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February 24, 2024, 4:25 PM
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| Elizabeth Lopatto / The Verge: |
Many redditors say they are not enthused about Reddit's IPO and expect CEO Steve Huffman to run the site into the ground while trying to make it profitable — There's the mention of r/WallStreetBets. (Five mentions in total, actually.) There's the stockpile it's amassed of Bitcoin and Ethereum.
More: Fast Company, Observer, Mercury News, Silicon Republic, City A.M., and Benzinga
Threads: @trevorcroker, @barbarosozturk, @aeromunch, and @mike_isaac. Mastodon: @dangillmor@mastodon.social
X: @levie, @eshear, @eshear, @eshear, @eshear, @sdw, @jonahlupton, @carnage4life, and @therealdavey2. Forums: r/technology
| Dave Lee / Bloomberg: |
Reddit's S-1 shows how dependent the site is on the unpaid labor of 60K active daily moderators and the whims of its users and subreddits like r/WallStreetBets — The company's IPO prospectus makes clear how dependent it is on unpaid labor and the whims of its community.| Paresh Dave / Wired: |
In Reddit's S-1, Steve Huffman offers a look at the site's beginnings without naming cofounder Alexis Ohanian, reflecting their schism during the BLM protests — Only one of Reddit's two cofounders is named in a new filing that puts the company weeks away from going public.| Dietrich Knauth / Reuters: |
FTX agrees to sell FTX Europe back to its founders for $32.7M, drops a lawsuit seeking back $323M it had spent to acquire the startup originally called DA AG — Bankrupt crypto exchange FTX has settled a lawsuit that sought to claw back $323 million that it had spent acquiring a European startup …
More: Wall Street Journal, Cointelegraph, CoinJournal, and CoinGape
X: @aosipovich, @kateclarktweets, @jdan, and @ivanlevingston
| Abner Li / 9to5Google: |
Google says poor image tuning and Gemini becoming more cautious than intended made the model “overcompensate in some cases, and be over-conservative in others” — Google announced yesterday that it disabled image generation of people in Gemini following criticism about its historical accuracy.
More: The Keyword, PCMag, Axios, Interesting Engineering, Engadget, Search Engine Journal, Android Police, Neowin, Wccftech, MSPoweruser, The Indian Express, Maginative, From the New World, VentureBeat, Android Central, The Information, SiliconANGLE, SFist, Thurrott, Gizmodo, TechCrunch, The Verge, NBC News, BetaNews, Phandroid, CCN.com, and KGTV-TV
Threads: @michaelbtech, @crumbler, @lanceulanoff, @loveallthis, @jacaranda7, @goldman, @vishwanathsarang, @crumbler, and @daveleebbg. Bluesky: @glinden.bsky.social
X: @elonmusk, @yishan, @willoremus, @ylecun, @lulumeservey, @davidu, @aravsrinivas, @fchollet, @benhylak, @yishan, @lutherlowe, @googlepubpolicy, @tomcoates, @tomcoates, @elonmusk, @daniel_271828, @daniel_271828, @natesilver538, @tomcoates, @natesilver538, @illneil, @maxwinebach, @kane, @chatgptapp, @grimezsz, @natesilver538, @stevesi, @stevesi, @carnage4life, @jlgolson, @yishan, and @modestproposal1. LinkedIn: Katharine McAden. Forums: r/Bard
| Financial Times: |
How tensions between past and present leaders of Sequoia, which had a reputation for quiet competence, have spilled into the open with the Klarna boardroom spat — Tension between past and present leaders of Silicon Valley's premier venture group have spilled into the open| New York Times: |
How some news accounts on Instagram, including Mo News and Jessica Yellin, are gaining popularity even as the platform tries de-emphasizing political content — In this year's presidential election, more people are turning to Instagram for news, even as the platform tries de-emphasizing “political content.”
X: @crbustamante, @katie_robertson, @nbj914, @pressgazette, @baekdal, @anndesbiondi, @davidsirota, @sapna, @michaelluongo, @gpa_as, and @mediaevan. LinkedIn: Lewis Wiltshire
| Lauren Feiner / The Verge: |
The US FTC claims in an administrative complaint that H&R Block steered customers to higher-cost online tax filing products and made them difficult to downgrade — The Federal Trade Commission is taking action against tax prep company H&R Block for allegedly wasting consumers' time and money.| Filipe Espósito / 9to5Mac: |
X starts rolling out audio and video calling to all users, after previously limiting the feature to Premium subscribers; users can disable calling in settings — The social platform X introduced a new feature last year that lets users make and receive audio and video calls, just like apps such as FaceTime and WhatsApp.
More: Engadget, PCMag, PhoneArena, TweakTown, The Hill, Digital Information World, iThinkDifferent, Android Headlines, and Social Media Today
Threads: @joanwestenberg. Bluesky: @nowhere.bsky.social. X: @enriquebrgn, @lindayax, @quinnypig, @bobdaduck, @thezedwards, @psythor, @katebevan, @nate_esparza, @kettlebelldan, and @alexselbyb
| The Information: |
Sources: some US lawmakers are pushing for an import ban on goods sold on Temu, saying the company hasn't done enough to stop suppliers from using forced labor — A number of U.S. lawmakers are pushing for a ban on imports of goods sold on Temu, the fast-growing shopping site known … | Chris Welch / The Verge: |
Three years after Spotify's original announcement that it would launch a higher-quality audio subscription, the company has yet to roll out the feature — I was really hoping I wouldn't have to do this again. Last year, it seemed like there was no reason to believe Spotify would ever roll …
Threads: @joe_rosenthal, @fabiobracht, and @wongmjane. Bluesky: @martye.bsky.social
X: @robblackwellab and @nicholasadeleon
Forums: r/truespotify and r/technology
| Bloomberg: |
Sources: Jeff Bezos is investing $100M, Microsoft is investing $95M, and Nvidia $50M in humanoid robot startup Figure's ~$675M funding round at a ~$2B valuation — - Figure AI also gets investments from Intel, Samsung and Amazon — Company, valued at roughly $2 billion, is raising $675 millionSponsor Posts
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