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December 22, 2023, 11:30 AM
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Top News

Bloomberg:
China publishes draft rules for online gaming, including setting spending limits and banning daily login rewards; Tencent plunges 10%+ and NetEase 20%+  —  - Tencent, NetEase shares dive in Hong Kong after new rules  — Beijing has in recent years sought to combat gaming addiction
Bill Toulas / BleepingComputer:
ScamSniffer: Google and X ads are promoting sites containing a crypto drainer named “MS Drainer” that has stolen $59M from 63,210 victims since March 2023  —  Google and Twitter ads are promoting sites containing a cryptocurrency drainer named ‘MS Drainer’ that has already stolen $59 million …
New York Times:
Sources: Apple blocking Beeper Mini has caught the attention of the DOJ, which is in the middle of a four-year-old probe into Apple's anticompetitive behavior  —  Beeper Mini, which offers iPhone messaging on Android phones, has grown fast and its duel with the tech giant has gotten the attention of antitrust regulators.
Richard Lawler / The Verge:
Substack co-founder Hamish McKenzie doubles down on not moderating Nazi content, after 200+ authors criticize the company for “platforming and monetizing Nazis”  —  More than 200 Substack authors asked the platform to explain why it's “platforming and monetizing Nazis,” …
Ethan Gach / Kotaku:
Hacked files show Insomniac's challenges juggling teams, timelines, and budgets amid possible Sony cuts; Spider-Man 2 cost ~$300M, almost 3x Spider-Man's cost  —  Internal documents show how a big PlayStation studio plans its future  —  Insomniac Games quickly established itself …
Mark Gurman / Bloomberg:
Memo: Apple won't offer hardware swaps for out-of-warranty Watch models going back to Series 6 in the US during the ITC's ban but will offer help via software  —  - Company will only be able to conduct software-based repairs  — Hardware swaps for broken Apple Watches won't be offered in US
Juli Clover / MacRumors:
Apple stops selling the Apple Watch Series 9 and Apple Watch Ultra 2 in its online store in the US, days before the ITC's Watch import ban goes into effect
Richard Waters / Financial Times:
The Apple-Masimo patent battle is a dramatic demonstration of the collision of different IP regimes when tech companies move into new markets, like health care
Financial Times:
How SoftBank's $500M bet on US mortgage lender Better, once valued at $7B, backfired; BETR is down 90%+ since its August 2023 IPO after a US SEC investigation  —  Multibillion-dollar investment in start-up soured as interest rates rose and Spac craze ended  —  In April 2021 …
Max Ramsay / Bloomberg:
EU member states reject a provisional deal that would have required platforms like Uber and Deliveroo to give full employment status to around 5.5M gig workers  —  - Rules will go through further negotiations with EU lawmakers  — Deal could have cost industry billions of euros annually
More: Fast Company
Leo Schwartz / Fortune:
Paxos plans to expand its products to the Solana blockchain on January 17, 2024, after receiving approval from the NY financial regulator  —  The leading stablecoin issuer Paxos has received regulatory approval to expand its products to the Solana blockchain, which it plans to launch on January 17, 2024.
Paul Sawers / TechCrunch:
Spotify pulls support for two music festivals in France, in protest against a new tax that will impose a levy of 1.5% to 1.75% on all music-streaming services  —  Spotify is pulling support for two music festivals in protest against a controversial new tax directed at music-streaming platforms operating …
More: The Verge
Aisha S Gani / Bloomberg:
Revolut publishes delayed 2022 accounts, removing a hurdle in its UK banking license bid, reporting revenue up 45% YoY to £922.5M and a £25.4M pretax loss  —  - Auditors at BDO say issues for 2021 data have been resolved  — Fintech reports pretax loss; sees $2 billion revenue this year

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This is a Techmeme archive page. It shows how the site appeared at 11:30 AM ET, December 22, 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

New York Times:
WBD says the Ellisons have “consistently misled” shareholders, including claiming Paramount's proposal had a “full backstop” but it “does not, and never has”

Ivan Mehta / TechCrunch:
Meta is testing limiting Facebook professional accounts and Pages to posting just two links per month, unless they subscribe to $14.99+/month Meta Verified

Associated Press:
A US federal judge denied Sarah Palin's bid for a new libel trial against the NYT and rejected her motion for his recusal, after a jury found no libel in April

More News

Anastassia Gliadkovskaya / Fierce Healthcare:
Boston-based knownwell, which provides virtual and in-person primary care and obesity treatment for patients, raised a $20M Series A led by a16z

Earlier Picks

Chandra R. Srikanth / @chandrarsrikant:
Email: Meta's India policy head, Shivnath Thukral, says the government could choose to apply its proposed telecom law to Meta's OTT services at a “future date”
Ron Miller / TechCrunch:
Cisco acquires cloud-native security and networking startup Isovalent, which had raised $69M and has helped develop open-source projects eBPF and Cilium
Katharine Gemmell / Bloomberg:
A UK judge sentences Arion Kurtaj, the 18-year-old who leaked GTA VI code and hacked Nvidia, to a secure hospital until a mental health tribunal lets him leave
Michael Nuñez / VentureBeat:
Apple AI researchers publish papers on using human gaussian splats to generate animated 3D avatars from videos and deploying LLMs on devices with limited memory
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