Techmeme
September 14, 2022, 7:00 AM

Top News

Amanda Silberling / TechCrunch:
Patreon cuts ~17% of its staff, or 80 positions, and closes offices in Dublin and Berlin; the company raised $155M in April 2021 at a $4B valuation  —  The creator subscription company Patreon is the latest company to be affected by a long line of tech layoffs.
Stephanie Bodoni / Bloomberg:
An EU court backs the European Commission's decision to fine Google over Android antitrust breaches but trims the fine from €4.3B to €4.1B; Google can appeal  —  Google lost most of the first round of its battle to topple a record 4.3 billion-euro ($4.3 billion) …
Brady Dale / Axios:
The US Treasury clarifies its Tornado Cash guidance and tells users who used the service for lawful transactions can apply for a license to withdraw their funds  —  New guidance from the U.S. Treasury Department's Office of Foreign Assets Control provides a roadmap for people who used Tornado Cash …
Hooyeon Kim / Bloomberg:
A South Korean court issues an arrest warrant for Terraform Labs founder Do Kwon and five others located in Singapore, following the collapse of LUNA and UST  —  A court in South Korea issued an arrest warrant for Do Kwon, the founder of the Terraform Labs cryptocurrency ecosystem …
Kif Leswing / CNBC:
In an email to developers, Apple says that new App Store ad placements will be available for the 2022 holiday season  —  - Apple is planning to release new ad “placements” as soon as the holiday season of this year.  — The new ad units represent a significant expansion in Apple's advertising inventory …
Zack Whittaker / TechCrunch:
Mudge details Twitter's lack of logging, ignoring hackers' ongoing efforts to access its systems, how the FTC let the company “grade its own homework”, and more  —  A ticking bomb of security vulnerabilities.  Covering up security failures.  Duping regulators and misleading lawmakers.
Ronan Farrow / New Yorker:
David McCabe / New York Times:
Washington Post:
Kris Holt / Engadget:
EA unveils EA AntiCheat, a kernel-level anti-cheat system for some PC games, launching September 23 to take on cheat developers building kernel-level exploits  —  Electronic Arts is determined to keep cheaters at bay.  The company has developed a kernel-level anti-cheat system for PC …
Lawrence Abrams / BleepingComputer:
Microsoft releases 63 security fixes, including patches for two zero-day flaws, one of which is being actively exploited, and five critical RCE vulnerabilities  —  Today is Microsoft's September 2022 Patch Tuesday, and with it comes fixes for an actively exploited Windows vulnerability and a total of 63 flaws.
CNBC:
After surprising CPI data, the Nasdaq closes down 5.16%, Nvidia down 9.47%, Meta down 9.37%, Coinbase down 8.84%, Amazon down 7.06%; BTC fell 9%+ in 24 hours  —  Stocks fell sharply on Tuesday after a key August inflation report came in hotter than expected, hurting investor optimism …
Amanda Silberling / TechCrunch:
Meta plans to test Discord-like “Community Chats” in Messenger and Facebook Groups, offering categories, audio and video channels, admin-only chats, and more  —  Meta CEO Mark Zuckerberg announced this morning that “Community Chats” are coming to Messenger and Facebook Groups.
Leah Nylen / Bloomberg:
A NY federal judge dismisses the state AGs' claim that Meta and Google colluded via Jedi Blue but rules the ad tech antitrust lawsuit against Google can proceed  —  An antitrust suit by state attorneys general accusing Alphabet Inc.'s Google of monopolizing the technology underlying online advertising …
Sabrina Ortiz / ZDNet:
Google signs a cooperative research and development agreement with the US NIST to develop new nanotechnology and semiconductor devices with open-source designs  —  Chips used to develop new nanotechnology and semiconductor devices oftentimes have a large price tag, posing a big obstacle for innovation.
Parikshit Mishra / CoinDesk:
Charles Schwab, Citadel Securities, Fidelity Digital Assets, and others announce cryptocurrency exchange EDX Markets, leveraging tech from US stock market MEMX  —  The exchange will be led by Jamil Nazarali, a former senior executive at trading giant Citadel Securities.
Adi Robertson / The Verge:
Twitter says that a preliminary count shows that shareholders have voted to approve Elon Musk's proposed $44B buyout  —  Twitter's shareholders have voted to approve a proposed $44 billion acquisition by Elon Musk.  Reports yesterday suggested that a wide margin of approval was expected for the vote …

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