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Techmeme
September 2, 2024, 8:15 AM
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Top News

Mark Gurman / Bloomberg:
A look at Apple's strategy to keep execs, who wish to retire, around longer; sources: M4 Mac mini will have 5 USB-C ports, internal power supply, and no USB-A  —  Apple's succession strategy has come into focus with the upcoming exit of its chief financial officer.
Faiz Siddiqui / Washington Post:
Fidelity's latest valuation of X, 72% lower than when Musk took over, would mean top investor Prince Alwaleed bin Talal al Saud is down $1.4B and Ellison $720M  —  Elon Musk bought Twitter with a combination of his own money, bank loans and capital raised from friends and associates.
New York Times:
Bluesky reports a record spike in usage as many X users in Brazil move to Bluesky and Threads; Brazil is X's fifth-largest international market, with 20M+ users  —  The platform went dark across Brazil on Saturday, sending online commentators to new digital town squares.
New York Times:
How Brazil's experiment to fight fake news during the 2022 elections, giving a justice broad power to order social media content removal, led to the ban on X
Nick Burns / Americas Quarterly:
A profile of Alexandre de Moraes as even some supporters wonder if the Brazilian Supreme Court judge has become too powerful and gone too far by banning X
Reuters:
Sources: Pat Gelsinger aims to present Intel's board ideas to cut capex spending and more, like halting the $32B chip plant project in Germany or selling Altera  —  Intel CEO Pat Gelsinger and key executives are expected to present a plan later this month to the company's board of directors …
Bloomberg:
OKX says OKX SG received a Major Payment Institution license from the Monetary Authority of Singapore, and appoints former Grab exec Gracie Lin as OKX SG CEO  —  - CEO Lin to focus on products, seeks MAS nod for adding tokens  —  Crypto exchange OKX named former regulator Gracie Lin as CEO …
Wall Street Journal:
Apple and Meta fight over who should determine user's age in teen social media use bills; Apple lobbied Louisiana to kill a device level age check requirement  —  Earlier this year, freshman Louisiana legislator Kim Carver got a close look at Apple's AAPL -0.34%decrease; red down pointing triangle formidable lobbying machine.
More: AppleInsider
Jay Peters / The Verge:
A look at Sub.club, which aims to let users on ActivityPub-based platforms monetize content via subscriptions while taking a 6% cut, available in dev preview  —  The fediverse has the potential to help create enduring and interoperable social networks.  But many creators and businesses rely on bigger …
Daniel Lippman / Politico:
Sources: LobbyMatic, which offers AI tools for lobbying, is covertly run by far-right conspiracy theorists and convicted felons, including Jacob Wohl  —  Jacob Wohl and Jack Burkman are operating under the pseudonyms Jay Klein and Bill Sanders.  —  A Washington startup pitched as a service …
Bluesky: @wagatwe.com
Chien Mi Wong / Bloomberg:
Sources: ByteDance is tapping banks, including Citigroup and JPMorgan, for a $9.5B loan, the biggest dollar-denominated corporate loan in Asia excluding Japan  —  - Loan carries greenshoe option that allows size to increase  — Citigroup, Goldman Sachs, JPMorgan are the loan coordinators

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 8:15 AM ET, September 2, 2024.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Mark Sweney / The Guardian:
Ampere Analysis: UK streaming subscribers on ad-supported tiers will reach 26.5M by the end of 2025, surpassing the 23.1M ad-free subscribers for the first time

The Guardian:
The UK has spent more than £500K since 2024, including £350K by the Department for Education, on 215 influencers to promote government campaigns

Daniel Thomas / Financial Times:
As the BBC fights Trump's $10B lawsuit and ITV plans to combine its broadcasting business with Sky in 2026, a look at the slow death of the UK's TV channels

More News

Amitoj Singh / CoinDesk:
Filing: the SEC seeks changes in the FTX's bankruptcy plan and says it reserves its rights to challenge distribution transactions involving crypto assets
Zack Abrams / The Block:
Dune Analytics: Pump.fun has generated over $100M in cumulative revenue from more than 1M memecoins created on the platform since its launch in January 2024

Earlier Picks

Wall Street Journal:
Big YouTube shows including Hot Ones and Good Mythical Morning attract large audiences but aren't yet getting Primetime Emmy nominations and ensuing ad revenue
Eric Newcomer / Newcomer:
A look at the farcical situation at Bolt as it insists in a letter that Silverbear is on the hook to invest $200M; source: Bolt lost $310M on $27M 2023 revenue
Mishaal Rahman / Android Authority:
In a lawsuit, OSOM's ex-chief privacy officer alleges that the CEO of the smartphone startup misused funds to pay for his racing hobby and lavish lifestyle
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