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November 29, 2024, 12:40 PM
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memeorandum
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| Bloomberg: |
Experts worry about the unintended consequences of Australia's controversial but popular social media ban on under-16s; Meta, TikTok, and X expressed concerns — - Children under 16 barred from popular social media sites — Politicians under pressure to stem online bullying, grooming
More: The Guardian, Prime Minister of Australia, The Information, Associated Press, BBC, RedState, Sherwood News, Yahoo News, Deutsche Welle, The Guardian, The Indian Express, 9to5Mac, The Independent, CleanTechnica, CCN.com, BetaNews, TechSpot, Silicon UK, Business Today, TweakTown, Silicon Republic, Tech Xplore, The Economic Times, CNN, News18, New York Times, SiliconANGLE, Kyodo News+, Reuters, ABC, Crikey, The Register, WAGA-TV, Benzinga, Tech.co, iPhone in Canada Blog, The Sun, The Verge, Engadget, IGN, Silicon Republic, Al Jazeera, Boing Boing, UPI, The Indian Express, Newser, Meta Australia Policy Blog, TechCrunch, Metro.co.uk, and Patently Apple
Mastodon: @[email protected]. Bluesky: @theronbaumann.bsky.social. X: @cameronwilson. LinkedIn: Stephan A. Schwartz
| Victoria Kim / New York Times: |
Details of Australia's social media ban for kids remain unclear, such as how to enforce it and what platforms it covers; kids and parents won't face punishment — The law sets a minimum age for users of platforms like TikTok, Instagram and X. How the restriction will be enforced online remains an open question.
More: The Economic Times, CMU, Gizchina.com, Reuters, Fortune, Reuters, The Indian Express, Wccftech, Agence France-Presse, 9News, Business Today, NEOS KOSMOS, NewsBytes, The Guardian, NBC News, New York Times, ABC, Crikey, The Hill, Althouse, Business Insider, Forbes, Just The News, PhoneArena, Reuters, Axios, 9to5Mac, and Semafor
Bluesky: @lizhighleyman.bsky.social. X: @lizhighleyman, @shibleytelhami, @senatorshoshana, @matthew_sigel, @johnanzo, @techau, @matt_camenzuli, @eevblog, @techau, and @leo_puglisi6
LinkedIn: Jason Kravitz and Bill Schmarzo
| Ismail Shakil / Reuters: |
Canada's Competition Bureau sues Google over alleged anti-competitive conduct in online advertising, seeking Google to sell two of its ad tech tools and more — Canada's Competition Bureau is suing Alphabet's (GOOGL.O) Google over alleged anti-competitive conduct in online advertising, the antitrust watchdog said on Thursday.
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Bluesky: @kint.bsky.social. X: @compbureau, @chrispavlovski, @paulvieira, @mgeist, @khushitavasant, @jason_kint, @mediamorphis, and @jason_kint. Forums: Slashdot
| Akila Quinio / Financial Times: |
Sources: European regulators rebuked Wise in 2022 after finding it lacked proof of address for hundreds of thousands of customers, forcing it into remediation — Regulatory review in 2022 found fintech lacked proof of address for hundreds of thousands of customers| Ingrid Lunden / TechCrunch: |
Sources: Meta plans to build a 40K+ km-long fiber optic subsea cable extending around the world, a project that could cost more than $10B — Meta, the parent of Facebook, Instagram, and WhatsApp, is the second-biggest driver of internet usage globally. Its properties — and their billions of users …
More: The Verge, Engadget, Benzinga, Nairametrics, Silicon UK, WinBuzzer, Total Telecom, Telecoms Tech News, NewsBytes, Reuters, CNBC, and Capacity Media
Bluesky: @seanokane.bsky.social and @sanjanah.bsky.social
| Shannon Connellan / Mashable: |
Bluesky replies now default to appear by “hotness”, which weights more recent liked replies more heavily; some say this rewards clout farming like X — Not everyone is happy about it being the default. — Bluesky replies will now default to appear by “hotness” in a contentious update to the social media platform.| Allison Johnson / The Verge: |
Samsung Galaxy S24 FE review: reasonable price, telephoto camera, and a big screen, but the screen isn't that sharp and other ~$500 phones offer more value — The S24 FE feels less like a ‘Fan Edition’ and more like an exercise in retail positioning. … There's something bugging me about Samsung's “Fan Edition” phone line.
More: Android Police, IGN, Digital Trends, Tom's Guide, Notebookcheck, and PhoneArena
| Bloomberg: |
Japan allocates another $9.9B to boost its chip, quantum computing, and AI endeavors, with an undisclosed amount going to chip startup Rapidus — - Ishiba promised more than ¥10 trillion in outlays on chips, AI — Some of the funds are seen going to foundry startup Rapidus
More: Semiconductor Engineering and Tech in Asia
| Financial Times: |
Sequoia's former China unit HongShan is pushing for deals in Europe and North Asia, as it struggles to deploy $9B due to a weak domestic market and US controls — Neil Shen's HongShan has struggled to invest its $9bn cash pile in a weak domestic market and tough US controls
More: TechCrunch, Inc42 Media, This Week in Fintech, and TechCrunch
| The Information: |
Sources: ByteDance execs fear that launching its own AI models, or apps powered by the models, in the US could give lawmakers another excuse to attack TikTok — TikTok owner ByteDance, whose artificial intelligence chatbot is a major hit in China, wants to compete worldwide in generative AI.
More: IG, Livemint, Tech in Asia, and NPR
| Claire Che / Bloomberg: |
Didi reports Q3 revenue up 5% YoY to $7.44B and a net income of $128M, its second straight quarterly profit, as the company prepares for a Hong Kong IPO — - China's ride-hailing leader is recovering from a crackdown — The company is now angling to return to capital markets
More: Reuters, DiDi Global, KrASIA, and Tech in Asia
| Casey Hall / Reuters: |
Chinese food delivery giant Meituan reports Q3 revenue up 22.4% YoY to $12.9B, net profit up 3x YoY to $1.78B, and core delivery business up 20.2% YoY to $9.57B — China's largest food delivery firm Meituan (3690.HK) posted a bigger-than-expected 22.4% rise in third-quarter revenue on Friday, defying sluggish Chinese consumption.
More: South China Morning Post, Meituan, Wall Street Journal, Bloomberg, and Tech in Asia
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