YoY to ~$4.8B as electronics demand continues to fall  —  Taiwan Semiconductor Manufacturing Co. missed sales estimates for the second consecutive quarter in a sign of continued weakness in global electronics demand.
New York Times:
In a lawsuit, former Twitter execs claim they spent $1M+ on legal expenses related to shareholder lawsuits and government probes, including one by the US DOJ  —  The focus of the inquiry was unclear, but several former executives said they had racked up more than $1 million in expenses dealing with it and other legal issues.
Igor Bonifacic / Engadget:
In a reversal, Twitter lets users like, retweet, and reply to tweets with Substack links, but searches with “Substack” still just give results for “newsletter”  —  In a reversal of a limitation the platform put in place earlier in the week, Twitter is once again allowing users …

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Earlier Picks

Christopher Mims / Wall Street Journal: