Techmeme
January 4, 2023, 9:10 PM

Top News

Vincent Manancourt / Politico:
The Irish DPC fines Meta €390M over GDPR breaches related to its ad and data handling practices, giving the company three months to comply; Meta plans to appeal  —  Meta faces €390 million in fines and must find a new legal route to targeted ads, while the Irish regulator is suing …
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Wall Street Journal:
Amazon says it plans to lay off 18,000+ employees, more than its initial target of 10,000 in November 2022, the “majority” from retail and recruiting divisions  —  Cuts focused on the company's corporate staff exceed earlier projection  —  Amazon AMZN -0.79%decrease …
New York Times:
Coinbase settles with New York regulators over breaking money-laundering laws for $100M, comprising a $50M fine and $50M for compliance; COIN closes up 12.2%  —  The U.S. crypto exchange will pay a $50 million fine for letting customers open accounts with few background checks and spend $50 million to improve compliance.
Thomas Germain / Gizmodo:
Erroneous facial recognition helped jail a Black man in Georgia for nearly a week after cops got a warrant in Louisiana, a state he says he has never visited  —  An algorithm sent a Black man to jail in Louisiana, a state he'd never visited, according to his lawyer.  Experts say he won't be the last.
Crystal Kim / Axios:
A US judge rules that the crypto deposits in bankrupt crypto lender Celsius Network's yield-bearing accounts belong to Celsius and not individual holders  —  Celsius Network's bankruptcy might have just set a precedent in determining what crypto assets belong to whom when stored on a centralized platform.
Bill Toulas / BleepingComputer:
Researchers find API security flaws in almost 20 car manufacturers' systems that could let hackers unlock, start, and track cars, plus access customers' data  —  Almost twenty car manufacturers and services contained API security vulnerabilities that could have allowed hackers to perform malicious activity …
Andrew Hayward / Decrypt:
NFT service Magic Eden, the largest Solana marketplace, blames a hacked image caching service for some users seeing porn and TV stills instead of intended NFTs  —  The top Solana marketplace says there's no need to panic, and it has not been hacked.  —  Some users of Magic Eden …
Nivedita Balu / Reuters:
Memo: Salesforce plans to lay off ~10% of its staff and close some offices after hiring “too many people” in the pandemic, expecting to incur $1.4B to $2.1B  —  Salesforce Inc (CRM.N) said on Wednesday it would lay off about 10% of its employees and close some offices as a part …
Chris Welch / The Verge:
Roku plans to launch its own TVs in spring 2023 across two brands, Roku Select and a higher-end Roku Plus, ranging from 24 inches for $119 to 75 inches for $999  —  Roku is making big news at CES 2023: the company long known for its streaming players and easy-to-use software plans to release its own lineup of TVs this year.
Monica Chin / The Verge:
Asus unveils its Vivobook Pro 16X and ProArt Studiobook 16 laptops with 3.2K, 120Hz glasses-free 3D OLED 16-inch displays  —  For some companies that sell gaming and creator-oriented laptops, glasses-free 3D has become a bit of a dream.  Acer first tried it back in 2021.
Michael Elsen-Rooney / Chalkbeat New York:
The New York City Department of Education, the US' largest school system, bans access to OpenAI's ChatGPT on school devices and networks, amid cheating concerns  —  New York City students and teachers can no longer access ChatGPT — the new artificial intelligence-powered chatbot …
Megha Mandavia / Wall Street Journal:
A look at three pieces of Indian government legislation set to pass in 2023 to regulate US tech giants, mixing EU antitrust rules with China-style surveillance  —  American tech firms will face hard choices in India this year  —  The standoff between India and U.S. tech giants will intensify …
Shaurya Malwa / CoinDesk:
Bonk, a Shiba Inu-themed token issued on Solana on December 25, is up 2,220% in the past week and 150% in the past 24 hours, offsetting some of SOL's decline  —  The memecoin is up over 150% in the past 24 hours and have recorded some of the highest trading volumes on Solana-based decentralized exchanges.
Matt Levine / Bloomberg:
The US case against alleged Mango Markets manipulator Avraham Eisenberg highlights traders treating crypto as a dumb game, ignoring the real-world consequences  —  Mango  —  So here's a trade.  — You open two accounts on a commodity futures exchange, Account A and Account B.

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More News

Zachariah Kelly / Gizmodo Australia:

Earlier Picks

Bloomberg:
Kate Conger / New York Times:
Filipe Espósito / 9to5Mac: