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Techmeme
June 20, 2023, 4:20 AM
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Top News

Jane Zhang / Bloomberg:
Alibaba announces Eddie Wu to succeed Daniel Zhang as CEO and names Executive Vice Chairman Joseph Tsai as Chairman; Zhang will continue as Alibaba Cloud CEO  —  Alibaba Group Holding Ltd. is replacing eight-year veteran chief Daniel Zhang at the helm of a Chinese e-commerce leader bleeding market share …
Gabriela Galindo / Wired:
How Apple is trying to gain IP rights over depictions of apples globally, worrying the 111-year-old Fruit Union Suisse, which may need to change its logo  —  Apple, the company, wants rights to the image of apples, the fruit, in Switzerland—one of dozens of countries where it's flexing its legal muscles.
Bloomberg:
Sources: Germany and Intel agree on subsidies worth ~€10B for its chip plant in Magdeburg, up from an initial agreement on €6.8B, as part of a ~€30B project  —  Germany and Intel Corp. sealed an agreement for the US company to receive an enlarged subsidy package worth about €10 billion …
Frank Chaparro / The Block:
Filings: FTX paid $121.8M in legal, consulting, and financial services fees between February 1 and April 30, as some former clients push to reboot the exchange  —  - FTX's bankruptcy estate paid $121.8 million in legal, consulting and financial services fees and expenses between February 1 and April 30 …
Jon Pincus / The Nexus Of Privacy:
Amid ongoing Reddit protests, decentralized link aggregation and discussion forum projects Lemmy and Kbin grow to a total of 70K+ MAUs and 1,000+ instances  —  Tens of thousands of people have signed up for KBin and Lemmy accounts since I first published Don't tell people “it's easy” …
Carly Page / TechCrunch:
The BlackCat ransomware gang threatens to release 80GB of data allegedly stolen from Reddit; the company says BlackCat's claims relate to a February 5 attack  —  Hackers are threatening to release confidential data stolen from Reddit unless the company pays a ransom demand - and reverses its controversial API price hikes.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 4:20 AM ET, June 20, 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

Rebecca Rubin / Variety:
Sony's Spider-Man: Brand New Day opened to a record-setting $360M in North America, beating Avengers: Endgame's $357M; globally, it hit $932M, second to Endgame

Corey G. Johnson / ProPublica:
Two watchdog groups seek federal investigations into whether two FCC members broke ethics rules by accepting free Kennedy Center tickets from Paramount

Justin Fox / Bloomberg:
US federal statistics show that Manhattan had 8.3% of newspaper jobs in 2025, despite accounting for just 0.5% of the US population

More News

Tracy Qu / South China Morning Post:
Alibaba and JD.com did not share 2023 GMV figures for 618, China's second largest shopping festival; the companies previously used GMV to trumpet their wins
Thomas Germain / Gizmodo:
Some publishers say they have seen a sharp drop in Facebook traffic since May 2023; Echobox: the share of traffic to publisher sites from Facebook fell ~50% YoY
Tim Hakki / Decrypt:
Twitter suspends Explain This Bob, a GPT-4 chatbot tied to the BOB Token, after Elon Musk called the account a “scam”; Musk replied “I love Bob” in April 2023

Earlier Picks

Rebecca Tan / Washington Post:
Sources: Meta plans tighter content rules in Vietnam, its seventh largest market, and keeps a list of officials not to be criticized, after government requests
Nikou Asgari / Financial Times:
Sources: internal teams at Singapore-based Crypto.com trade tokens for profit on the exchange and elsewhere, a little-known fact since the company's 2016 launch
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