Techmeme
March 24, 2023, 3:00 PM

Top News

Todd Spangler / Variety:
Twitter plans to wind down its legacy verified program, first introduced in June 2009, and remove legacy verified checkmarks starting on April 1, 2023  —  The social network, which the mega-billionaire bought last year in a debt-heavy $44 billion deal, announced on Thursday that starting April 1 …
Mitchell Clark / The Verge:
Researcher finds Verification settings in Twitter's app showing it might be working on letting Blue subscribers hide the blue checkmark  —  Twitter may be working on a feature that lets you hide the blue checkmark you got by paying for its Blue subscription.
The Verge:
Natasha Lomas / TechCrunch:
The UK CMA narrows its probe of Microsoft's $69B Activision Blizzard bid, saying new evidence “provisionally alleviates” concerns about UK game console supply  —  The UK's antitrust watchdog has narrowed its probe of Microsoft's $68.7 billion bid for video game giant, Activision Blizzard, it said today.
Reed Albergotti / Semafor:
Sources: in 2018, Elon Musk said OpenAI lagged Google and cut ties after his offer to run it was rejected; Altman took no equity in OpenAI's for-profit entity  —  After three years, Elon Musk was ready to give up on the artificial intelligence research firm he helped found, OpenAI.
Laura Kayali / Politico:
France plans to use large-scale AI-based video cameras for the 2024 Paris Summer Olympics, potentially becoming the first EU country to legalize AI surveillance  —  PARIS — France's AI-powered array of surveillance cameras for the 2024 Paris Summer Olympics cleared a final legislative hurdle on Thursday.
Anna Irrera / Bloomberg:
Nasdaq expects its custody services for digital assets to launch in Q2 2023, starting with bitcoin and ether, after announcing the project in September 2022  —  Nasdaq Inc. expects its custody services for digital assets to launch by the end of the second quarter as it joins a growing pool …
Arjun Kharpal / CNBC:
Tether estimates it will make $700M profit in Q1 and will have ~$1.6B in excess reserves to back its USDT stablecoin, the first time it crosses the $1B mark  —  - Cryptocurrency firm Tether estimates it will make $700 million profit in the March quarter, taking its total excess reserves to over $1 billion …
Nathan Grayson / Washington Post:
Current and former Twitch staff describe how the service lost its way: out-of-touch leaders, losing big creators, cost cutting, many irrelevant ads, and more  —  The platform's recent moves have confused and upset creators, fans and staff alike  —  For Twitch, the live-streaming platform watched …
Reuters:
Xiaomi reports Q4 revenue down 22.8% YoY to ~$9.6B and net income down 67.3% to ~$651M; 2022 revenue fell 14.7% to ~$40.7B and net income fell 61.4% to ~$1.2B  —  Chinese smartphone maker Xiaomi Corp (1810.HK) on Friday posted a 22.8% drop in fourth-quarter revenue to 66.05 billion yuan ($9.6 billion).
More: Reuters
Bryan Schott / Salt Lake Tribune:
Utah Governor Spencer Cox signs two bills regulating social media, requiring all users verify their age and parents give permission before minors open accounts  —  Gov. Spencer Cox, who signed the bills on Thursday, said the state is prepared for a legal fight over the tech company regulations.
Bloomberg:
Shou Chew's answers to hostile questioning did little to calm the bipartisan fury aimed at TikTok, instead giving critics more fuel to insist the US ban the app  —  TikTok Chief Executive Shou Chew's appearance in Congress on Thursday did little to calm the bipartisan fury directed at the viral video-sharing service.
Washington Post:
Ava Benny-Morrison / Bloomberg:
US prosecutors in New York charge Terraform Labs co-founder Do Kwon with eight counts, including securities fraud, commodities fraud, wire fraud, and conspiracy  —  Terraform Labs co-founder Do Kwon, who presided over a more than $40 billion cryptocurrency implosion last year, was charged with fraud by US prosecutors in New York.
Bloomberg:

Sponsor Posts

Comprehensive.io:
Free compensation benchmarking data from 3,000 startups  —  Search by job title and get FREE access to market pay data.  Paid version helps HR teams automate comp reviews and communicate total compensation to employees.
Compound:
Personalized wealth management, built for tech people  —  Managing your finances and taxes is complicated.  Compound is how people at companies like Stripe, OpenAI, and Discord make smart decisions about their money.
Zoho:
Why Zoho Sign is a great alternative to Adobe Acrobat Sign  —  At Zoho, we build products from the ground up that offer unmatched value to users.  Our vision is to serve as the operating system for business …
Lantern:
Unlock a new pipeline channel: your existing customers  —  With tightening budgets, Lantern helps B2B companies drive more qualified leads and expand existing business.
Techmeme Ride Home:
Fri. 06/02 - An Amazon Prime Phone Service?
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 3:00 PM ET, March 24, 2023.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

Alexandra Bruell / Wall Street Journal:

Earlier Picks

Rohan Goswami / CNBC:
Reuters: