| Nicholas Sutrich / Android Central: |
Meta closes Ready at Dawn Studios, acquired in 2020 and that produced VR games like Lone Echo and Echo VR, to meet the new Reality Labs budgetary ceiling — Echo VR developer Ready at Dawn Studios is now closed for business. — Updated 8/17 at 5:19pm ET: The information Android Central … | Financial Times: |
Sources: Google and Meta ran a pilot program in the US in May 2024 to target Instagram ads to teenagers on YouTube, which prohibits targeting ads to under-18s — Campaign on YouTube to boost Instagram's appeal to young people skirted search group's rules for marketing to under-18s| Financial Times: |
Similarweb: active UK Telegram users hit 3.1M on July 29 and 3.7M on July 30 after a stabbing, as rioters turn to chat apps, up from 2.7M average in early 2024 — Messaging service, known for ‘hands off’ approach to content moderation, faces pressure to tackle extremist groups| Natasha Lomas / TechCrunch: |
| Financial Times: |
| Chris Dolmetsch / Bloomberg: |
A US judge orders Ripple to pay a $125M penalty for selling XRP to institutional investors, well below the ~$2B the SEC had sought in the case; XRP jumps 20%+ — - Regulator had sought almost $2 billion in fines, penalties — Ripple token XRP surges on court ruling but is flat this year| Thomas Brewster / Forbes: |
Researchers: hackers have used an 18-year-old flaw in how Safari, Chrome, and Firefox on macOS handle queries to a 0.0.0.0 IP address to breach private networks — Weaknesses in Chrome, Firefox and Safari gave hackers a route into internal networks, even those protected by firewalls, security researchers warn.| Lily Hay Newman / Wired: |
A researcher details a Windows Update vulnerability that could be exploited to downgrade key components of Windows to older versions that contain known flaws — A researcher found a vulnerability that would let hackers strategically downgrade a target's Windows version to reexpose patched vulnerabilities.| Lauren Feiner / The Verge: |
A group of VCs, including Reid Hoffman and Ron Conway, hosted a “VCs for Kamala” Zoom call to support Harris' campaign with up to 600 attendees, raising $150K — It started with a “rage tweet.” — “Gonna start ‘VCs for Democracy,’” Leslie Feinzaig, founder and general partner at Graham & Walker, wrote on X in late July.| RTÉ: |
Ireland's DPC launches High Court proceedings against X over concerns about the company's use of user data in the EU and EEA to train AI systems including Grok — The Data Protection Commission has launched High Court proceedings against Twitter International Unlimited Company over concerns … | Tim Stevens / The Verge: |
YouTube channels focusing on cars, like Car Throttle and Donut, have seen an exodus of popular on-camera talent, often after investors acquired their channels — From Car Throttle to Donut, countless YouTube creators are fleeing. But is this a new trend or a tale as old as venture capital?| Kylie Robison / The Verge: |
Sources: Humane's Ai Pin and accessories have brought in $9M+ in sales and $1M+ worth of product has been returned; ~7,000 Ai Pins are still in customers' hands — Shortly after Humane released its $699 AI Pin in April, the returns started flowing in.| Axios: |
Anduril Industries raised a $1.5B Series F co-led by Founders Fund and Sands Capital at a $14B valuation, up from ~$8.5B after raising ~$1.5B in December 2022 — - Sands Capital and existing investor Founders Fund co-led the Series F round, which is at a 65% post-money premium to where Anduril last raised money in late 2022.| Bill Peters / MarketWatch: |
Robinhood reports Q2 revenue up 40% YoY to $682M, vs. $640M est., crypto transaction revenue up 161% to $81M, and net income of $188M, up from $25M in Q2 2023 — Cryptocurrencies revenue up 161% in second quarter, while equities revenue rises 60% — Robinhood Markets Inc. reported second …
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