Techmeme
September 18, 2022, 11:45 AM

Top News

Michael Kan / PCMag:
Many crypto miners are shutting off rigs and plan to sell their GPUs, as GPU-based mining for most cryptocurrencies becomes unprofitable after Ethereum's Merge  —  Crypto-miners are shutting off their rigs and mulling selling their GPUs since few, if any, cryptocurrencies are currently profitable …
Bloomberg:
A profile of Figma founder Dylan Field, who will become the wealthiest person from the Thiel Fellowship by far, as PitchBook estimates his stake is worth $2B+  —  Dylan Field dropped out of an Ivy League school in 2012 to take a grant from the billionaire Peter Thiel and start a software company called Figma.
Hunter Walk:
Adobe's $20B Figma acquisition is worth it because Figma's $400M ARR, independent of margin, was continuing to double, creating pricing pressure on Adobe  —  Hint: The Answer Doesn't Involve a Spreadsheet  —  I'm not an investor in Figma.  I don't know Figma CEO Dylan Field.  And I'm not a designer.
Andrew Cunningham / Ars Technica:
EVGA exits graphics cards, citing issues with Nvidia, after exclusively using GeForce GPUs, reportedly making up 80% of its revenue, since its founding in 1999  —  EVGA will continue selling current-gen GeForce cards until it runs out of stock.  —  Graphics card manufacturer eVGA has made a name …
Mike Masnick / Techdirt:
The 5th Circuit federal court's ruling to uphold the Texas social media content moderation law is based on a misrepresentation of how Section 230 actually works  —  from the batshit-crazy dept  —  As far as I can tell, in the area the 5th Circuit appeals court has jurisdiction …
Joe Schneider / Bloomberg:
David Streitfeld / New York Times:
An in-depth look at a 2019 cyberstalking campaign by eBay employees against two critics who are now suing the company, its former CEO, and others for harassment  —  The victims of a bizarre cyberstalking operation are trying to hold the chief executive and the culture of the company responsible.
Matthew Gault / VICE:
The DHS has awarded a ~$700K grant to researchers to develop best practices and resources for monitoring and evaluating extremist activities in game communities  —  Several groups are coming together to study the little understood phenomenon.  —  Matthew Gault
Matteo Wong / The Atlantic:
How neural network chess engines redefined the game's creativity, leading some top players to use deception, misdirection, and other psychological techniques  —  It was as if a bottom seed had knocked out the top team in March Madness: At the Sinquefield Cup chess tournament in St. Louis earlier this month …

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Earlier Picks

Jonathan Vanian / CNBC:
Sergiu Gatlan / BleepingComputer: