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July 15, 2023, 3:35 PM
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Dan Goodin / Ars Technica:
Microsoft's disclosures about Chinese hackers accessing US government email accounts try to obscure the role of Microsoft's own vulnerabilities in the breach  —  Critics also decry Microsoft's “pay-to-play” monitoring that detected intrusions.  —  On Friday, Microsoft attempted to explain …
Jordan Novet / CNBC:
The US Appeals Court for the Ninth Circuit denies the FTC's appeal for an injunctive relief to stop Microsoft's acquisition of Activision Blizzard from closing  —  In a victory for Microsoft, the U.S. Appeals Court for the Ninth Circuit late on Friday denied the Federal Trade Commission's appeal …
Tim Bradshaw / Financial Times:
The UK CMA pushes back a deadline to block Microsoft's Activision deal from July 18 to August 29, which could let Microsoft complete the merger within weeks  —  New timetable from Competition and Markets Authority means $75bn transaction could be closed within weeks
Jahnavi Nidumolu / Reuters:
Elon Musk says a ~50% ad revenue drop and a heavy debt load kept Twitter cash flow negative; he said in March 2023 the company could be cash flow positive in Q2  —  Elon Musk said Twitter's cash flow remains negative because of a nearly 50% drop in advertising revenue and a heavy debt load.
Matt Binder / Mashable:
Reddit users report their private messages from before 2023 disappeared; Reddit points to a June 22 changelog announcing the change would take effect on June 30  —  Many Redditors were caught off guard by the removal of their chat and message history.  —  The Reddit blackout protests …
Rhiannon Williams / MIT Technology Review:
Study: ChatGPT helped writers complete tasks, such as writing press releases or reports, 40% faster and produce work that assessors scored 18% higher in quality  —  People who use ChatGPT to help with writing tasks are more productive and produce higher-quality work than those who don't, a study found.
Christopher Mims / Wall Street Journal:
Twitter could become irrelevant if the trends driving Threads' success, like network effects, Elon Musk's self-inflicted wounds, and a different vibe, persist  —  Threads, from Instagram, has many distinct qualities that make it the first credible threat to Elon Musk's vision of what a social network should be
Sohee Kim / Bloomberg:
A look at Sony-owned Crunchyroll, which has 100M+ registered members, including 11M paid subscribers, as the anime streaming service looks to India for growth  —  - President says new anime markets like India will drive growth  — Global expansion helps owner Sony boost entertainment content
Brendan Pierson / Reuters:
A US appeals court temporarily blocks a lower July 6 court order sharply limiting US government officials' and agencies' contacts with social media companies  —  A U.S. appeals court on Friday temporarily blocked a lower court order that had sharply limited certain Biden administration officials …
Lora Kolodny / CNBC:
On Twitter Spaces, Elon Musk says that xAI plans to work with Tesla on silicon and AI software, and train AI on public tweets “like basically everyone else has”  —  - During a live audio session on Twitter, owner and chairman Elon Musk said his new AI startup, xAI …
Semafor:
Sources: Elon Musk claimed his new startup xAI was worth $20B while he was trying to recruit top AI talent, including by offering equity in xAI
Sky News:
Some Etsy sellers say the platform imposed a 45-day reserve on 75% of their income with no warning, as part of its Purchase Protection program to cover refunds  —  Sellers say the online marketplace is imposing a temporary reserve on their sales under its new ‘purchase protection programme’ …
Amanda Silberling / TechCrunch:
Creator monetization platform Passes, founded in 2022, plans to acquire rival Fanhouse, founded in 2020; some creators are worried and one Fanhouse founder quit  —  The creator monetization platform Fanhouse announced yesterday that it was acquired by Passes, a similar startup that only launched in beta in December.
Matt Levine / Bloomberg:
The Ripple ruling implies securities laws protect only sophisticated investors, the opposite of the US stock market's rule, and seems likely to work out poorly  —  Crypto tokens are securities unless you are anonymously dumping them on retail investors.
Tom Hals / Reuters:
A US judge says Ripple's XRP sales to sophisticated investors violated securities law but that sales on exchanges were not offers of securities

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This is a Techmeme archive page. It shows how the site appeared at 3:35 PM ET, July 15, 2023.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Todd Spangler / Variety:
FCC Chairman Brendan Carr says there was no “pressure from the outside” on the agency leading to an early review of ABC's TV broadcast licenses

Wall Street Journal:
Sources: Amazon executives, including MGM Studios head Mike Hopkins, have discussed rebooting The Apprentice for Prime Video, with Donald Trump Jr. as the host

Ethan Millman / The Hollywood Reporter:
UMG artists will receive a share of the proceeds from UMG's Spotify stock sale, regardless of debts; WMG paid out $126M to artists from its 2018 stock sale

More News

Bill Toulas / BleepingComputer:
Updraft patches its AIOS WordPress plugin, which logged plaintext passwords and is used by 1M+ sites; Updraft didn't warn its users during the exposure period
Matt Wales / Eurogamer.net:
Larry “Major Nelson” Hryb, Xbox's senior director of corporate communications, is leaving Microsoft after 22 years to “work on the next chapter of my career”

Earlier Picks

Tim Copeland / The Block:
Crypto bridging protocol Multichain ceases operations after confirming Chinese police detained its CEO, Zhaojun, and his sister, who held ~$220M of user assets
Amanda Silberling / TechCrunch:
Twitter starts paying Twitter Blue creators who earned 5M+ impressions per month for three months a revenue cut from the ads beside the replies to their tweets
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