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Techmeme
January 4, 2024, 12:10 AM
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Top News

Lorenzo Franceschi-Bicchierai / TechCrunch:
In a letter to a group of victims of its October 2023 breach, 23andMe blames them, saying that “users negligently recycled and failed to update their passwords”  —  Facing more than 30 lawsuits from victims of its massive data breach, 23andMe is now deflecting the blame …
Sarah Martin / The Guardian:
The CEO of collapsed crypto fund HyperVerse, introduced to investors in 2021, doesn't appear to exist; Chainalysis: HyperVerse's 2022 consumer losses were $1.3B  —  Exclusive: Steven Reece Lewis was introduced to investors with an impressive list of qualifications and achievements, but no organisation cited can find any record of him
The Information:
TikTok plans to raise TikTok Shop's US seller fees from 2% to 8% over the next few months; a source says TikTok has started reducing some merchant subsidies  —  TikTok powered early growth in its U.S. shopping service by offering low sellers' fees and footing the bill for deep discounts.
Ashley Capoot / CNBC:
Xerox plans to cut 15% of its workforce as part of a restructuring; the company had ~20,500 employees as of December 31, 2022, per an SEC filing; XRX drops 12%+  —  - Xerox announced plans to cut 15% of its workforce as part of a plan to implement a new organizational structure and operating model.
Noam Scheiber / New York Times:
The US NLRB accuses SpaceX of illegally firing eight employees in 2022 for circulating a letter critical of founder and CEO Elon Musk  —  The National Labor Relations Board said the rocket company had wrongly dismissed eight people for a letter raising concerns about the chief executive.
Todd Shields / Bloomberg:
SpaceX launches its first six Starlink satellites capable of offering mobile phone service as part of its Direct to Cell service in partnership with T-Mobile US  —  - Starlink satellites capable of connecting to normal phones  — Companies racing toward service via cell towers in space
Justine Calma / The Verge:
Researchers built three AI models to analyze 2,000TB of maritime satellite imagery and create the first global map of vessel traffic and offshore infrastructure  —  Using satellite imagery and AI, researchers have mapped human activity at sea with more precision than ever before.
Macauley Peterson / Blockworks:
Etherscan, the leading block explorer for Ethereum that was founded in 2015, acquires Solscan, a block explorer for Solana founded in 2021  —  Solscan and Etherscan “share a vision of providing credibly neutral and equitable access to blockchain data,” the teams say
Jay Peters / The Verge:
Twitch changes its sexual content policies again and says the platform won't allow streamers to “imply or suggest that they are fully or partially nude”  —  Twitch is changing its sexual content policies again, this time to prohibit implied nudity on the platform.
Stephen Nellis / Reuters:
Intel spins out Articul8, an AI company backed by DigitalBridge and others; executives did not share the deal's value or if Intel would retain a majority stake  —  Intel (INTC.O) on Wednesday said it was forming a new independent company around its artificial intelligence software efforts …

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From Mediagazer

Wall Street Journal:
Sources: WBD is preparing to tell its shareholders to reject Paramount's latest offer and plans to recommend they support the existing deal with Netflix

Todd Spangler / Variety:
E.W. Scripps' board unanimously rejects Sinclair's unsolicited acquisition proposal of $7 per share in cash and stock, offered in November

Christal Hayes / BBC:
The BBC says “as we have made clear previously, we will be defending” against Trump's defamation lawsuit and “we are not going to make further comment”

More News

Mark Gurman / Bloomberg:
Roku plans to launch its first 55", 65", and 75" high-end Pro Series TVs in spring 2024, offering improved picture quality and better audio for up to $1,500
Fred Wilson / AVC:
2024 predictions: AI will help make Web3 usable in mainstream applications and Web3 will help us trust AI, Web3 regulatory clarity, flat VC investing, and more
Rasmus Nielsen / Financial Times:
Despite the focus on generative AI misinformation, policy discourse ignores that politicians pose the gravest misinformation threat, ahead of big 2024 elections

Earlier Picks

Krisztian Sandor / CoinDesk:
SEC filing: MicroStrategy Executive Chairman Michael Saylor begins selling $216M worth of shares; Saylor remains “optimistic about MicroStrategy's prospects”
Iyaz Akhtar / PCMag:
Samsung plans to hold its next Galaxy Unpacked event on January 17 at 10am PT in San Jose, and streamed on YouTube, to showcase new Galaxy devices and Galaxy AI
Leo Schwartz / Fortune:
Fidelity and other spot bitcoin ETF issuers jockey for an early advantage to attract investors, ahead of reported SEC approvals to launch as soon as January 10
Oliver Knight / CoinDesk:
Orbit Chain, which facilitates cross-blockchain transactions, loses ~$81M after an attack on its cross-chain bridge protocol, reminiscent of Lazarus Group hacks
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