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May 19, 2023, 7:25 PM
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| 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, Gizmodo, The Information, Insider, Geekout Newsletter, TechCrunch, 9to5Mac, MobileSyrup, Social Media Today, Neowin, Engadget, Reuters, Android Central, BigTechWire, WeRSM, iPhone in Canada Blog, PetaPixel, BGR, WinBuzzer, Business Post, and Pixel Envy
Mastodon:
@noracodes@tenforward.social, @tchambers@indieweb.social, @rodhilton@mastodon.social, and @trochee@dair-community.social
Tweets:
@liahaberman, @liahaberman, @liahaberman, @filipeesposito, @billym2k, @nash076, @smacula, @liahaberman, @mathewi, @danprimack, @sarahfrier, @liahaberman, @michaelsayman, @marvelle, @jcpunongbayan, @michaelguimarin, @kevincollier, @gregbensinger, @lamag, @alex__ha12, @goofrider, @mattnavarra, @mattmday, @sarahfrier, @lionvestgroup, @martinsfp, and @mattnavarra
| Jiyoung Sohn / Wall Street Journal: |
Sources: Samsung suspends an internal review into replacing Google with Bing as its mobile devices' default search engine, citing business relations with Google — Samsung Electronics suspends internal review that contemplated changing its smartphones' default search engine from Google to Microsoft's Bing
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The Verge, Reuters, ZDNet, Android Police, 9to5Google, Droid Life, SamMobile, Ars Technica, Android Central, Phandroid, Windows Central, Thurrott, PCMag, Techaeris, SlashGear, WinBuzzer, Neowin, Wccftech, The Information, Pocket-lint, AppleInsider, Techlusive, Android Authority, iPhone in Canada Blog, and Barron's Online
| Financial Times: |
Sources: top shareholder SoftBank demanded compensation from Revolut after UK regulators told the startup to simplify its ownership to obtain 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, The Information, The Block, Benzinga, Blockworks, Crypto Daily, Crowdfund Insider, Coinspeaker, AltFi, and Finextra
LinkedIn:
Alan Vaksman and Maarten Ectors
Tweets:
@alexh_johnson and @bondhack
| 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.
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Apple, AppleInsider, The Verge, iPhone in Canada Blog, and MacRumors
| Wall Street Journal: |
Sources: Apple restricts the internal use of ChatGPT, GitHub Copilot, and other external AI tools due to concerns about 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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The Verge, Fortune, TechCrunch, Reuters, The Register, Silicon Valley Business …, Decrypt, Ars Technica, Insider, Laptop Mag, Forbes, 9to5Mac, New York Post, PC Gamer, Gizmodo, CIO Dive, Gizchina, Inside Bitcoins, Digital Trends, TechCrunch, Newser, Tech.co, Computerworld, ITPro, Coinspeaker, ZDNet, PCMag, BGR, Tom's Hardware, WinBuzzer, SiliconANGLE, MacDailyNews, iMore, MobileSyrup, Cryptopolitan, TechRadar, MacRumors, Mashable, Cult of Mac, Tom's Guide, Metaverse Post, Cointelegraph, Engadget, PhoneArena, The Messenger, Barron's Online, Wccftech, Neowin, AppleInsider, The Information, and Techlusive
LinkedIn:
Thomas Clavel and Rehan Farooq
Tweets:
@markgurman, @bhwags, @ourielohayon, @allnick, and @sundeep
| 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, The Information, Cointelegraph, Inside Bitcoins, Bitcoinist.com, Cryptonews, and CryptoGlobe. Tweets:
@paleofuture
| 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, kiamedia.com, The Verge, NPR, Associated Press, MobileSyrup, BGR, Mashable, Quartz, and The Hill
| Financial Times: |
A look at the proliferation of fake LinkedIn profiles; LinkedIn's transparency report says the company blocked 58M+ accounts in H2 2022, up from 22M in H1 — On the internet, nobody knows you bought a dog — William Grace-Hunter doesn't exist, though this may not be immediately obvious from his LinkedIn profile.| 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, Silicon Republic, The Information, and Reuters
Tweets:
@jason_kint, @ivanthek, @titterdaily, @pt, @1liners, @mikeelgan, @jason_kint, @goldengateblond, and @carlquintanilla
| Wall Street Journal: |
Sources: Apollo Global Management and Fortress Investment Group are each investing ~$50M in 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 …
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Inside Bitcoins, Cryptonews, 24/7 Wall St., Ethereum World News, and PYMNTS.com
| 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:
@amir, @coryweinberg, @tanayj, @patio11, and @teddypowday
| Mike Masnick / Techdirt: |
A look at SCOTUS' Gonzalez v. Google and Twitter v. Taamneh rulings and why Justice Thomas' explanation for Section 230's existence bodes 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.| 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:
Andreessen Horowitz, San Francisco Business Journal, The Information, and Axios
LinkedIn:
Alex Konrad. Tweets:
@chrisfralic, @moorehn, @alexrkonrad, @rahulchandra77, and @anthemos. Thanks:@alexrkonrad
| 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.| 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, Semrush, and ChinaTechNews.com
LinkedIn:
Kriti Gupta, Morgan Raum, and Taylor Lorenz
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LinkedIn:
Roman Levenstein. Tweets:
@boztank, @boztank, @calista_redmond, @ylecun, @rowancheung, @ylecun, @aphysicist, @itsclivetime, @josephjacks_, @alexbarinka, @tiernanraytech, and @sarahfrier
| Frederic Lardinois / TechCrunch: |
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| Todd Spangler / Variety: |
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Android Police, Techlusive, KnowTechie, Broadband TV News, The Verge, Search Engine Land, YouTube Official Blog, Social Media Today, and BGR. Tweets:
@paytobreed