Techmeme
August 31, 2022, 10:05 PM

Top News

Nelson Wang / CoinDesk:
DC's AG sues Michael Saylor and MicroStrategy, alleging he evaded $25M+ in taxes by claiming to live in Florida or Virginia and the firm conspired to help him  —  The attorney general's office is also suing the business software company for allegedly helping him evade taxes on his earnings in the district.
Reuters:
Arm sues Qualcomm and its subsidiary Nuvia for using licenses without approval, asking Qualcomm to destroy designs developed under Nuvia's agreements with Arm  —  Chip technology firm Arm Ltd, which is owned by Softbank Group Corp (9984.T), said on Wednesday it has sued Qualcomm Inc (QCOM.O) …
Max A. Cherney / Protocol:
Nvidia and AMD say the US imposed export restrictions on chips used for AI applications to Russia and China, affecting chips like Nvidia's A100 and AMD's MI200  —  The U.S. has begun to impose fresh restrictions on exports of advanced chips necessary for AI-related applications to Russia and China …
Alex Heath / The Verge:
Memo: on top of cutting ~20% of its staff, Snap cancels its original shows, in-app games, and Zenly and Voisey apps; the layoffs could save $500M annually  —  Snapchat's original shows, in-app games, and camera drone are no more  —  Snap is laying off around 20 percent of its more than 6,400 employees …
Alex Heath / The Verge:
Internal memo: Meta is setting up a New Monetization Experiences division to identify and build “possible paid features” for Facebook, Instagram, and WhatsApp  —  A new team will be tasked with building paid experiences across Meta's apps  —  Meta is setting up a product organization …
Joseph Cox / VICE:
After an outcry over serving anti-trans stalking forum Kiwi Farms, Cloudflare says denying security services due to “despicable” content is the wrong policy  —  The company has faced mounting pressure to stop providing security services to Kiwi Farms, whose users regularly dox and stalk trans people.
Chris Scullion / Video Games Chronicle:
Sony and Tencent's Sixjoy acquire a combined 30.34% of Elden Ring game company FromSoftware; FromSoftware's parent Kadokawa retains the remaining 69.66%  —  FromSoftware says the investment may help it publish games globally - Elden Ring studio FromSoftware has announced that it's selling shares …
Corin Faife / The Verge:
Jesse Hamilton / CoinDesk:
a16z releases free “Can't Be Evil” licenses for NFTs, inspired by Creative Commons, on GitHub; NFT licensing has been attempted before, including by Dapper Labs  —  Andreessen Horowitz's crypto arm is releasing a free licensing system, aiming to help the NFT sector fulfil its “economic potential.”
Mat Di Salvo / Decrypt:
Crypto.com sues an Australian woman after erroneously sending her AU$10.5M in May 2021 instead of a AU$100 refund; the woman reportedly bought a AU$1.35M house  —  A woman asked for a $100 refund from the crypto platform but instead received $10.5 million—and then went on a spending spree, according to reports.
ProPublica:
An investigation details an Instagram verification scheme using fake profiles on Spotify, Apple Music, Deezer, and more; Meta removes badges from 300+ accounts  —  To his more than 150,000 followers on Instagram, Dr. Martin Jugenburg is Real Dr. 6ix, a well-coiffed Toronto plastic surgeon posting images …

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More News

Ivan Mehta / TechCrunch:
Monica Chin / The Verge:
Will Oremus / Washington Post:
Naomi Nix / Washington Post:

Earlier Picks

Bloomberg:
Simon Sharwood / The Register:
Natasha Singer / New York Times: