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April 24, 2024, 7:25 PM
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Lauren Feiner / The Verge:
President Biden signs the ByteDance-TikTok divest-or-ban bill into law, after the Senate passed it by 79-18; the House passed the legislation 360-58 on April 20  —  The divest-or-ban bill is now law, starting the clock for ByteDance to make its move.  The company has an initial nine months …
More: The White House, CNBC, Ars Technica, Washington Post, BBC, GamesIndustry.biz, 9to5Mac, Variety, Mashable, Semafor, Wired, CNN, New York Times, The Guardian, Business Insider, Wired, PCMag, The Register, CBS News, Engadget, NBC News, Forbes, The Daily Dot, Shacknews, India Today, DJ Mag, Dexerto, Tom's Guide, CGMagazine, indy100, Bloomberg, GB News, Axios, Android Authority, Verdict, Neowin, Pocket Gamer.biz, Semafor, ComputerWeekly.com, Morning Star, Reuters, War Is Boring, PetaPixel, Android Central, Engadget, TechCrunch, Total Telecom, Rolling Stone, XDA Developers, The Information, Infosecurity, Forbes, Kiplinger.com, Comic Book, KnowTechie, The Wrap, PR Daily, Axios, One Man & His Blog, The Guardian, Android Headlines, Android Police, Far Out Magazine, ComingSoon.net, Wall Street Journal, The Independent, London Evening Standard, Silicon UK, Florida Politics, Benzinga, The Daily Beast, Mastodon, Australia & World, Social Media Today, Mothership.SG, Politico, GSMArena.com, Neowin, Bloomberg, and Newsweek
Threads: @jbillinson, @ezeekat, @jw, and @alexheath
Mastodon: @mattontech@mastodon.sdf.org and @NeoNacho@mastodon.social
X: @tiktokpolicy, @potus, @tiktokpolicy, @hankgreen, @cinemasai_, @maxwinebach, @adamkovac, @yashar, @themaxburns, @ldrogen, @alexbarinka, @rlheinrichs, @munster_gene, @kyurieff, @deedydas, @blackleftaf, @michaelsobolik, @aripap, @repdancrenshaw, @alexgrayforok, @jameeljaffer, @michaelsobolik, @viacristiano, @nathanleamerdc, @djvlad, @jeromysonne, @viacristiano, @michaelsobolik, @kellymakena, @therecount, @drjessmaddox, @deanbaker13, @alyssafarah, @aghamilton29, @steventdennis, @mtracey, @ddimolfetta, @carnage4life, @mkraju, @brendancarrfcc, and @danprimack
Forums: Hacker News, r/Tiktokhelp, r/technews, r/news, r/technology, r/geopolitics, r/PoliticalSparring, r/stupidpol, r/politics, r/popculturechat, Beehaw, Beehaw, and Slashdot
See also Mediagazer
Alex Barinka / Bloomberg:
Biden signing the TikTok divestment bill starts a 270-day countdown for a sale or a US prohibition; sources say ByteDance sees a divestiture as a last resort  —  - China's ByteDance faces deadline to sell app under new US law  — Company braces for legal fight against divest-or-ban efforts
Foo Yun Chee / Reuters:
TikTok is suspending the rewards program in TikTok Lite while it tries to resolve EU concerns about the potentially addictive nature of the program for children  —  TikTok will voluntarily suspend its new app TikTok Lite's reward programme while it tries to resolve EU concerns, the company said on X social media platform on Wednesday.
New York Times:
How a tiny group of US lawmakers and aides wrote the TikTok divestment bill, hiding their efforts to avoid TikTok's lobbying, alongside the DOJ and White House
Monica Alba / NBC News:
Biden's re-election campaign plans to continue using TikTok for at least the next year, with “enhanced security measures”, to help “meet voters where they are”
Casey Newton / Platformer:
Legal scholars discuss how the TikTok divestment bill could survive a First Amendment challenge and why the US will likely rely on a national security argument
Meta Investor Relations:
Meta reports Q1 revenue up 27% YoY to $36.46B, net income up 117% YoY to $12.37B, and family daily active people up 7% YoY to 3.24B for March 2024  —  Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended March 31, 2024.
Ashley Capoot / CNBC:
Meta's stock drops 15%+ as the company issues a light Q2 revenue forecast and higher FY 2024 capital expenditures due to increased AI infrastructure investments  —  Meta shares plunged in extended trading on Wednesday after the company issued a light forecast, overshadowing better-than-expected first-quarter results.
Alex Koller / CNBC:
Meta's Reality Labs Q1: revenue up 30% YoY to $440M, vs. $512.5M est., a $3.85B operating loss, vs. $4.31B est.; Reality Labs lost $45B+ since the end of 2020
Andy Greenberg / Wired:
Cisco details a hacking campaign that penetrated multiple governments' networks using two zero-day flaws in its VPN and firewall Adaptive Security Appliances  —  Sources suspect China is behind the targeted exploitation of two zero-day vulnerabilities in Cisco's security appliances.
Jordan Novet / CNBC:
IBM reports Q1 revenue up 1% YoY to $14.46B, vs. $14.55B est., software revenue up 5.5% YoY to $5.9B, and net income of $1.6B, up from $927M YoY; IBM drops 5%+  —  IBM CEO Arvind Krishna appears at the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024.
Bob Van Voris / Bloomberg:
US prosecutors charge two founders of the Samourai Wallet crypto mixing service, saying it facilitated more than $100M in money laundering transactions  —  - US prosecutors say Samourai Wallet was ‘haven for criminals’  — Europol has said crypto mixing services are a ‘top threat’
Joanna Nelius / The Verge:
Qualcomm details its Snapdragon X Plus and X Elite chips; benchmarks from a demo suggest the chips match Apple's M3, Intel's Core Ultra 9, and AMD's Ryzen 9  —  On Wednesday, Qualcomm announced the impending arrival of its Snapdragon X Plus laptop processor alongside more information …
Meir Orbach / CTech:
Nvidia acquires AI infrastructure orchestration and management service Run:ai, a source says for ~$700M; Run:ai, founded in 2018, had raised $118M to date  —  Run:ai enables enterprise customers to manage and optimize their compute infrastructure, whether on premises, in the cloud or in hybrid environments.
Shubham Sharma / VentureBeat:
Apple researchers share OpenELM, a family of LLMs with 270M to 3B parameters, designed to run on-device, and pre-trained and fine-tuned on public datasets  —  Just as Google, Samsung and Microsoft continue to push their efforts with generative AI on PCs and mobile devices …
Tom Warren / The Verge:
Microsoft begins rolling out Windows 11 Start menu ads that show app “recommendations” from “a small set of curated developers”; users can disable the ads  —  Microsoft is starting to enable ads inside the Start menu on Windows 11 for all users.
Brian McGleenon / The Block:
Worldcoin subsidiary World Assets plans to sell WLD tokens to meet the demand for orb-verified World IDs and support Worldcoin network growth; WLD drops 7%+  —  - Worldcoin says its subsidiary World Assets may routinely sell WLD tokens to meet increasing demand for orb-verified World IDs and support network growth.
Nikhilesh De / CoinDesk:
The US DOJ argues Binance founder Changpeng Zhao should spend three years in prison and pay $50M for helping Binance violate sanctions and money laundering laws  —  The DOJ wants Zhao to serve 36 months after his guilty plea last year.  —  Binance's founder and former chief executive …
Sergiu Gatlan / BleepingComputer:
The US OFAC sanctions four Iranian nationals over cyberattacks on the US government, defense contractors, and private companies, and the DOJ unseals indictments  —  The Treasury Department's Office of Foreign Assets Control (OFAC) has sanctioned four Iranian nationals for their involvement …

