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June 16, 2023, 3:45 PM
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Top News

Jay Peters / The Verge:
Q&A with Steve Huffman: Reddit's API “was never designed to support third-party apps”, he didn't know how much they “were profiting off of our API”, and more  —  Reddit is fighting for its soul. … Huffman has argued the changes are a business decision …
Anne VanderMey / Bloomberg:
Reddit says that 80% of the site's top subreddits are currently open; Reddark estimates that 4K+ subreddits are limiting access, down from almost 9K on June 12  —  Reddit Inc. said that most of the company's communities were operating as normal — four days after a protest that shut …
The Verge:
Reddit messages some moderators of the communities participating in the API pricing change protest, looking for defectors “willing to work towards reopening”  —  Some moderators of Reddit communities participating in the protest against API changes today got messages from the company: work to reopen your subreddits or else.
Sean Lyngaas / CNN:
Oregon and Louisiana warn that the MOVEit hackers may have stolen the SSNs and driver's license numbers of 3.5M Oregonians and 3M+ Louisianians from state DMVs  —  Millions of people in Louisiana and Oregon have had their data compromised in the sprawling cyberattack that has also hit …
Bloomberg:
NY AG's documents: Tether once counted Chinese companies' securities among its reserves; in July 2022, Tether claimed not to be holding Chinese commercial paper  —  Tether Holdings Ltd. once counted securities issued by Chinese companies among the reserves backing its USDT stablecoin …
CoinDesk:
France probes Binance over alleged illegal digital asset services and poor money laundering checks; Binance exits the Netherlands after failing to get a license  —  Binance is suspected of illegally providing digital asset services to local customers, and implementing poor money laundering checks …
Manya Saini / Reuters:
BlackRock files a US SEC application to register a spot bitcoin ETF, using Coinbase Custody as its custodian; the SEC has rejected all bitcoin spot ETFs to date  —  BlackRock (BLK.N), the world's biggest asset manager, on Thursday filed for a bitcoin exchange-traded fund (ETF) …
Andrew Tarantola / Engadget:
Meta unveils Voicebox, a generative text-to-speech model the company hopes could be the ChatGPT of the spoken word, but won't release an app citing misuse risks  —  But the company won't be sharing the app or its source code for the time being.  —  Today, we are one step closer …
Mia Sato / The Verge:
How the “arms race” of SEO experts has left Google Search and the web drowning in garbage text, resulting in customers and businesses failing to find each other  —  The SEO arms race has left Google and the web drowning in garbage text, with customers and businesses flailing to find each other.
Venkatesh Gorantla / MySmartPrice:
Alleged official renders of the Samsung Galaxy Z Flip5 show the clamshell-style foldable could have a 3.4" outer display, up from its predecessors' 1.9" screen  —  The newly revealed Samsung Galaxy Z Flip 5 design render shows that the clamshell-style foldable phone is certainly getting a significant upgrade.
Leo Schwartz / Fortune:
Digital assets platform Bakkt delists Solana, Polygon, and Cardano, taking proactive action until there is US regulatory clarity on offering coins “compliantly”  —  Just over two months after completing a $155 million acquisition for the trading infrastructure provider Apex Crypto …
Lora Kolodny / CNBC:
Twitter suspends the accounts of public records database PlainSite and its founder Aaron Greenspan, who has tracked litigation by or against Tesla and Twitter  —  - Elon Musk-led Twitter on Tuesday suspended the Twitter accounts of PlainSite and its founder Aaron Greenspan, a prominent critic of Tesla and Musk.
More: Insider, Reuters, and Politico
Bluesky: @romitmehta.com.  Mastodon: @Big_Worker@ioc.exchange.  Tweets: @jeremiahlee, @drewwash, and @arawnsley
Benedict Evans:
Apple Vision Pro shows that current AR/VR devices, like Meta's Quests, aren't good enough to break out of the gaming market and need a step change in capability  —  The narrative for VR and AR has been pretty static for years.  We have a dream of AR devices that look like a pair of glasses …
Nikhilesh De / CoinDesk:
In a cease and desist, Texas' securities regulator says crypto lender Abra has been insolvent since at least March 31, 2023, and accuses the company of fraud  —  State regulators say Abra held tens of millions of dollars' worth of assets on now bankrupt platforms.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 3:45 PM ET, June 16, 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.

From Mediagazer

CNN:
Haberman-Swan book: Trump wanted to make Fox News “beg” for a presidential interview, he almost settled for $3M with ABC instead of $16M, and more

Andrew Cohen / InvestmentNews:
Robinhood plans to shutter the Sherwood News site in favor of newsletters and the Robinhood app; at least three reporters were cut in company layoffs this week

Erik Hayden / The Hollywood Reporter:
A report by LA officials estimates that the Paramount-WBD deal places about 2.5K jobs in LA and 6K jobs globally at risk due to duplicative roles

More News

Dana Priest / Washington Post:
Hanan Elatr, Jamal Khashoggi's widow, sues the NSO Group in Virginia, claiming Saudi Arabia used the Israeli company's Pegasus phone spyware to track them both
Financial Times:
Sources: media companies like News Corp and The Guardian have discussed LLM copyright issues and a subscription fee with OpenAI, Google, Microsoft, or Adobe
Bloomberg:
In a meeting with Bill Gates, Xi Jinping says China is willing to engage in tech cooperation with the US; Xi could meet Antony Blinken on June 18 or June 19
Katharine Gemmell / Bloomberg:
The UK CMA clears Amazon's $1.7B iRobot deal announced in August 2022, saying acquiring the robot vacuum maker would have “no impact on competition in the UK”

Earlier Picks

Reuters:
Micron plans to invest $603M in its chip packaging facility in Xian, China; in May 2023, China blocked key infrastructure operators from buying Micron products
Stephen Shankland / CNET:
Intel announces Tunnel Falls, its first quantum chip, featuring 12 qubits that use electrons to store data, available to select academic and research partners
Teo Armus / Washington Post:
Amazon formally opens Metropolitan Park in Arlington, Virginia, marking the first phase of HQ2, where the company plans to bring 25K highly paid workers by 2030
Sylvia Varnham O'Regan / The Information:
Sources: Meta is working on ways to make the next version of LLaMA available for commercial use; the open-source LLM is currently only licensed for research use
Katie Roof / Bloomberg:
Alphabet plans to wind down Google Domains and sell its assets, including ~10M domains, to Squarespace in Q3 2023, a source says for ~$180M; SQSP jumps 9%+
Jay Peters / The Verge:
Twitch launches a Partner Plus tier, offering a 70/30 revenue sharing split to creators who have 350+ recurring paid subscriptions for three consecutive months
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