| David Ingram / NBC News: |
Steve Huffman praises Elon Musk's aggressive cost-cutting and layoffs at Twitter and says he saw Musk's handling of Twitter as an example for Reddit to follow — Steve Huffman said in an interview that Elon Musk's cost-cutting at Twitter was inspiring and that the two have chatted “a handful of times.”| 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.| Anne VanderMey / Bloomberg: |
| Jay Peters / The Verge: |
| Kellen Browning / New York Times: |
Félix Lengyel, aka xQc, a Twitch streamer with 12M followers, signs a ~$100M deal with Kick, a streaming service backed by Australian gaming and gambling sites — The deal signed by Félix Lengyel, known as xQc, matches traditional athletes' contracts, and is another sign … | 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 … | Nikhilesh De / CoinDesk: |
Binance, Binance.US, and the SEC agree to ensure only Binance.US staff can access customer funds; the proposed agreement needs sign-off from a federal judge — The proposed agreement still needs judicial sign-off. — Binance, Binance.US and the Securities and Exchange Commission (SEC) … | Sheila Dang / Reuters: |
Source: Twitter CEO Linda Yaccarino tells investors no major ad holding firms are recommending an ad pause now and highlights a focus on video and partnerships — Twitter plans to focus on video, creator and commerce partnerships to revitalize the social media company's business beyond digital advertising … | Tonya Riley / CyberScoop: |
Genetic testing company 1health.io settles by paying $75K to the FTC for exposing sensitive health data, in the first FTC enforcement over genetic information — The case is the latest in a series of FTC enforcement actions focused on health data privacy and the first involving genetic information.| Niket Nishant / Reuters: |
Crypto payments startup Wyre says it is winding down and that investors with assets on the company's platform can withdraw them through July 14 — Cryptocurrency infrastructure provider Wyre is winding down, feeling the pinch of dwindling interest in a market that was once hailed as the next frontier of finance.| Alex Heath / The Verge: |
Meta plans to lower the minimum age for Quest headsets from 13 to 10, with under-13s' profiles and avatars set to private by default; Horizon Worlds remains 13+ — Government scrutiny of how tech companies handle their underage users is continuing to heat up.| Chris Stokel-Walker / Wired: |
Stack Overflow removed gender and race questions from its 2023 user survey, citing privacy concerns, after its 2022 survey found that 92% of its users were men — The coding hub's 2022 survey found that 92 percent of its users were men. This time around it simply dropped the question.| Brad Stone / Bloomberg: |
How a seminal 2017 paper by Google researchers laid the groundwork for the AI hype cycle, resulting in a Silicon Valley frenzy not seen since the dot-com boom — In late May, 300 entrepreneurs, venture capitalists, journalists and assorted self-described thought leaders crammed into Shack15 … | Financial Times: |
Filing: Tiger Global has so far raised just $2B+ for a fund targeting $6B after eight months; US venture firms raised nearly $12B in Q1 2023, down 73% YoY — Group has raised just over $2bn for a vehicle targeting $6bn amid scepticism over tech valuations — Tiger Global is falling short …
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| Leah Nylen / Bloomberg: |
| Annie Palmer / CNBC: |
| Venkatesh Gorantla / MySmartPrice: |
| Andrew Tarantola / Engadget: |
| Benedict Evans: |
| Bloomberg: |
| Manya Saini / Reuters: |
| Sergiu Gatlan / BleepingComputer: |