Techmeme
October 4, 2022, 1:50 AM

Top News

Mike Calia / CNBC:
Kim Kardashian agrees to not push crypto securities for three years and pay the SEC $1.26M for not reporting a $250K payment to promote EthereumMax on Instagram  —  - Kim Kardashian agreed to pay more than $1 million to settle SEC charges for failing to disclose a payment she received for touting a crypto asset on Instagram.
Aisha Malik / TechCrunch:
Twitter rolls out its edit button, letting users edit five times in 30 minutes, to Blue subscribers in Canada, Australia, and New Zealand, coming soon to the US  —  Twitter is rolling out the ability to edit tweets to Blue subscribers in Canada, Australia and New Zealand, the social network announced on Monday.
Ivan Mehta / TechCrunch:
Some YouTube users say the service is asking them to purchase a Premium subscription to watch videos in 4K, a feature that is currently free for all users  —  YouTube's Premium paid subscription includes benefits like ad-free viewing, video and song downloads for offline consumption, and background plays.
Ephrat Livni / New York Times:
The US Treasury releases a digital assets report asking Congress for more resources to police crypto, regulate stablecoins, legislate crypto tokens, and more  —  The Financial Stability Oversight Council said that the growing crypto market could pose risks to the broader financial system.
Lawrence Abrams / BleepingComputer:
The Vice Society ransomware gang publishes data allegedly stolen from the Los Angeles Unified School District, after the school system did not pay the ransom  —  The Vice Society Ransomware gang published data and documents Sunday morning that were stolen from the Los Angeles Unified School District during …
Kathryn Hardison / Wall Street Journal:
South Korean internet giant Naver plans to acquire Poshmark for $17.90/share, representing an enterprise value of ~$1.2B; Poshmark's stock rose 14%+ after hours  —  The boards of both companies approved the transaction  —  Naver Corp. 035420 -1.53%▼ plans to acquire Poshmark Inc. …
Greg Stohr / Bloomberg:
The US Supreme Court agrees to hear two Section 230-related cases involving terrorist content, Gonzalez v. Google and Twitter v. Taamneh, and rule by July 2023  —  The US Supreme Court will decide whether social media companies can be sued over targeted content recommendations …
Financial Times:
Arm sheds 40% of the staff that it had hired as part of a SoftBank pledge to the UK government, amid concerns that the company is shifting its focus abroad  —  Japanese conglomerate kept its promise to double British workforce but has since shed hundreds of jobs

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Earlier Picks

Steve Dent / Engadget:
Cristina Criddle / Financial Times:
Takashi Mochizuki / Bloomberg: