November 24, 2022, 5:00 AM

Top News

Josh Sisco / Politico:
Sources: the FTC plans to file an antitrust lawsuit to block Microsoft's $69B Activision Blizzard deal, as FTC staff are skeptical of the companies' arguments  —  The Federal Trade Commission is likely to file an antitrust lawsuit to block Microsoft's $69 billion takeover …
Carly Wanna / Bloomberg:
Sam Bankman-Fried plans to speak at The New York Times' annual DealBook Summit on November 30; Andrew Ross Sorkin says “nothing is off limits”  —  In the weeks since crypto exchange FTX collapsed, questions have swirled about everything from the risk management practices …
Steve Lohr / New York Times:
Frederick P. Brooks Jr., a Turing Award recipient who co-led IBM's System/360 and wrote a book cited as gospel by computer scientists, died last week at 91  —  He was a lead designer of the computers that cemented IBM's dominance for decades.  He later wrote a book on software engineering that became a quirky classic.
Sergiu Gatlan / BleepingComputer:
Microsoft says hackers used vulnerabilities in the Boa web server, discontinued in 2005 but widely used across IoT devices, to target the Indian power sector  —  Microsoft said today that security vulnerabilities found to impact a web server discontinued since 2005 have been used to target …
Binance CEO Changpeng Zhao says the exchange aims for a ~$1B fund to buy distressed assets and plans to make another bid for bankrupt lender Voyager Digital  —  Binance Holdings Ltd. is aiming for a roughly $1 billion fund for the potential purchase of distressed assets in the digital-asset sector …
Lucas Shaw / Bloomberg:
Sources: Amazon plans to spend $1B+ per year to produce and release movies for theaters, starting with a few releases in 2023, and eventually 12 to 15 annually  — Inc. plans to spend more than $1 billion a year to produce movies that it will release in theaters …
Bill Cusick / Stability.Ai:
Stability AI releases Stable Diffusion 2.0, which can generate images with 512x512 and 768x768 default resolutions and upscale images to 2048x2048  —  It is our pleasure to announce the open-source release of Stable Diffusion Version 2.  —  The original Stable Diffusion V1 led by CompVis changed …
Stephen Gandel / New York Times:
FTX sister firm Alameda paid $11.5M for control of a small WA-based US-licensed bank, raising questions about why federal regulators approved the deal  —  Through a subsidiary, FTX invested $11.5 million in the parent company of Farmington State Bank, which has a single branch and, until this year, just three employees.
Nikhilesh De / CoinDesk:
Ken Sweet / Associated Press:
David Dayen / American Prospect:
A look at a letter from March by four GOP and four Democratic House members discouraging the SEC from probing crypto firms; five had donations from FTX staff  —  The Securities and Exchange Commission was seeking information from collapsed cryptocurrency exchange FTX earlier this year …
Financial Times:
Foxconn offers ~$1,400 payouts to newly recruited Chinese workers who opt to leave its iPhone factory, aiming to quell unrest after violent clashes with police  —  Apple supplier apologises for ‘technical error’ after violent clashes between workers and police
Prosus valued its 9.67% stake in Byju's at $578M at the end of Q3 2022, implying Byju's total value to be $5.9B; Byju's was valued at $22B in October 2022  —  Although Prosus' accounting entry implies that it values Byju's at $5.9 billion, experts say that different shareholders may value a private company differently in their books.
AJ Vicens / CyberScoop:
In its Q3 Adversarial Threat Report, Meta attributes a pro-US campaign to US military-run phony Facebook accounts, Pages, Groups, and Instagram accounts  —  People associated with the U.S. military were behind dozens of phony Facebook accounts, more than a dozen pages, a pair of groups …

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This is a Techmeme archive page. It shows how the site appeared at 5:00 AM ET, November 24, 2022.

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Earlier Picks

Patricia Nilsson / Financial Times:
Stuart A. Thompson / New York Times:
Taylor Lorenz / Washington Post:
Sergiu Gatlan / BleepingComputer: