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July 31, 2023, 7:25 PM
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Top News

New York Times:
Twitter/X threatens to sue Center for Countering Digital Hate, alleging the nonprofit made “troubling and baseless claims” to hurt Twitter and its ad business  —  The Center for Countering Digital Hate said it had received a letter from X, Twitter's parent company …
Decrypt:
SEC charges Hex crypto project founder Richard Heart with conducting unregistered securities offerings, including Hex, PulseChain, and PulseX, that raised $1B+  —  The SEC has charged Richard Heart, the founder of the crypto project Hex, with allegedly conducting unregistered securities offerings that raised more than $1 billion.
Ivan Mehta / TechCrunch:
Twitter is now “X” in the App Store, seemingly via an exception to Apple's rule that requires app names to have two or more characters  —  After weeks of changes to its social handles, branding on its interface, a redirect on the web, and lots of chatter from its owner …
Julie Jargon / Wall Street Journal:
Apple confirms a Screen Time bug, letting kids go over the time limits imposed by parents to use apps and games, but doesn't offer a timeline for a fix  —  Settings aren't sticking; the company says it's working ‘to improve the situation’  —  Apple's Screen Time controls are failing parents.
Yogita Khatri / The Block:
Tether reports a $850M net profit in Q2, vs. $1.5B in Q1, with ~$3.3B in excess reserves, up from $2.44B in Q1, and $86.5B+ in total assets as of June 30  —  - In its latest attestation report, Tether said it had a net profit of $850 million in the second quarter.
Scott Chipolina / Financial Times:
Brian Armstrong says the SEC asked Coinbase to halt trading all crypto except bitcoin without explaining its interpretation of the law, before it sued Coinbase  —  Request would have meant ‘the end of the crypto industry in the US’, according to Brian Armstrong
Sheila Dang / Reuters:
X says Elon Musk will lead product and engineering teams, CEO Linda Yaccarino will lead teams including legal and sales, and both will oversee trust and safety  —  X owner Elon Musk and Chief Executive Linda Yaccarino will both oversee the trust and safety team at the company formerly known as Twitter …
Anissa Gardizy / The Information:
Sources: Nvidia has asked some cloud provider startups for their customers' names; it also ensures some upstart cloud providers get early shipments of new chips  —  Nvidia plays favorites with its newest, much-sought-after chips for artificial intelligence, steering them to small cloud providers …

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This is a Techmeme archive page. It shows how the site appeared at 7:25 PM ET, July 31, 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

The Hollywood Reporter:
Paramount CEO Bob Bakish steps down; Brian Robbins, Chris McCarthy, and George Cheeks will run Paramount on an interim basis as an “Office of the CEO”

Alex Sherman / CNBC:
Sources: Shari Redstone agreed to take less than $2B for her Paramount stake as part of Skydance's “best and final” offer, lower than what was initially offered

New York Times:
OAN retracts a story that said Trump's ex-lawyer Michael Cohen had an affair with Stormy Daniels, apologizes as part of a settlement with no monetary damages

More News

Nikhilesh De / CoinDesk:
A US judge denies Terraform Labs' motion to dismiss an SEC lawsuit, saying the SEC made a “plausible claim” that UST and LUNA may have violated securities law
Rohan Goswami / CNBC:
A consortium led by PE firms Francisco and TPG agrees to take observability software company New Relic private in an offer valuing the company at ~$6.5B
Jose Antonio Lanz / Decrypt:
After a digital artist opted out of the Stable Diffusion training set, the community made a model copying his style, raising questions around open-source models

Earlier Picks

Elvira Pollina / Reuters:
Italy's AGCM says it accepted Google's proposed commitments to end a case over the company's alleged abuse of its position in the user data portability market
Molly White:
Worldcoin presents a solution in search of its problem, has a shaky ethical foundation, and lacks decentralization or a robust approach to privacy
The Economic Times:
Sources: Tiger Global has completed its exit from Flipkart, in a years-long selloff that led to gains totaling $3.5B
CoinDesk:
Curve, a stablecoin exchange on Ethereum, says bugs in Vyper, a programming language used by parts of Curve, are being exploited; ~$100M of crypto is at risk
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