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May 19, 2023, 4:00 PM
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memeorandum
WeSmirchTop News
| Lia Haberman / ICYMI: |
Meta briefed some creators on Instagram's decentralized text-based app that may launch in June 2023 with a Twitter-like design, Mastodon compatibility, and more — Meta's hosting secret meetings with select creators to share details — [a sneak peek at Instagram's new text-based app]
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The Verge, Bloomberg, TechCrunch, Gizmodo, 9to5Mac, Engadget, Reuters, Business Post, Android Central, WeRSM, BGR, BigTechWire, WinBuzzer, iPhone in Canada Blog, PetaPixel, and Pixel Envy
Mastodon:
@rodhilton@mastodon.social, @noracodes@tenforward.social, @trochee@dair-community.social, and @tchambers@indieweb.social
Tweets:
@liahaberman, @liahaberman, @gregbensinger, @lamag, @mattnavarra, @sarahfrier, @mattmday, @liahaberman, @kevincollier, @mathewi, @jcpunongbayan, @sarahfrier, @lionvestgroup, @michaelsayman, @danprimack, @smacula, @liahaberman, @marvelle, @michaelguimarin, @alex__ha12, @goofrider, @martinsfp, and @mattnavarra
| Jiyoung Sohn / Wall Street Journal: |
Sources: Samsung suspends an internal review to replace Google with Bing as the default search engine on its mobile devices, citing market perception concerns — Samsung Electronics suspends internal review that contemplated changing its smartphones' default search engine from Google to Microsoft's Bing
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ZDNet, Android Police, 9to5Google, Ars Technica, Reuters, Windows Central, The Information, Android Central, Pocket-lint, Techaeris, SlashGear, AppleInsider, iPhone in Canada Blog, Thurrott, SamMobile, Android Authority, PCMag, Neowin, Phandroid, WinBuzzer, Wccftech, Techlusive, and Barron's Online
| Wall Street Journal: |
Sources: Apple restricts internal use of ChatGPT, GitHub Copilot, and other external AI tools due to concerns over potential leaks of confidential data — The iPhone maker is concerned workers could release confidential data as it develops its own similar technology
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TechCrunch, Reuters, The Register, Ars Technica, The Verge, SiliconANGLE, Insider, 9to5Mac, Forbes, Computerworld, ZDNet, ITPro, Cryptopolitan, Tom's Hardware, BGR, Gizmodo, Inside Bitcoins, Digital Trends, PCMag, MobileSyrup, iMore, Fortune, TechRadar, New York Post, MacRumors, TechCrunch, Newser, Tech.co, Cointelegraph, Mashable, Coinspeaker, WinBuzzer, Laptop Mag, MacDailyNews, Cult of Mac, Tom's Guide, Metaverse Post, Engadget, PhoneArena, Wccftech, Neowin, The Messenger, Barron's Online, AppleInsider, The Information, and Techlusive
| Mike Masnick / Techdirt: |
A look at SCOTUS' rulings on Gonzalez v. Google and Twitter v. Taamneh and why explanations given for Section 230's existence could bode well for the Internet — Our long national wait for how the Supreme Court would rule regarding Section 230 is over, and the answer is... we need to keep waiting.| Financial Times: |
Sources: Revolut is locked in a fight with top shareholder SoftBank after UK regulators told the company it must simplify its ownership to win a banking license — Minister to meet payment group's bosses amid fears UK's biggest tech group will leave the country
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Telegraph, Benzinga, The Block, Crowdfund Insider, Blockworks, Crypto Daily, Coinspeaker, AltFi, and Finextra
LinkedIn:
Alan Vaksman and Maarten Ectors
Tweets:
@bondhack and @alexh_johnson
| Chance Miller / 9to5Mac: |
Apple shares its first App Store Transparency Report, listing app rejections, government requests, and more, as part of a settlement in a 2021 developer lawsuit — Earlier this week, Apple shared an in-depth look at how the App Store helped prevent fraud and protect developers and customers alike.
More:
Apple, AppleInsider, MacRumors, and iPhone in Canada Blog
| Jon Fingas / Engadget: |
Hyundai agrees to settle with ~9M US Hyundai and Kia owners for $200M, after hundreds of car thefts inspired by the viral “Kia Challenge” on TikTok in mid-2022 — Most of the money from the settlement will go toward compensating theft victims. — Hyundai is putting …
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Ars Technica, Reuters, Associated Press, The Verge, kiamedia.com, NPR, Mashable, MobileSyrup, Quartz, BGR, and The Hill
| Cory Weinberg / The Information: |
Source: Instacart generated ~$740M in 2022 ad revenue, up 30% YoY; nearly 30% of the company's 2022 revenue came from its ads unit, which launched in 2019 — Instacart has become an advertising powerhouse. — The grocery-delivery firm's ad revenue totaled about $740 million last year …
More:
Search Engine Land. LinkedIn:
Alexis Ohanian Sr. Tweets:
@tanayj, @amir, @coryweinberg, @patio11, and @teddypowday
| Byron Kaye / Reuters: |
The Australian Securities Exchange no longer plans to try to rebuild its software using blockchain, after “pausing” seven years of development in November 2022 — Australia's stock market operator said it will no longer attempt to rebuild its software platform with blockchain-based technology …
More:
Decrypt, Cointelegraph, Inside Bitcoins, CryptoGlobe, Bitcoinist.com, and Cryptonews. Tweets:
@paleofuture
| Financial Times: |
Sources: days after Linda Yaccarino's appointment, media agency GroupM tells its clients that Twitter is no longer “high risk”, a designation from November 2022 — WPP-owned GroupM removed designation of platform after appointment of Linda Yaccarino
More:
Axios, The Verge, The Information, and Reuters
Tweets:
@ivanthek, @jason_kint, @titterdaily, @pt, @1liners, @mikeelgan, @goldengateblond, and @carlquintanilla
| Ezra Marcus / Grub Street: |
Restaurant chefs are increasingly designing food that plays well on video for influencers on TikTok, Instagram Reels, and YouTube that market to young diners — The most important social-media food genre of the past decade is photos of avocado toast, bright and colorful and clean.
