Techmeme
October 16, 2021, 3:10 PM

Top News

New York Times:
Internal docs: Instagram spent the majority of its global annual marketing budget since 2018 targeting teenagers, as it worries about losing its user “pipeline”  —  The app, hailed as Facebook's growth engine, has privately wrestled with retaining and engaging teenagers, according to internal documents.
Mitchell Clark / The Verge:
Valve quietly updates Steam's rules to ban games “built on blockchain technology that issue or allow exchange of cryptocurrencies or NFTs”  —  Your move, Epic Games Store  —  Games that use blockchain technology or let users exchange NFTs or cryptocurrencies won't be allowed on Steam …
Catalin Cimpanu / The Record:
A joint advisory by the FBI, NSA, CISA, and EPA reveals three more ransomware attacks on water treatment plants this year in Nevada, Maine, and California  —  Ransomware gangs have silently hit three US water and wastewater treatment facilities this year, in 2021, the US government …
Sergiu Gatlan / BleepingComputer:
Twitch downplays last week's hack, saying it had minimal impact and user login credentials, full credit card numbers, and bank information were not exposed  —  In an update regarding this month's security incident, Twitch downplayed the breach saying that it had minimal impact and only affected a small number of users.
Kyle Chayka / New Yorker:
A look at Raya, a secretive subscription-based social network with a rigorous user selection process and a rigid code of silence for accepted members  —  The app has created a space free of the problems that plague the rest of the Web, but only by leaving almost everybody out.
Chavi Mehta / Reuters:
Jack Dorsey says Square is considering building an open source Bitcoin miner, using custom silicon, for individuals and businesses  —  Square Inc (SQ.N) Chief Executive Officer Jack Dorsey said on Friday the fintech firm is looking to build a bitcoin mining system based on custom silicon …
Aislinn Keely / The Block:
CFTC files and settles charges against Tether and Bitfinex, ordering them to pay a total of $42.5M for making “untrue or misleading statements” about USDT  —  The Commodity Futures Trading Commission (CFTC) simultaneously filed and settled charges against Tether and Bitfinex today …
Huib Modderkolk / The Guardian:
Profile of Edwin Robbe, who hacked the Netherlands' largest telecom KPN as a teenager and cost the company €3M, before being found dead in South Korea  —  Edwin Robbe had a troubled life, but found excitement and purpose by joining an audacious community of hackers.

Sponsor Posts

Intel:
Managing a Complex Multi-Cloud Environment Requires a Reliable Ecosystem  —  To avoid vendor lock-in and effectively manage your mission critical workload needs, you need a reliable ecosystem and architecture
MicroAcquire:
New opportunities are waiting for you  —  Join 100,000+ entrepreneurs buying and selling startups on the world's #1 acquisition marketplace.  Expertly curated to match serious buyers with pre-vetted startups of all sizes.
Zoho:
5 ways to make your employees feel valued on their work anniversary  —  Taking steps to recognize and celebrate your employees is a surefire way to assure them that they are on the right track.
Storyblok:
The only headless CMS with a visual editor  —  Devs get the flexibility to build experiences for any frontend, while content creators need no coding skills to edit content independently.
Techmeme Ride Home:
(TWTR SPC) Variety Special
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 3:10 PM ET, October 16, 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

Earlier Picks

Zoe Schiffer / The Verge:
Kellen Browning / New York Times:
Kellen Browning / New York Times:
Bloomberg: