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Techmeme
June 20, 2023, 4:20 AM
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Top News

Jane Zhang / Bloomberg:
Alibaba announces Eddie Wu to succeed Daniel Zhang as CEO and names Executive Vice Chairman Joseph Tsai as Chairman; Zhang will continue as Alibaba Cloud CEO  —  Alibaba Group Holding Ltd. is replacing eight-year veteran chief Daniel Zhang at the helm of a Chinese e-commerce leader bleeding market share …
Gabriela Galindo / Wired:
How Apple is trying to gain IP rights over depictions of apples globally, worrying the 111-year-old Fruit Union Suisse, which may need to change its logo  —  Apple, the company, wants rights to the image of apples, the fruit, in Switzerland—one of dozens of countries where it's flexing its legal muscles.
Bloomberg:
Sources: Germany and Intel agree on subsidies worth ~€10B for its chip plant in Magdeburg, up from an initial agreement on €6.8B, as part of a ~€30B project  —  Germany and Intel Corp. sealed an agreement for the US company to receive an enlarged subsidy package worth about €10 billion …
Frank Chaparro / The Block:
Filings: FTX paid $121.8M in legal, consulting, and financial services fees between February 1 and April 30, as some former clients push to reboot the exchange  —  - FTX's bankruptcy estate paid $121.8 million in legal, consulting and financial services fees and expenses between February 1 and April 30 …
Jon Pincus / The Nexus Of Privacy:
Amid ongoing Reddit protests, decentralized link aggregation and discussion forum projects Lemmy and Kbin grow to a total of 70K+ MAUs and 1,000+ instances  —  Tens of thousands of people have signed up for KBin and Lemmy accounts since I first published Don't tell people “it's easy” …
Carly Page / TechCrunch:
The BlackCat ransomware gang threatens to release 80GB of data allegedly stolen from Reddit; the company says BlackCat's claims relate to a February 5 attack  —  Hackers are threatening to release confidential data stolen from Reddit unless the company pays a ransom demand - and reverses its controversial API price hikes.

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This is a Techmeme archive page. It shows how the site appeared at 4:20 AM ET, June 20, 2023.

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From Mediagazer

Mark Sweney / The Guardian:
Ampere Analysis: UK streaming subscribers on ad-supported tiers will reach 26.5M by the end of 2025, surpassing the 23.1M ad-free subscribers for the first time

The Guardian:
The UK has spent more than £500K since 2024, including £350K by the Department for Education, on 215 influencers to promote government campaigns

Daniel Thomas / Financial Times:
As the BBC fights Trump's $10B lawsuit and ITV plans to combine its broadcasting business with Sky in 2026, a look at the slow death of the UK's TV channels

More News

Tracy Qu / South China Morning Post:
Alibaba and JD.com did not share 2023 GMV figures for 618, China's second largest shopping festival; the companies previously used GMV to trumpet their wins
Thomas Germain / Gizmodo:
Some publishers say they have seen a sharp drop in Facebook traffic since May 2023; Echobox: the share of traffic to publisher sites from Facebook fell ~50% YoY
Tim Hakki / Decrypt:
Twitter suspends Explain This Bob, a GPT-4 chatbot tied to the BOB Token, after Elon Musk called the account a “scam”; Musk replied “I love Bob” in April 2023

Earlier Picks

Rebecca Tan / Washington Post:
Sources: Meta plans tighter content rules in Vietnam, its seventh largest market, and keeps a list of officials not to be criticized, after government requests
Nikou Asgari / Financial Times:
Sources: internal teams at Singapore-based Crypto.com trade tokens for profit on the exchange and elsewhere, a little-known fact since the company's 2016 launch
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