More:
Insider and Semrush
LinkedIn:
Kriti Gupta, Morgan Raum, and Taylor Lorenz
| Ingrid Lunden / TechCrunch: |
Restaurant365, which sells restaurant management software, raised $135M led by KKR and L Catterton at a $1B+ valuation, bringing its total funding to $288M — The price of food continues to go up and up, but surprisingly that hasn't (yet?) played out as pressure on the wider restaurant industry.| Wall Street Journal: |
Sources: Apollo Global and Fortress Investment are each spending ~$50M to back competing groups that aim to restart Celsius under new management — Investors that buy and turn around downtrodden companies have largely shunned crypto — Two Wall Street heavyweights are locked in a bidding war …
More:
Inside Bitcoins, Cryptonews, 24/7 Wall St., and Ethereum World News
| New York Times: |
Five TikTok creators sue to overturn Montana's law that is set to ban the app on January 1, 2024, arguing the law violates their First Amendment rights and more — A spokeswoman for the state attorney general said that his office had “expected a legal challenge” and was “fully prepared to defend the law.”
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CNN, Reuters, Wall Street Journal, Reuters, SC Media, Engadget, AppleInsider, Ars Technica, Associated Press, The Verge, Techdirt, MacDailyNews, Axios, Neowin, CNN, Wired, Washington Post, Quartz, PCMag, 9to5Mac, Reason, TIME, Newser, Tech Xplore, Digital Trends, The Guardian, Bloomberg, Politico, Forbes, and GCN
Tweets:
@b_fung and @evan_greer
| Harry McCracken / Fast Company: |
A look at Apple's Personal Voice, an accessibility feature that lets ALS patients digitize their voices on an iPhone, iPad, or Mac, set to arrive later in 2023 — Among the many challenges people living with amyotrophic lateral sclerosis (ALS) face is its impact on their speech.
More:
Tech News Outlet, 9to5Mac, and MacStories
LinkedIn:
Eric Schlakman. Tweets:
@harrymccracken, @pjgreen, @wholemarsblog, @steven_aquino, @creative_rants, and @steven_aquino. Thanks:@technologizer
| David C. Banks / Chalkbeat New York: |
New York City Public Schools lifts its ban on ChatGPT and other generative AI, and plans to support its educators and students learning and exploring the tech — After a cautious start, our approach to AI technology is evolving. — As Chancellor of the nation's largest school system …
More:
Insider, Fox News, Wired, MobileSyrup, Gizmodo, CryptoGlobe, Silicon Republic, The Hill, and Forbes
LinkedIn:
Hadi Partovi, Josh Reynolds, and Vriti Saraf
Tweets:
@dintersmith, @stevesi, @hadip, @marklevinenyc, and @nycschools
| Alex Konrad / Forbes: |
Jeff Jordan, a16z's fifth general partner who joined in 2011, steps back from active investments but will continue to work on his portfolio and board positions — Longtime Andreessen Horowitz venture capitalist Jeff Jordan is stepping back from active investments.
More:
Axios. LinkedIn:
Alex Konrad. Tweets:
@moorehn, @anthemos, @chrisfralic, @alexrkonrad, and @rahulchandra77. Thanks:@alexrkonrad
| Sam Tobin / Reuters: |
A UK court throws out a case against Google over the transfer of 1.6M patients' medical records by an NHS trust to DeepMind in 2015 and their alleged misuse — Google on Friday defeated a lawsuit brought on behalf of 1.6 million people over medical records provided to the U.S. tech giant by a British hospital trust.
More:
TechCrunch
| Katharine Gemmell / Bloomberg: |
The UK sentences Tejay Fletcher, the mastermind behind phone number spoofing service iSpoof, which scammed victims out of ~£100M, to over 13 years in prison — The mastermind behind a global “spoofing shop” that scammed victims out of as much as £100 million ($124 million) …
More:
The Guardian
Sponsor Posts
Niantic Spatial:
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Anuma:
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The Social Radars:
Ron Conway, Founder, SV Angel: Silicon Valley Bank Crisis
Come be a fly on the wall as Y Combinator's Jessica Livingston and Carolynn Levy talk to some of the most successful founders in Silicon Valley about how they did it.
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Invest Like the Best:
Paul Tudor Jones - Lessons From 50 Years in Markets
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Cheeky Pint:
What comes after smartphones, with Snap CEO Evan Spiegel
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Lenny's Podcast:
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Big Technology Podcast:
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| Huw Jones / Reuters: |
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