Techmeme
February 24, 2021, 7:00 PM

Top News

Nick Clegg / About Facebook:
Facebook defends its stance in Australia, says it invested $600M since 2018 to support the news industry and plans at least $1B more over the next three years  —  Last week, in a move that will have felt abrupt and dramatic to many, Facebook announced it was stopping the sharing of news on its service in Australia.
ProPublica:
Emails show how Facebook responds to requests by authoritarian governments to censor content, as happened in Turkey during its military offensive against Kurds  —  Amid a 2018 Turkish military campaign, Facebook ultimately sided with Turkey's demand to block the page of a mostly Kurdish militia.
Scott Chipolina / Decrypt:
Business intelligence firm MicroStrategy buys 19,452 Bitcoin, worth $1.0261B, and now holds ~90K Bitcoin, worth ~$4.5B at current prices  —  Business intelligence firm MicroStrategy has purchased 19,452 Bitcoin, worth $1.026 billion, at an average price of $52,765.
Taylor Lyles / The Verge:
HP says it is acquiring gaming peripheral company HyperX for $425M, giving the company a major foothold in the gaming accessory market  —  The acquisition means HP owns the HyperX brand  —  HP has announced that it is acquiring gaming peripheral company HyperX for $425 million.
Todd Spangler / Variety:
YouTube to roll out a “supervised” account option in beta in the coming months in more than 80 countries, aimed at kids that are too old for YouTube Kids  —  YouTube is launching a PG version of the internet's biggest video service.  —  A new “supervised” YouTube account option …
Yimou Lee / Reuters:
Taiwanese chipmakers are buying water by the truckload for some of their foundries in drought-hit areas as the island widens restrictions on water supply  —  TAIPEI (Reuters) - Taiwan chipmakers are buying water by the truckload for some of their foundries as the island widens restrictions …
Jon Porter / The Verge:
Amazon says its Luna cloud gaming service is available to try for free in the US on select Fire TV devices, after launching as invite-only last year  —  And anyone in the US can also buy a Luna Controller  —  Amazon's cloud-gaming service, Luna, is now available to try for free in the US …
Bloomberg:
FCC reveals that for its 5G licenses auction, Verizon spent the most of any carrier with $45.5B, followed by AT&T with $23.4B, and T-Mobile with $9.3B  —  - AT&T is second at $23 billion in bids, followed by T-Mobile  — FCC releases results of so-called C-band airwaves sale
Kia Kokalitcheva / Axios:
Source: Dispo, a retro photo sharing app co-founded by YouTube star David Dobrik, raises $20M Series A led by Spark Capital at a $200M valuation  —  Dispo, a retro photo-sharing app co-founded by YouTube star David Dobrik, recently raised $20 million in Series A funding led by Spark Capital …
Jeff Cox / CNBC:
US Federal Reserve's systems that let banks send money back and forth went down for several hours, impacting its automated clearinghouse system and more  —  Fed operational error brings down payment system  —  The Federal Reserve's system that allows financial institutions to send money …
Michael McSweeney / The Block:
Optimism, which plans to help scale the Ethereum blockchain with a Layer 2 protocol, raises $25M Series A led by Andreessen Horowitz  —  Optimism, a startup focused on the scalability of the Ethereum blockchain network, has raised a $25 million Series A funding round led by Andreessen Horowitz.
New York Times:
Myanmar's draconian draft cybersecurity law follows a yearslong effort to build out Myanmar's surveillance capabilities, following cues from China  —  As the military seized power again, the generals moved quickly to take the country offline, criminalize online dissent and block social media.
Tim Anderson / The Register:
Google says it has been sponsoring two full-time Linux developers at the Linux Foundation for years to improve security and hopes other companies will follow  —  Plus: Why the Chocolate Factory only uses code it builds from source  —  Interview Worried about the security of Linux and open-source code …
Frederic Lardinois / TechCrunch:
Google Cloud unveils Autopilot, an operating mode for its Kubernetes Engine that turns over management of its clusters to Google's engineers and automated tools  —  Google Cloud today announced a new operating mode for its Kubernetes Engine (GKE) that turns over the management …
Alfred Ng / The Markup:
Auditing of algorithms can help address bias but there needs to be industry standards/regulations to hold the auditors or the companies that use them to account  —  For more than a decade, journalists and researchers have been writing about the dangers of relying on algorithms to make weighty decisions …
Makena Kelly / The Verge:
TikTok says it removed 300K+ videos in the US for election misinformation in H2 2020, and 441K videos from its For You recommendation page for misinformation  —  And another 400,000 were removed from the For You page  —  TikTok removed over 340,000 videos in the US for breaking …
Bloomberg:
Russian e-commerce giant Wildberries, which controls 14% of the market, has recently expanded into France, Germany, Italy, and Spain  —  Winston Churchill, it's often said, quipped that you should never let a good crisis go to waste.  Tatyana Bakalchuk would agree.
Jane Wakefield / BBC:
Portland ends partnership with Sidewalk Labs to track mobility; Sidewalk spin-off Replica says it was unwilling to share granular data requested by the city  —  A smart city project started by Google's sister firm Sidewalk Labs to track mobility patterns in the US city of Portland has been shelved.
More: Insider
Sean Hollister / The Verge:
California's 2018 net neutrality law, SB 822, can go into effect after a California judge declined to grant the telecom industry a preliminary injunction  —  It survived challenges from Trump's DOJ, and now one from telecom industry too  —  Net neutrality died a horrible death in 2017 …

Sponsor Posts

DataStax:
Global scale on a startup budget?  —  Go with the original planetary scale database — DataStax Astra built on Apache Cassandra™.  Start for free and pay only for what you use with serverless!
Oura:
Oura in The Age of Ownership  —  An update on funding, the business, and the future of health as a daily practice.
Zoho:
Make faster, more effective HR decisions with the all-new consolidated Reports in Zoho People  —  HR reports are vital for improving your employee experience.  By analyzing employee data, these reports provide …
Secureframe:
Secureframe helps companies get enterprise-ready by streamlining SOC 2 security compliance.  —  Secureframe allows companies to get secure within weeks, rather than months and monitors 40+ services.  Get started today!
Modern Finance Podcast:
VeeFriends - Gary Vaynerchuk's New NFT Project
Kevin Rose covers all things cryptocurrency, DeFi, NFTs, stock picks, and more.
Subscribe via Apple Podcasts, Spotify, or RSS.
Techmeme Ride Home:
(TWTR SPC) Tip Jar, Basecamp And Doge
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 7:00 PM ET, February 24, 2021.

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.

More News

Tom Warren / The Verge:

Earlier Picks

Kris Holt / Engadget:
Chris Welch / The Verge:
Selena Deckelmann / The Mozilla Blog:
Stephen Warwick / iMore:
Tim Copeland / Decrypt: