Techmeme
November 24, 2022, 3:15 AM

Top News

Josh Sisco / Politico:
Sources: the FTC is likely to file an antitrust lawsuit to block Microsoft's $69B Activision Blizzard deal; 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 …
Sergiu Gatlan / BleepingComputer:
Microsoft says hackers used vulnerabilities in Boa web server, discontinued in 2005 but pervasive 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 and compromise organizations in the energy 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  —  Amazon.com Inc. plans to spend more than $1 billion a year to produce movies that it will release in theaters …
Steve Lohr / New York Times:
Frederick P. Brooks Jr., a Turing Award recipient who co-led IBM's System/360 project and wrote a book cited as gospel by computer scientists, dies 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.
Bill Cusick / Stability.Ai:
Stability AI releases Stable Diffusion 2.0, which can now generate images with default resolution of 512x512 and 768x768, and can 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 …
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 …
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:
SBF claims FTX had ~$60B in collateral in spring 2022, before a credit squeeze, market selloff, and “run on the bank” reduced it to $9B and led to bankruptcy  —  The former FTX CEO did not address concerns about customer funds being misappropriated or other recent revelations about the company.
Ken Sweet / Associated Press:
Moneycontrol:
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 …
Jeff Horwitz / Wall Street Journal:

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More News

Mary Ann Azevedo / TechCrunch:
Patricia Nilsson / Financial Times:
Stuart A. Thompson / New York Times:

Earlier Picks

Taylor Lorenz / Washington Post:
Mark Sweney / The Guardian:
Cecilia D'Anastasio / Bloomberg:
Bloomberg:
Sergiu Gatlan / BleepingComputer: