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September 12, 2025, 11:50 PM
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Gabe Rivera / Techmeme News:
On Techmeme's 20th birthday, its founder explains what's behind the site's consistency, debunks some supposed media trends, and outlines future directions  —  Please clap for Techmeme  —  Techmeme turns 20 freaking years old today.  This is our self-congratulatory post marking the occasion.
Tanaya Macheel / CNBC:
Gemini closed up 14.3% at $32 per share in its Nasdaq debut, giving it a ~$3.8B market cap, after the Winklevoss twins' crypto exchange raised $425M in its IPO  —  Shares of Gemini Space Station rallied 14% on Friday after the exchange operator raised $425 million in an initial public offering.
Annie Palmer / CNBC:
Opendoor's new chairman Keith Rabois says “I don't know what most” of its 1,400 employees do and the company doesn't need “more than 200 of them”  —  Opendoor co-founder and newly minted board chair Keith Rabois said remote work and a “bloated” workforce have been a drag …
Daniel Kuhn / The Block:
Tether launches the US-regulated USAT stablecoin and names Bo Hines, the former Executive Director of the White House Crypto Council, as CEO of its new US unit  —  - USAT is designed to be a U.S.-regulated, dollar-backed stablecoin and a complement to USDT, which has about $169 billion in circulation.
Sarah Perez / TechCrunch:
Mastodon plans to roll out quote posts next week, with safety features that give users several ways to control how their posts can be quoted, to avoid “dunking”  —  Mastodon, an open source, decentralized alternative to X, is rolling out a somewhat controversial feature by adding quote posts, which will launch next week.
Coco Feng / South China Morning Post:
Apple delays iPhone Air preorders in China, likely over eSIM regulatory issues, and replaces the launch schedule with “release information to be updated later”  —  Apple says all three state-owned telecoms network operators would provide eSIM support ‘subject to regulatory approval’
Wall Street Journal:
Some 20-somethings flocking to SF to build trillion-dollar AI startups say no to booze, sleep, and fun as they strive to be, or appear to be, the most obsessed  —  To reach the dream of creating a trillion-dollar company, the 20-somethings flocking to San Francisco give up everything but their laptops
Barbara Moens / Financial Times:
The EU ends an antitrust probe against Microsoft with no fine and accepts its concessions, including offering Office without Teams in Europe for seven years  —  US tech group faced scrutiny over how it bundled together its Teams and Office products  —  Microsoft has avoided an EU fine …
Amit Chowdhry / Pulse 2.0:
AI video generation startup Higgsfield raised a $50M Series A led by GFT Ventures  —  Higgsfield.ai, a rapidly growing company specializing in AI for video creation, has announced the successful close of its $50 million Series A funding round.  The investment was led by GFT Ventures and joined …
Rebecca Bellan / TechCrunch:
Shares of transit software company Via closed at $49.51 in their NYSE debut, above the $46 IPO price, giving Via a market cap of ~$3.9B, after raising $492.9M  —  Investors took a cautious approach to transit software startup Via's IPO on Friday, with shares opening below the company's IPO price …
Ina Fried / Axios:
OpenAI and Microsoft say they “signed a non-binding memorandum of understanding for the next phase of our partnership”, and are working to finalize the terms  —  OpenAI and Microsoft said Thursday they have reached preliminary terms on a revised partnership and are “actively working to finalize” a definitive agreement.
Ashley Capoot / CNBC:
OpenAI says its nonprofit parent company will own a $100B+ equity stake and continue to have oversight over the startup, which last week was valued at $500B

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 11:50 PM ET, September 12, 2025.

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

Kelcee Griffis / Bloomberg:
Sources: Nexstar has begun directing stations to fill local newscasts with segments from Nexstar's NewsNation instead of national networks' content like NBC's

Oli Coleman / Page Six:
Source: The Athletic is investigating reporter Dianna Russini's explanation about photos of her with NFL coach Mike Vrabel and “reviewing her coverage”

Wall Street Journal:
Mubi, which raised $100M led by Sequoia in 2025, faced backlash over Sequoia's ties to Israeli defense tech startups, but has since rebuilt subscriber numbers

More News

Earlier Picks

Pranav Baskar / New York Times:
Over 100K Nepali citizens regularly met on Discord to nominate an interim leader, after protests sparked by a social media ban led to the government's collapse
Rebecca Bellan / TechCrunch:
California SB 243, which would mandate safety protocols for AI chatbot companions, passes the State Assembly and Senate and now heads to Governor Newsom's desk
Chance Miller / 9to5Mac:
The US FDA clears hypertension notifications on Apple Watch, and Apple plans to roll out the feature to Series 11, 10, and 9, and Watch Ultra 3 and 2 next week
Reuters:
Albania appoints an AI bot named Diella as the minister for managing and awarding all public procurement tenders, to combat corruption around such contracts
Leah Nylen / Bloomberg:
The US FTC orders Google, OpenAI, Meta and Instagram, Snap, xAI, and Character.AI to turn over information about how their AI chatbots impact children and teens
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