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Techmeme
August 26, 2023, 1:25 AM
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Top News

Natasha Lomas / TechCrunch:
The EU's DSA goes into effect, forcing platforms like Facebook, Instagram, YouTube, and TikTok to let users opt out of profiling-based content recommendations  —  Internet users in the European Union are logging on to a quiet revolution on mainstream social networks today: The ability to say ‘no thanks’ to being attention hacked by AI.
Jack Schickler / CoinDesk:
FTX, Genesis, and BlockFi customer data is compromised after a SIM swap against an employee of Kroll, which manages creditor claims for the bankrupt companies  —  A ‘cybersecurity incident’ affected Kroll, which gathers customer claim data on behalf of bankrupt companies.  —  Register Now
Jonathan Greig / The Record:
Cisco Talos: North Korea's Lazarus is using a new malware variant to target internet backbone infrastructure and healthcare entities in Europe and the US  —  A notorious hacking group working on behalf of the North Korean government is using a new strain of malware to attack healthcare entities …
New York Times:
Sources: a company spending $800M+ to buy thousands of acres to build a new Bay Area city is backed by Michael Moritz, Reid Hoffman, Marc Andreessen, and others  —  A mysterious company has spent $800 million in an effort to buy thousands of acres of San Francisco Bay Area land.
Dan Primack / Axios:
Instacart files for a US IPO, reports 2022 revenue up 39% YoY to $2.55B, $428M net income, up from a $73M loss in 2021, and H1 2023 revenue up 31% YoY to $1.48B  —  Grocery delivery giant Instacart on Friday filed for its initial public offering, with expectations that its shares will begin trading on the Nasdaq next month.
Washington Post:
How Meta and YouTube, battered by content moderation wars, are following X in retreating from policing political misinformation, raising US 2024 election fears  —  Facebook and YouTube are receding from their role as watchdogs against conspiracy theories ahead of the 2024 presidential election
Joe Wituschek / BGR:
X launches its job posting feature X Hiring in beta for verified organizations, allowing them to “organically reach millions of relevant candidates”  —  Who goes to LinkedIn to look for a job?  Nah, those days are over.  X is the new place to find your next employer.
Eri Sugiura / Financial Times:
Huawei and Ericsson renew a multiyear global patent cross-licensing deal for 5G and other technologies; Huawei owns 20% of global 5G patents  —  Agreement gives Chinese group a boost after being subject to bans in Europe and the US  —  Huawei has sealed a multiyear patent cross-licensing deal …
Wall Street Journal:
The US Treasury proposes new rules that would treat crypto exchanges more like stockbrokers, requiring them to report gross proceeds to the IRS starting in 2026  —  Long-delayed regulations would treat crypto platforms more like brokers who handle stocks and mutual funds

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 1:25 AM ET, August 26, 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

Todd Spangler / Variety:
Trump names Danielle Thumann, an adviser to FCC Chairman Brendan Carr, to serve as an FCC commissioner; if confirmed, she'd bring the Republican majority to 3-1

Dade Hayes / Deadline:
Scripps' CEO says the company is adopting a streaming news model enabled by AI, including cutting 12% of staff, and praises the FCC's lift of the ownership cap

Ted Johnson / Deadline:
A federal judge has dismissed an antitrust challenge to Paramount's WBD acquisition brought by a group of consumers, but allows them to file a revised complaint

More News

Ana Paula Pereira / Cointelegraph:
Nansen: ~90% of PYUSD is held in issuer Paxos Trust's wallets, indicating a “lack of demand from crypto users” for PayPal's stablecoin that launched on August 7
Annie Palmer / CNBC:
E-commerce marketing company Klaviyo files for a US IPO and reports H1 2023 revenue of ~$321M, vs. ~$208M YoY, and $15.2M net income, vs. a $24.6M net loss YoY
Ryan Smith / AnandTech:
AMD announces new Radeon RX 7000 series video cards, the $449 RX 7700 XT and the $499 7800 XT, based on its new Navi 32 GPU and aimed at the 1440p gaming market
David Jeans / Forbes:
NYC-based digital lender Better.com closed down 94% in its Nasdaq debut on August 24, after a SPAC merger with Aurora Acquisition Corp

Earlier Picks

Ariel Bogle / The Guardian:
The New York Times, CNN, Reuters, and other outlets block OpenAI's GPTBot web crawler from accessing their content; some have also blocked Common Crawl's CCBot
Julian Chokkattu / Wired:
Citizen suspends sales of its $350+ CZ Smart smartwatch, launched on May 1; review units had serious issues, like screen freezing and inaccurate tracking data
Manish Singh / TechCrunch:
Grocery delivery startup Zepto raised a $200M Series E led by StepStone at a $1.4B valuation, India's first 2023 unicorn and taking its total funding to ~$560M
AJ Vicens / CyberScoop:
Microsoft says Flax Typhoon, a hacking group active since mid-2021 with suspected Beijing ties, is targeting dozens of organizations in Taiwan, and elsewhere
Yueqi Yang / Bloomberg:
Mastercard and Binance plan to end their Latin America and Middle East card partnership on September 22; Visa stopped issuing Binance cards in Europe in July
Brody Ford / Bloomberg:
Dropbox ends its unlimited option, capping its “all the space you need” storage plan to 5TB, after some abused the tier by pooling storage, reselling, and more
Brendan Case / Bloomberg:
Walmart partners with Alphabet's Wing to test drone deliveries of up to six miles at two stores in the Dallas area, dropping off food and household essentials
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