Techmeme
February 24, 2024, 3:50 PM

Top News

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.
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 …
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.”
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 …
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.

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More News

Yasemin Craggs Mersinoglu / Financial Times:
Reuters:
Amanda Silberling / TechCrunch:
Bloomberg:

Earlier Picks

Theodore Schleifer / Puck:
Ivan Mehta / TechCrunch:
Abner Li / 9to5Google:
Sabrina Ortiz / ZDNet:
Wall Street Journal: