Techmeme
October 11, 2022, 12:10 PM

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.
Jordan Novet / CNBC:
Google partners with Coinbase to let some customers pay for cloud services in crypto, starting in 2023; Coinbase will move some data from AWS to Google Cloud  —  - Google will start allowing a subset of customers to pay for cloud services with digital currencies early next year.
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 …
Justin Baer / Wall Street Journal:
New York grants BNY Mellon, the US' oldest bank, permission to receive some customers' BTC and ETH; BNY will store keys, offer bookkeeping services, and more  —  Founded by Alexander Hamilton, BNY Mellon is the first large U.S. bank to safeguard digital assets alongside traditional investments
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.
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
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.
The Economic Times:
Sources: Apple plans to add 5G support to iPhone 12, 13, and 14 models in India by December through an iOS update and will meet executives from Airtel this week  —  Senior executives from Apple and Bharti Airtel will meet this week to discuss rollout timeline for software updates …
Nathan Ingraham / Engadget:
Google announces Chromebooks for gaming: the $650 16" Acer Chromebook 516 GE, the $599 16" Lenovo IdeaPad, and the $399 15.6" ASUS Chromebook Vibe CX55 Flip  —  ASUS, Acer and Lenovo built Chromebooks optimized to run services like GeForce Now.  — Three new laptops from ASUS, Acer and Lenovo
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 …
David Pierce / The Verge:
Google updates its Workspace enterprise suite, adding integration with Atlassian, Figma, and other services, releasing new APIs for Chat and Meet, and more  —  Google's Cloud Next developer event is today, and the Google Workspace team is using the opportunity to announce a number of new tools across Gmail …
Ingrid Lunden / TechCrunch:
Ofcom research: one-third of UK children between 8 and 17 with social media profiles use falsified adult ages, mainly by signing up with a fake date of birth  —  Companies like Instagram are getting been heavily fined (and dragged through the publicity coals) over how they have mishandled children's privacy on their platforms.
Jef Feeley / Bloomberg:
Unsealed court docs: Peiter Zatko said he burned 10 handwritten notebooks and deleted 100 files at the behest of Twitter managers to get his severance package  —  Just before Elon Musk revived his proposal to buy Twitter Inc. last week, the billionaire accused the company of ordering …
Corin Faife / The Verge:
Data analysis: users of Twitter's Birdwatch fact-checking tool have focused on posts about COVID-19, false earthquake predictions, and election misinformation  —  Analysis by The Verge shows that Birdwatch users regularly tackle misinformation topics with the highest stakes, including pandemic response
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
Noam Scheiber / New York Times:
The Department of Labor releases a nonbinding proposal to classify US gig workers as employees and not independent contractors; Uber and Lyft stocks drop 10%+  —  A proposed rule, long awaited by labor activists, would make it harder for companies to classify workers as independent contractors.

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