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Techmeme
July 16, 2023, 8:35 AM
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Top News

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.
Alex Ivanovs / Stack Diary:
Brave appears to be selling copyrighted data for AI training and giving third parties the “rights” to that data, while not disclosing its own robot crawler  —  And even though there are some concerns about the type of data that was used [...]  —  I'm fairly certain …
Igor Bonifacic / Engadget:
Bluesky adds the N-word to a “reserved” words list, after users reported that some usernames include the slur, highlighting the site's ongoing moderation issues  —  The oversight highlighted an ongoing moderation issue at the platform.  —  Before this week, Bluesky …
Amaka Nwaokocha / Cointelegraph:
The US SEC acknowledges BlackRock's and Bitwise's spot bitcoin ETF applications, indicating the commencement of the official review process for the proposals  —  The SEC's acknowledgment indicates the commencement of the official review process for BlackRock's ETF proposal.  —  2279 Total views
Lewis Gordon / The Ringer:
After DVDs and streaming, Netflix gears up for what appears to be its third and most ambitious act: video games, with 67 in its library and 86 in development  —  First came DVDs.  Then came streaming movies and TV.  Now, Netflix is betting big on video games—and new release 'Oxenfree II …
Dan Goodin / Ars Technica:
Microsoft's disclosures about Chinese government hackers accessing US government email accounts try to obscure the role of the company's zero-days in the breach  —  Critics also decry Microsoft's “pay-to-play” monitoring that detected intrusions.  —  On Friday, Microsoft attempted to explain …
Tim Bradshaw / Financial Times:
The UK CMA pushes back its July 18 deadline to block Microsoft's Activision Blizzard acquisition to August 29, which could mean the deal closes within six weeks  —  New timetable from Competition and Markets Authority means $75bn transaction could be closed within weeks
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.

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This is a Techmeme archive page. It shows how the site appeared at 8:35 AM ET, July 16, 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

Matthew Belloni / Puck:
Although sources suggest Paramount wouldn't sell CNN to appease state regulators overseeing the WBD deal, it may save the company from a protracted legal battle

Washington Post:
The US Supreme Court paused a lower court order that would have forced ex-Fox News reporter Catherine Herridge to reveal a source or pay $800 a day in sanctions

Nate Raymond / Reuters:
The US federal judiciary plans to temporarily increase PACER fees from $0.10 to $0.12 per page for five years starting January 1, 2027, to fund a system upgrade

More News

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
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
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

Earlier Picks

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
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
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”
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