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February 24, 2024, 12:10 PM
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| 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: Cointelegraph, Wall Street Journal, CoinJournal, and CoinGape
| 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: @katie_robertson, @baekdal, @davidsirota, @sapna, @crbustamante, @nbj914, @anndesbiondi, @pressgazette, @michaelluongo, @gpa_as, and @mediaevan. LinkedIn: Lewis Wiltshire
| 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.| 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.| 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 million| 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, Android Police, Neowin, Axios, Engadget, Search Engine Journal, MSPoweruser, XDA Developers, 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: @jacaranda7, @goldman, @vishwanathsarang, @crumbler, and @daveleebbg. Bluesky: @glinden.bsky.social
X: @lulumeservey, @davidu, @elonmusk, @yishan, @benhylak, @willoremus, @googlepubpolicy, @tomcoates, @illneil, @grimezsz, @natesilver538, @chatgptapp, @tomcoates, @natesilver538, @elonmusk, @natesilver538, @maxwinebach, @daniel_271828, @ylecun, @lutherlowe, @yishan, @daniel_271828, @tomcoates, @kane, @aravsrinivas, @fchollet, @stevesi, @stevesi, @carnage4life, @jlgolson, @yishan, and @modestproposal1. LinkedIn: Katharine McAden. Forums: r/Bard
| 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
| 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 … | Reuters: |
The US DOE says it will suspend its mandatory survey of energy use by crypto miners, following a lawsuit by bitcoin miner Riot Platforms and an industry group — The U.S. Department of Energy (DOE) on Friday agreed to temporarily suspend its emergency survey of energy use …
More: Forbes, Decrypt, CoinGape, United States District Court for the Western District of Texas, Crowdfund Insider, CryptoSlate, Semafor, Cryptonews, Blockworks, Bloomberg, The Block, crypto.news, CoinJournal, Finextra, and TheMinerMag
Mastodon: @egallager@social …. X: @eiagov, @cynthiamlummis, @eiagov, @dsbatten, and @senlummis. Forums: r/Buttcoin
| 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: PCMag, Engadget, The Hill, Android Headlines, 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
| Counterpoint Research: |
Global cumulative shipments of 5G smartphones crossed 2B in less than five years, a faster adoption rate than 3G or 4G; Apple and Samsung together shipped 1B — - Nearly 70% of all 5G shipments came from developed smartphone markets. — Apple and Samsung were the top 5G smartphone brands …
More: AppleInsider, Patently Apple, and Sammy Fans
| Nikkei Asia: |
TSMC inaugurates its first plant in Kumamoto, Japan, paving the way to make smartphone and auto-related chips for Sony and Renesas by the end of 2024 — Japanese semiconductor subsidies came faster than in the U.S. and elsewhere — Taiwan Semiconductor Manufacturing Co. opened its factory in Kumamoto, Japan, on Feb. 24.
More: Bloomberg, Reuters, Nikkei Asia, Benzinga, TechPowerUp, DigiTimes, and Bloomberg
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