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February 24, 2024, 11:50 PM
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| Elizabeth Lopatto / The Verge: |
Many redditors say they are not enthusiastic 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, and City A.M.
Threads: @trevorcroker, @barbarosozturk, @aeromunch, and @mike_isaac
Mastodon: @dangillmor@mastodon.social and @stefan@stefanbohacek.online
X: @sdw, @levie, @jonahlupton, @eshear, @eshear, @carnage4life, @eshear, @therealdavey2, and @eshear. 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.
More: Digital Information World, Ars Technica, Gizmodo, Wired, Inc.com, TechCrunch, Tubefilter, Business Insider, Proactive, and Mashable
| Paresh Dave / Wired: |
In Reddit's S-1, Steve Huffman offers a look at the site's beginnings without naming co-founder 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.| Reuters: |
Japan plans to give up to $4.86B more in subsidies to help TSMC build a second chip fabrication plant in Kumamoto — Chipmaker TSMC (2330.TW) formally opens its first Japanese plant on Saturday, highlighting the Taiwanese firm's critical role in Tokyo's multi-billion dollar efforts to reboot …
More: Nikkei Asia, Benzinga, TechPowerUp, DigiTimes, and Sam Lover
| Milana Vinn / Reuters: |
Sources: Broadcom is nearing a $3.8B deal to sell its end-user computing unit to private equity firm KKR — Chipmaker Broadcom (AVGO.O) is nearing a $3.8 billion deal to sell its business that allows users to access desktops and applications from any device to private equity firm KKR (KKR.N) … | David Jeans / Forbes: |
In a letter to Elon Musk, Rep. Mike Gallagher says SpaceX may be in breach of DOD contracts after sources say Starshield is inactive around Taiwan for US troops — Rep. Mike Gallagher, who led a delegation to Taiwan this week, said in a letter to Musk that SpaceX could possibly be in breach of its …
More: Wall Street Journal. Threads: @lorakolodny and @alexrkonrad
X: @alexrkonrad and @phelimkine
Forums: Hacker News and r/EnoughMuskSpam
| 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: Cryptopolitan, Wall Street Journal, Cointelegraph, CoinJournal, and CoinGape
X: @jdan, @kateclarktweets, @ivanlevingston, and @aosipovich
| 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| Mary Ann Azevedo / TechCrunch: |
PermitFlow, which develops end-to-end workflow and automation software for construction permitting, raised a $31M Series A led by Kleiner Perkins — Kleiner Perkins led the Series A, which came just over a year after seed round — Anyone who has ever tried to build or renovate a house knows …
More: Robots.net, BNN, The SaaS News, and FinSMEs
X: @josh_coyne, @kimmaicutler, @abarrallen, and @ycombinator
LinkedIn: Samuel K. Lam and Mary Ann Azevedo
| Jordan Novet / CNBC: |
Filing: Google said Microsoft offered to sell Bing to Apple in 2018, but Eddy Cue said Microsoft had search quality issues and was investing less than Google — - In 2018, Microsoft offered to sell Apple its Bing search engine or start a Bing joint venture, Google said in a newly unsealed filing.| 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, Android Headlines, TweakTown, PhoneArena, The Hill, Digital Information World, iThinkDifferent, and Social Media Today
Threads: @joanwestenberg. Bluesky: @nowhere.bsky.social. X: @enriquebrgn, @lindayax, @quinnypig, @bobdaduck, @thezedwards, @psythor, @katebevan, @nate_esparza, @kettlebelldan, and @alexselbyb
| 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
ElevenLabs:
ElevenAgents by ElevenLabs — You know us for voice. Now meet ElevenAgents — featuring Expressive Mode, our most human-sounding AI voice technology in 70+ languages with ultra-low latency. Hear it for yourself.
ElevenAgents by ElevenLabs — You know us for voice. Now meet ElevenAgents — featuring Expressive Mode, our most human-sounding AI voice technology in 70+ languages with ultra-low latency. Hear it for yourself.
Niantic Spatial:
World models need real-world data — Scaniverse is the gateway to spatial services — self-serve and built for AI and robotics. Large-area 3D reconstruction from 360° cameras and precise localization, anywhere machines operate.
World models need real-world data — Scaniverse is the gateway to spatial services — self-serve and built for AI and robotics. Large-area 3D reconstruction from 360° cameras and precise localization, anywhere machines operate.
Zoho:
AWS WorkMail is shutting down: Migrate to a secure alternative without downtime — If your organization is currently using AWS WorkMail, this probably wasn't news you were expecting, but it is something …
AWS WorkMail is shutting down: Migrate to a secure alternative without downtime — If your organization is currently using AWS WorkMail, this probably wasn't news you were expecting, but it is something …
IDrive:
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.Featured Podcasts
Access:
OpenClaw for normies is here
A show about the tech industry's inside conversation, hosted by tech reporter Alex Heath and founder whisperer Ellis Hamburger.
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The Nick, Dick and Paul Show:
When AI Kills
Nick Bilton, Dick Costolo, and Paul Kedrosky pull back the curtain on AI, startups, and the future rushing toward us, all with healthy dose of irreverence.
Subscribe to The Nick, Dick and Paul Show.
Big Technology Podcast:
OpenAI vs. Anthropic's Direct Faceoff + Future of Agents — With Aaron Levie
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
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Great Chat:
OpenAI's new media M&A and old media exposé
A podcast mostly about tech. Brought to you weekly by Angela Du, Sally Shin, Mac Bohannon, Helen Min, and Ashley Mayer.
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Invest Like the Best:
Alan Waxman - Private Credit and the Modern Financial System
The leading destination to learn about business and investing. We do this by showcasing exceptional talent and ideas.
Subscribe to Invest Like the Best.
Tools and Weapons with Brad Smith:
Ryan Roslansky: Turning AI Anxiety into Skills for the Future of Work
Microsoft Vice Chair and President Brad Smith speaks with leaders in government, business, and culture to explore the most critical challenges at the intersection of technology and society.
Subscribe to Tools and Weapons with Brad Smith.
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