Techmeme
May 10, 2023, 11:25 AM

Top News

Abner Li / 9to5Google:
Google posts an unlisted video ad featuring high-res images of the Pixel Fold, expected to be announced at I/O, showing the hinge, a darker color, and more  —  Ahead of the announcement at I/O 2023 tomorrow, Google has released an ad that features NBA stars with the Pixel Fold.
Emma Roth / The Verge:
Taylor Hatmaker / TechCrunch:
The American Psychological Association issues an advisory on social media use by adolescents, saying social networks are “not inherently beneficial or harmful”  —  One of the most prominent mental health organizations in the U.S. is out with a set guidelines designed to protect children …
Randall Chase / Associated Press:
A US judge dismissed a shareholder lawsuit against Block over its 2021 Tidal acquisition, saying the company was “free to make a terrible business decision”  —  A Delaware judge has dismissed a shareholder lawsuit against financial technology company Block Inc. over its 2021 acquisition …
Financial Times:
Uber launches flight bookings on its UK app in partnership with travel booking company Hopper as part of its efforts to become a travel “super app”  —  Ride-booking giant expands offering after rolling out train, coach and Eurostar ticket tool  —  Uber has launched flight bookings …
Andrew Hutchinson / Social Media Today:
Twitter lets users reply directly to any DM with a threaded message and react to messages with a wider range of emojis  —  Twitter has released two new updates for DMs, which have been in the works for a few months, but are now getting a full launch in the app.
Yogita Khatri / The Block:
Tether reports a $1.5B net profit in Q1, $2.44B in excess reserves, and $81.8B+ in assets as of May 9, including $1.5B in bitcoin and $3.3B in precious metals  —  - Tether reported $1.5 billion of net profit for the first quarter — more than double its Q4 2022 net profit.
Bloomberg:
Sources: Jump Crypto and Jane Street are pulling back from US crypto trading over regulatory uncertainty; Jump is expanding globally while Jane scales back  —  Jane Street Group and Jump Crypto — two of the world's top market-making firms — are pulling back from trading digital assets …
Ashley Capoot / CNBC:
Cristiano Lima / Washington Post:
Molly White:
A critique of a16z's State of Crypto 2023 report, which seems to be an exercise in propaganda with the sole goal of bolstering the VC firm's bottom line  —  Venture capital firm and crypto pusher Andreessen Horowitz wants you to keep buying crypto, and is not above publishing blatant falsehoods to convince you to do so.
Emma Roth / The Verge:
UK citizen Joseph James O'Connor, aka PlugwalkJoe, pleads guilty for his role in the July 2020 Twitter hack affecting high-profile accounts and other crimes  —  PlugwalkJoe, aka Joseph James O'Connor, a UK citizen connected to the 2020 Twitter hack affecting many high-profile accounts …
Scott J Shapiro / The Guardian:
A profile of Dark Avenger, a pseudonymous PC virus writer from Bulgaria who gained notoriety in the 1990s after the country became known as the “virus factory”  —  Bulgaria in the 1980s became known as the ‘virus factory’, where hundreds of malicious computer programs were unleashed to wreak havoc.
Washington Post:
Bloomberg:
How Japan-based Rapidus is trying to become a globally competitive chipmaker by 2027, aiming to mass produce 2nm chips just two years after TSMC and Samsung  —  Tetsuro Higashi is taking on what seems like an impossible task: Create a globally competitive semiconductor manufacturer in Japan from scratch - and do it in four years.
James Vincent / The Verge:
Anthropic, an AI startup founded by former OpenAI staff and that raised $1.3B, including $300M from Google, details its “constitutional AI” for safer chatbots  —  Anthropic is a bit of an unknown quantity in the AI world.  Founded by former OpenAI employees and keen to present itself …
AJ Vicens / CyberScoop:
The US says the FBI disrupted a long-running Russian cyberespionage operation by inspecting FSB's Snake malware and decrypting and decoding its communications  —  A law enforcement effort dubbed “Medusa” targeted malware deployed by Moscow's Federal Security Service, officials said Tuesday.

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