Techmeme
July 16, 2023, 8:35 AM

Top News

Jahnavi Nidumolu / Reuters:
Elon Musk says a ~50% ad revenue drop and a heavy debt load kept Twitter cash flow negative; he said in March 2023 the company could be cash flow positive in Q2  —  Elon Musk said Twitter's cash flow remains negative because of a nearly 50% drop in advertising revenue and a heavy debt load.
Alex Ivanovs / Stack Diary:
Brave appears to be selling copyrighted data for AI training and giving third parties the “rights” to that data, while not disclosing its own robot crawler  —  And even though there are some concerns about the type of data that was used [...]  —  I'm fairly certain …
Igor Bonifacic / Engadget:
Bluesky adds the N-word to a “reserved” words list, after users reported that some usernames include the slur, highlighting the site's ongoing moderation issues  —  The oversight highlighted an ongoing moderation issue at the platform.  —  Before this week, Bluesky …
Amaka Nwaokocha / Cointelegraph:
The US SEC acknowledges BlackRock's and Bitwise's spot bitcoin ETF applications, indicating the commencement of the official review process for the proposals  —  The SEC's acknowledgment indicates the commencement of the official review process for BlackRock's ETF proposal.  —  2279 Total views
Lewis Gordon / The Ringer:
After DVDs and streaming, Netflix gears up for what appears to be its third and most ambitious act: video games, with 67 in its library and 86 in development  —  First came DVDs.  Then came streaming movies and TV.  Now, Netflix is betting big on video games—and new release 'Oxenfree II …
Dan Goodin / Ars Technica:
Microsoft's disclosures about Chinese government hackers accessing US government email accounts try to obscure the role of the company's zero-days in the breach  —  Critics also decry Microsoft's “pay-to-play” monitoring that detected intrusions.  —  On Friday, Microsoft attempted to explain …
Tim Bradshaw / Financial Times:
The UK CMA pushes back its July 18 deadline to block Microsoft's Activision Blizzard acquisition to August 29, which could mean the deal closes within six weeks  —  New timetable from Competition and Markets Authority means $75bn transaction could be closed within weeks
Rhiannon Williams / MIT Technology Review:
Study: ChatGPT helped writers complete tasks, such as writing press releases or reports, 40% faster and produce work that assessors scored 18% higher in quality  —  People who use ChatGPT to help with writing tasks are more productive and produce higher-quality work than those who don't, a study found.

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