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Techmeme
June 16, 2023, 12:50 PM
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Top News

Jay Peters / The Verge:
Q&A: Steve Huffman says Reddit's API was “never designed to support third-party apps” and he didn't know how much the apps were “profiting off of our API”  —  Reddit is fighting for its soul. … Huffman has argued the changes are a business decision …
Anne VanderMey / Bloomberg:
Reddit says 80% of its top subreddits are currently open; Reddark estimates that 5K+ 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 down thousands …
Sean Hollister / The Verge:
A “Reddit API Fact Sheet” says the company does not plan to “unilaterally” reopen subreddits; Reddit's rules may let the platform remove protesting moderators  —  “We are not shutting down discussions or unilaterally reopening communities,” reads a line from a …
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%+  —  Alphabet Inc. is winding down its Google Domains business and selling its assets to Squarespace Inc., according to a statement Thursday.
Bloomberg:
NY AG documents: Tether once counted securities from Chinese companies among its reserves; Tether said in July 2022 that it held no Chinese commercial paper  —  Tether Holdings Ltd. once counted securities issued by Chinese companies among the reserves backing its USDT stablecoin …
CoinDesk:
France probes Binance for illegally providing digital asset services and poor money laundering checks; Binance quits 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 an SEC application to register its iShares Bitcoin Trust as a spot bitcoin ETF, using Coinbase Custody as its custodian  —  BlackRock (BLK.N), the world's biggest asset manager, on Thursday filed for a bitcoin exchange-traded fund (ETF) that would allow investors to get exposure …
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.
Bloomberg:
In a meeting with Bill Gates, Xi Jinping says China is willing to engage in tech cooperation with the US; Xi is expected to meet Antony Blinken later this week  —  President Xi Jinping said China is willing to work with the world on technology innovation and global challenges including …
Nikhilesh De / CoinDesk:
In a cease-and-desist order, Texas' securities regulator says crypto lender Abra has been insolvent for months and accuses the company of securities fraud  —  State regulators say Abra held tens of millions of dollars' worth of assets on now bankrupt platforms.
Leo Schwartz / Fortune:
Digital assets platform Bakkt delists Solana, Polygon, and Cardano, taking proactive action until there is regulatory clarity on offering coins compliantly  —  Just over two months after completing a $155 million acquisition for the trading infrastructure provider Apex Crypto …
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”  —  Amazon.com Inc.'s proposed $1.7 billion deal to buy robot vacuum firm iRobot Corp. was given the all-clear …
Dana Priest / Washington Post:
Hanan Elatr, the widow of Jamal Khashoggi, sues the NSO Group in Virginia, claiming Saudi Arabia used the Israeli company's Pegasus tool to track them both  —  In the lawsuit, Hanan Elatr says Saudi Arabia used NSO's Pegasus spyware to track her and her husband's whereabouts before he was murdered

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 12:50 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

Bloomberg:
Paramount reaches a settlement with the US states suing to block its WBD acquisition, after four states that opposed a deal conceded over the weekend

Dan Mangan / CNBC:
MS NOW, CNN, and Politico file a lawsuit in US District Court in Washington seeking a temporary restraining order against President Trump's White House ban

Charlotte Tobitt / Press Gazette:
Hearst UK returns to revenue growth after three years, reporting 2025 revenue up 5% YoY to £110.1M with a pre-tax profit of £1M, up from a £5.2M loss in 2024

More News

Benedict Evans:
Apple Vision Pro shows that current AR/VR devices, like Meta's Quest, aren't good enough to break out of the gaming market and need a step change in capability
Financial Times:
Sources: OpenAI, Google, Microsoft, and Adobe have met News Corp, the NYT, and others to discuss copyright issues over LLMs and a possible subscription fee
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 its first quantum processor, Tunnel Falls, a 12-qubit chip using electrons for storing data, available to select academic and research partners

Earlier Picks

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
Bloomberg:
How Microsoft's bet on OpenAI due to transfer learning, an approach that wasn't yet commercialized, may help Microsoft leapfrog Google and corner the AI market
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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