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From Mediagazer

Reshmi Basu / Bloomberg:
QVC Group, owner of TV shopping channels QVC and HSN, files for bankruptcy as part of a plan to cut more than $5B in debt; shares closed down 69% on Thursday

Katie Robertson / New York Times:
Notus will rename itself The Star and relaunch in early June as it adds local news and sports coverage; source: Robert Allbritton will add ~$30M to its funding

Ryan Glasspiegel / Front Office Sports:
Sources: the NFL and YouTube are in advanced talks for a five-game package; deal price and duration were not immediately known

More News

Ingrid Lunden / TechCrunch:
Stripe says some of its products will be available to companies that are using other payments providers, and unveils new embedded finance features and AI tools

Earlier Picks

Adam Iscoe / New Yorker:
A look at the restaurant reservation ecosystem in New York City, where new apps have sprung up to help diners book a table at buzzy restaurants for a price
Edward Zitron / Ed Zitron's Where's Your Ed At:
Emails released as part of US v. Google show how Google's finance and ad teams led by Prabhakar Raghavan made Search worse to make the company more money
Nami Matsuura / Nikkei Asia:
Samsung starts mass production of its 9th-generation 286-layer 3D NAND memory chips, which increases data I/O speeds by 33% compared to 8th-gen 236-layer chips
Wall Street Journal:
The US FTC bans noncompete clauses that restrict job switching, the first time in 50+ years that the FTC has issued a regulation mandating an economywide change
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