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September 14, 2023, 7:45 PM
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Top News

CNBC:
Arm closes up 24.69% to $63.59 in its Nasdaq debut, valuing the company at $65.24B, after Arm priced shares at the upper end of its expected $47 to $51 range  —  - Arm Holdings has started trading on the Nasdaq under the ticker “ARM.”  — The chip design company is valued at a steep premium relative …
SemiAnalysis:
How Arm, following its success in architecture, licensing, and ecosystem, is looking to maintain a sustainable model by raising prices, not chasing market share  —  Cheap If They Can Charge Qualcomm-like Royalties?  —  ∙ Paid  —  Arm's success can be attributed to its innovative architecture …
Mehul Srivastava / Financial Times:
MGM was likely hacked by Scattered Spider, an English-speaking group that previously used help desk calls to get passwords and planned to hack the slot machines  —  Person claiming to represent cybercriminals explains techniques used to evade detection by casino resort company
Wall Street Journal:
Filing: Caesars confirms the casino operator was hacked via a social engineering attack on an outsourced IT support vendor; sources: Caesars paid a ~$15M ransom  —  Caesars is second major casino operator hit by hackers in recent weeks  —  paid roughly half of a $30 million ransom …
Jason Schreier / Bloomberg:
Unity cancels a town hall and closes two offices after receiving what the company says was a credible death threat, following its controversial install fee news  —  Management announced a controversial pricing decision two days ago  —  Unity Technologies Inc. canceled a planned town hall …
Neil Long / Mobilegamer.biz:
Sources: Unity offered a 100% Runtime Fee waiver to studios using its LevelPlay mediation platform and 80% to 100% waivers to developers switching from AppLovin  —  Unity is quietly offering developers a Runtime Fee waiver if they switch to its LevelPlay mediation platform, we're told.
Kat Bailey / IGN:
Unity acknowledges “the confusion and frustration” around its planned install fees but argues that “more than 90% of our customers will not be affected”
Nicole Nguyen / Wall Street Journal:
Google plans to offer Chromebook software updates for up to 10 years, starting in 2024, so no current device expires within the next two years, to help schools  —  With the change, no existing Chromebook will have to expire within the next two years  —  Google is working to push …
Monica Chin / The Verge:
HP unveils the $5,000+ Spectre Fold, an OLED foldable PC that can be used as a 17-inch tablet, a 17-inch laptop, or a 12.3-inch laptop and weighs less than 3lbs  —  Over the past few years, companies across the PC space have been engaged in a slow, but steady race to build a foldable laptop that people might actually want to buy.
Sam Rutherford / Engadget:
Hands-on with the HP Spectre Fold: a striking design, slim bezels, a 17-inch 2560 x 1920 OLED display, an 8.5mm body, an Intel i7-1250U, 16GB of RAM, and more
Bloomberg:
How Joseph Bankman and Barbara Fried, both renowned Stanford scholars, opened doors for their son, Sam, and provided a halo effect for FTX before its implosion  —  Joseph Bankman and Barbara Fried, both renowned Stanford scholars, opened doors for their son and provided a halo effect for his company.
Steven Rosenbush / Wall Street Journal:
Microsoft and Oracle expand their cloud partnership with Oracle Database@Azure, letting customers run Oracle workloads natively in Azure data centers  —  The new level of collaboration reflects how technology and customer demand have fostered more cooperation among software companies
Sarah Perez / TechCrunch:
Automattic releases ActivityPub 1.0.0 for WordPress, letting fediverse users follow WordPress blogs on apps like Mastodon and receive replies as blog comments  —  In March, WordPress.com owner Automattic made a commitment to the fediverse — the decentralized social networks that include …
Washington Post:
Day two of Google's trial: Apple complained the DOJ may have violated confidentiality rules, after the DOJ said Google paid Apple $4B to $7B for search in 2020  —  Protection of trade secrets versus transparency has been a major debate between Google and activists in the case
Bloomberg:
SCOTUS pauses a lower court's order limiting the White House, FBI, and public health agencies from making social media requests, hours after the DOJ's request  —  - Administrative stay lets government keep communicating freely  — Alito order comes hours after Justice Department filed request
Brody Ford / Bloomberg:
Adobe reports Q3 revenue up 10% YoY to $4.89B, vs. $4.87B est., Digital Media revenue up 11% YoY to $3.59B, and Digital Experience revenue up 10% YoY to $1.23B  —  Adobe Inc. provided a sales outlook that met analysts' expectations, but disappointed investors who expected demand …
Maria Heeter / The Information:
Sources: in H1 2023, Flexport burned ~$300M and its revenue fell nearly 70% to $700M; founder Ryan Petersen, back as the CEO, says Flexport has $1B+ in net cash  —  Flexport's revenue fell nearly 70% in the first half of the year to $700 million and the company burned through cash, people familiar with the company's financials said.
BBC:
Greater Manchester Police confirms a ransomware attack on its ID supplier, potentially exposing officer identities, one month after a breach in Northern Ireland  —  Police officers' personal details have been hacked after a company was targeted in a cyber attack.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 7:45 PM ET, September 14, 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

Yun Li / CNBC:
Warren Buffett says Berkshire sold its entire Paramount stake and “lost quite a bit of money”; Berkshire owned 63.3M shares of Paramount as of the end of 2023

Tom McArthur / BBC:
RSF publishes its World Press Freedom Index and places Norway, Denmark, and Sweden in the top three, the US down 10 spots at 55, and Eritrea in last place

Matt Cooper / University of Oregon:
A group of researchers say Twitch is increasingly becoming a news source, and traditional news outlets could use it for added income and audience engagement

More News

Alex Wilhelm / TechCrunch:
Databricks raised a $500M+ Series I at a $43B valuation, after raising $1.6B at a $38B valuation in August 2021, before a possible IPO, and reports 10K+ clients

Earlier Picks

Taylor Lorenz / Rolling Stone:
Extremely Online book excerpt: how Julia Allison invented the concept of a content creator in the mid-2000s, for which journalists and others villainized her
Tyler Cowen / Bloomberg:
Child content creators, or “kidfluencers”, some of whom make $20M+/year, show that protecting kids from labor exploitation is difficult in the social media age
Mariana Lenharo / Nature:
Researchers develop RETFound, an AI tool capable of predicting the risk of ocular diseases, heart failure, Parkinson's disease, and more based on retinal images
Reuters:
The US SEC says the creator of Stoner Cats NFTs, which raised $8.2M, agreed to pay a $1M fine for an unregistered offering and plans to return investors' money
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