Techmeme
October 11, 2022, 7:35 AM

Top News

Washington Post:
Under Texas' social media law, Kanye West's antisemitic posts on Twitter and Instagram would likely stay up, signaling a difficult future for social media  —  Taking down the rapper's bigoted posts was an easy call for Twitter and Instagram.  That could change if Elon Musk and some GOP leaders have their way.
Richard Lawler / The Verge:
CNN closes its “Vault by CNN” NFT project, launched in 2021 to “own a piece of history”, and plans to compensate purchasers with FLOW tokens or stablecoins  —  You may have already forgotten about it, but Vault by CNN launched in the summer of 2021 as a marketplace for its own NFTs …
Naoto Hosoda / Bloomberg:
Chip-related stocks in Japan, South Korea, and Taiwan slump after US curbs on China; on October 10, the PHLX index closed at a low not seen since November 2020  —  Chip-related stocks in Japan, South Korea and Taiwan slumped as traders returning from Monday's holidays reacted …
Bloomberg:
Portugal's budget proposes taxing gains on crypto purchases held for less than a year at 28%, a major shift for one of Europe's most crypto-friendly countries  —  Portugal is planning to start taxing digital-currency gains on purchases held for less than a year in a major policy shift for one of Europe's most crypto-friendly nations.
Sarah Perez / TechCrunch:
YouTube announces “handles”, letting creators identify their channel using the @username format across channel pages, video descriptions, comments, and Shorts  —  YouTube is making it easier for creators to direct viewers to their channels.  The company today announced “handles …
Joseph Pisani / Wall Street Journal:
Billionaire tech investor Yuri Milner renounced his Russian citizenship in August, after leaving Russia in 2014; Milner has been an Israeli citizen since 1999  —  His firm, DST Global, has invested in technology companies including Facebook, Twitter and Airbnb
Andy Stone / @andymstone:
Meta says documentation in The Wire's article alleging Instagram removed posts flagged by a BJP member in India without oversight “appears to be fabricated”  —  @JeffHorwitz Where to even begin with this story?! X-check has nothing to do with the ability to report posts. The posts in question were surfaced for review by automated systems, not humans. And the underlying documentation appears to be fabricated.
Jahnavi Sen / The Wire:
Sergiu Gatlan / BleepingComputer:
Fortinet confirms a critical remote authentication bypass vulnerability in FortiOS, FortiProxy, and FortiSwitchManager is being exploited; a patch is available  —  Fortinet has confirmed today that a critical authentication bypass security vulnerability patched last week is being exploited in the wild.
Ron Miller / TechCrunch:
Canalys, IDC, and Gartner global Q3 2022 PC shipment estimates have a big discrepancy for Apple: up 1.7% YoY, up 40.2% YoY, and down 15.6% YoY, respectively  —  PC shipments plunged across the world in the third quarter with overall sales falling 18%, according to numbers compiled by Canalys.
Financial Times:
Amazon's second Prime Day event is an attempt to capture holiday spending ahead of Black Friday as growth lags; analysts estimate an extra $4.1B in Q4 sales  —  Amazon is holding its second Prime Day shopping event in a year for the first time this week in a bid to boost its flagship ecommerce product and reverse declining sales.
Cecilia D'Anastasio / Bloomberg:
A look at efforts by Twitch executives at TwitchCon to reassure streamers about monetary concerns, as Amazon stresses financial independence for the service  —  Weeks after Amazon.com Inc.'s video livestreaming site Twitch announced controversial changes to the way creators make money on the platform …
The Guardian:
In a court hearing over Crypto.com erroneously sending an Australian woman $10.5M, an executive says a worker in Bulgaria entered the wrong data on Excel  —  Money from crypto exchange was allegedly used to buy four houses worth $4m, vehicles, art and furniture, police officer tells court

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