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Techmeme
February 23, 2024, 10:20 AM
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Top News

New York Times:
An investigation finds thousands of Instagram accounts run by parents posting images of their children, attracting pedophiles who sometimes pay for more content  —  The ominous messages began arriving in Elissa's inbox early last year.  “You sell pics of your underage daughter to pedophiles,” read one.
Jonathan Vanian / CNBC:
Reddit files to list its IPO on the NYSE, reporting revenue up 20% YoY to $804M in 2023, net loss down 43% YoY to $90.8M, 73M DAUs, and a $3.42 global ARPU  —  - Reddit on Thursday filed to go public.  — Its market debut will mark the first major tech initial public offering of the year …
The Verge:
Reddit plans to give some of its top users, including moderators and those with high karma scores, the chance to buy shares in its IPO  —  However, the company is unprofitable, with a net loss of $90.8 million in 2023.  —  In an unusual twist, Reddit is also giving a number of its top users …
Abner Li / 9to5Google:
Google strikes a deal with Reddit, reportedly for $60M/year, gaining Reddit Data API access to surface more Reddit content in Search and to train its AI models
Alex Weprin / The Hollywood Reporter:
S-1: Sam Altman has an 8.7% stake in Reddit, making him the third-largest shareholder, behind Advance Magazine Publishers, with 30.1%, and Tencent, with 11%
ABC News:
AT&T believes the February 22 outage “was caused by the application and execution of an incorrect process as we were expanding our network, not a cyber attack”  —  AT&T says they have “restored wireless service to all our affected customers.”
Jessica Lyons / The Register:
Filing: UnitedHealth says a “suspected nation-state” actor had access to systems of IT provider Change Healthcare, prompting an outage at pharmacies in the US  —  Prescription orders hit after IT supplier Change Healthcare pulls plug on systems  —  UPDATED IT provider Change Healthcare …
Sean Hollister / The Verge:
Microsoft announces Generative Erase for the Photos app on Windows 10 and higher, which will allow users to remove objects and people from images using AI  —  Google and Samsung aren't the only ones baking magical AI selective photo erasers into their devices — they're about to become table stakes for Windows PCs too.
Lauren Goode / Wired:
Interviews and emails show technical interviews have become more punishing for engineers after mass layoffs, requiring days of work on unpaid assignments  —  Tech companies are famous for coddling their workers, but after mass layoffs the industry's culture has shifted.
Sarah Perez / TechCrunch:
Bluesky opens up federation, letting anyone run their own server that connects to Bluesky's network, which uses the AT Protocol; Mastodon uses ActivityPub  —  Social network Bluesky, a competitor to X, Threads, Mastodon, and others, is opening up its doors with today's news that the network …
Paresh Dave / Wired:
Yelp says its tests show design tweaks Google made to its search results to comply with EU's DMA are unfair and make users even more likely to stick with Google  —  Google says its new designs comply with the Digital Markets Act, which bars platforms from favoring their own tools.
See also Mediagazer

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From Mediagazer

Jessica Toonkel / Wall Street Journal:
Sources: Paramount Global's board is considering replacing CEO Bob Bakish with an “Office of the CEO” made up of division heads on an interim basis

Jeff Jarvis / BuzzMachine:
The New York Times is broken, shown by its entitled, petulant reaction to Politico's report on its tense relationship with Biden

Andrew Marchand / The Athletic:
Sources: Amazon Prime Video has a framework deal for NBA broadcast rights for at least a decade, starting in 2025-26; ESPN/ABC is expected to keep the finals

More News

Dietrich Knauth / Reuters:
A US judge says FTX can sell its Anthropic shares after FTX reached a compromise with its customers opposing the sale; FTX invested $500M in Anthropic in 2021
Mark Tyson / Tom's Hardware:
Samsung says the Galaxy Book4 series, with Intel Core Ultra chips and AMOLED touchscreens, will be available in the US, the UK, and other markets on February 26
Ivan Mehta / TechCrunch:
Meta's Oversight Board extends its scope to Threads, letting users appeal Meta's content moderation decisions with the same process as on Facebook and Instagram
Hannah Lang / Reuters:
Block reports Q4 revenue up 24% YoY to $5.77B, Square profit up 18% YoY, Cash App profit up 25% YoY, and forecasts Q1 adjusted EBITDA above est.; SQ jumps 12%+

Earlier Picks

Sheila Dang / Reuters:
Google plans to integrate Gemini into its Performance Max ad placement tool, helping brands generate longer headlines, after adding Gemini into Google Workspace
Abner Li / 9to5Google:
Google says its Google Pay app GPay and its P2P payment feature will stop working in the US on June 4, 2024, but will remain available in India and Singapore
Jess Weatherbed / The Verge:
Google rolls out its Gemini-powered “Help me write” tool in Chrome for macOS and Windows for English-speaking US users, offering shortform writing suggestions
Ismail Shakil / Reuters:
The US FTC says Avast needs to pay $16.5M and stop selling web browsing data for ads to settle charges that the UK company misrepresented its use of such data
Sean Michael Kerner / VentureBeat:
Stability AI debuts a preview of Stable Diffusion 3.0, its next-gen flagship text-to-image model, aiming to offer improved image quality and better performance
Tom Warren / The Verge:
Sony is testing PC support for its PlayStation VR2 headset, which currently works exclusively with the PS5, and hopes “to make this support available in 2024”
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